Do you want to start a business without taking part in its daily activities? Then you want to become an absentee owner of a business. There are many absentee owner business ideas that will give you a share of the profit without the headache of regular participation.
You must have a good idea about the absentee owner business idea you are taking up. This idea and knowledge about the business will help you in training the manpower for execution.
Absentee owner business ideas will help you to earn extra income along with your present job or profession. As an absentee owner, you will get the idea of a new business without involving your time.
The advantage of absentee owner business ideas is that it does not depend on your skill or expertise. The success of such business ideas depends on your planning and choosing the right managers.
Absentee Owner business ideas are of several types. You can go for any of them according to your preference or convenience.
25 Absentee Owner Business Ideas
1. Photo Booth
Photo booths are set at different parties, functions, etc where people can take photographs as and when they wish. It has a good demand and can be run without the presence of the business owner. You can start the business by hiring efficient managers and photographers. Good marketing and publicity are keys to the success of this business.
2. Automatic Car Wash
Automatic car wash facilities are a great absentee owner business idea because it operates without the involvement of any manpower. People just need to buy tickets and take their car for an automatic wash. These facilities are available at oil stations, near provision stores, etc.
Learn More: How to Start A Profitable Car Wash Business
3. Co-Working Space Rental
Co-working spaces have a very good demand among small entrepreneurs or start-ups. If you have a space you can rent it out as a co-working space which is a great absentee owner business idea. You will need a good manager to take care of the facilities provided and their maintenance.
Airbnb is a global concept of the hospitality business and you can be a part of it as an absentee owner business idea. If you have an empty apartment or even a room not used, you can rent it as an Airbnb facility and earn a good profit. You won’t need to involve your time in this business. Regular monitoring through your appointed executive will be enough.
5. Vending Machine
Vending machines are a good absentee owner business idea. You can place vending machines in several locations like shopping malls, provision stores, offices, etc, and sell various items through them. You will only need a designated person to fill up the vending machines and collect the cash. By placing vending machines at strategic locations and selling much-demanded items will give you good income.
6. Open an ATM
Setting up an ATM in your spare space is a good absentee owner business idea. It will give you a fixed income without much headache. You can also buy an ATM route and place the machines in busy areas.
7. Billboard & Outdoor Ad
Buying spaces for billboards and outdoor Ads and getting paid for putting up the billboards or banners is a good absentee owner business idea. In this business, you only need to buy the spaces and employ marketing professionals to secure orders and field workers to put up the ad. Even after paying them, you will have a good income.
8. Wi-Fi Hotspot
Wi-Fi Hotspot Services Company is a very profitable business as we are dependent on Wi-Fi at every point. This is a good absentee owner business idea that you can start everywhere, even from your home. You will earn through the membership or subscription of the users.
9. TV Station
TV stations can be a great absentee owner business idea. You can start a TV station where different types of television programs can be produced, recorded, and telecast. It will need expert engineers and programmers. You will get your share of the profit as the owner of the TV Station.
10. Warehouse Rental
If you have space to use as a warehouse you can start the business of warehouse rental. This is a good absentee owner business idea as you can carry on this business without active participation and presence. You will need some efficient managers to run the entire process and get the rent.
11. Fitness Center
Fitness center is a booming businesses now and it can very well be an absentee owner business idea. If you have space for a fitness center, you can start the business with a franchise, where your active participation is not needed. Otherwise, you can set up a fitness center with the help of health professionals and fitness trainers along with marketing personnel.
The entire concept of the dropshipping business goes very well with the concept of absentee owner business idea. You can do this business without maintaining inventory and doing the manufacturing. It is a great absentee owner business that will give you extra income along with regular income.
13. Ambulance Service
Start an ambulance service that will be managed by an efficient manager or the driver himself. It is a good absentee owner business idea as it does not require your presence or active involvement, but ensures you a good income. You will need to monitor the trips and fuel consumption.
14. Property Flipping
Property flipping is a very profitable business and a good absentee owner business idea. You can invest in a property or real estate and then outsource its upliftment or elevation to expert architects or interior designers. Selling the property at higher prices can also be done through real estate agents. You can still earn a good profit from the property flipping business.
15. Bread Route
Buying a bread route is a profitable absentee owner business idea. By buying a particular bread route you will be able to supply bread to all the retailers located in the route and earn commission from each sale. This is a profitable business and you can conduct it through bread vans and drivers.
16. Bounce House
Bounce houses are a great attraction for children and are often used at various parties, camps, or other places. It is a good absentee owner business as you can hire persons to set up the bounce houses and then deflate them after use and collect the earnings.
17. Self-Storage Facility
Renting out self-storage facilities in the form of cabinets, drawers, etc can be a good business for you. As it does not require manpower, it can be a very good absentee owner business idea. You can rent the self-storage facilities to various individuals or businesses and earn rent mostly on monthly basis.
Laundromat is a profitable absentee owner business idea. As the absentee owner of a laundromat, you can take a franchise or set up the laundromat with a few employees for running it. Despite your absence, the laundromat business will yield you good profit.
Bakery is a much-demanded and profitable business. It can also be a good absentee owner business idea. If you have a space or can invest in a space, you can start the bakery business with the help of an expert baker, a manager, and a maintenance staff. It gives a good return on your investment.
20. Drive-in Movie Theatre
Drive-in movie theatres are a very profitable business and a good choice as an absentee owner business idea. You can entrust the entire responsibility of finding a location, setting the screen, screening movies, and involving the audience to hired professionals. It is still profitable for you.
21. Academic Consultancy
You can set up academic consultancy services both online and offline involving expert consultants and marketing personnel. This business has a good demand and is a great absentee owner business idea. You can provide a space for it and pay for the setup and technological infrastructure. This business will give you a good profit.
22. Oil Tank Farm
The oil tank farm is a high-investment business that yields a high profit. It can be a good absentee owner business idea where you will need expert personnel for the marketing and management of the farm. Once properly managed, it will be a good profit-making business without your presence.
23. Security Services
A security service is a good absentee owner business idea that gives a good return. You can start this business by hiring expert security managers who will manage and coordinate the service network with the help of armed or unarmed security guards or trained dogs. Your presence is not necessary here.
24. Uber Driver
Uber services are much in demand now. It is a good absentee owner business idea where you will hire drivers to let Uber use them as and when required. This business has a good payment and you will need a good manager who will coordinate the movement of drivers and keep track of it.
25. Foreign Currency Exchange
You can start a foreign currency exchange company and earn high profits by selling them at high exchange rates. This can be a good absentee owner business idea because you can execute this business with efficient managers.
Absentee owner business ideas enable you to earn extra income without spending time and energy on it. Choose any of the ideas wisely and you will be able to earn the money hassle-free.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their businesses.