Thinking about various startup ideas is crucial if you plan to start a business in Tampa. You want to analyze the market and figure out the most lucrative industries. Additionally, looking at the entire process from the angle of finding a commercial property and picking the best location to benefit your business is essential. With that in mind, here is everything you need to know about the opportunities for profitable startups in Tampa!
Real estate development
Tampa is an ideal location for real estate development because the city is rapidly growing. There is an increased demand for commercial properties and housing and mixed-use developments, making the real estate business a profitable venture.
If you purchase a commercial property in a top location, you can do a full remodel and turn it into commercial or residential property. Whether you rent or sell it, you will make a substantial profit. Small businesses need commercial property, so this line of business has a lot of stability.
The best opportunities lie in desirable locations like Tampa, Ybor City, or Hyde Park. All that you need to make sure that the property has the correct type of zoning permit necessary for whatever you are trying to achieve.
Craft brewery businesses are among the profitable startups in Tampa
Regarding the craft beer scene, Tampa takes the lead in the area! The city is sprinkled with popular breweries, such as Cigar City Brewing, Coppertail Brewing Co, and Angry Chair Brewing. That is a very lucrative market because people like to support local businesses and enjoy quality domestic products.
If you want to tap into this market, you only need a good location to help you spread your business’s awareness quickly. Look into hip neighborhoods or areas that are close to tourist attractions. A couple of examples include:
- Raymond James Stadium
- Busch Gardens
- Tampa Riverwalk
Also, research your options, especially when buying vs. leasing a commercial property. Furthermore, consider commercial properties that have all the necessary amenities. The ones you should focus on should be equipped with brewing equipment, enough storage space, and space for the taproom.
Open a health and wellness center
Health and wellness trends are on the rise everywhere. People are paying more attention to their health and well-being through eating better and exercising. That is why the health and wellness industry has great potential, especially in a city like Tampa.
Look into high-traffic and high-visibility locations such as South Tampa, Downtown, or the Westshore Business District. When finding the best commercial property for wellness or a yoga studio, you want one with access to parking space.
Food truck business
Food trucks are trendy, not just in Tampa but all over Florida. This clever idea for a “restaurant on wheels” is lovely, especially for a younger audience. That is why it has so much potential. Food trucks in Tampa serve everything from barbeque to tacos, desserts, and all sorts of tasty foods and beverages.
Here is where you need to decide whether you just want to purchase a food truck or you also need a commercial property to act as your primary business location. You will need a place to store food and prepare everything before loading it into the truck.
Another massive benefit of starting a food truck business is that you are not tied to a specific location. You just need to drive to where the crowd is. Visit places like famous beaches, campus grounds, or tourist attractions. It is also perfect for advertising on social media because people can follow your current location and follow you across town.
An eCommerce business in Tampa sounds like a very profitable idea. The city is home to diverse industries, with the most popular ones including healthcare, technology, and finance. Furthermore, it is a top tourist location in Florida. Aside from that, eCommerce businesses are generally trendy due to the recent COVID-19 epidemic.
If you decide to open an eCommerce startup, besides thinking about financing options, you must also consider what type of property you need besides considering your financing options. You want to find a suitable commercial property with enough warehousing space and access to a parking lot. On top of that, it must be close to major highways and shipping hubs. Those are all the requirements for building an efficient distribution center to support your eCommerce business.
Renting space for events
Another profitable idea for a startup is renting space for events. The reason why this is a good idea is that you can rent one location for a variety of situations:
- Corporate events
- Various special events
The best commercial property for this type of business is a large banquet hall, enough outdoor space, access to parking, a rooftop terrace, and necessary amenities such as audiovisual equipment, restrooms, etc.
Moving your startup to Tampa
Besides starting a business in Tampa, you may also decide to move your existing company. In this case, looking for the correct type of commercial property is necessary. That will heavily depend on the type of your business. But you can get an idea of what you need based on our suggestions.
Furthermore, City Movers also advise hiring a professional moving company to help move your business. That is necessary to ensure the continuation of your business processes during the transition. That way, you can focus on running your business while the moving company takes care of the relocation.
Profitable startups in Tampa explained!
As you can see, many different ideas exist for profitable startups in Tampa. It all depends on what type of business you want to start. Additionally, the type of business you choose will determine the commercial property you need to acquire. As we mentioned, ensure that your property has the correct zoning permit for your business. Clean documentation is necessary to ensure a successful and legal business.