Profitable business ideas in residential areas
Undoubtedly, sleeping areas are great places for doing business with a lot of pedestrian traffic and convenient infrastructure for both buyers and businessmen. Commercial real estate lease is an excellent solution, in most cases, guaranteeing a stable profit.
However, it should be borne in mind that shopping centers and other service establishments in residential areas are most visited in the morning and evening. In addition, the business idea should be focused on the needs of customers, that is, to provide the goods and services that people need most at the beginning and at the end of the working day. Let’s take a look at the most popular ones.
As a rule, the majority of the working population does not have the time, and sometimes the desire, to cook. Thus, small bars, cafeterias and bistros, where you can buy ready-made meals or delicious pastries, will be in great demand.
Grocery and household goods stores
Renting premises for a grocery store in a residential area is almost a win-win option, especially with the right place and a well-formulated pricing policy. The sale of household chemicals and other household products in close proximity to residential areas is no less profitable. The constant demand for this type of product will provide a stable daily demand. Often, food and household goods are combined in one room. In the evening, these shops are overcrowded with visitors.
Quite often, the idea of renting commercial real estate for organizing small beauty salons or outlets that provide services for photocopying, printing, repairing clothes and shoes turns out to be a winning one. Also, on the basis of such an institution, you can organize a small store selling related products (cosmetics, stationery, etc.). With a well-chosen location and high professionalism of the employees, such a point will bring regular income.