5 Most Profitable Business Opportunities in New Orleans
The most populated city of Louisiana, New Orleans has a 300-year-old history which revolves around a unique culture, a galore of celebrations, and a happening food and drinks scene. Boasting of a calendar marked with festivals throughout the year, it is the favorite spot of revelry seekers. Whether you want to be a part of the world famous Mardi Gras celebration or the music festivals, the city allows you to participate in an event almost every day.
Besides the festivities and cultural euphoria, the city is a major port which is famed as a leading commercial center in the broader Gulf Coast region of the USA. The city has a burgeoning maritime industry and is home to many corporate offices of petroleum and natural gas production organizations. It has a predominant manufacturing sector as well as a fast-growing healthcare and tourism industry. The progress and prosperity coupled with the migration of the skilled population has made the city a sought-after landscape for business growth.
Consequently, many entrepreneurs who are vying for businesses for sale in the United States of America are now aiming at New Orleans. There are many opportunities coming up in this amazing hinterland which are proving rewarding for aspiring entrepreneurs. Here is a list of the top seven established businesses which are worth investing.
1. Restaurant Business For Sale
The restaurant industry has been growing steadily from the 1970s with a little roadblock that hit hard during the economic downturn of 2008. However, the industry bounced back with a vengeance and has never looked better with its roaring success. The total food and drinks sales from the US restaurant industry peaked to $766 billion in 2016 and are moving up continuously. Various lifestyle changes have made the business more profitable such as the increased inclination towards organic and healthy eating which has led to the establishment of many vegan restaurants, organic foods menu, gluten-free foods, and exotic and healthy cuisines from all over the world.
Social media influences like Instagram uploads of aesthetically pleasing food preparations and Facebook restaurant check-ins have increased the popularity of many restaurants. Food blogging has become a full-fledged career choice, and food delivery apps are bringing the restaurant food into homes with ease. The digital world has revitalized the way Americans enjoyed dining out, and the numbers are proof of this change. If you too want to become a part of this vast industry, then check out the link below.
2. Retail Business For Sale
Acquiring a retail shop is a dream for many young professionals who wish to channel their interpersonal skills into improving sales and forging partnerships. Whether you intend to become the owner of something unique like an art memorabilia gallery or want to sell an everyday utility item like shoes and clothes, the city has ample opportunities in every category. This highly competitive sector is beneficial in enhancing the productivity and efficiency of the market players who keep enticing customers with exceptional offerings.
There were around 3.8 million retail establishments in the US in 2016 which generated revenue of $2.6 trillion. The sector is expected to reach close to $3.3 trillion in 2020 with more profits being generated by the industry. The booming sector is an ideal platform to become an entrepreneur in the US which thrives on its commercial activity. To find such brilliant opportunities in New Orleans, please click on the link below.
3. Bars For Sale
The nightlife in every city of US is full of fun and frolic, and when you are in New Orleans the party never stops. Bourbon Street in the city is famous for its bars and nightclubs which offer amazing experiences to people who want to relax and let their hair down. The growing economy has made people come out of the comfort of their homes and head towards bars to enjoy a few drinks with friends and colleagues.
The bar and nightclubs industry touched the mark of $26.7 billion in 2018 and is expected to grow further. As the household income in urban areas is rising and their alcohol consumption is increasing, the industry is all set for a resounding success. If you want to acquire a bar in the city and grow with this industry, then click on the link below.
4. Service Business For Sale
The service sector in the USA is a flourishing industry which covers professional services, non-manufacturing businesses, and healthcare services. It forms almost 80% of the US gross domestic product as the activities in these circles are at an all-time high in the country. From nursing and housekeeping to hauling, snow removal, and residential cleaning, all these businesses are registering a rising income as there is a considerable population of aged people who need assistance with chores.
Additionally, the urban population is leading an extremely busy lifestyle, and most households are enjoying a double income which makes it easy for them to hire such services and boost the sector. From pet sitting to landscaping, there is a range of businesses you can acquire. To find the most suitable ones, click here:
5. Franchise For Sale
When planning to snap up an established business, most consider a franchise outlet as it does not involve many risks. The consumer base is already aware of the brand name, and the franchisor provides full training and ongoing support which allows the buyer to get everything which is tried and tested. These turnkey businesses are easy to operate and have been flourishing in the country for the longest time.
Names like McDonald’s, KFC, Subway, Burger King, Domino’s, 7 Eleven, Intercontinental Hotels and Resorts – all originated in the US and are now scaling the world map. There were as many as 745,290 franchise businesses operating in the country in 2017 and the number keeps rising every year. It is a promising sector and if you wish to invest in it then take a look at the best opportunities available on the link below.
The city of New Orleans has an entrepreneurial spirit which has shown adaptability over the years. Emerging from the adverse effects of hurricane Katrina and the recession with flying colors, the city throws up several opportunities. Whether you are a seasoned businessperson or a newcomer, you will find a suitable business for sale in the United States of America for sure.