Are you ready to roll up your sleeves and enter the hustling, bustling world of entrepreneurship? Discover some of the most in-demand businesses for sale in 2016 and which industries are the most profitable. You may just find your calling!
1.) Healthy Fast Food
As healthcare continues to advance, people are becoming more and more knowledgeable about the way our decisions impact our bodies. As a result, many have become increasingly observant of the food they are consuming – yet cooking healthy doesn’t always fit into a hectic schedule.
Healthy fast food and dining options have exploded in recent years to meet the needs of the increasingly health-conscious public. Several of the fast food chains that have and continue to do well in 2016 are Panera Bread and Chipotle Mexican Grill, healthier alternatives to the typical hamburger joint.
2.) Health Clubs and Fitness Centers
In addition to eating healthier, people are placing a strong emphasis on staying active. No longer are we in the days of Richard Simmons and Jane Fonda workout tapes. Now, the health club industry is booming with new types of health clubs – and it’s all about the experience. Not only are fitness centers helping people reach their fitness goals, but they are also creating a fun, social environment to encourage members to try new workouts and enjoy the burn!
Fitness centers that have been most successful are the ones that are taking a new approach to fitness. Some franchised gyms that are flourishing include Orangetheory Fitness, Pure Barre, and CorePower Yoga.
3.) Social Media Consulting
As social media continues to gain traction among people of all generations, it is critical that companies participate in order to remain relevant. But what happens when a company doesn’t have the resources or know-how to maintain social media accounts? After all, there are so many outlets and so little time.
Many businesses are outsourcing their social media to professionals with a background in Internet marketing and social media services. In order to help companies reach new audiences through outlets such as Facebook, Twitter, Pinterest, Tumblr, and Snapchat, a number of social media consulting companies are emerging.
4.) Senior Services
As life expectancy continues to increase and the baby-boomer generation begins to age, there is no shortage of customers in need of senior services. Because many seniors are unable or uncomfortable leaving home, there are a variety of opportunities to service the elderly. From in-home salon services and errand services to home management and more, there are a number of small businesses that flourish in this industry.
5.) Real Estate Offices
Although the real estate market is heavily dependent on the condition of our economy, the industry is extremely profitable right now. According to Sageworks, the average net profit margin for a real estate office was 15.19% between September 2014 and August 2015. If you’re looking for a business with high profitability and low operating costs, owning a real estate office might be an opportunity for you to consider in 2016.
6.) Environmental Consulting
As consumers become more eco-conscious and businesses are forced to comply with a growing list of environmental regulations, the environmental consulting industry is ramping up. In order to ensure business practices are in accordance with the latest environmental regulations, many businesses hire environmental consultants. If you’re looking for a business that is steadily growing, as well as making a positive impact on the environment, environmental consulting might be the perfect business opportunity for you!
7.) Smartphone Repair Services
We live in a world where smartphones are practically glued to our hands. When a gadget breaks, it impacts our productivity and ability to communicate with others. Unless you have phone insurance, it can be extremely costly to replace your device. Instead of spending an arm and a leg on a replacement phone, smartphone repair shops have emerged. Oftentimes, smartphone repair companies are able to fix smartphones quickly and at a fraction of the replacement price.
Companies such as CPR Cell Phone Repair and uBreakiFix have locations nationwide that service not only smartphones, but tablets, laptops, and game consoles as well. As smartphones have become somewhat of an addiction for many people, the smartphone repair business is looking like a great 2016 business prospect.
8.) Pet Related Services
Animal lovers are crazy about their pets – they’re part of the family after all! With that said, it’s a safe bet that any pet related business is going to flourish. From veterinarians’ offices and dog walking services to dog spas and doggy day camps, there are endless ways to enter this industry.
Be sure to think outside of the box! DoodyCalls is one of the many unique (and smelly) franchise opportunities in the pet service sector. According to its site, DoodyCalls is a “dog pooper scooper service for your yard, cat litter box cleaning, patio/deck deodorizing, as well as pet dog waste station set up and maintenance for communities.” With hundreds of millions of animals in the United States, its safe to say there is enough “business” to go around.
9.) Design Services
Companies are always trying to put their best foot forward, so it should come as no surprise that businesses are willing to spend some serious money to ensure their website, office, products, advertisements, and office space look modern and professional. From graphic design and web design to industrial design and interior design, the design services industry is thriving! In fact, Entrepreneur.com suggests that the design services sector is among the top 15 most profitable small business industries in 2016, with an average net profit margin of 11.4 percent. If you have an eye for design, explore business opportunities in this exciting industry!
10.) Translation Services
In an increasingly connected world, people of different backgrounds need a way to communicate with one another – cue translation services. International businesses pay big bucks for dual-language speakers, especially as companies continue to expand into new countries. According to IBISWorld, businesses will continue to grow internationally over the next five years; that means new marketing materials, a translated website, and new dual-language relationships.
If any of the above in-demand businesses and industries for 2016 interest you, take the next step and learn more! Contact your local Sunbelt Business Brokers office and we would be happy to help you find a business in any of the above industries. With more business listings than any of our major competitors combined, we’re sure to have an opportunity that will interest you!