27 Best Business Ideas For Women 2024


July 13, 2023

27 Best Business Ideas For Women 2024

Did you know that 42% of small businesses are started by women? But wait—it gets better! Female business owners break the glass ceiling by earning more revenue and growing businesses faster than men. That’s why we created a list of the best business ideas for women.

These business ideas cover the full span of the U.S. economy, showing that the ladies can do anything men can do—and often, they do it better! 

3 Best Business Ideas For Women

women in business attire with piles of cash

#1. Real estate

Average Annual Revenue: $298,870
Average Profit Margins: 44.6%
Startup Costs: $500-$5K
Time To Revenue: 1-3 months
Annual Market Growth Rate: -0.3%
Best for: strong saleswomen and negotiators, female entrepreneurs who want a passive income


If you want to pick up on strategies and methods to get into the real estate business, watch how Thach Real Estate Group became a successful business through the learnings and experience of the founder, Thach Nguyen.

Two of the largest real estate companies in the U.S., Howard Hanna and Perry Homes, are owned by women. If you have financial resources, investing in real estate is among the best business ideas for women who want to grow their company to 7 figures and beyond.

Multi-unit residential properties are among the most reliable recession-proof investments available. That’s where Emma Powell built her company, which today manages more than 300 units and earns revenue of over $25,000 a month. Listen to her podcast interview below to hear how she got started in investing: 

#2. Restaurants

Average Annual Revenue: $1,177,860
Average Profit Margins: 4%
Startup Costs: $100K-$3.5M
Time To Revenue: 6-18 months
Annual Market Growth Rate: 0.2%
Best for: foodies and cooks, people with strong customer service and time management skills, effective leaders, managers, and motivators


Opening a restaurant is a risk, but it’s one that can pay off big time. The female-owned Panda Express chain of restaurants had revenue over
$4.5 billion in 2022, for example. The industry as a whole was projected to reach $997 billion in 2023, so there’s plenty of revenue to go around in this industry. 

For those who don’t have the financial resources to open a brick-and-mortar business, food trucks are great business ideas for women. Jen Gustin started Boss Mama’s Kitchen to break free from her corporate job and become her own boss. Two years later, she was named Food Truck of the Year by South Sound Magazine. Hear how she grew her business in this video:

#3. Human resources

Average Annual Revenue: $216,855
Average Profit Margins: 10.2%
Startup Costs: $500-$5K
Time To Revenue: 1-3 months
Annual Market Growth Rate: 1.4%
Best for: system-driven and organized entrepreneurs who are strong leaders and communicators


When Janice Bryant Howroyd started her human resource management company, she only had $1,500 to her name. Now, it’s a
$2.5 billion firm with more than 17,000 clients around the world. 

What makes HR one of the top business ideas for women is that it’s always in demand. Every company needs employees to function, and managing that team is a challenge for many entrepreneurs. If you excel at communication, leadership, and organization, you can make a good living helping them solve that challenge. 

Jessica Miller-Merrell started her HR firm, Workology, in 2005, and has gained national recognition, being honored by Forbes as one of the top recruitment resources. Hear her story and advice in this podcast:

3 Manufacturing Business for Ladies Ideas

#1. Build custom sheds

woman wearing red tshirt showing portable shed at her back

Average Annual Revenue: $696,950
Average Profit Margins: 3.4%
Startup Costs: $1K-$100K
Time To Revenue: 1-6 months
Annual Market Growth Rate: -1.3%
Best for: designers, makers, and builders, people with strong visualization, problem-solving, and sales skills


If you’re looking for fun business ideas and love building things, a small business making custom sheds can be a great way to earn money. While you will need some construction knowledge and permits, the licensing requirements are less stringent than with full home construction, giving it a lower barrier to entry. 

Susan Frair drew on her expertise in sales when she started Shed Gal, and in a few short years, grew to the number one shed dealer in the state of Washington. You can learn more about her business model and how she finds business opportunities in this video:

#2. Make your own beauty products

Average Annual Revenue: $1,489,574.8
Average Profit Margins: 5.7%
Startup Costs: $500-$250K
Time To Revenue: 3+ months
Annual Market Growth Rate: 1.2%
Best for: make-up artists, beauty influencers, cosmetic chemists, hair and skin care experts


The manufacturing segment of the beauty industry is massive, valued at
$49.7 billion in 2022. There are still plenty of underserved niches in this market, too, and if you have ideas for products to fill them, it can be a very lucrative business idea. 

Charmaine Nicole started her small business, Black Hair and Skincare, based on her own struggles to find beauty products designed for people with alopecia. She’s grown it not just into a successful business, but also a community for people of color around the world. Learn how she started and grew her business in this podcast interview:

#3. Start your own shoe or clothing line

Average Annual Revenue: $114,700
Average Profit Margins: 10.3%
Startup Costs: $500-$250K
Time To Revenue: 3+ months
Annual Market Growth Rate: 2.0%
Best for: fashionistas tuned into fashion trends, designers, and artists with strong sales and marketing skills


The fast pace of change in the fashion industry is both a challenge and an opportunity for female entrepreneurs. On the negative side, it can make sustaining your own business a challenge. That said, the fashion world is always looking for what’s next, and that makes a clothing or shoe line good business ideas for women able to anticipate these trends. 

Afshan Abbas was inspired to start a new business, Fuchsia Shoes, after buying a unique pair of artisan shoes in Pakistan. That proved to be a lucrative business venture, especially once she partnered with online influencers. Hear her full story in this video:

3 Online Business Ideas for Women

#1. Start an online store

Average Annual Revenue: $60K-$120K
Average Profit Margins: 5-15%
Startup Costs: $100-$10K
Time To Revenue: 30-90 days
Annual Market Growth Rate: -9.3%
Best for: artists and makers, graphic designers, women entrepreneurs with strong sales and marketing skills


Selling products through an online store is one of the easiest and most affordable online business ideas to start. It can be a very profitable business idea, too, especially if you have digital marketing skills or a large social media presence. 

As far as what you can sell, the options are just about endless. Jewelry, custom apparel, and home decor are popular niches, especially for those who enjoy productive crafts like knitting and woodworking. 

Jazmin Richards, for example, started making clean-burning candles for her own use. She turned that into an online store, Blk Sunflower, and made $300,000 in her first 18 months. Hear how she grew her business in this video:

If you’d rather not deal with inventory, a print-on-demand store can make an excellent small business for women. Kerry Egeler from The Shirt School shared his advice on starting a custom apparel business online in this podcast: 

#2. Make and sell online courses

Average Annual Revenue: $234,540
Average Profit Margins: 5.8%
Startup Costs: $100-$1K
Time To Revenue: 1-3 months
Annual Market Growth Rate: 1.1%
Best for: people with in-demand or niche skills and knowledge, teachers and educators


One advantage to online courses is that they’re a mostly-passive source of income once you make and release them. Because of this, an online course is one of the best online business ideas for women who are parents, students, or otherwise can’t always devote full-time hours to a business. 

The biggest challenge with an online course is that you have to put in a lot of time to make it before you can start earning revenue. People who already create educational content have an advantage here since they can repurpose blog posts, lesson plans, or other materials into their courses. 

For more advice on how to make money online selling courses, check out this podcast interview with Jacques Hopkins. He turned his hobby playing piano into a very lucrative business idea:

#3. Social media management

Average Annual Revenue: $817K
Average Profit Margins: 6.9%
Startup Costs: $100-$10K
Time To Revenue: 1-6 months
Annual Market Growth Rate: 19.4%
Best for: writers, marketing and digital media experts, women entrepreneurs with advertising and PR expertise


Social media marketing has become the go-to way for both online and brick-and-mortar business owners to connect with customers. Many small business owners don’t have the time or skills to effectively use social media for their small businesses, though, or the budget to hire an in-house social media manager. 

This makes opening your own digital marketing agency a good business idea for a business woman who has social media management skills and experience. With a 2022 market size of over $193 billion and an annual growth rate of 19.4%, there is ample profit to go around in this industry. 

The biggest challenge of opening your own business as a social media manager is often finding clients and building their trust. Jason of Socialistics shared how he started and grew his marketing agency in the video below:

3 Best Small Business Ideas from Home for Ladies

#1. Photography business

Average Annual Revenue: $50K
Average Profit Margins: 7.3%
Startup Costs: $1K-$10K
Time To Revenue: 1-6 months
Annual Market Growth Rate: 0.3%
Best for: photographers and visual artists with strong customer service, communication, and organization skills


Have you ever wanted to turn a hobby into a lucrative business? Check out how Korbin and Whitney started out, turning their passion into a business they find enjoyment in doing.

There are a variety of ways to start your own photography business from home. You could convert a spare room into an in-home portrait studio, provide mobile photography services for events, or work with other small business owners to help them make marketing materials and promote your brand. 

If you’d rather set your own schedule, a photography business can also make money online by selling prints or print-on-demand products in an online store, taking on freelance clients, or selling stock images to websites like Shutterstock or Getty Images. 

The variety of potential revenue streams is one reason it’s among the best business ideas for women at home who have an artistic eye and photography skills. As you gain skills and grow your brand, you can even make money sharing those skills through a coaching business or online course. That’s how Katelyn James Photography makes a mostly-passive 7-figure revenue with her photography business. Hear how she did it in this podcast interview:

#2. In-home childcare business

Average Annual Revenue: $143,110
Average Profit Margins: 0.9%
Startup Costs: $0-$1K
Time To Revenue: 1-3 months
Annual Market Growth Rate: 51.7%
Best for: stay-at-home moms, teachers, and babysitters who are detail-oriented, patient, and have strong interpersonal skills


Offering childcare services is an excellent way for moms and caregivers to become small business owners. As more companies call their workers back to the office, babysitting and childcare services are increasingly in demand, especially in urban areas with a high number of potential customers.  

The advantage of an in-home daycare, as opposed to a nanny or babysitting service, is that you can watch multiple kids at once, expanding your potential revenue. 

#3. Wedding planning business 

Average Annual Revenue: $93,796
Average Profit Margins: 13.8%
Startup Costs: $500-$5K
Time To Revenue: 1-3 months
Annual Market Growth Rate: -0.9%
Best for: strong networkers with organization, planning, and customer service skills


If you excel at organizing parties, meetings, and other gatherings, event planning is a great business idea to pursue. Wedding planning specifically is one of the most profitable business ideas in the event planning niche, with a market value of
around $900 million in the U.S. in 2022.

While people of any gender can work in event planning, the majority of wedding planners are female entrepreneurs. Not only is this an easy small business idea to start from home, it also has low startup costs and ongoing expenses, with typical profit margins of up to 90%.

These low costs are one reason it’s among the top home business ideas for women who are skilled planners and communicators. Since most weddings take place on the weekend, it’s also among the best side business ideas for ladies looking to make extra money to supplement a full-time job.

3 Self-Employed Ideas for Females

#1. Freelance writing business

Average Annual Revenue: $712K per employee
Average Profit Margins: 14.6%
Startup Costs: $100-$200
Time To Revenue: 1 month to 3 years
Annual Market Growth Rate: -1.5%
Best for: language experts, bloggers, writers with search engine optimization and marketing skills


Freelance writers can make money in a lot of ways. The type of content you write can range from a blog post or news article to an entire book. The flexibility freelance writers enjoy makes it a great side business idea, as well as a potential full-time job. If you’re skilled with grammar and detail-oriented, you can expand your services with a freelance editing business.

It also doesn’t cost anything to become a freelance writer, and you can start your business online from home. This puts it among the most popular small business ideas for girl students, as well as an affordable online business for women with a strong command of the English language.

#2. Graphic design business

woman working on a desktop

Average Annual Revenue: $123,240
Average Profit Margins: 13.5%
Startup Costs: $500-$5K
Time To Revenue: 3+ months
Annual Market Growth Rate: 2%
Best for: visual artists, creative entrepreneurs, women entrepreneurs with web design, user interface, or similar tech skills


For visual artists, doing freelance graphic design work is a great way to make extra money, and is among the best home business ideas for ladies with artistic skills. People and businesses who need logos, website graphics, and other images often hire freelancers on platforms like
Fiverr and Upwork. Create an account, and you can start making money right away.

You don’t need to take on clients to start your own business in graphic design, either. Another option is to sell products featuring your designs. That’s what Vlad Kuksenko did when he started his 7-figure Etsy shop TagPup (see his story in the video below):

#3. Data entry

Average Annual Revenue: $35K-$50K
Average Profit Margins: 10.5%
Startup Costs: $100-$200
Time To Revenue: 1-3 months
Annual Market Growth Rate: 1.9%
Best for: detail-oriented and organized entrepreneurs, fast typers, coders, and automation experts


You don’t need much to offer data entry services—just some basic computer equipment, an eye for detail, and decent typing skills. The low barrier for entry and flexibility of the work are ideal for women seeking home-based small businesses they can easily fit into their life.

12 Unique Business Ideas for Ladies

#1. Interior design

Average Annual Revenue: $168,360
Average Profit Margins: 10.6%
Startup Costs: $1K-$100K
Time To Revenue: 1-3 months
Annual Market Growth Rate: 1.2%
Best for: creative entrepreneurs with strong communication, collaboration, and organization skills


Interior design is among the best small business ideas for women who don’t just have an artistic eye but are also able to bring other people’s creative vision to life. Making connections with other local small businesses is often the best way to grow a business in this niche, so it’s a great small business idea for creative women who excel at networking.

#2. Virtual bookkeeping business

woman working on a desktop at the office

Average Annual Revenue: $206,910
Average Profit Margins: 13.9%
Startup Costs: $500-$5K
Time To Revenue: 1-3 months
Annual Market Growth Rate: 1.6%
Best for: accountants, business and financial experts


Keeping track of financial transactions is critical for a small business, and virtual bookkeepers help business owners to do so. While you will need strong math and accounting skills, you don’t need to be licensed as a CPA to start. 

That lower barrier to entry, along with the flexibility and low startup costs it offers, is why a virtual bookkeeping business is among the top business ideas for women who are mathematically-minded.

#3. Resell shoes or vintage clothes

Average Annual Revenue: $60K-$120K
Average Profit Margins: 5-15%
Startup Costs: $100-$1K
Time To Revenue: 30-90 days
Annual Market Growth Rate: -9.3%
Best for: shoppers and collectors, fashionable entrepreneurs, women with strong sales skills


If you have a knack for finding the best items at thrift stores and garage sales, reselling is one of the small business ideas you should consider. 

All you need to get started is knowledge of fashion trends and brands and a minimal budget to get your first items. You can reinvest the profit from those sales to grow the business further. Sneak City started this way, with just $50 and working out of a garage. Now they’re a thriving brick-and-mortar business with multiple storefronts. They shared their story in this YouTube interview:

#4. Professional organizer

Average Annual Revenue: $168,360
Average Profit Margins: 10.6%
Startup Costs: $1K-$100K
Time To Revenue: 1-3 months
Annual Market Growth Rate: 1.2%
Best for: highly organized entrepreneurs, strong planners, communicators, and collaborators, creative problem-solvers


Being a professional organizer is among the best business ideas for women who have both right-brain and left-brain intelligence. 

Organizers help others to declutter and order their homes, offices, or other spaces, improving their clients’ mental health along the way and giving them tools to maintain the system you help them establish. To do this, you need a lot of empathy and strong communication skills, along with analytical, problem-solving, and spatial reasoning skills.

Since you’ll work in the client’s space, this is among the top business ideas for women at home, and it also offers a low start-up cost and high flexibility. The biggest challenge is often establishing your reputation to build a client base. If you’re a strong marketer or networker, that can be an advantage for growing your new business faster.

#5. Start a farm

Average Annual Revenue: $263,500
Average Profit Margins: 27.9%
Startup Costs: $100K-$3.5M
Time To Revenue: 6-18 months
Annual Market Growth Rate: -0.5%
Best for: women entrepreneurs who love working outside with their hands; hard-working, patient, and organized problem solvers


People don’t think of farming as a lucrative profession, but the truth is the median household income of farmers was
$92,239 in 2021, higher than the American average. Roughly 89% of farms in the U.S. are small businesses, so there’s a lot of room in this space for future women entrepreneurs who want to work the land for a living. 

Marion Acres started from scratch in 2012 as a way for two families to grow their own food. It’s now a thriving chicken farm with its own market and processing plant. You can see how they got started in this video:

#6. Dropshipping business

Average Annual Revenue: $36K-$50K
Average Profit Margins: 5%
Startup Costs: $150-$500
Time To Revenue: 1-3 months
Annual Market Growth Rate: 25%
Best for: experts in social media and marketing, process-oriented and organized entrepreneurs, people seeking flexibility and passive income


Dropshipping is an ideal way for women entrepreneurs to make money online and set their own schedules. In a dropshipping business model, the things you sell are stored and shipped from elsewhere, giving it very low start-up and ongoing costs.

The flexible time commitment of dropshipping makes it a great way to start your own online business while still working a full-time job, and it can bring in enough revenue to serve as your sole income stream if you have the time to commit to it. 

Heather Johnson started her print-on-demand dropshipping business to make extra money when her hours were cut during the pandemic. In a few short years, she’s grown it to $15,000 a month in revenue. Hear her story in this interview:

#7. Open a bakery business

smiling woman with cupcakes on table

Average Annual Revenue: $1.52 million per year
Average Profit Margins: 5.4%
Startup Costs: $100-$3M
Time To Revenue: 1-6 months
Annual Market Growth Rate: 1.1%
Best for: food-lovers, creative entrepreneurs with strong customer service skills


Like other businesses in the food industry, opening a bakery can be a big investment, but with an equally big potential payoff. It’s among the best small business ideas for women who love to bake and love interacting with people.

There are many niches you can choose as a bakery, too. Some focus on treats like cupcakes and pastries, while others make bread and other baked goods to sell to restaurants and stores.The right niche for you will depend on both your interests and your local market.

#8. Personal trainer

Average Annual Revenue: $16,867
Average Profit Margins: 10.9%
Startup Costs: $500-$5K
Time To Revenue: 1-6 months
Annual Market Growth Rate: 0.6%
Best for: athletes and fitness experts, outgoing female entrepreneurs who excel at motivating and communicating with others


The fitness industry is large and growing, projected to reach a total market value of
$5.77 billion by 2027. This makes a fitness training business a great small business idea for female entrepreneurs who are passionate about exercise and health. It’s also a potentially profitable business, with the average independent personal trainer earning just over $54,000 a year in take-home income. 

A personal trainer business has very low upfront costs, in part because you don’t need your own brick-and-mortar storefront. You can open a home-based studio if you have the space, or offer mobile services, working with clients in their homes. You can even offer remote services with video conferencing, or in an online course that can serve as an extra passive income stream. 

In this interview with Bedros Keuilian, see how this self-made entrepreneur went from eating from bins to making $200 million a year with his franchise Fit Body Boot Camp and business coaching company Empire Systems.

#9. Home, office, or Airbnb cleaning business

Average Annual Revenue: $74,880
Average Profit Margins: 6.7%
Startup Costs: $1K-$30K
Time To Revenue: 1-6 months
Annual Market Growth Rate: 1.2%
Best for: housekeepers and homemakers, organized and tidy entrepreneurs


Cleaning is one of those things every home or business needs but most people don’t like to do. This makes it a perfect business idea for women business owners who enjoy bringing order to chaos and don’t mind getting their hands dirty now and then. 

Chris Mondragon started Queen Bee Cleaning with about $5,000 and now teaches other business owners how to do the same in his 7-Figure Cleaning Business Blueprint. You can see what a typical day in his life is like in this video if you’re curious about the day-to-day of starting your own business:

The variety of cleaning jobs available is another reason this is a great business idea. Chris gets a lot of his revenue from cleaning Airbnbs, in addition to his residential cleaning clients. If you’re not sure which niche to choose, do some market research on the services already offered in your area to see where there’s a gap you can fill. 

#10. Life coach

Average Annual Revenue: $63,400
Average Profit Margins: 10.5%
Startup Costs: $500-$5K
Time To Revenue: 1-3 months
Annual Market Growth Rate: 1.5%
Best for: Strong motivators and communicators, problem-solvers, mental health professionals


A life coach helps their clients overcome challenges in their career, relationships, or other areas of their life. That makes it a very rewarding career and the best business for women who love helping others thrive. If you’re the person your friends always turn to for advice, becoming a life coach is a natural way to start your own business sharing that problem-solving talent with others. 

#11. Laundry business

Average Annual Revenue: $311,220
Average Profit Margins: 22.1%
Startup Costs: $100K-$3.5M
Time To Revenue: 6-18 months
Annual Market Growth Rate: -0.1%
Best for: customer service pros with high attention to detail


Laundry is a universal chore, but not everyone has the equipment at home (or the time) to do it themselves. A laundry business provides a useful service that’s consistently in-demand, making it a great choice as a woman-owned small business. 

Opening a laundromat does require more up-front investment than other options on the list. On the plus side, though, it has potential to be a mostly-passive income stream with the right team. Hear how Rosie Wash Express Laundry started and grew her laundromat business in this interview:

#12. Baby equipment rental business

Average Annual Revenue: $2,157,420
Average Profit Margins: 3.9%
Startup Costs: $500-$250K
Time To Revenue: 3+ months
Annual Market Growth Rate: 2.7%
Best for: moms, childcare professionals, organized and system-oriented entrepreneurs


Baby equipment is expensive—which makes it even more frustrating considering how quickly they grow out of it. A rental business lets you help parents get high-quality equipment for less. It’s among the best business ideas for parents because you can make money from items your kids have outgrown rather than letting them sit unused. 

FAQs About What is a Good Business to Start for a Woman

What is the best business for a woman to start?

Great new business ideas for women can come from any industry. According to the most recent data, the most popular entrepreneur ideas for women are in retail (26%), health, beauty and fitness (17%), and food and restaurants (14%). That said, though, the number of female-owned businesses is growing across sectors, and any of the business ideas for a woman on this list can be a great choice for the right entrepreneur.

What percent of women own businesses?

screenshot of womens in business statistics from incfile website

49% of startups are women-owned, but only 7.1% of the female population are business owners. (We calculated this figure using the number of female-owned businesses divided by the number of women in the population.)

Meanwhile, 10.8% of men are small business owners.

How to start a business as a woman

UpFlip’s ultimate guide on how to start a business is an excellent resource that answers this question step-by-step.

Where can I find women in business scholarships?

laptop mockup of business scholarships from collegeguidepost website

There are several organizations that offer scholarships for women in business. This College Guidepost list of 16 national business women scholarships is a great place to explore your options.

What is the best way to get a business loan for women?

The Small Business Administration has women-owned business loan resources that you can explore. You can also get advice on finding and obtaining start-up business loans for women in this podcast interview with National Business Capital founder Joseph Camberato, whose company has helped entrepreneurs secure more than $2 billion in funding:

Which Business Idea Will You Choose?

Ladies, y’all are doing phenomenal at raising the bar, creating a more compassionate business culture, and driving success in business. 

It doesn’t matter what business you choose to enter—you are more likely to find success than men.

Keep doing what y’all do well, and, hopefully, we’ll get the better world many of us are trying to build. I hope whatever industry you choose, you make it better for everyone. 

Which of the small business ideas for women will you choose for your next business venture?


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So you’ve decided to open a restaurant but don’t know what to name it? That’s okay. We have plenty of restaurant name ideas you’ll love.

[su_note note_color="#dbeafc"]We’ve grouped our picks for best restaurant names into 17 unique categories to help you choose a restaurant name that works for you. In addition, we’ll discuss how to name a restaurant—and restaurant names to avoid. Check out all of our ideas or click any of the links below to jump straight to the section you need now.

What should I name my restaurant?

Restaurant co-owners in orange aprons brainstorming business ideas over a laptop and coffees in a cafe space

Choosing a great restaurant name can be a challenge. We’ve got you covered with some tips to help you find the perfect name for your business.

  1. Consider a name that reflects the type of cuisine you offer or the overall theme of your restaurant. This gives potential customers a quick idea of what to expect.
  2. Unique restaurant names help you stand out. If you use a generic name, you might get lost in the crowd.
  3. Restaurant name ideas should be easy to remember.
  4. A culinary venture might want to include a reference to its location.
  5. You’ll want to check if your restaurant name ideas list has trademark availability, then check domain names and social media platforms to see if the good restaurant names are taken.

Remember, the name of your restaurant is a key part of your brand, so take the time to brainstorm and choose a name that resonates with your vision and target audience.

32 fancy restaurant names

If you want to attract bougie guests to your restaurant, choose a fine dining restaurant name that will impress. First, impress them with your name…then stun them with your impeccable service and first-class cuisine. Here are some fine dining name ideas that will help you make it happen:

1. Aurelian Elegance
2. Orchid Row
3. Éclat Manor
4. Imperium
5. Luxe Lumière
6. Crown on the Plaza
7. Prestige Cellars
8. Riviera Regale
9. Sérénité Soirée
10. Enclave
11. Étoile
12. Maison Tres
13. Café Grandeur
14. Rendezvous
15. Château Chantilly
16. The Emporium

17. Refined Revelry
18. Epicure
19. Illustrious Ivy
20. The New Gourmand
21. Ember
22. Resplendent Ridge
23. Epitome Elegance
24. Luminance
25. Nouveau Table
26. Vista Vérité
27. Apogee Amour
28. In Aura
29. Palatial Palate
30. Panache
31. The Gilded Gastronome
32. Epicurean Elegance

Pro Tip: When it comes to naming a fine dining restaurant, you can go one of two ways: trendy or classic. Select which one you think will draw in your target customer and also be a name you can live with for the life of your restaurant.

20 cute restaurant names

Attracting families and kids to your restaurant is easy when its name is adorable. A good restaurant name attracts potential customers to your establishment—just make sure your restaurant’s mission matches the name or else it will be ineffective.

1. Whisker's Whimsy Wagon
2. Sweet Pea Patisserie
3. Sprout ’n’ Sprinkle Spot
4. Bubblegum Bunny Bistro
5. Fairy Floss Café
6. Teddy's Tea Party Tavern
7. Sugar Sprinkle Shack
8. Cotton Candy Cottage
9. Snuggle Bug Bistro
10. Raindrop Ranch Café

11. Kitten's Kitchenette
12. Sunshine & Sprinkles Café
13. Sweetheart Seashore Shack
14. Cupid's Café Corner
15. Sugar Plum Fairy Feasts
16. Little Lamb Luncheon
17. Panda Palate Palace
18. Bunny Hop Bistro
19. Cleopatra's Culinary Haven
20. Galaxy Grub

Pro Tip: You don’t just have to make your name creative, but make it a creative restaurant. The interior should be fun and inviting. Hang local art on the walls and create an atmosphere families will continually come back to.

30 fast food restaurant names

A fast food spread including a burger, fries, and chicken nuggets next to a chalk board plaque that reads "Fast food restaurant names"

As a business owner, you want your fast food restaurant name to make a lasting impression. We have a great ideas list for you to choose from so you can guarantee you have repeat business time and again.

1. ZapBite Burger Co.
2. Rapid Munch Drive-Thru
3. Swift Savor Express
4. Dash Burger Bistro
5. ZipTaste Tavern
6. SpeedySizzle Grill
7. Snap Chow Hut
8. On the Rise Burgers
9. BlazeBite Fast Fare
10. Zest Meal Spot
11. TurboTaste Drive-Thru
12. Rapid Fuel Bistro
13. Quick Crave Corner
14. Rush Bite Express
15. Dash Munch Depot

16. Speedy Chow Hut
17. Express Burger Joint
18. Swifty Feast Drive-Thru
19. Fast Flash Fare
20. Blaze Bite Express
21. Zoom Burger Stop
22. Snap Chow Shack
23. RushBite Grill
24. Quick Fuel Fast Food
25. RapidRise Diner
26. ZippyMunch Depot
27. Swift Serve Fast Fare
28. Wizard of Oz Grill
29. Apollo's Pizzeria
30. Einstein's Edible Emporium

Pro Tip: What are your unique selling points that would make someone come to your place over other restaurants in the area like McDonald’s? Use your social media channels to get the word out there. The first impression someone has will stay with them forever. Build your brand identity from the very beginning.

30 American restaurant names

American restaurants focus on cooking and serving food like burgers, chicken, and a variety of other options diners associate with Americana. Here are some names that will help your restaurant stand out from the pack:

1. Jazz Junction Diner
2. Great Lakes Galore
3. Southern Spice Station
4. Capital City Eats
5. Big Sky Bistro
6. Redwood Roots Restaurant
7. Everglades Epicure
8. Route 66 Diner
9. Aloha Avenue Café
10. Desert Bloom Bistro
11. Gulf Shores Grille
12. Cascade Café
13. Rocky Roadhouse
14. Magnolia Manor Eats
15. Wild West Whiskers

16. Blue Ridge Bistro
17. Crescent City Cuisine
18. Northern Lights Nosh
19. Grand Canyon Grillhouse
20. Napa Valley Nibbles
21. The Rockies Retreat
22. Sunshine State Supper Club
23. Ozark Oasis Bistro
24. Mount Rushmore Munchies
25. Hudson Valley Hideaway
26. Alamo Alley Café
27. Tundra Trails Tavern
28. Niagara Nosh House
29. Appalachian Attic Eats
30. Bayou Bonfire Bistro

30 Mexican restaurant name ideas

A Mexican food spread including salsa, chips, and shrimp tacos with a tiny Mexican flag in them next to a chalk board plaque that reads "Mexican restaurant names"

The easy way to name your Mexican restaurant is to simply put whatever name you choose in Spanish. But make sure it actually says what you want it to say so your name lets customers know what to expect when they dine there.

1. Sabor del Sol
2. El Sabroso Cantina
3. Casa de Sazón
4. Delicias de México
5. El Corazón de México
6. La Cocina del Sol
7. Tacos y Tequila
8. Sabores de México
9. El Rincón Picante
10. La Fiesta Mexicana
11. Taquería Tradicional
12. El Ranchito Sabroso
13. Los Sabores Auténticos
14. Comida Mexicana Real
15. Cantina del Sol

16. La Hacienda del Sabor
17. El Sazón Auténtico
18. Las Delicias Mexicanas
19. El Patio Mexicano
20. Sabores y Aromas de México
21. La Cabaña Mexicana
22. El Sabor de Mi Tierra
23. La Cocina Mexicana
24. Auténticos Tamales y Tacos
25. Sazón de la Abuela
26. El Fogón Mexicano
27. Tacos al Pastor y Más
28. La Esquina Mexicana
29. Delicias Caseras de México
30. El Paladar Mexicano

Expert Advice: Your name should evoke a feeling for the potential guest. What do you want your customer to think of when they hear your name? Is it an experience, a food, great service? Make your name something unforgettable.

30 Italian restaurant name ideas

When selecting an Italian restaurant name, be sure to include words that remind people of Italy and the amazing food they’ve had (or imagined having!) overseas. You can make it fancy or fun. These Italian restaurant names are good for everything from a nice Italian restaurant to pizza and hoagie shops.

1. Bella Cucina
2. Trattoria Romantica
3. La Dolce Vita Ristorante
4. Cucina del Sole
5. Gustoso Italiano
6. Sapori d'Italia
7. Piazza Italia
8. La Cantina della Nonna
9. Al Dente Trattoria
10. Ristorante Buon Gusto
11. La Famiglia Cucina
12. Bella Napoli
13. La Cucina Felice
14. Gusti del Sud
15. La Tavola Trattoria

16. Buona Cucina Italiana
17. Mangia Bene Ristorante
18. Le Delizie Italiane
19. Trattoria del Cuore
20. Osteria del Sole
21. Cucina Amore
22. La Cucina del Gourmet
23. La Pizzeria Rustica
24. Vivace Cucina
25. L'Angolo della Pasta
26. Il Gusto Autentico
27. Delizie D'Italia
28. Il Sapore Italiano
29. La Locanda del Cuoco
30. Trattoria Bella Luna

Pro Tip: Some Italian names can be hard for the average American to pronounce. While it may look nice, make sure the average Joe can pronounce your name or else it will be butchered time and again and your target customer may have a hard time finding you.

30 French restaurant names

Your French restaurant name should include keywords that will show potential customers what your restaurant is all about. Use culinary imagery to inspire them to dine there time and again. Of course you’ll want to make sure you love it as well!

1. Maison de Savoureux
2. L'Éclat Culinaire
3. Le Bistrot de la Coquette
4. L'Étoile Épicurienne
5. Bon Appétit Bistro
6. La Cuisine Charmante
7. Chez L'Artisan
8. Le Délice de Paris
9. Rendezvous Rive Gauch
10. Le Festin Français
11. À Table!
12. L'Auberge du Gourmet
13. Le Petit Plaisir
14. Delice de la Côte
15. La Vie en Rose Brasserie

16. Brasserie Bonheur
17. Le Repaire de Saveurs
18. La Cigogne Gourmande
19. La Provence Gourmande
20. Étoile du Matin
21. Les Délices de la Rivière
22. Belle Assiette
23. Bistro du Soleil
24. Salon Culinaire
25. La Table des Artistes
26. Le Café des Amis
27. Le Bon Vivant
28. Cuisine en Rose
29. L'Escapade Gourmande
30. Trattoria du Midi

Pro Tip: French restaurant name ideas are easy to come up with when you look at how beautiful the language is, both spoken and written. Play with combinations, and you shouldn’t have any trouble coming up with the perfect restaurant name as long as it resonates with your menu and dining experience.

22 diner names

Get those creative juices flowing as you decide on a perfect diner name for your new restaurant. This isn’t just a place to serve food. You’ll be creating delicious dishes and a divine dining experience that will wow your guests, so be sure you have a restaurant name to match.

1. Retro Rocket Diner
2. Tasty Tracks Diner
3. Cosmic Café
4. Flamingo Flavors Diner
5. Blue Moon Bites
6. Starlight Bites
7. Killer Pizza & Sammies Diner
8. Route 66 Eats
9. Atomic Appetites Diner
10. Neon Nights Diner
11. Thunderbird Treatbox

12. Jukebox Jive Diner
13. Bonanza Bites
14. Sock Hop Stop Diner
15. Diner-o-Saurus
16. Rock ’n’ Roll Grub Hub
17. Galaxy Grill
18. Cosmic Cravings Diner
19. Diner Delight Junction
20. Mellow Yellow Diner
21. Retro Rendezvous
22. The Food Truck Diner

Pro Tip: Pick a theme for your diner. Themes are a great way to attract customers and build a strong brand identity. You can even make promotional materials for your new business that feature your theme and make people want to come for a meal!

22 fancy café names

Older man in a suit at a cafe bar holding a bottle of Kahlua with a sign that reads "Fancy Cafe Names" hanging over the bar

But here are a few fancy restaurant names for your café that are sure to inspire your culinary venture.

1. Serene Sips Café
2. Château du Café
3. Elysian Espresso
4. Enchanted Eats Emporium
5. La Vie en Rose Café
6. Royal Brew House
7. Gourmet Garden Café
8. Éclatant Elegance
9. Belle Bistro
10. Palais de Pâtisserie
11. Tranquil Tea Terrace

12. Paragon Perks Café
13. Posh Palette Café
14. Elite Elixir Emporium
15. Luxe Lounge Lattes
16. Opulent Oasis Café
17. Café Magnifique
18. Divine Delights Diner
19. Paradiso Patisserie
20. Grandeur Grinds
21. Gourmet Symphony Pastry & Beans
22. Café Gilberto

Pro Tip: Creative restaurant name ideas leave a lasting impression on your branding efforts. Check the availability of the perfect name using online tools.

20 buffet restaurant names

Consider some of these suggested names for all-you-can-eat restaurant businesses.

1. Worldly Flavors Buffet
2. Culinary Odyssey Buffet
3. Fusion Feast Buffet
4. Melting Pot Buffet
5. Global Gastronomy Buffet
6. Panorama Plate Buffet
7. Eclectic Eats Buffet
8. International Indulgence Buffet
9. Diverse Dining Buffet
10. Ethnic Enclave Buffet

11. Flavor Fusion Buffet
12. Gastronomic Galore Buffet
13. Epicurean Expedition Buffet
14. Heritage Heights Buffet
15. Taste Trek Buffet
16. Crossroads Cuisine Buffet
17. Mosaic Buffet
18. Pan-Continental Buffet
19. Culinary Kaleidoscope Buffet
20. All You Can Eat Oasis Buffet

30 bistro names

Restaurant owner giving the okay sign and holding a platter of fried chicken next to a chalk board sign that reads "30 Bistro Names"

Consider some of these creative restaurant names for a bistro.

1. Sage & Saffron Bistro
2. Azure Vine Bistro
3. Velvet Petal Bistro
4. Hearthstone Haven Bistro
5. Moonlit Terrace Bistro
6. Willow Whisper Bistro
7. Ember & Elm Bistro
8. Sunflower Serenade Bistro
9. Cobblestone Corner Bistro
10. The Tango Bistro
11. Juniper Junction Bistro
12. Quill & Quinoa Bistro
13. Zephyr Zenith Bistro
14. Rustic Aura Bistro
15. Echoes & Eats Bistro

16. Cobalt Cascade Bistro
17. Alchemy Alley Bistro
18. Luna Lounge Bistro
19. Cedar Crest Bistro
20. Elysian Eats Bistro
21. Tarragon Terrace Bistro
22. Opal Orchid Bistro
23. Citrine Cove Bistro
24. Bistro 360°
25. Marigold Manor Bistro
26. Whispering Woods Bistro
27. Three Serenades Bistro
28. Coral Cascade Bistro
29. Amethyst Arbor Bistro
30. Fireside Flavors Bistro

30 ‘punny’ restaurant names

What are some restaurant names that will make you laugh? We have a few answers below. Restaurant owners who aren’t afraid to include a good pun can benefit from a cute restaurant name that diners won’t soon forget. Here are some restaurant business name ideas that leverage just the right amount of humor and hint at the delicious cuisine you’ll serve.

1. Wok Around the Clock
2. Soy Joy Eatery
3. Stir Crazy Noodle Bar
4. Pho-nomenal Eats
5. Kimchi Krazy
6. Dim Sum Delight
7. Miso Happy Eatery
8. Thai Me Up
9. Wonton Wonder
10. Rice Rice Baby
11. Kung Food Palace
12. Zen Zest Fusion
13. Curry in a Hurry
14. Sushi-licious Spot
15. Tempura Temptations

16. Chop Chop Chopsticks
17. Bao Down Bistro
18. Spice Route Café
19. Noodlegate Kitchen
20. Dumpling Dynasty
21. Ramen Rave
22. Pho Real Bistro
23. Szechuan Sensation
24. Dragon Delish Diner
25. Rollin' Rollin' Sushi
26. Wasabi Wow Café
27. Sesame Street Eats
28. Hoisin Haven
29. Kimchili Kitchen
30. Thai Tanic Treats

30 beach restaurant names

A restaurant business on the beach might consider some of these new ideas for a beachy business name:

1. Sandy Toes Café
2. Seaside Bites Shack
3. Wavefront Eats
4. Shoreline Sip Spot
5. Flip Flop Fusion
6. Driftwood Diner
7. Beachcomber's Bistro
8. Saltwater Serenade Café
9. Sunkissed Eateries
10. Seashell Shoreline Snacks
11. Tidepool Treats Tavern
12. Coral Cove Cuisine
13. Seafoam Feasts
14. Boardwalk Bites
15. Coastal Cravings Café

16. Pier Pleasures Restaurant
17. Castaway Cove Café
18. Tiki Tide Tavern
19. Bay Breezes Bistro
20. Lighthouse Lunches
21. Nautical Nosh Nook
22. The Mermaid's Menu
23. Palm Tree Pantry
24. Seagull's Perch Café
25. Shell Seeker's Snack Shack
26. Beach Blanket Bistro
27. Sailors' Supper Spot
28. Sandcastle Café
29. Surfer's Slice Shack
30. Beach Bonfire Bites

30 brunch restaurant names

Brunch restaurant names are great for attracting those people who can’t decide if they want to get breakfast or lunch.

1. Rise & Dine Café
2. Morning Bliss Bistro
3. Brunchville Bites
4. Sunny Side Up Café
5. Brunch & Munch
6. Daybreak Delights
7. Sunlit Brunchery
8. Early Bird Eats
9. Brunch O'Clock
10. Brunch Barn
11.Midday Munchies Café
12. The Bungalow
13. Sunrise Savory Spot
14. The Brunch Basket
15. Breakfast Boulevard

16. Brunch Bonanza
17. Astrud’s Brunchery
18. Sunbeam Brunch Café
19. Morning Glory Eateries
20. Brunchtime Bliss
21. The Morning Table
22. Brunch Affair Café
23. Bistro Brunchscape
24. Rise & Brunch Café
25. Morning Medley Diner
26. Brunch Oasis
27. Brunch Junction
28. The Brunch Clubhouse
29. Sunlit Spread Café
30. Morning Breeze Bistro

30 modern restaurant names

Modern restaurants are defined by their sleek decor and menus that wow diners with innovative options. They increasingly focus on local food and sustainability, too.

1. Urban Palette Eats
2. Metropolis Munchery
3. Modernity Bites
4. Chic & Eats
5. Vibe Valley Eatery
6. Fusion Flux Café
7. Nova Bistro Lounge
8. Trendy Tabletop
9. Echo Eats
10. Zenith Zone Café
11. Savor Sphere
12. Retro Remix Diner
13. Avant Grub
14. Urban Utopia Eats
15. Fusion Foundry

16. Pixel Plate Bistro
17. Pulse Point Eatery
18. Artisan Alley Café
19. The Mod Mix Diner
20. Metro Manifesto
21. Flavor Fusion X
22. Chic & Savory Eats
23. Urban Elegance Eateries
24. Modish
25. The Trend Tavern
26. Urbanite Eatscape
27. Fluxus Bistro
28. ModMotion Café
29. Metro Mingle Bistro
30. Tres Forma Eatery

30 fantasy restaurant names

1. Enchanted Eats Emporium
2. Mystic Morsels Tavern
3. Dragon's Delight Diner
4. Fairyland Feasts
5. Unicorn Utopia Café
6. Sorcerer's Supper Spot
7. Celestial Cuisine Castle
8. Elf & Elemental Eatery
9. Enigma Eats Emporium
10. Phoenix Flame Bistro
11. Mage's Menu Manor
12. Mythical Munchery
13. Mermaid's Galley
14. Fabled Fare Feasts
15. Wizardry & Wonders Diner

16. Griffin's Gourmet Guild
17. Seraphic Supper Spot
18. Fey Feasthouse
19. Astral Aura Eateries
20. Chrono Culinary Cove
21. Arcane Appetites Café
22. Cosmic Creatures Café
23. Elven Enclave Eats
24. Enchanted Grove Grub
25. Dreamer's Dining Den
26. Enigma Elixirs Eatery
27. Wyvern's Wok
28. Faerie Fusions
29. Valkyrie's Vanguard Venue
30. Cosmic Concoctions Castle

20 breakfast restaurant names

1. Rise & Dine Café
2. Morning Glory Griddle
3. Breakfast Boulevard
4. Sunshine Café & Grub
5. Early Riser Eateries
6. Crispy Mornings Café
7. Flapjack Palace
8. Sunny Side Spot
9. Morning Bites Buffet
10. Early Bird Eats

11. The Breakfast Clubhouse
12. Rise ’n’ Shine Café
13. Daybreak Diner Delights
14. Sunrise Serenade Café
15. Crave & Savor Breakfast
16. Golden Morning Griddle
17. Pancake Paradise
18. Morning Morsels Café
19. Fresh Start Eateries
20. A.M. Delights Diner

Did you find some cool restaurant names?

We provided lists of names you might like for your own restaurant. The restaurant’s concept will play a heavy role in how you name your business. A name that will work for a coffee shop won’t work for an elegant restaurant.

Take the time to think about what type of restaurant business you’ll start, then come up with a list of your top names for restaurants. Once you’ve settled on good names of restaurants, check that they are available as a web domain, social media profiles, and as business names.

Did this blog help you think of cool names for your business?

If you’re looking to get into the vending machine business, you've come to the right spot. We analyzed existing resources and talked to the owner of Hill Vending to find out the best vending machine locations. Get ready to find out where to put vending machines! Adam Hill bought his first vending machine route for $120K in 2014 and grew his vending machine business to $600K annually. He’s even started his own machine vending training course.  In our interview, he explained there are four keys to vending machine business success:
  1. Location
  2. Machines
  3. Service
  4. Pricing
Adam said: [su_quote]If you’re in a slow location, it doesn’t matter how good your machines, pricing, and service are. You won’t make any money. You have to have all four keys to be successful.[/su_quote] [su_note note_color="#dbeafc"]In this article, we’ll focus on the first of the four keys: Location. When you’re done, you should understand:
  1. Three Ways of Finding Investing in Vending Machines
  2. How to Find Locations for Vending Machines
  3. Best Vending Machine Locations
Click any of the above text to jump to that section of the article. [/su_note]

3 Ways of Investing in Vending Machines

Adam Hill told us: [su_quote]The corporate world was trying to make me bounce around a lot and I wanted to stay in my strip of paradise. I decided to leave my job, buy a vending machine route, and have been doing this ever since.[/su_quote] He went on to explain there are two main ways to choose a vending machine location:
  1. Buy an Existing Route
  2. Perform B2B Sales
Check out our interview about the vending machine industry below:
  In addition to the two ways that Adam mentioned, we’ll also discuss buying a vending machine franchise. Keep reading to learn how to buy an existing vending machine route.

Buy Vending Machine Route

Adam suggests buying an existing vending machine business from a business owner because: [su_quote]You don’t have to worry about finding the route. You can focus on the other three keys.[/su_quote] As you review a potential route for purchase, you’ll want to ask lots of questions about the following:
  • Vending machine locations
  • Vending machine equipment
  • Vending machine prices
  • The relationships with property owners
Adam discusses all that and more in our Vending Machine Class. Sign up for early access.
Adam explained: [su_quote]You need to link up with an education platform like UpFlip. You’ll be running your business by making mistakes if you don’t. There’s no college courses for this.[/su_quote] Next, we’ll discuss cold-calling businesses.

Perform B2B Sales 

Adam also discussed going to businesses and negotiating to place vending machines on their properties. He explained that this can be difficult because existing locations frequently have a service contract. He also gave tips on the best person to talk to: [su_quote]The Facility Manager is normally much less busy and will accept your visit. He’s often sitting in an office and will enjoy your company. Once they like you, you have an in. Then you can propose replacing the service contract.[/su_quote] He also explained why you shouldn’t approach the general manager or property owner unless you are dealing with a solo entrepreneur. [su_quote]The GM is the busiest person in the building. The gatekeeper (receptionist) is specifically instructed to brush people off politely.[/su_quote] Check out our in-depth walkthrough on the vending machine industry. Next, we’ll discuss vending machine franchises.

Buy a Vending Machine Franchise

Screenshot of pharmabox website Vending machine owners can also use the franchise model to start a vending machine business. This vending machine business model is often used by major vending machines companies like Coca-Cola and Pepsi. In addition, other vending companies like Pharmabox use this model. There are two basic models that these franchising opportunities use:
  1. Franchise: You can purchase the vending equipment and the rights to use the vending business name in exchange for licensing rights.
  2. Route Owner: You become a partner of the company and manage a service route for the company. These options are good for entry into the vending business because many of the major decisions are made for you.

Where Can I Learn How to Start a Vending Machine Business?

Check out our other blogs about vending machines including:
  1. Start A Vending Business
  2. Vending Machine Types
  3. Best Vending Machines
  4. Getting Vending Machine Licenses
Then sign up for our Vending Machine Bootcamp.

Where Can I Put a Vending Machine Near Me?

Couple of people working on a laptop You’ll want to consider the elements of choosing a location for your vending machines. The best locations for vending machines have the following characteristics:
  1. Where can I legally put a machine?
  2. Type of vending machine business 
  3. Lots of foot traffic
  4. People congregating at all hours
  5. Distance from you
  6. Easy accessibility to the vending machine
  7. Infrequent ownership changes
Let's look at each of these a little more.

Where Can I Legally Put a Vending Machine?

You can legally put a vending machine anywhere you have an agreement with a property owner. There may be licensing requirements depending on your location, but as long as you follow the laws and have an agreement in place, you can put your vending machines in almost any location.

Type of Vending Machine Business

Type of vending machines The vending industry covers all types of products. Your ideal location will depend on what you sell in your vending machines. The right location for a snack machine is almost anywhere (except maybe the lines in amusement parks), but maybe you shouldn’t offer energy drinks in the waiting room in medical centers. Adam told us: [su_quote]I mostly sell food, but I have one cigarette machine.[/su_quote] Check out our blog about different types of vending machines to find the types that most interest you.

Foot Traffic

The number of people passing a vending machine impacts whether you have profitable locations. Some locations have less than 50 people passing the vending machine daily, while airports can achieve up to 76 million travelers per day.

Hours of Operation

A business that is busy 24/7 like a hospital is likely to be a better place for a vending machine than somewhere like an apartment complex pool that closes for half the day.

Distance from You

Screenshot of google website You’ll want to make sure that your route is easy to get to regularly. The further you have to drive, the more business expenses you’ll have.

Accessibility to the Vending Machine

It is harder to sell products if people can’t easily access the vending machines. Providing easy access means:
  • Three feet of clearance in the front
  • NOT disrupting the flow of traffic
  • Making it easily viewable
Sometimes there will be a suitable location in areas that are off the beaten path. For instance, shopping malls and casinos often have hallways with a bathroom and drink machines. These machines regularly do well because people buy snacks or sports drinks while waiting for their friends.

Infrequent Ownership Changes

You probably want to avoid businesses where the property owner frequently changes. You don’t want to enter into a vending machine placement contract, then have to renegotiate with a new owner soon afterward. Next, we’ll discuss some of the best locations for vending machines.

Best Places to Put Vending Machines

We’ve compiled some data on the best places to put a vending machine. We’ll cover: [su_note note_color="#dbeafc"]
  1. Airports
  2. Bus and Train Stations
  3. Hospitals and Care Facilities
  4. Warehouses
  5. Office Buildings
  6. Apartment Complexes
  7. Dealerships
  8. Hotels
  9. Gyms
  10. Schools
  11. Dorms
  12. Retail Stores
  13. Gas Stations
  14. Shopping Centers
  15. Amusement Parks
  16. Conference Centers
  17. Car Washes
[/su_note] Consider some of the following vending machine location ideas.

#1. Airports Are the Best Locations for Vending Machines

Screenshot of worldatlas website The top 10 airports have more than 100,000 people passing each day. Your vending machine business is sure to make some great revenue. You’ll need lots of machines and potentially a full staff to keep up with the foot traffic in the best locations.  If you can’t secure one of the best locations, there are plenty of other options. A business owner that even secures a slower airport has over 600 people pass their vending locations every day.

#2. Where Can I Put My Vending Machine? Bus and Train Stations 

Placing vending machines at train and bus stations can be highly profitable. Amtrak, the largest U.S train station operator, carries more than 22.9 million riders in 160 communities. That comes out to 400 riders daily per community, but the highest travel rates see more than 34,000 people per day. Meanwhile, Greyhound Lines serves nearly 16 million passengers across 135 markets, or over 325 people per bus station daily. If you can negotiate a deal with the station property owners, they are a good place to put a vending machine.

#3. Hospitals and Care Facilities Are Good Locations 

People buying from vending machine at the hospital Hospitals and long-term care facilities are also high-volume places for vending operators. According to the Center for Disease Control, the average person goes to the doctor 2.5 times per year, and such facilities house nearly 240,000 people. There are three common areas to include vending machines:
  • Waiting Rooms 
  • Break Rooms
  • Reception Areas

Waiting Rooms

A waiting room is a great place to put a vending machine with healthy snacks like protein bars and granola bars. You’ll probably do well with drink machines as well. Provide vending needs for people waiting for their families and make a nice profit doing it.

Break Rooms

Employees need a place to get an easy snack or drink and a vending machine in the break room can be highly profitable. You’ll get a steady flow of revenue from these 24/7 businesses.

Reception Desk

Placing a vending machine near the nurses' desks is a great way to make a huge profit because you can serve patients, visitors, and staff all from one machine.

#4. Warehouses Are Good Places to Put Vending Machines

Vending machine inside the warehouse Another good place to put vending machines is in warehouses. Warehouses are commonly used as distribution centers, manufacturing facilities, and industrial parks. These businesses generally employ hundreds or thousands of people and operate 24/7. State laws typically guarantee two 15-minute breaks and a 30-minute break per shift. That means vending machines in the break room do well because employees don’t have time to leave the premises.  

#5. Where Can I Put a Vending Machine? Offices

A vending business can be highly profitable if you place machines in office buildings with 50 or more employees. Employees get hungry and thirsty throughout the day and vending machines provide options for people who forgot to bring something from home. That makes an office space a great location for vending machines.

#6. Where to Put a Vending Machine: Apartment Complexes 

Laundry room with vending machine Apartment complexes are great locations for vending machines. Each complex is different, but many have multiple locations for people to pass a machine regularly including:
  • Laundry Rooms
  • Common Areas
  • Playgrounds and Parks
  • Party Rooms
  • Gyms
  • Mailbox Areas
  • Pools 
Adam warned us: [su_quote]Don’t put machines outside. It wears them out.[/su_quote] Keep reading to find out why a car dealership is on the best vending machine location list.

#7. Where Can I Put My Vending Machines? Car Dealerships

Car dealerships make great locations for beverage services because they have lots of employees, plus the average consumer spends nearly three to four hours buying a car and several hours waiting every time they take the car for service.

#8. Best Location for Vending Machine: Hotels

Guests in a hotel or motel will want a quick snack or drink even if they don’t want a full meal. Once you negotiate deals with these properties, you might wonder where to put your vending machine. You can place your vending machine:
  • Near the front desk
  • On each floor near the ice machine (You could even offer to supply and maintain the ice machines, too.)
  • In pool areas
  • In the food court
Given that hotels are 24/7, they can be top-grossing locations.

#9. Gyms Might Be Ideal Locations

Physiotherapy clinic with equipment Gyms and fitness centers are full of people working out. Where can you put a vending machine in a gym? Try the following locations to give your machines a competitive edge:
  • Lobby
  • Locker Rooms
  • Cardio Room
  • Weight Rooms
Make sure to offer healthy snacks, water, and sports drinks. They don’t expect a full meal because that would weigh them down.

#10. Want High Foot Traffic? Try Schools, Community Colleges, and Universities

group of students inside the campus Schools, community colleges, and universities are always busy. That makes them a great place for vending machines. Just to give you an idea there are: States often have regulations about the type of quick snack options you can provide on school property. You’ll also need to be ADA compliant.

Are vending machines a good investment on college campuses? 

The answer for many colleges is probably no. Many private institutions are seeing large declines in enrollment. Some state-funded schools are doing well, but on average they are facing year-over-year declines (see enrolled students link above). If you can negotiate deals in these locations, you may find greater success because they have growing populations of college enrollment: [su_note note_color="#dbeafc"]
  • New Hampshire: 149.6%
  • Utah: 54.7%
  • Idaho: 44.4%
  • Delaware: 6.19%
  • District of Columbia: 5.97%
  • Texas: 4.27%
[/su_note] Make sure to research the enrollment trends and percent of students who are online only. Every school releases information about this. Keep reading for another exception to the decline in foot traffic at colleges.

#11. Dorms: Best Vending Machine Locations

If a college has a dorm, you might want to figure out how to get vending machine locations into it and the rest of the campus. Dorms tend to have lots of people at them 24/7. Don’t forget to integrate your card machine with their meal plans to get even better revenue. 

#12. Retail Locations are Great Vending Machine Locations

A retail store has two primary areas vending machines make sense:
  1. Front of the Store
  2. Break Rooms
The front of the store should be things that people run in to get quickly like personal hygiene products, while the break rooms would be perfect for snack machines and drink machines.

#13. Gas Stations Use Vending Machines Too!

Gas station with vending machine A gas station needs a variety of vending machines, but most machines will not be coin operated. They may be from one vendor or multiple vendors.  They will typically include:
  • Coolers
  • Drink Dispensers
  • Food Heating Dispensers
  • Gas Vending Machines
  • Water Vending Machines
  • Ice Vending Machines
It’s difficult to be all things to all people so if you choose to go with gas stations, start with one type of vending option and go from there.

#14. Shopping Centers are Good Vending Machine Locations

A shopping center is another great place for vending machines. You can place a vending machine:
  • In food courts
  • Near rest rooms
  • By entrances and exits
  • Near popular stores

#15. Amusement Parks are Great Locations for Machine Vending

Vending machine placed at amusement park If there’s an amusement park in your area, you can find places to put vending machines like:
  • Drink Machines
  • Snack Machines
  • Cooked Food Vending Machines
  • Claw Machines
  • Game Machines
They’ll be outside, so they’ll have more wear and tear. A sports complex will also have similar needs.

#16. Conference Centers Need Vending Machines

These buildings make great locations for vending machines because they host meetings and conventions where people spend most of their days. You can place vending machines that offer:
  • Drinks
  • Snacks
  • Hot or Cold Meals
  • Electronics (people always forget their phone chargers)
  • Medicine
  • Personal Hygiene Products

#17. Car Washes

Car wash waiting room with vending machine A car wash is a great place for a vending machine because people often want a drink. There are two types of car washes:
  1. Self-Service: The customer drives the car through an automated wash, then cleans the interior of the car themselves. You’d want vending machines near the cleaning stations. You might also want to offer cleaning product vending machines.
  2. Employee Ran: Employees wash and clean the interior of the car while the customer waits. You’d want the vending machine in the waiting room.

#18. Restaurants Use Vending Machines to Save Time

If a restaurant has popular items that will stay good for a decent amount of time, it might boost business to offer them in vending machines. This is especially so in a location that makes it easy to pick up food on the way home from work. Check out this Pecan Pie Vending Machine outside Berdoll’s Farm:
 
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A post shared by Tracy Randall (@tracylaraine)

#19. Health Food Stores

Offer to place a vending machine outside of a health food store and help them sell their products even when they’re closed. Communities that often sponsor athletic events that involve cycling and running might especially benefit from after hours service.  

#20. Hair Salons

Salons are bustling with activity and people will often get hungry or thirsty during a cut or dye job. Provide vending machines for employees or customers to get their snacks or drink on the go. You might even be able to offer alcohol in them.

#21. Parks are Great Places for Vending Machines

Screenshot of franchiseamerica website Offering drinks and snacks in a park is another great way to find vending machine locations. If you start a Hey Buddy Franchise, you can offer treats for humans and doggies in the same vending machine. Everyone will be happy when they get a treat with man’s best friend.

#22. Laundromats Need Specialty Vending Machines

Laundromats and vending machines go together like peanut butter and jelly. You can offer snack and drink machines, but don’t forget to offer products for laundry care, too. Check out Vend-Rite for vending machines specifically made for laundromats. If you’ve ever wondered how to start a laundromat business, we’ve got a blog about that, too.

#23. RV Parks Need Vending Machines

An RV Park is a great place for a vending machine because people often need drinks, ice, snacks, or personal hygiene items while traveling. If there is an RV Park near you, see if you can provide services.

$24. Waiting Rooms: Visitors Love Vending Machines

A waiting room is a great place to put a vending machine with healthy snacks like protein bars and granola bars. You’ll probably do well with drink machines as well. Provide vending needs for people waiting for a service to be completed and make a nice profit doing it.

#25. Break Rooms: Employees Need Snacks 

Break room with vending machines Employees need a place to get an easy snack or drink and a vending machine in the break room can be highly profitable. You’ll get a steady flow of revenue from these, especially in 24/7 businesses.

#26. Reception Desks Like Vending Machines

Placing a vending machine near the nurses' desks is a great way to make a huge profit because you can serve customers, visitors, and staff all from one machine.

#27 Fire Stations Need Food And Drinks

Firefighters commonly live at their stations during their shifts. They need drinks and snacks, so make it easy for them with a vending machine. Now that you know where to put vending machines, let’s look at how to find a vending machine location.

How to Find Vending Machine Locations

Screenshot of vending machine article There are a ton of ways to find vending machine locations. You might want to try some of the following ideas.
  • UpFlip: Buy Existing Routes
  • BizBuySell: Buy Existing Routes
  • Craigslist: Buy Existing Routes or Used Machines
  • Vending Locator: Pay a Fee To Find Suggestions in Your Zip Code(s)
  • Do Your Own Research: We’ll Show You How Next.

How to Find Locations For Vending Machine Using Business Lookups

You can look up businesses online to establish places you want to offer to put vending machines. I’m going to use Clark County, Nevada as an example. You’ll want to follow these steps:
  1. Find Business Lookup Site for Your City
  2. Review Search Options
  3. Search by Category, Date of License, or Zip Code
  4. Review Businesses
  5. Reach Out to Business Owners
  6. Visit the Location
  7. Provide a Vending Machine Contract Proposal
The following steps are sparsely cited because this is a strategy I use when conducting research for my consulting business. Let’s look at each step.

Find Business Lookup Site for Your City

Screenshot of google website Do a quick Google Search to find your local business licensing lookup. In this example, the search would look like “Clark County business license lookup.” The results should look similar to the picture below: Screenshot of clarkcountynv website You want to make sure that it is the real site, which means look for a .gov in most scenarios. Click the link that says “Business License Search.” That will bring you to a page that will be similar to the one below: We’ll discuss what to do here in the next step.

Review Search Options 

On this step, you’ll have different ways to search for a business license including:
  • Business Name: Use if you know the official business name, which is unlikely without some research.
  • Business Owner: Use if you have a friend that owns businesses and you want to know where they are.
  • Address of Business: Use if you know the exact address.
  • Parcel Number: Use if the building is under construction and you can find the Parcel Number (normally found on signs).
  • Business Category, Date of License, and Zip Code: This is the money maker. Find businesses that are in specific categories, then filter it by date and zip code.
  • License Number: You’ll only know this if you have already dug into the information about a company.
Click on the “Search Business Category” option and it will take you to a page that looks like the one below: Screenshot of search business from clarkcountrynv website

Input Category, Date of License, or Zip Code

Each state will have slightly different options, but should be similar. I’ve done this in Dallas, Las Vegas, and Seattle, where all were similar. You can fill in as many of the following fields as you want.
  • Category or Sub-Category: This option narrows the field down based on the license type. I’ll use “Category 072 Sub-category 170 Transient Lodging Establishment - Hotels, Motels, and Other,” but I’d normally leave this blank at first.
  • Date of License: You can put a range. The wider the range, the more results. I used from June 1 to December 31 of 2022, but I’d normally use only December.
  • Zip Code: Choose one, multiple, or all locations. If you choose multiple in Nevada, you’ll need to conduct multiple searches.
  • Business Description: You can input keywords to see what comes up.
  • License Status: “Active,” “Active and Pending,”  “Pending,” or “Inactive” are options on this page. Each state may be different.
Once you’ve put in the information, click enter and you’ll get results like the ones below. You’ll want a list of businesses to research that includes about 50-250 businesses, depending on how many machines you are trying to place. I only found six hotels so I would need some more from other categories in this example. Screenshot of search result from clarkcountrynv website Next, we’ll want to review each business.

Review Businesses

If you click on one of the licenses, it will take you to the summary page, which looks like the picture below. You specifically want the address, phone number, and owners’ name from the screen. Do your research on them to find out:
  • The best way to contact them. 
  • Personal interests, which can make it easier to connect on a personal level.
  • Interesting accomplishments (also used to connect).
  • Challenges they are facing (how you can help them).
Once you find enough information, it’s time to reach out to them. Screenshot of detail information from clarkcountrynv website

Reach Out to Business Owners

Depending on the business, you can either do an email lookup, call them, or just go up there. An email or call is less expensive and might help establish if they are open to discussing your proposal. If they agree to meet with you, go visit them. If not, move on to the next business.

Visit the Location

When you visit the location, bring a:
  • Vending machine contract proposal
  • Literature about your machines
  • Examples of how working with you will benefit them (or a document that puts your promise to them in writing)
Remember to be friendly and observe the location so you can describe where you’d put the machines and how often you’d provide service.

Provide a Vending Machine Contract Proposal

Once the property owner agrees that it makes sense to have a vending machine on their property, negotiate the terms and provide them a vending machine proposal contract. While many vending machine companies don’t like offering a percentage to the property owner, it is common to pay 5% to 20% of sales for lease of the space. Once they sign, start preparing to service their location.

Ready to Take The Next Step?

Now that you have established where to place your vending machines, it’s time to place them and provide stellar service to your customers. We’ve partnered with Adam to bring you the best information on starting a vending machine business. Sign up for our free class below:
What are your favorite vending machine locations?
  • Offices
  • Hospitals
  • Schools
  • Gyms
  • Other
Starting a bike shop is a rewarding career if you have the passion and skills. A bike business is a line of work where even a simple operation can generate substantial profits. Want proof? We interviewed two business owners who took different approaches to starting a bike shop. Armen, founder of the Glendale-based Bicycle Pit Stop, started his business in high school to make some extra money and fill his time. He used the common garage, a business strategy that many entrepreneurs use. Meanwhile, Troy Rarick started Over the Edge Sports (OTES) using a business-minded approach that involved creating a business plan, securing investors, and developing a marketing strategy to pull people into his small town on their way to Moab, Colorado. From there, Troy has expanded OTES to multiple locations across the globe. Whether you are more like Armen or Troy, there is an opportunity for you to start a shop focused on bikes. We'll discuss the steps to start a bike business and share insights from both Troy and Armen. The cycling industry generated over $12 billion dollars in 2020 and is expected to grow 5% by 2029, generating opportunities to find your niche in the industry and help other enthusiasts get on bikes. If bicycles are your passion, this guide will help you start a bike shop. An operational bike shop often comes with the equipment, inventory, and location all in one, and is a faster way to get started.

Step 1: What bike business is right for you?

Man in a bike shop Conduct research to determine what is right for you. Your bicycle store should be run in a way that works for you, but will also satisfy your customer's desires. You may want to run a store focused on professional cyclers, one that caters to local riders, or you may want a warehouse where you focus on online sales. You aren't limited to just one type, but the type of business you choose will impact every decision you make going forward. Bicycle Pit Stop focuses on all bicycles, including electric ones, but excluding motorcycles. Meanwhile Over the Edge rents and sells mountain bikes to ride on their trails. Many consumers start their shopping experience online, so a shop that can sell a bike in person or online is a good way to start your bike business.

Mountain Bikes

Mountain Bikes are the largest segment of bike sales, with over 25% of cyclists saying their next bicycle purchase will be a mountain bike. Make sure you have a good variety because mountain bikes will be an easy sell. In fact, mountain bikes were what inspired Troy to start his business. While he was working on getting the funding to start the business, he was also buying land and building trails to give a unique experience to bike riders. To learn more about bike terms, check out the glossary of terms.

Step 2: Bike Business Name

I can't stress enough the importance of a bike business name. Keep reading for best practices when naming a bike business.

Does the name explain the bike business?

Bicycle Pit Stop includes the products serviced as well as what it does, Pit Stop (a reference to the quick service provided in racing).

Is it easy to spell?

Make sure your business name is easy to remember when using a search engine. A crazy name like Quasimodo Bikes makes searching for your business difficult. Register domain names for common misspellings and forward them to your website.

Location

Including your state, county, or city identifies you as a local business. For example, Las Vegas Mountain Bikes would be a business located in Las Vegas.

Branding

Does your name fit your branding? Some business owners focus on visual ideas for a logo before a name. Las Vegas Mountain Bikes might have a logo with mountains, the strip, and bikes. It's about communicating ideas, right?

Register a .com

Find a name for which the .com domain is available. It’s the most recognizable. You can conduct a search by clicking here.

Give it a go!

See how people like it. Make sure to check what happens if people shorten it. You wouldn't want to name a business Destin Off-Road Klub because it would get shortened to DORK, and that isn’t what you want to communicate. Check Google Trends. Read articles like Five Tools for Naming a Business. Finally, register your business name with the government.

Step 3: Write a Business Plan

Business plannig for a success business You need a bike shop business plan to help define your vision, objectives, and strategy. Its purpose is to drive the direction of your business by guiding decisions, securing financing, and developing partnerships with other businesses.  Armen told us: [su_quote]In the beginning there was no plan. Just make everything as nice as possible. Then the plan started forming. I looked at it as the future of the business. I always stuck to service. The plan always changes.  It grows and evolves into an art.[/su_quote] Having a flexible business plan that is constantly evolving is a great approach to the process and allows for businesses to pivot when necessary. Here are some resources to help with this step.

Templates

These business plan templates focus on helping small businesses succeed. Want to know the best part? They are all free!
  • One-page business plan
  • U.S. Small Business Administration (SBA) Business Guide
  • State-specific templates
  • Business Plan Template for a Startup Business

Resources

It gets better! Enjoy free and low-cost resources about writing successful business plans:
  • How to Write a Business Plan
  • SCORE’s free business plans and startup assistance resources
  • The Complete Business Plan Course (Includes 50 Templates)

Step 4: Establish a legal structure

You have a business plan and name. Now you need to establish the legal structure for your bike business. For best results, hire legal representation that has experience starting a business, like an attorney, accountant, or tax specialist. They'll help you get your business started quicker so you can start selling bikes faster.

Licenses, permits, and tax forms

Permits needed for starting a bike business Each location has different licenses, permits, or tax forms required. Use the SBA License and Permits page to identify what your bike shop needs. Let’s look at different legal structures for bike businesses.

Sole proprietorship

A sole proprietorship is the easiest way to start a bike business. The bike company doesn't protect the owner’s personal assets, meaning if the company has legal issues, you could lose your home as well as your business. This structure should only be used if you cannot afford an LLC because bike companies have work that can cause injuries. To start a sole proprietorship, fill out a special tax form called a Schedule C. Sole proprietors can also join the American Independent Business Alliance.

Limited Liability Corporation (LLC)

LLC is the most common business structure used in the United States because the company protects the owner’s personal assets. It's similar to partnerships and corporations but can be a single-member LLC in most states. An LLC requires a document called an operating agreement.

Partnerships and corporations

Partnerships and corporations are typically for massive organizations or legal firms. Unless there is a specific reason you need a partnership, it is better to do a multi-person LLC. Investopedia has good information about partnerships and corporations here.

Franchise

There are several opportunities to purchase bike franchises. Franchising.com has two franchise opportunities in the United States and two in Australia that allow you to start a bike business using a reputable company's name and business processes. This makes it where an entrepreneur can benefit from the reputation of a bike business that has already worked out many of the kinks of starting from scratch.

Step 5: Getting Ready for Cycling Customers

Customers buying bike in a bike shop Your bike business is an entity now, but you still need more. The order you do the rest of the steps will depend on the resources you have, your skill sets, and the type of bicycle business you are running. There are five areas of business you will need to focus on to get your shop running:
  • Location - Where will you be working?
  • Inventory - What will you have in stock and how will you pay for it?
  • Employees - Will you have employees and how will you make sure it is a safe environment?
  • Finances - How will you keep track of transactions and financial records?
  • Marketing - How will you find customers?

Step 6: Location

Finding a location will vary based on the bike business. For instance Armen started repairing bikes out of his garage while Troy was building trails for people to ride their mountain bikes. When deciding to rent a space for a bicycle-based business, consider:
  • How will I store equipment and parts?
  • Is there space for a home-based office?
  • Will customers be coming to my location?
  • How much inventory will I have?
  • How much display space do I need?
  • How much space is needed to perform repairs?
  • Will I be doing mobile repairs?
When opening a bike shop, you will probably need to rent space in your city. To find spaces to rent in your area, contact a local commercial real estate agent. You can search for them by your area here.

Know the local ordinances

Each city and state has different requirements for where a business is allowed to be located. Local ordinances might not allow a bike business to be home-based. How am I supposed to start my shop with so many rules about bikes? Just search Municode Library to find your city regulations.

Finding a good spot

Pins on a map When looking for a space to rent, take into consideration your ideal client and what stores they might frequent. For instance, they might want coffee or a smoothie after a long bike ride. Finding the right place will take some research, which will be much easier after considering your marketing efforts.

Step 7: Inventory, Tools, and Product Displays

A new shop requires inventory. Whether it is new bikes, replacement parts, or product displays for your store, there will be some costs associated with selling and repairing bikes. Each of the business owners we talked to while researching this article took different approaches. Armen started his business with virtually no inventory. He'd order it off of Amazon when he needed a part. This kept his upfront costs low. Troy decided to go a different route and have inventory upfront so that people could rent or buy bikes to ride the trails he'd built. To find a list of major bike manufacturers, check out this article.

Used tools and product displays

Tools and product displays can often be found at huge discounts if you buy them used. You can find used tools and product displays through most online markets, pawnshops, going out of business sales, and other places. If you are considering buying an existing business, they should be included in the purchase price. Learn more about valuing an existing business in our guide about buying businesses.

Step 8: Employees

Bike shop mployee holding a bike wheel Troy emphasized the importance of good people, saying: [su_quote]Hiring good people. I see now that once you get good people, honor that beyond all else... Honor your people, and never keep disruptive people, no matter how short-staffed you are. Good people HATE lame Coworkers.[/su_quote] An open bicycle shop might need employees. Depending on your financial position when starting, you can work all the hours yourself or hire employees. Either way, there are some things you'll be required to do. Keep reading for more info.

Employer Identification Number

Get an Employer Identification Number (EIN) from the IRS to identify your company. Apply here or call 800-829-4933.

Tax filing and withholding

Federal and state tax filing requirements apply to new employers. You must keep records of employment taxes for at least four years, including special forms and accounting for state taxes. Don’t worry! We've got you covered! Check out the IRS guide for employers here.

Unemployment Insurance Tax 

Unemployment Insurance Tax is required. It is a program under the Social Security Tax for employers.

Federal employment and labor law posters

All employers must display Workplace Posters, which you can download from the website. Other requirements include:
  • Employment Eligibility Verification (Form I-9)
  • State’s New Hire Program
  • Worker’s Compensation Insurance
  • Disability insurance—varies by states
  • Occupational Safety and Health Administration (OSHA)

Job Posting

Recruitment process for hiring employees Hiring people requires posting “now hiring” signs and posting on prominent job boards. Some places you can start posting job requirements are:

Interviews

Having a prepared list of questions for interviews can make hiring the right people easier. Indeed offers a variety of resources to help you make better hiring decisions. Read their guide: How to hire your first employee.

Compensation

Employees are typically a company's biggest expense. Let’s take a closer look. There are 3 common pay structures in business. Each fits different scenarios.

Salary

Man holding payroll record of employees Flat weekly/monthly rate based on a person working a specific number of hours. This is typically reserved for owners, managers, and some admin roles. You might want to assign this to yourself for budgeting purposes.

Hourly

This pay structure just tracks the hours an employee works and pays them a set hourly rate. This pay structure is solely based on time, not performance.

Fixed-Rate

This pay structure is used for mechanics and other tradespeople where billing is based on the expected time it takes to complete a task. This is a way of combining performance and time into the pay structure because those who complete a job successfully in less time have more opportunities to work on other projects. This also protects the company from overcompensating for the learning curve.

Commission

Typically used in sales to give employees a percentage of revenue. It is a strictly performance compensation model.

Hybrid Models

Hybrid models combine two pay structures. For instance, hourly and commission to compensate for time and performance. The hourly rate will typically be lower than an hourly rate without commission, but the commission should make it where good performing employees make more than they would without commission. These structures also help reduce the variability of pay from week to week. Paying employees an hourly wage works for most positions if your new bike business doesn't require salespeople. The article, “How to Create a Pay Structure That Promotes Team and Company Growth” offers some insights into thinking about pay structure.

Step 9: Financial Management

Man using a calculator for business A crucial portion of successfully starting a small business is managing the financial aspect of the bike store. Armen told us when he started his bike shop: [su_quote]I opened a business credit card, and that is what got me started. Supporting myself through other side businesses also helped.[/su_quote] That is a pretty risky way of starting a business that requires financial discipline because credit cards have high interest rates. To find banks that work with small businesses, use this resource. Let's look at some tricks you can use to help your bike shop become profitable.

Budget! Budget! Budget!

A budget is the most important tool you can use in business. Without it, your bike shop might not make it through the first few years. While Armen started Bicycle Pit Stop with a shoestring budget, Troy says: [su_quote]I borrowed $10,000 from my parents, recruited an investor partner, and begged credit from vendors[/su_quote] Troy spends a good bit of time discussing his budgeting strategy so I've put together a table to help you understand how he budgets. Basically, he uses rules of thumb to keep his net profit margins around 10%. The table below shows what each of his budgets would be for $100,000 revenue in a bike business. Troy loves Quickbooks because it lets him "develop budgets quickly without an accounting degree." To learn more about budgets, check out low-cost courses from Udemy 

Consider the many funding options

Starting a bike shop doesn't cost a fortune. The initial investment in owning a bike shop can be one year of savings. Funds to start your bike shop can come from:
  • Personal funds
  • A loan from family or friends
  • Business partner(s)
  • Government programs
The SBA offers free courses on financing options and funding programs. For info on using personal funds to start a business, check out this article from The Hartford. Alternative sources of funding include:
  • Crowdfunding
  • Credit cards
  • Home equity loan
  • Rollover for business startups (ROBS)

Develop a pricing structure

Woman searching for the best pricing for bike shop business How you price your bikes and services will impact how many people you draw to the shop. If your prices are too high, they'll go elsewhere. Too low, you'll lose money. Based on the rules of thumb presented by Troy in his interview, you'll make about $10-27k for every $100k in sales if you use a 50% markup, which is pretty standard amongst businesses.

Don't undersell to get new customers

Shops will often sell their products or services for a lower price to bring in new customers. Be careful about this. If you sell your bikes for a discount and they tell others, you might have to sell another bike for the same price. People love a good deal! Just make sure it is sustainable for your bike shop.

Increase prices every year

Inflation occurs every year. To keep your business running, raise your prices 5% per year. It gives you room to increase wages and to make some extra money. Makes sense, right?

Step 10: Marketing

Your Bike shop is open. You have bikes to sell, parts to fix bikes that people bring in, but no clients! How are you going to let people know about your company? Marketing is crucial for all new businesses. Both Armen and Troy spent a good bit of time discussing their marketing strategies with us. Let's look at what they have to say!

Bicycle Pit Stop Marketing

Armen tells us he started with Yelp, then gradually added Google. Over time, he has also added Instagram to market his bike shop. He thinks: [su_quote]Yelp has been there the entire time. Yelp was the best thing that could ever happen. I don't like paying them. Lately, I have just been paying the minimum. [/su_quote] It sounds like Yelp's pricing forced him to look for less costly alternatives and drove him to Google My Business and Instagram where he can do marketing without paying to show off his shop and bikes to people.

Over the Edge Sports Marketing

Marketing team for bike shop business Troy uses a variety of methods to market his bike company. While he doesn't discuss his social media marketing, a little research shows each of their locations has thousands of followers and hundreds of posts. It's obvious that they put some effort into social media to advertise their shop. Bike enthusiasts can share their photos as well. Troy uses some innovative ways of marketing as well. He discusses how his bike company got to be known throughout the biking world by hosting the lunch at a bike convention: [su_quote]I couldn’t afford big marketing or a trade show booth, so I started hosting a lunch at the annual bike trade show, I called it the “show lunch”. It became iconic. We poured more tequila than we served food but the “who’s who” of the MTB World came to lunch. They brought friends and other VIPs, and people still tell me “it was the best part of the trade show”. I remember when that lunch bill reached $5,000; I was terrified Could I afford this? Yes, now I know, go all in and love your people, it made us what we are and it’s SO important to never let up on that honest effort to honor your people. [/su_quote]

Influencers

USA Cycling offers resources for clubs that can help with marketing influence. You can join one or start your own. Another common marketing tool is social media influencers. For a list of cycling influencers, check this article out or use a hashtag generator to get the attention of cycling enthusiasts on your social media channels.

Conclusion

To recap this guide on how to start a bike business, ask yourself the following questions:
  • Do I know how to start a bike business?
  • Is it worth it for me to start a bicycle business?
  • Will I be comfortable speaking to clients?
  • Am I starting a bike business this year?
  • Why am I starting a bike business?
  • Do I need employees or advice?
  • What will I need to feel successful?
Take the next step. Now that you know how, start a bicycle sales or repair business! The truth is, all it takes is a great idea, some skills in repairs and sales, and a good marketing strategy to get started. As Armen told us: [su_quote]There is no such thing as right or wrong. If it works for you, let it be. There is no such thing as mistakes in business. Mostly I look at everything as a learning curve[/su_quote] Let us know in the comments below if you have any questions—we’ll be more than happy to help!

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