5 Most Profitable Cash-Only Businesses To Avoid Taxes

In this article we discuss the 5 most profitable cash-only businesses to avoid taxes. If you want to read our detailed analysis of these businesses, go directly to 10 Most Profitable Cash-Only Businesses To Avoid Taxes.

5. Food Trucks

Food Trucks are also a cash-rich business. As the cost of operating a restaurant climbs, food trucks offer small business owners the opportunity to serve customers at an affordable rate. In some urban landscapes, where population density is high, food trucks are now competing with traditional street vendors for lucrative business spots. An undated Mobile Cuisine poll indicates that more than 72% of these food trucks operate on a cash-only policy. Business News Daily also claims that most customers are used to paying food trucks with cash. 

One of the most popular of these food truck franchises is Captain D’s Seafood. The brand operates more than 500 eateries in 21 states across America. In late 2017, a private equity firm acquired the franchise for an undisclosed amount. The equity firm has a track record of investing in growing middle-income businesses. Captain D’s has been ranked the top seafood restaurant chain in the QSR 50, an annual ranking of limited service restaurant companies based on their sales records in the United States.