10+ Best & Profitable Repair Business Ideas [2023]

Looking to start a new repair business? Check out our list of the 10+ Best & Profitable Repair Business Ideas in 2023. From Home Appliance Repairs to Mobile Phone Repairs, get ready to take your business to the next level in 2023!
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

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Hey there, future entrepreneur! Have you ever considered turning your knack for fixing things into a profitable business? Well, you're in luck! The year 2023 is going to be a game-changer for the repair industry. With the right idea, you can turn your passion into a lucrative venture. But where to start, you ask? Don't worry, we've got you covered.

Imagine this: You're your own boss, setting your own hours, and most importantly, doing what you love. Sounds appealing, right? Well, it's not just a dream, it's a reality that is within your reach. We're here to help you grab hold of that reality and make it your own.

Whether you're a tech whiz, a car enthusiast, or a handyman (or woman!), there's a repair business idea out there that's perfect for you. So, buckle up and get ready to dive into our list of the 10+ best and most profitable repair business ideas for 2023. Let's turn that dream into a plan, and that plan into a reality. Let's get started!

Auto Repair

Auto repair is a business that provides repair and maintenance services for vehicles. It can be a great business idea for those who have an in-depth knowledge about cars and their components, as well as a good eye for identifying and diagnosing issues. The key advantages of auto repair businesses are:

  • Provide a valuable service to customers
  • High demand potential due to growing car ownership
  • Significant potential for profits
  • Creating jobs in the community
  • Opportunity to build relationships with customers
image of a Auto Repair

Bicycle Repair

Starting a bicycle repair business can be a great way to help people keep their favorite ride in top condition while earning a living. Bicycle repair shops offer services that range from basic tune-ups to deep maintenance and repairs, making them an indispensable part of the cycling community. Whether you’re a long-time bike enthusiast or are just getting into the business, starting a bicycle repair shop is relatively easy and inexpensive.

  • Low startup costs
  • Skills can be learned online or in person
  • An existing community of customers
  • Initial equipment and supplies can be kept to a minimum
  • No major qualifications or special licenses needed to begin
  • Scalable income potential
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Examples of successful businesses:

The repair business industry is a highly competitive market filled with many successful companies. Below is a list of some exemplary companies that have achieved great success in the repair business:

  • Best Buy Geek Squad
  • Geekatoo
  • iFixit
  • PC Repair Services
  • Computer Electronic Solutions
  • Bridge Computer Solutions
  • Focal Point Data Recovery
  • PC Express Repair
  • Fix-a-Phone
  • Computer Repair Doctor LLC.

Appliance Repair

Appliance repair is a service business that involves the maintenance, diagnosis, and repair of household appliances. Common appliance repairs include washing machines, microwaves, refrigerators, stoves, and dishwashers. Appliance repair is a great business idea because:

  • It can be very lucrative;
  • The skills required for the job are easily acquired;
  • The overhead costs are relatively low;
  • It provides an excellent opportunity for repeat business; and
  • It allows for a great deal of customer interaction.

More resources:

Computer Repair

Computer repair is a great business idea for those who are tech-savvy and enjoy problem solving. Computer repair services provide customers with technical support and repair services for their computers, laptops, tablets, and other digital devices. There are a number of benefits to starting a computer repair business:

  • You can create a flexible schedule.
  • You can help customers fix their own technical difficulties.
  • You can leverage existing knowledge of computers and technology to quickly diagnose and solve customer issues.
  • You have the potential to make good money.
  • You have the ability to expand skillset, potentially by learning how to develop, maintain, and repair software.

Furniture Upholstery

Furniture upholstery is a cost effective, customisable and great way to update and customise furniture. It can be a great business idea for those looking for a creative and hands-on way to make money. There are many benefits to starting an upholstery business, such as:

  • Low startup costs
  • Ability to work from home or other small scale workspace
  • The opportunity to own your own business
  • A source of ongoing income as customers return to have more pieces refinished and refitted
  • The ability to work with a wide range of fabrics and materials
  • The potential for high returns

Related business ideas:

Phone Repair

Phone repair makes a great business idea because it meets a need in the market. Repairing phones can be a profitable venture, with more and more people needing their phones fixed due to damage, wear and tear, or other issues. Here are some of the advantages of starting a phone repair business:

  • A steady source of income: With so many people needing phone repairs, there is always demand for services.
  • You can choose your own hours: If you're starting out with a phone repair business, you'll be your own boss and can decide when to work.
  • Low startup costs: You don't need to buy a storefront or expensive equipment to start your business.
  • You will gain experience in repair skills: Investing time in learning how to fix different models of phones will give you an edge over other businesses.

Sewing Machine Repair

Sewing machine repair is a great business idea for those who are skilled at repairing sewing machines and have experience in the sewing industry. It can be a great way to capitalize on a skill to make some good money. Here are some advantages of this business idea:

  • Provides a service that is helpful to those who own sewing machines and machines
  • Can offer additional services besides repair, such as cleaning and maintenance, or even lessons on how to operate a machine
  • Can build a customer base that appreciates your work and can provide repeat business
  • Income potential is strong when you have the right knowledge base and tools
  • You can offer more specialized services if you choose to become certified by a company or organization like Singer or Brother.

Alternator And Starter Repair

Alternator and starter repair can make a good business idea as it can be a reliable source of income. There are several advantages to this type of business:

  • It has a steady demand, as alternators and starters are parts that need to be replaced or repaired from time to time.
  • The cost of the equipment needed for repairs is not prohibitively expensive.
  • The business can even grow to include many more types of services, like transmission, engine, and brake repair.

Hvac Service And Repair

HVAC service and repair is a type of business that provides maintenance and repairs for heating, ventilation, and air conditioning systems. HVAC professionals inspect and troubleshoot complex systems for homes and businesses, as well as install new systems. HVAC service and repair is a great business idea for those who are well-versed in the technology and like working with their hands. This type of business offers several advantages:

  • It offers great job security as HVAC systems will always need to be serviced or repaired.
  • It also offers potential to earn high income.
  • It can be run in any area with the right certifications.
  • It can offer additional services such as indoor air quality assessments.

Automotive Detailing

Automotive detailing is a specialized form of cleaning wherein the exterior and interior of a car are carefully washed, waxed, and vacuumed with attention to detail. Automotive detailing can help make sure that a vehicle looks as close to showroom new as possible. As such, it can make for a great business idea as it involves providing a service people are eager to pay for.

  • It's an attractive service
  • People are willing to pay for high-quality detailing
  • You can find the necessary supplies online
  • You can outsource some of the labor for larger projects
  • You have a potential for repeat business from existing customers
  • It's an easy way to get your foot into the door of vehicle owners
  • The profit margins can be high if you set up your pricing model correctly

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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.

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