These 8 retail business ideas can prove beneficial for small towns
Retail business surely promises huge return on investment for entrepreneurs in Tier I and II cities. But small towns are no less of a profit ground when it comes to retail. Here are 8 retail business ideas for small towns.BY Madhushree Chowdhary | May 21, 2018 | comments ( 0 ) |
Coffee shop in the neighborhood
The small towns will be a perfect place to open coffee shops. The neighborhood shops will be ideal for the youth. The current entertainment channels showcase the prevalence of coffee shops. The youth admire the fact of having a coffee with their friends. It will be a lucrative idea and can be enhanced in the near future with other inclusions.
The small towns are close to the farms. It means that the supply of vegetables, fruits, and other daily products directly from the market will be abundant. It can be used as a perfect business idea to provide a venue for fresh kitchen ingredients.
Diner or eatery
The current trend of eating outside once in a week has touched the families in the small towns also. Prepare an exotic menu of delicacies and cater them to the local palette. For an instance, low-priced burgers, sandwiches, pizzas, and other exotic preparations will be a lucrative business to start in a small town. The pricing of the items should be local so that you can create an impact. Once the business starts rolling, you can enhance the plan and create a specialty restaurant in the same town as a signature development of your brand.
Needless to mention, the professionals working in the cities return home late and are in the dire need of homemade food. This is the best among the retail business ideas for small towns where you can cater homemade food to the busy professionals or regional offices. This idea requires less investment and can be kick-started using the local cooks to prepare and deliver food.
The home essentials or decorative items can prove to be a good idea to act upon. The demand for handicrafts will never go down. You can research and contact the local craftsmen to avail the products. Create a proper channel through which the small town residents can find the handicraft items at a low price. You can take this business online also and make a mark.
Smart phone shop
Everyone is fascinated with the smart phones these days. Opening a smart phone shop is a lucrative business idea you can exploit. Research the local market to find the most prevalent brands and take a franchise. It will be easier to finance and set up a shop.
Beauty and wellness
Both men and women are fascinated about beauty and wellness. Now is the right time to venture into a beauty and wellness salon for men and women. The increase in disposable income will support the decision. You can purchase a franchise or start your own salon. Find out the need of such salon and decide the budget for a small town venture. Revolutionize your services by adding grooming, bridal makeup, makeover, etc. You can also add a cosmetic store with it to sell branded products.
As mentioned earlier, the population is becoming more and more aware of health and wellness. Opening a fitness center, gymnasium, or a yoga center will be a lucrative idea.
These are the best retail business ideas for small towns you can go with. do your research and find out the competition before indulging in starting a particular business.
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