By Ryan Velez
Free money sounds like the perfect dream, and while it may not be as simple as it looks, passive investments offer the opportunity for you to buy in and potentially profit without having to worry about the day-to-day struggles of business. Black Enterprise recently shared some passive investment opportunities that are a good match for the person wanting to invest but not necessarily ready for the full-time move to business ownership. As a note, working a full-time job makes it easier to get an SBA loan, providing working capital for you to operate.
WaveMAX Laundry is a trailblazer, being the first national coin-operated laundry franchise to hit the market. They are also well known for their high standards of construction, operational practices, and green initiatives.
“WaveMAX has developed a proprietary approach to discerning the best possible real-estate play for their locations. They’ve also partnered with Electrolux (one of the largest commercial laundry manufacturers in the world) to provide owners with preferred pricing on all equipment; financing to cover 65% to 70% of the project cost, and nationwide service and parts distribution,” Black Enterprise shares. WaveMAX investment runs from $200,000-$803,500.
Black Enterprise describes the work of Clothes Bin as “a proven process for the collection, management, and distribution of clothes, shoes, and textiles. Strategically located in the parking lots of convenience stores, gas stations, shopping centers and other places people congregate–these bright green bins are the go-to for anyone looking for a convenient way to recycle clothing, shoes, etc.” The automated bins let the owner know when they are at capacity, and owners have the option to sell materials back to the franchisor at a per-pound weight, or to resell. The investment here is relatively low, only $140,525-$172,335. This makes it a great opportunity for newcomers or people who don’t have that much money to work with.
Professional women, in particular, may want to take a look at BirthdayPak. “It offers gift cards to local salons, restaurants, and specialty stores. As a BirthdayPak franchisee, you’ll help local business owners meet their business goals while bringing smiles to thousands of local community members as they receive their BirthdayPak featuring gift cards from your advertisers,” Black Enterprise explains. BirthdayPak particularly caters to professional women, and an investor will want to have a background in sales and marketing to get the most for their money. Investing will cost around $30,000-$40,000.