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12 Best Business Ideas In Vermont

Written by:

Edited by:

Reviewed by: Daniel Javor

Published on October 28, 2022

Updated on November 12, 2022

12 Best Business Ideas In Vermont

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12 Best Business Ideas In Vermont

Vermont may be one of the smallest states in the US by area, but it has a robust manufacturing sector that includes breweries and logging companies. Other major contributors to economic growth are tourism, thanks to its lush forests, and agriculture, which include over 700 dairy farms.

Aside from breweries, business opportunities in this Green Mountain state include frozen food, ice cream, and coffee roasting. We’ve listed more business ideas in Vermont that could inspire you to take the first step in your entrepreneurial journey. 

1. Frozen Food

How to start a frozen food business

Frozen foods are a growing $35 billion industry, and there’s no reason you can’t get a piece of the pie. Get it? Pies will likely be among the frozen foods you’ll offer as part of your business, along with cakes, ice cream, pizzas, sausages, and seafood. Or you might decide to focus on a single segment or market niche, such as healthy dinners. 

Either way, a crucial step to getting your frozen foods firm up and running will be ensuring you obtain all the necessary licenses and permits for a food business. The last thing you want is to wrack up hefty fines and possibly face being shut down for violations. 

One great advantage of a frozen foods business is that you can run the business almost entirely from your home. With delivery apps, the groceries will come straight to your door. You can cook up all your offerings in your kitchen before freezing them, lay out the full menu on your appealing website and finally ship your goods directly to customers. The hard part will be standing out from the competition, and that’s where the entrepreneur in you will need to make her mark.

2. Restaurant

How to start a restaurant business

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.

3. Brewery

How to start a brewery business

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.

4. Go-kart Business

How to Start a Go-kart Business

Are you looking for a fun and exciting business to start? Look no further than a go-kart business! Go-karts are a great way to get your adrenaline fix while also making some money. Go-kart businesses suffered losses in the last few years, considering that go-kart racing is a discretionary expense for consumers. But as the economy recovers and consumers spend more on leisure activities, go-kart racing tracks in the US are expected to earn more than $115 million in 2022 and enjoy higher earnings through 2026. 

To set up your own go-kart track, you will need to explore financing options to acquire go-karts, safety equipment and a property that is accessible. You can start small and offer just a few go-karts. It’s easy to expand once you have increased your client base. You will also need to build a team of mechanics and other staff, prepare a business plan that includes an effective marketing campaign, and make sure to comply with insurance, zoning and other regulations.

5. Drug Testing

Drug Testing

Starting your own drug testing business can be a great way to help keep the community safe and make money at the same time. The global drug testing market is projected to grow 5% annually through 2028. It’s a huge market, with a value of $8 billion in 2020, due to stringent government regulations that require alcohol and drug screening as safety  measures. The rising incidence of substance abuse worldwide is also fueling demand for drug screening services. 

You will need a considerable amount of investment to establish your drug testing business. Make sure you have available funding sources, a sound business and financial plan, modern equipment, and enough supplies. Besides complying with the applicable laws and regulations, your drug testing laboratory must also be accessible and charge reasonable rates. You will also need to build your brand by ensuring a reliable testing process with no room for errors. Achieving this will help make your drug testing business a success.

6. Health Care Service

How to start a home health care business

Thinking of setting up a health care business? You’re on the right track. Demand for health care services is on the rise mainly due to an aging population in the US. By 2030, the number of American adults age 65 and older is forecast to exceed 60 million. This means increased health care spending. Which segments are booming, you might ask. Profits are growing fastest in medtech and health care information technology (IT). 

So what are you waiting for? Now’s the time to start a health care business. Take the first step by finding a niche that you can focus on. Make sure you have the necessary permits and licenses, whether you’re thinking of starting a medical practice, home health care company, or something else entirely. You’ll also need to decide on a value proposition that will set you apart from the competition and make it easier for you to promote your business.

7. Ice Cream Making

How to start an ice cream business

Did you know that the average American consumes nearly half a pound of ice cream per week? People really do scream for ice cream, and that craving is not going away anytime soon, which is why it’s always a good time to start an ice cream business. 

There are a few key steps to getting started the right way. You’ll need to find the highest-quality ingredients, outfit your kitchen with the right equipment and come up with a few inventive, appealing flavors. And you’ll also need to meet the licensing and safety requirements for food products. But once you’ve got that down, you can offer your goods online, do a bit of marketing and start selling to ice cream lovers around the country, and around the world. Soon enough you’ll be opening enough stores to challenge Ben & Jerry.

8. Boba Tea

How to start a bubble tea business

Coffee, tea or boba tea? Boba tea, also known as bubble tea or milk tea, is increasingly becoming popular among young consumers. This Taiwanese cold drink is made by blending tea with milk, adding tapioca or boba pearls, and shaking vigorously. Starting your own boba tea business is a great idea! The boba tea market in the US is worth about $1 billion and still growing. There’s definitely room for more boba tea shops.

Starting a boba tea business requires compliance with various regulatory requirements. On top of the FDA regulations, there might be other federal, state and local requirements that you will need to meet. Check with your local authorities before you launch your business. 

You will also need to choose a good location for your boba tea shop, one with high foot traffic volume or anywhere close to your target market. With a reliable supplier and an excellent marketing strategy, you can be on your way to owning a successful boba tea shop.

9. IT Consulting

How to start a consulting business

As our world becomes increasingly digital, it’s no surprise that more and more businesses need guidance and insight on how to adapt and take advantage of this new technological landscape. This helps explain why IT consulting in the United States has been growing fast and is already worth more than half a trillion dollars. The industry is expected to expand further in the years ahead, which means now is a fantastic time to start your own IT consulting firm and get in on the action. 

The crucial element is expertise. If you have a computer science, IT or engineering degree and have spent a few years doing related work at a respectable consulting or tech firm, you have the resume needed to become an IT consultant. You’ll need to build a strong website and register your business, but you could soon be offering your tech insights to top businesses. Provide quality consulting for the first few clients, and you’ll be well on your way to building a reputation, getting some referrals and being a successful entrepreneur.

10. App Development Business

App Business

Did you ever think about how often you use mobile apps? Probably many times a day, which is why apps are among the world’s fastest growing industries. The global app market is worth more than $465 billion and expected to expand nearly 40% by 2026. If you have some tech skills, you could start your own app business and ride that growth to great success. 

Getting there, however, will not be as easy as unlocking your phone. First, you’ll need a great idea for your first app. If you’ve already got that, you’ll need to do the build out and coding, then have the app vetted and approved by major app outlets, like Apple and Google. And that’s when the real work begins — convincing smartphone owners that your app is more appealing and valuable than the millions of other apps competing for their attention. 

You might think that’s the easy part, but many entrepreneurs make that same mistake. Even the most brilliant apps need a well-executed marketing strategy to take off. Any fool can make an app. The hard part is getting people to use it.

11. Podcast

How to start a podcast

The number of Americans who listen to podcasts is seen to increase by around 5 million each year through 2024. Most of the podcast listeners are millennials and their most preferred podcast providers are Apple iTunes and Spotify. Podcasts are digital audio files that are used mostly for entertainment. These can also be used for educational purposes as well as for branding and raising awareness of major issues. 

Starting your own podcast can be daunting, but if you can get your podcast on iTunes or Spotify, you can immediately engage millions of people not only in the US but also worldwide. Podcasts on iTunes may be streamed or downloaded on Apple devices while those on Spotify are available on both Android and iOS, desktops, smartphones, smart TVs and even gaming consoles. 

Submitting your podcasts for upload on iTunes or Spotify is easy, but the challenge is getting an audience to listen to you since you’ll be competing against popular podcasters with tens of thousands of loyal listeners.

12. Coffee Roasting

How to start a coffee roasting business

Is there anything better than the smell of freshly roasted coffee beans? You could be taking in that smell all the time, and making a good living, with your own coffee roasting business. Coffee is consumed around the world, and thanks to gourmet cafes like Starbucks, these days people are willing to spend to get their daily fix. 

Getting started is probably not as hard as you might think. The crucial first step is finding a great source for your green coffee beans. This can be a challenge, as you do not want to sacrifice taste for sustainability. You want your beans to be farmed and sold under fair trade principles. And finally, they should be rare enough so that everybody clamors for your beans because they can’t find them anywhere else. Once you’ve found a source that checks all these boxes, your coffee roasting business will be on the fast track to success!