I’ve heard a lot of great things about the vending business. It’s a cash business. The profit margins can be unreal. I had read books on it several years ago and thought it would be a great business to get involved in, but at the time, my life took another direction.

Lately, I have been looking for a passive income or semi-passive income business to buy. First, I was looking at laundromats. Over the past 6 months, I have looked at a half a dozen laundromats. Laundromats are also a great business that I have researched a lot and read a lot about. I put this “book knowledge” to the test when I got out there and made offers to purchase and analyzed laundromats that I was looking at. The thing about any cash business is that the income is usually not reported but instead is spent or put under the mattress. People trying to sell laundromats apparently use this as an excuse to brag about all the unreported cash the business generates. Of course, there is usually no way of verifying this. Or is there? (more…)

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