Word of advice, a lot of people fall into the trap of opening side hustles that end up failing. I note that you may not be available to run either of the businesses on a day to day basis. From experience its better to always be present especially during the initial setting up. No one here can really be able to tell you which business to go into without more details.
From my own observations, research and experience, estate businesses are the most risky. Take a look at the area you want to open the business and you may find businesses opening up and closing down after around 6months to one year. If I were you I would first hold onto the money and do a thorough research on what options are there without limiting the focus on those two options. Look at areas where you can invest where you're not physically required to be present eg stocks, bonds. Service delivery on your area of expertise such accounting, IT consulting etc is also another way to have a side hustle.
If you do decide to go ahead make sure you factor in rent for about 6 months, employee salaries for about the same period and also do not use the proceeds from the business until you reclaim your initial investment. All the best!
“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer