10+ Best & Profitable Neighborhood Business Ideas [2023]

Looking to start a business in 2023? Check out this list of the 10+ best and most profitable neighborhood business ideas to get you started! Maximize your profits and expand your reach with these innovative strategies.
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

Image of neighborhood business ideas
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Hey there, future entrepreneur! Has the idea of starting your own business been playing on repeat in your mind? Are you looking around your neighborhood and seeing potential, but you're just not sure where to start? Well, let me tell you, you're not alone. Many of us have been there, standing on the edge of our dreams, hesitant to take that first leap.

Here's the good news - 2023 might just be your year! And your neighborhood? That could be the perfect launchpad for your entrepreneurial journey. You see, the world is changing, and people are craving for more localized, community-centered businesses. It's time to turn your passion into profit, right from the comfort of your own neighborhood.

So, whether you're looking to make a career change, supplement your income, or simply bring something new to your community, you're in the right place. In this article, we'll explore over 10 of the best and most profitable neighborhood business ideas for 2023. Ready to dive in? Let's get started!

Neighborhood Cafe

A Neighborhood Cafe is a gathering place for people in a specific community, providing them with a space to socialize and access services. A Neighborhood Cafe can offer a range of services, such as:

  • A place for people to come and gather for leisure activities
  • Provide food, drinks, and digital services
  • Special events and programs
  • A meeting place for community groups
  • Selling local products or services

Making a business out of a neighborhood cafe can be an excellent way to serve the local community. It gives people a comfortable place to go and relax while giving them access to products or services they wouldn't typically find in their area.

image of a Neighborhood Cafe

Bicycle Rental Shop

A Bicycle Rental Shop is a great business idea for those looking to invest in their local community. It provides a convenient place where customers can rent bikes to explore the city, get some exercise, or take part in recreational activities like biking trails or bike races. Customers are likely to have a great experience when renting a bike from a knowledgeable and friendly staff. A Bicycle Rental Shop offers the following benefits:

  • Provides an affordable way to explore the city or nearby trails
  • Creates a safe environment for customers to rent bikes
  • Gives customers access to knowledgeable staff and bike technicians
  • Creates jobs in the community
  • Provides rental services for special events or activities
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Examples of successful businesses:

The neighborhood business industry is a thriving sector with many different types of successful businesses. Here are a few examples of successful companies in the industry:

  • Hardware store
  • Bakery
  • Coffee shop
  • Toy store
  • Grocery store
  • Pharmacy
  • Beer garden
  • Flower shop
  • Butcher shop
  • Farmers market

Beauty Salon

A Beauty Salon is a business that provides a variety of cosmetic treatments and beauty services for clients. These services can range from haircuts, styling, colouring, manicures, waxing, facials, and other facial treatments. Some salons offer more specialised services such as permanent makeup and makeup application. A Beauty Salon can provide a valuable service to its customers while providing a great way to make money.

  • A Beauty Salon offers a range of services to meet customers' needs.
  • It also provides convenience and comfort for customers who may not feel comfortable visiting a full-service salon.
  • A Beauty Salon is relatively easy to start up and can be quite profitable depending on the type of services offered.
  • It can be run as either an independent or part of a larger franchise network.
  • Good customer service is essential for any successful Beauty Salon business.

More resources:

Dry Cleaning Service

A Dry Cleaning Service is a business that specializes in the cleaning of garments, fabrics, and other materials without the use of water. It is a convenient and reliable way to clean and care for items that need special attention such as wedding dresses, formal wear, suits, outerwear, and other delicate materials. Dry cleaning services offer customers the benefit of:

  • Speedy service - often same-day service
  • Superior cleaning process that preserves the fabric’s quality and colour
  • Free pickup and delivery service from customers home or office
  • Discounts, coupons, or promotions to attract more customers
  • Using eco-friendly cleaning solutions where possible

For these reasons, a Dry Cleaning Service can be a great business idea as it provides a convenient and cost-effective solution for customers who need to have their items cleaned professionally.

Pet Grooming

Pet Grooming can be a great business idea for pet owners and animal lovers. Pet Grooming entails bathing, brushing, nail clipping, ear cleaning, and other necessary services to keep pets looking their best. The benefits of professional pet grooming include:

  • Preventative medical care – regular grooming can help detect issues before they become more serious
  • Happier and healthier pets – regular grooming helps them stay clean and prevents fleas, ticks, mats, and other potential skin issues
  • More pleasant interaction – groomed pets are more comfortable around people
  • Time savings – instead of spending hours trying to do the job yourself, you can leave the task to professionals

Related business ideas:

Home Maintenance Service

A Home Maintenance Service would involve providing repairs and ongoing maintenance for home owners. This type of service could make a great business idea for several reasons:

  • It caters to a wide range of people – from young couples that recently bought their first home, to seniors that need help with maintenance tasks.
  • It offers an opportunity to specialize in areas such as plumbing, carpentry, roofing, painting, etc.
  • It is an essential service that clients need on a regular basis.
  • It has the potential for expansion and growth as the business increases its client base.

Local Grocery Store

A Local Grocery Store is a business concept where customers can purchase their everyday grocery items in a physical store, or online. It would make a great business idea due to the following reasons:

  • Customers can purchase groceries in-person, providing them with convenience.
  • A local grocery store can provide fresh products that customers may not be able to find elsewhere.
  • Local stores have the benefit of engaging with their customers and building relationships.
  • It gives customers the confidence of knowing their food is safe and of high quality.
  • It offers an easy way for customers to save money on groceries by comparing prices.

Art Gallery

An Art Gallery is a business venture that specializes in the display and sale of artworks. It can be an independent gallery, or it can be part of an existing museum or store. Some galleries even offer educational programs and workshops. Art Galleries are an interesting business idea as they offer:

  • A unique way to display and sell artwork
  • Educational programming opportunities to increase visibility and attract more customers
  • Access to a wide range of customers through different channels such as social media, online stores, etc.
  • The potential to build long-term relationships with customers by hosting events and activities
  • The potential to make a profit through sales of the artwork displayed

Custom Clothing Store

A Custom Clothing Store is a business venture that specializes in providing customized apparel and accessories for customers. This type of business has the potential to become very profitable because it offers something unique, allowing customers to create garments that reflect their own personal styles and preferences. There are several advantages to investing in a Custom Clothing Store, including the following:

  • High level of customization – enables customers to create apparel that is unique and tailored specifically to their needs.
  • Low overhead costs – with no need to purchase a large inventory of pre-made clothing items, startup costs are kept low.
  • Increased customer loyalty – due to the personalized nature of custom clothing, customers will be more likely to return for future purchases.
  • Potentially high margins – custom clothing generally commands higher prices than generic apparel items, allowing for increased profitability.

Video Rental Store

A Video Rental Store is a business where customers can rent movies, TV shows, and other video media on physical formats such as DVDs and Blu-Rays. It's a great business idea because:

  • It has become a popular way to watch video content on multiple devices, including TVs and computers.
  • It is often cheaper than buying or streaming content from websites or subscription services.
  • It provides customers with access to more niche or harder to find titles.
  • It can serve as a hub for local film makers and independent distributors.

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We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

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.