Boca Raton isn’t called “City for All Seasons” for no reason. Commonly known to locals by its first name “Boca,” the Southeastern Florida city truly has it all. From dining, events, shopping, and attractions, Boca Raton will keep you coming back for more. And, yet, there’s more to Boca than plain fun and enjoyment. The city is one of the most profitable places to start a business, especially for those with a healthy supply of determination and common sense.
“Due to its population and location, there are vast low-cost business opportunities one can undertake in Boca,” says long-time Miami businessman Lee S. Rosen. With its strong local economy and an overwhelming amount of tourists visiting yearly, any business can survive in Boca.
That said, here are five of the most profitable business to start in Boca Raton, FL.
1. Food Truck Business
Along with the growth of the foodie movement is the palpitating increase in rent, making it more difficult to finance a brick-and-mortar location in cities. But, a few innovative and creative people have come up a solution to this dilemma by way of food trucks.
With a food truck business, there is increased geographic versatility and low overhead. Anyone with a unique recipe can take advantage of that and start hitting the road. You can park anywhere as long as there are people, but make sure to secure the necessary permits and other requirements so you can operate without issues.
2. Errand Service
“In a busy city like Boca Raton, running errands for senior citizens and busy professionals is viable, and the market is not congested yet,” Rosen notes. The best thing about this type of business is that there are no specific skills required. You only need be efficient, quick, and of course, able-bodied. Plus, start-up capital isn’t needed for this type of business. If you need to spend on something, however, it won’t cost you too much.
What you do need is to stand out from your competition by being flexible, organized, and using effective marketing techniques. With these in mind, you can definitely provide excellent service.
3. Transportation Services
Thriving cities like Boca Raton, where visitors most likely flock, are the best areas to start a transport service. Aside from local and foreign tourists, you’ll also benefit from busy professionals that prefer not to drive to work.
What you’ll need is a good working car, your driver’s license, and be knowledgeable of Boca’s road network. Your mobile should also be with you at all times to accept client calls even when on the road.
4. Fashion Boutique
For men and women who want to start their own business, a fashion store in a commercial area in Boca can be lucrative. Requiring a small capital and the drive to sell, selling clothes and fashion accessories can provide you with a reasonable profit. To be unique, you must establish a particular niche. For example, you could start selling women’s cocktail dresses and accessories. Apart from selling new items, you can also promote your own line of handcrafted or homemade fashion accessories.
5. Mobile Electronics Repair
People these days are obsessed with mobile devices that it’s not a piece of luxury anymore. Smart phones have become a necessity. While there are a lot of repairers inside the malls of Boca, you can stand out by going mobile. An electronics repair shop may require some overhead in the form of supplies, but you can still save from not having a physical location.
“Restaurants aren’t the only businesses thriving in Boca,” quips Rosen. “Several other industries are starting to prosper because of the pro-business environment and low tax rates. It’s the perfect place for a hip, new startup.”