Called the Sunshine State, Florida is famous for its beaches, theme parks and the Everglades, vast wetlands with abundant wildlife. Besides hotels and restaurants, there are several other businesses you can set up in this East Coast state.
You may start a real estate or retail business. A transport business sounds like a good idea as well. Other possibilities are a food truck, brewery, or an ice cream parlor. We’ve come up with a list of business ideas in Florida that could work for you. Have a look!
If you’ve been thinking about starting your own brewery business, you’re in luck. The brewery industry in the US is anticipated to rebound from pandemic decline as consumer spending increases. The number of breweries in the US has been steadily increasing over the past decade. As of 2020, there were close to 10,000 breweries across the country, and many survived the pandemic by shifting to packaged and to-go sales.
It takes hard work and substantial investment to start a brewery. Breweries produce alcoholic beverages made from malted barley and hops, like beer, malt liquor, and non-alcoholic beer. To keep up with the latest consumer trends, you might want to focus on craft and regional beers as well as alternative alcoholic beverages such as ready-to-drink cocktails. You need to check federal and state laws relating to the industry first and comply with these. It’s to your advantage to carefully plan your business, from the licensing process to choosing the right brewing equipment. If you do this right, your brewery business has nowhere to go but up.
2. Nail Salon
Do you have a knack for thinking up new designs for people’s nails? If so, you could turn your hobby into a business and help people feel better about their appearance while making a good living. You could either run a mobile salon and make house calls for busy professionals, or set up your own shop and pamper customers with manicures, pedicures, sculpted nails, and more.
You’ll need to be a hands-on person comfortable spending time with other people, because nail services can’t be provided remotely. It’s important to have a positive presence and some degree of creativity, if you want your nail designs and customer service to ensure customer loyalty and referrals. Your main target market will be women, and you could choose to go after younger women with bold, inventive designs or focus on older professional women with high-end pampering.
Whichever route you choose, if you really nail it you could be a major success, as the industry expects steady growth in the years ahead.
3. Real Estate
The US real estate market has been booming in recent years, and is now worth nearly $400 billion and expected to see further growth in the years ahead. As an entrepreneur, you’re probably always on the look-out for new opportunities. Right now, with sales totals and home prices at record highs, real estate ranks among the largest and most promising markets. And best of all, you’ll be helping families settle down and build homes and communities.
Of course, starting a real estate business isn’t as easy as getting out of bed. You’ll need to educate yourself about the market and obtain a real estate agent’s license. You’ll need to familiarize yourself with all of the relevant online tools and information to keep you updated on market trends, and find a local broker to partner with. Finally, you’ll need to set up a website and successfully market your home buying and selling abilities in order to stand out in a crowded marketplace.
All that done, you’ll be ready to start building your real estate empire.
4. Food Truck
Who doesn’t love food trucks? They seem to be everywhere these days, at parks and street fairs, music festivals, beaches, private parties and community events. Industry revenue in the US tripled in the years before the pandemic, and now food trucks are coming back strong as the pandemic recedes. Now’s a great time to start your own food truck business and provide your community with delicious meals while grabbing a share of this growing market.
The first step, of course, will be settling on a menu. The possibilities are endless, from burritos to barbecue, from burgers to sausages, and from smoothies and milkshakes to pad thai and pizza. You could even go seasonal, and offer frozen desserts in summer and gourmet soups in winter, and be able to draw a crowd year-round. The next major hurdle will be acquiring the necessary licenses and permits, which are absolutely crucial for any food-related business.
Last but not least, you will need the food truck itself. It’s sure to be a significant investment, but you might be able to find a reasonably priced used truck to keep costs low. With a little luck, soon enough you’ll be up and running and making a nice return on that investment.
So you’ve decided to start a restaurant business. Congratulations! Opening a restaurant is no easy task, but it can be very lucrative. The food service industry in the US is expected to bounce back from pandemic slump due to pent-up demand and generate $900 billion in sales in 2022.
The pandemic, however, has reshaped the industry and many restaurant operators believe it would take a year or more before business conditions return to normal. But if you’re keeping track of the trends, you would establish a digital presence and work on offering delivery services before opening your doors.
There are many other things to consider. First, it’s important to decide what type of restaurant you want to open. Do you want to serve classic American fare, or specialize in a certain cuisine? Do you want to do casual or fine dining? What about a family-style restaurant? Next, it’s a good idea to research the competition in your area and come up with a plan to set yourself apart. Starting a restaurant can be tough, but if you’re prepared for the challenges ahead, it can be an incredibly rewarding experience.
6. Retail Store
Are you thinking of starting your own retail business? If so, you’re in good company. The retail industry is a huge part of the economy, and it’s only getting bigger. But starting a retail business isn’t easy. There are a lot of things to think about, from choosing the right location to setting up your payment system. And let’s not forget the most important step: deciding what you’ll be selling!
A good way to choose your product offerings is to first do some research — see what’s out there, and more importantly what’s not. You’re looking for what sells well, as well as a market gap to fill. Once you know your products, finding a great location for your store will be the next big step. However, you might want to initially run your retail business out of your home. This would significantly reduce your costs and give you time to build a brand and a reputation.
After a year or two, assuming your products are well received by the market, you’ll be in a much better position to find a great location and run a successful retail outlet.
7. Wholesale Business
Wholesale is all about the advantages of scale: prices are lower than retail because the purchases are in bulk, vast amounts of tomatoes, cement mix, shoes, or whatever it may be. If you’re good at scaling up and making sales, you might want to consider starting a wholesale business, because the industry is expected to continue its steady growth in the years ahead.
Getting started will require a significant investment, because all of that inventory is not going to suddenly appear out of nowhere, and you’ll need a place to keep it. Fortunately, unlike retail, a wholesale business doesn’t have to worry about finding an area with heavy traffic. Instead, the main concern is space. Once you’ve got your goods and a warehouse, you’ll need to obtain all the necessary licenses, then start reaching out to local businesses that might be interested in your goods.
Keep in mind that this is a big and growing industry, which means you’re going to face stiff competition from established firms and other new entrants. You’ll likely need to work hard, and smart, to succeed.
8. Pet Store
With people stuck at home during the pandemic, the number of pet owners skyrocketed. Over the past decade, Americans’ spending on pets has more than doubled to $110 billion, and pet stores, also growing quickly, represent about a fifth of that total. If you love animals, you could start a pet store, give lots of cuddly cuties new homes and help people better take care of their pets, all while making a good living.
Of course, you’ll need to decide which pets you’ll offer and how broad your variety of products will be, from food to toys and accessories. Another crucial step will be ensuring you meet all regulations and obtain all the required licenses and permits required for pet sales. Starting a pet store is not easy, but it’s far from impossible. With a bit of luck and determination, you can start your own and ride Americans’ love of animals to prosperity.
9. Business Consulting
Business is revving back up as the pandemic recedes, and one of the industries best positioned to take advantage is consulting, which is worth more than $250 billion in the US and recorded strong growth in 2021. If you have an area of expertise — finance and budgeting, technology, operations, or management — you could start up your own consulting firm and help businesses improve their efficiency and profitability while also making a good living.
Starting a consulting business is difficult, and will require hard work and determination, as well as a decent amount of red tape. Beyond building up a strong network and reliably providing value to your clients, a key element of your success will be understanding what sets you and your firm apart from your competitors and finding ways to promote that message to your target market and deliver on your promise. Accomplish this and you’ll soon build a reputation and, with a bit of luck, seven-figure revenues.
10. Dog Treat Shop
When you think of starting a business, doggie treats are probably not the first thing that comes to mind. But the petcare industry has boomed in recent years, with specialized foods leading the way as pet owners become increasingly concerned about pet health. You could start your own dog treat business and make a good living while putting smiles on the faces of people and pets everywhere.
Of course, you’ll need to decide what kind of treats you’ll make, the key ingredients, and your pricing structure. To get started, you could research popular dog treat brands and see what they’ve been doing lately. Once you know the outlines of your business, start making trial batches in your kitchen and test them out with dog owners in your era. Their feedback will help shape your product so that once it hits the market, every doggie will want some!
The hotel and lodgings market took a massive hit during the pandemic, but now as our economies are opening up and people are moving around again, it’s coming back strong! The industry is expecting double-digit growth in 2022 and beyond, so if you’re interested in hospitality and helping people enjoy their time away from home, now is the perfect time to ride this wave.
Opening a hotel can be a very rewarding experience, but it will require hard work and a considerable investment. The most crucial element, of course, will be the hotel building itself. Assuming you do not plan to build a new hotel yourself, which would likely cost millions of dollars, you’ll need to either buy an established hotel or find a building that can be purchased and converted into a hotel relatively easily. Once that’s done, you’ll want to launch a strong marketing campaign to attract your first guests.
As long as you provide excellent service and a great stay, you’ll be on the path to success.
12. Ice Cream Truck
Americans LOVE ice cream: we eat almost half a pound a week on average. Americans also love food trucks, which have exploded into a multi-billion-dollar industry in recent years. Yet for some reason, the rise of food trucks has in many areas meant the end of the ice cream truck.
But now that’s starting to change, as a new generation of ice cream trucks has begun to emerge. These vendors don’t offer the same old popsicles and ice cream sandwiches you got when you were a kid, but instead provide a wide selection of locally-made ice cream treats, supporting local businesses and helping build a network of partners. More importantly, today’s ice cream trucks are wired, allowing customers to book them for events online, track their location and get a text message when they’re in the neighborhood.
If you love making kids happy, there’s never been a better time to drive an ice cream truck.
13. Transportation Service
Goods and people always need to be moved from one place to the next, which is why reliable transport is always in demand. Transportation and logistics are both fast-growing industries, and you could ride the wave by starting your own transport business and helping the world get moving.
The first step is to identify the kind of transport service you want to offer. You might offer rideshare and taxi services, group transportation and shuttle, logistics and courier services, or something else entirely. Once you have identified your niche market you should decide whether to open a hub and office space, or to be based out of your home. If you choose the latter, understand that your website will be absolutely crucial, and must be impeccably professional to attract clients.
But before you launch, be sure to research the necessary permits and licences required for the line of transport you choose. The last thing you want is to face massives fines just as business starts booming.
14. Slime Shop
Have you been slimed lately? It’s only a matter of time. Slime is suddenly everywhere, dominating social media platforms and beyond. Karina Garcia, a YouTuber known as the slime queen who was profiled by The New York Times, has more than 9.3 million subscribers. She’s far from alone, and all those viewers mean major advertising dollars. Slime is tons of fun to play with and a great stress reliever, which is why it’s now big business.
If you don’t mind getting your hands dirty, now is a great time to launch your own slime business. There are tons of ways to make it. You’ll need some basic equipment, kitchen utensils and of course the key ingredients, including milk, water and glue. After you’ve watched some of the millions of DIY slime making videos on YouTube and decided which style fits you best, just whip up a few batches and start sharing on social media with links for purchase. Before you know it, you’ll be up to your waist in slime — but in a good way!
Four in 10 American millennials are engaged in indoor garden activities, such as growing sprouts in jars and herbs in pots, while around a third of baby boomers grow indoor plants as a way to relieve stress. If you have a green thumb and love growing your own plants, starting a gardening business and helping people garden could be very fulfilling. It’s also a fun way to turn a hobby into a money-making venture.
Starting a gardening business is relatively simple and doesn’t require a lot of overhead costs. This type of business can also be run from home. You can host in-person and virtual workshops on gardening, design or maintain gardens, and provide other services like lawn mowing or outdoor repair. It’s a good idea to research the market first and find out what your competitors are offering in order to find clients. With your passion for nurturing plants and persistence to keep going, you can easily grow your gardening business.