10+ Best & Profitable Brick And Mortar Business Ideas [2023]

Start planning your business for success in 2023 with the 10+ most profitable brick and mortar business ideas. Discover how you can get ahead of the competition, create an exciting concept and make a successful business. Learn what it takes to launch and grow your brick and mortar business!
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

Image of brick and mortar business ideas
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Hey there, future entrepreneur! It's 2023, and you're probably thinking, "In this digital age, is it still worth it to invest in a brick and mortar business?" The answer is a resounding YES! Even as we navigate the digital revolution, there's still a strong demand for physical stores. In fact, they offer unique advantages that online platforms can't replicate. Ready to dive in? Buckle up, because we're about to explore the 10+ best and most profitable brick and mortar business ideas for 2023.

Now, you might be wondering, "Why brick and mortar?" Well, despite the convenience of online shopping, many customers still crave the tactile experience of touching products before they buy, or enjoy the immediacy of taking home their purchases. Plus, physical stores are a fantastic way to build a strong, local brand presence. Intrigued? Let's turn that entrepreneurial spark into a roaring flame!

Whether you're a seasoned business owner looking to expand, or a newbie entrepreneur ready to take your first step, this article is your guide to success. We've done the research, crunched the numbers, and gathered the most promising, profit-generating brick and mortar business ideas for you. So, let's get started and turn those business dreams into reality!

Clothing Store

A clothing store is a business that sells clothing, footwear, and accessories. It can be a physical store or online shop. This can be a great business idea for a variety of reasons:

  • It can provide customers with a convenient way to buy clothing
  • It can offer a wide selection of different styles and brands
  • It can provide unique items that are not available elsewhere
  • It offers competitive pricing and a variety of discounts
  • It provides excellent customer service
image of a Clothing Store

Bookshop

A bookshop is a business that specializes in the retail sale of books. It is a great business idea for those that love books and also have a passion for customer service. Here are some of the reasons why:

  • Provides customers with an extensive selection of books
  • The ability to offer personalized advice and recommendations based on customers’ interests
  • Opportunities for hosting events, such as book clubs, author visits, or educational sessions
  • It can be a gathering place for the community to come together and discuss literary-related topic
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Examples of successful businesses:

Brick and mortar businesses have been a vital part of commerce for centuries. Many of these companies have seen tremendous success. Some notable examples include:

  • Walmart
  • Target
  • Costco
  • Kohl's
  • Home Depot
  • Lowe's
  • Best Buy
  • Apple Store
  • Sears
  • JCPenney

Furniture Store

A furniture store is a great business idea because it provides customers with an essential item for their homes – furniture. In addition, furniture stores allow entrepreneurs to leverage a wide range of creative and strategic marketing approaches to draw customers. Here are some benefits of opening a furniture store:

  • Provide customers with an essential item
  • Create a reputation in the local community
  • Can offer customization services
  • Ability to build relationships with customers
  • Can upsell additional services or warranties
  • Offer variety of payment options and promotions

Jewelry Store

A jewelry store is a retail business that specializes in selling jewelry and related accessories. Jewellery stores can range from small independent shops to large chain stores. Jewelry stores make great business ideas due to the following reasons:

  • Jewelry is a classic and timeless gift idea.
  • There are different styles of jewelry to choose from.
  • Jewelry can be personalized for customers.
  • Jewelry is relatively inexpensive and it offers excellent profit margins.
  • Being able to offer a wide selection of jewelry items increases the potential for sales.

Cafe

A cafe is a business that primarily serves coffee and other food items such as breakfast foods, sandwiches, and pastries. Cafes are typically places where people can relax, get a bite to eat, and socialize. It makes a great business idea because:

  • You can easily draw in foot traffic with an inviting atmosphere.
  • Cafes offer a wide range of foods and beverages, so you can cater to a variety of tastes.
  • Many cafes also offer additional services such as internet access or live entertainment, allowing you to draw in more customers.
  • It’s relatively low cost to start up a cafe business compared to some other types of businesses.

Pet Supply Store

A pet supply store is a business venture that offers pet-related items such as food, toys, treats, leashes, grooming supplies, and other items. A pet supply store makes a great business idea because:

  • It serves an evergreen need – people will always need to purchase items for their pets.
  • Customers who own pets will have a devoted go-to shop.
  • The store has potential for growth by way of expanding inventory and services over time.
  • It provides an opportunity to form strong relationships with customers and community.
  • It can be paired with an online presence for expansion, offer convenience to customers.

Toy Store

A toy store is a retail business that specializes in selling toys. It can be a great business idea for entrepreneurs who want to tap into the lucrative toy market and make a profit from the wide selection of toys available. Here are some advantages of starting a toy store:

  • Revenue potential from creating seasonal campaigns
  • A large variety of products available
  • Ability to specialize in niche markets
  • Opportunity to establish relationships with toy suppliers
  • Potential for steady revenue year-round
  • Opportunity to offer events and activities in-store

Sporting Goods Store

A sporting goods store is a type of retail outlet that specializes in selling equipment, apparel, and other related items related to various types of sports and exercise activities. It is an excellent business idea as it provides customers with all the necessary items they need to pursue their favorite sports and hobbies.

  • A wide selection of goods
  • Opportunity to target a specific market segment
  • Potential to differentiate services based on customer needs
  • Flexibility to focus on niche markets
  • Ability to offer competitive pricing
  • Access to a variety of supplier networks and product resources

Art Gallery/supply Shop

An art gallery/supply shop is a retail store that specializes in selling art supplies, such as paints, canvases, brushes, and other materials used to create works of art. It also offers artwork created by local artists. This type of business idea can provide an outlet for professional and amateur artists alike to show off their work and make money. Additionally, it is a great way to bring the community together and support creativity in the local area. Some advantages of this type of business:

  • Provides an opportunity for local artists to showcase and sell their work
  • Creates a space for people to come together, appreciate art, and explore new ways of expressing themselves
  • Creates a platform for young student-artists to get their start
  • Makes available high-quality art supplies at an affordable cost
  • Can be a cornerstone of the community, providing resources for events and classes

Wine Shop

A wine shop is a business that specializes in selling high quality wines from around the world. It can be a physical store, online shop, or combination of the two. Wine shops make a great business idea because:

  • It allows entrepreneurs to tap into an ever-growing luxury industry
  • The wine industry offers many unique opportunities for food and beverage pairings
  • Wine shops can attract customers from all over the world who are looking for rare and vintage wines
  • Wine shops provide great potential for profit due to low overhead costs
  • It allows entrepreneurs to build relationships with winemakers, distributors, and clients

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Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.