One Thousand Ways to Make Money by Page Fox

960. LODGING HOUSE.--A man leased an abandoned hotel, containing 100

small rooms, and fitted them up with single beds. He charged a uniform price of twenty-five cents a night. The location was down town in New York, the congested district where congregate travelers, tradesmen, workingmen, and the vast class of floaters. His rooms were nearly always full. Income per day, $25. Daily expenses: Night clerk, $2; two chambermaids ($15 each per month), $1. Rent, $5; lights, $1; laundry, $3; sundries, $1. Total expenses per day, $13. Net profit, $12 per day. He says, “I am sure I could double these profits if I could double my accommodations.”