cash only businesses


10 cash-only businesses that may stay cash…FOREVER


They say cash is king and in some businesses they take that seriously which means no cash no service! In this article, we will list 10 cash-only businesses... you might wonder why is it such a big deal and  I agree with you, but that is not the case in alot of businesses and after seeing these 10 businesses you may understand why.


There was a show I watched a while back and you probably heard of it, called million-dollar listings with Ryan serhant a client wanted to buy a house using 50,000 bitcoin and Ryan turned it down, each bitcoin then soared to over 30k, everyone has there reasons on why they rather cash and they can be anything from they were Denied a bank account or even immigration status.



What is a cash business?


A cash business is a type of business that operates mainly on cash transactions. This type of business does not require the use of credit cards or other forms of payment and instead relies on customers paying with cash. Cash businesses are typically small businesses such as convenience stores, restaurants, and food trucks. They are popular because they are easy to set up and manage, require minimal overhead costs, and can provide a steady stream of income for the owner. . .


Pros and cons of running a cash business 


If you were given an option would you choose a cash-only business? Before you give that answer check out some of these pros and cons



  • Secure payment: 

  • Not worrying about chargebacks 

  • No monthly fees 




  • Dangerous  

  • Spend more 

  • Higher risk of being robbed

  • Customers can pay with coins 

  • Need to have receipts for every payment for tax seasons 

  • Harder to sell a cash-only business



Is cash business legal? 


Cash business is legal in the USA but you need to run it the same way as you would run any business accepting credit card payments or any type of payments and the best way is by using software to manage your business operating expenses like how much income you are making to how much expenses you have, another way which is very crucial for the IRS is by making customers sign the invoice after receiving payment's, Invoices should have your business name address and business number included on the very top along side your customer's names address and number and if you charge tax it should be shown on the bottom of the invoice, keep these receipts someone secure and save them for as long as you can, you never know when you may get audited by the IRS.





10 businesses that love cash 




1, Distritbuon routes


A distribution business is a type of business that involves the buying and selling of goods or services to customers. Distribution businesses are typically cash businesses, meaning that customers pay for their orders in cash which is called COD. The goal of a distribution business is to maximize profits by focusing on efficient delivery and customer service. Distribution businesses can range from small, local operations to large multinational corporations. They can be involved in the sale of physical products, such as clothing or electronics, or digital products such as software or media. Regardless of the product being sold, distribution businesses strive to provide customers with quality products at competitive prices.

2. Potato chips route


Potato chips routes are a type of cash business that involves selling potato chips to retail stores, gas stations, convenience stores, and other outlets. It is a great way to make money as it requires minimal investment and offers the potential for high returns. The route operator purchases the chips from the manufacturer or wholesaler and then sells them to retailers for a markup.

The bad part about being a potato chip distributor is customers can also pay you in a bag of coins! 


3. Vending machines 


Vending machines have become an increasingly popular way for businesses to generate cash quickly and easily. They are a great alternative to traditional retail stores, as they require little to no overhead or staff costs. Vending machines can be placed in any location, such as malls, airports, and schools. By providing customers with convenient access to snacks and drinks at all hours of the day or night, vending machine business owners can make a steady income from their investments.

The downside is Millions of vending machines out there that are still taking cash only but with newer technology, many newer machines are taking all types of payments like even apple pay, but that will be a transition that will take some to change up all those vending machines.


4. Food carts


Food carts are still a cash business and maybe for a while. They are relatively inexpensive to set up, require minimal staff, and offer an array of food options. Food carts have become increasingly popular in recent years as they offer customers convenience and variety at an affordable price. With the right location and menu, you can capitalize on this trend by starting your own food cart business. Cash businesses are ideal for food carts as they provide customers with the flexibility of paying with cash.


5. Laundromats

They are still many Laundromats that are cash-only businesses, meaning that customers pay in cash when they place their laundry inside the machines. This makes them attractive to entrepreneurs who don't want to deal with complicated financial transactions or credit card processing.


6. Handyman work


Handyman work is a great way to make money on the side. It is a cash-only business and it can be done with minimal overhead costs. With the right tools and knowledge, anyone can start their own handyman business. Handymen are often called upon to do everything from basic repairs and maintenance to more complex jobs such as plumbing, electrical work, and even construction projects. The demand for handyman services continues to grow as people look for fast, reliable solutions to their home improvement needs. With this in mind, starting a cash-only business in the handyman industry could prove to be profitable if done correctly.


7. Landscapers 

For many landscapers, running a cash-only business is a great way to save costs and increase profits. It eliminates the need to pay for credit card processing fees, and it also simplifies bookkeeping. Cash-only businesses also provide more flexibility when it comes to pricing and payment terms. By operating as a cash-only business, landscapers can focus on providing quality services at competitive prices. This helps them stand out from their competitors and attract more customers. Additionally, they can offer discounts for cash payments or offer incentives for early payments to encourage customers to pay promptly.


8. Garbage removal business 


Garbage removal businesses deal with local businesses and service them twice a week and sometimes every day deepening on how busy there are, the business is done mostly at night, garbage is then weighed before and after each pickup to track each customers amount of garbage, once a week owners of the garbage company drive around and collect cash-only payments while some may do the collecting over the phone or by having a card on file.


9. Exotic dancers 


Exotic dancing is an exciting and lucrative career choice for many individuals. It can provide a steady income, flexibility, and the opportunity to work independently. However, it also comes with some unique challenges: exotic dancers must find ways to operate a cash-only business. This means that dancers need to be prepared to handle large amounts of cash and ensure that they are following all applicable laws and regulations. Additionally, they must be aware of the risks associated with working in this industry and how to protect themselves from potential harm or theft. By understanding the unique needs of their business, exotic dancers can make sure they are taking all necessary steps to ensure their safety and success.


10. Window cleaners 


There are the window cleaners that clean skyscrapers and there is the window cleaner that goes around small businesses and keeps store owners' glass nice and clean, if you are looking for a cash business it's going around and cleaning windows and storefronts once a week or once a month, it's simple and takes about 25 minutes to do each store when finished customers will most likely pay you cash.


Conclusion: So there can be many benefits to starting a cash business but there is alot of downside too, one of the biggest setbacks is when it is time to sell your business, buyers want to see transactions of payment to verify the businesses income…a second reason you may get a visit from the IRS even tho cash is allowed in business you must keep receipts of every transaction, your word is not enough so keep this in mind when starting a cash-only business.

To learn more ways to cash-intensive businesses click this link



To the best of our knowledge, the information provided on this website is not intended to be taken as professional financial advice. Consult a professional financial, business broker, or tax expert if you require this advice. 

Business finance, By: Bizroutes ON 08 Jan, 2023