Small Business Ideas For Small Towns – If you are planning to open a new business, finding the right location is an important decision
While a big city may seem like an obvious locale to put down your roots, don’t rule out starting a business in a small town. US Census data shows that the population of small towns is growing; Which creates the perfect opportunity for entrepreneurs like you to get in on the ground floor
Small Business Ideas For Small Towns
This rising trend inspired us to put together this list of the 15 best small town business ideas to encourage you to find your passion.
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No matter where you live or how sparsely populated the city, people need to eat — and they don’t always want to cook at home. From diners to fine dining and quick service restaurants, every local community deserves a few good restaurants where residents can enjoy a great meal.
If you have a knack for the culinary arts or are a passionate foodie with a drive to learn the business, opening a restaurant could be a successful endeavor for you.
Make sure you do proper market research before you open, find reliable and qualified vendors, and invest in technology like restaurant POS systems for efficiency and accurate analytics about your business.
Another great small town business concept along the same lines as restaurants, coffee shops (or tea houses). Since Americans drink 102 billion cups of coffee annually, it’s unlikely you’ll set up shop in any corner of this great nation; You will find coffee drinkers
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However, the downside of serving beans and leafy drinks throughout the day is that people prefer other types of drinks after breakfast. This change in priorities can affect your business hours and potential revenue in the following days
To help deal with slow periods in the afternoons and evenings, you can incorporate an additional business idea that compliments your core business. For example, after 4pm, you can open a ‘bar’; An ice cream bar, a frozen yogurt bar, or a more traditional bar that serves beer and wine.
Do your research and determine what type of bar will attract the most customers and fill a void in the local community. Also, remember, since your hybrid coffee house is attracting different customer segments, make sure you maximize the floor plan and design to create a welcoming atmosphere – one that makes everyone feel comfortable and relaxed.
If there’s one thing that rural areas have over big cities, it’s location As for building vertically in metropolitan areas, there is the option of expanding horizontally in less populated areas
High Profit Small Town Business Ideas
Take for example the most populous city on the east coast If you Google the term ‘movie theaters NYC’, you will be inundated with various search results In and around most of Manhattan, movie theaters are multi-story megaplexes nestled among high-rise apartment buildings and skyscrapers.
Now, go ahead and Google the words ‘drive-in movie theaters NYC’ and see what kind of results you get. While the search engine returns results for that term, none of the listings are actually in New York City So, until parking garages start installing movie screens, drive-in theaters in the Big Apple aren’t a viable business.
On the other hand, in suburban areas and less populated areas, drive-ins are more practical — and a great small town business idea. If you’re thinking of setting up a movie theater, remember that the big chains control the latest Hollywood releases. Focusing on indie movies or well-loved classics can be more rewarding — and profitable
As a bonus, you can create partnerships with local food distributors or open an in-house restaurant to provide food and snacks to patrons.
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People have a fondness for nostalgia, and what’s more nostalgic than a drive-in movie theater in small-town USA?
If you’ve ever lived in a small town, you know that having an automobile is a necessity to get from point A to B. Public transportation is nonexistent, so unless you’re going to walk or bike to where you need to go, a car is a must in the countryside. The need for these vehicles creates the perfect business opportunity to open auto repair shops in small communities
Whether it’s routine maintenance, major repairs, or towing services, as long as people are on the road, an auto shop will be a business.
If you have a knack for numbers or are an experienced CPA looking to escape the hustle and bustle of big city life, starting an accounting service in a small town may be right for you.
Business Ideas That Defy An Unpredictable Economy!
Whether you work for a man (or woman) or you work for yourself, everyone has to file taxes However, not everyone is comfortable with the self-filing option and opts for the help of a local professional
As Benjamin Franklin once said, “There are only two things in life: death and taxes,” and we’ve already talked about that. Although a sad and painful part of life’s journey, death is something that everyone has to face at some point
This inevitable end means that there is always a need for the right memorial services and a funeral home to arrange those services Today, funerals average $5,000 or more; If you have thick skin for this miserable industry then turn it into a profitable business
If you enjoy working with people and like to make them feel good about themselves, opening a salon or daycare is a great small town business idea. Aside from follicle challenges, everyone needs a haircut from time to time; And this repeat requirement equates to more dollars and cents for you
Small Business Ideas For Small Towns, Part 1
In addition to haircuts, there are a variety of other services that you can offer to create additional revenue streams, such as coloring, makeup, nails, or waxing. Remember, these practices may require special licenses or certifications, so make sure you check state requirements
No matter where you go, people will always want to look their best That’s why makeup and other cosmetic businesses can also face a financial storm Like other things, such as jewelry, makeup supplies need to be refreshed occasionally, which means you’ll get constant return business if you can build loyal customers.
Also See: Best Salon POS System Features To Keep You A Cut 8. (Like Groceries)
Although big-box grocery stores in large markets carry a wide variety of foods, smaller markets are not as fortunate for two reasons:
Small Town Business Ideas That Thrive In Every Community
This oversight keeps the door open for an entrepreneur like you to open a specialty grocery store The right type of specialty store will depend on your location and market demand, so don’t be afraid to stock your shelves with local resources like nearby farms or gardens. Farm-to-table freshness is always a winning recipe
If there’s one thing they all have in common, it’s that they’re always on the lookout for a bargain This tendency to seek out the best deals means that thrift stores will have a constant flow of customers
Second hand stores are not only a less expensive shopping option for cash-driven consumers, but also an outlet for the community to recycle unwanted items. At some point, we all outgrow our clothes or no longer need certain products in our lives Instead of tossing those things to the curb, why not let someone else get some life out of them?
Remember, if you open a thrift store, most of your inventory will come through donations or supplies While this unconventional way of keeping stock saves money on inventory costs and dealing with vendors, it tacks on another layer of complexity.
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For example, you’ll need to keep track of donation drop-offs or pickups, incoming inventory, and any items you have so you can adequately reimburse vendors. We are not saying this to discourage you from opening this type of business, but rather to inform you that the operation will not be like a traditional retail store.
More often than not, at social gatherings or celebrations, people will have a drink or two to celebrate the special day Why not capitalize on this social convention?
You can open a small town bar where people can gather to commemorate a special occasion If hospitality isn’t your thing, you can open a retail liquor store where locals can shop for spirits in favor of celebrating at home.
It is widely known that most people have a sweet tooth, in fact, it is almost impossible to find someone who does not. People consider sweets an affordable luxury; They’re delicious, they make you feel good, and they pass for food It’s a winning trifecta, which can translate into a thriving small business for you If you’re looking for a twist, you can appeal to a specific demographic Organic foods like brittle are still in style
Small Business Ideas: Guide (low Investment + High Profits)
An additional option you can consider is opening a pop-up shop Pop-up shops are more expensive and less risky to open