10/29/2024
Are you an entrepreneur?
See if my list holds up to your views..
My 2024 Startup List.
1. Laundromats
Success Rate: ~95%
Startup Costs: $100,000 to $300,000
Profit Margin: 20% to 35%
Source: www.northone.com , www.martinray.com
2. Self-Storage Facilities
Success Rate: ~90%
Startup Costs: $100,000 to $500,000
Profit Margin: 45% to 60%
Source: www.ibisworld.com , www.sba.gov
3. Mobile Car Detailing
Success Rate: ~85%
Startup Costs: $5,000 to $15,000
Profit Margin: 30% to 40%
Source: www.ibisworld.com , www.entrepreneur.com
4. Car Washes
Success Rate: 85% to 90%
Startup Costs: $50,000 to $500,000+
Profit Margin: 10% to 25%
Source: www.sba.gov , www.entrepreneur.com
5. ATMs (Automated Teller Machines)
Success Rate: ~85%
Startup Costs: $2,000 to $10,000 per machine
Profit Margin: 70% to 85%
Source: www.vendinglocator.com , www.coinlaundry.org
6. Mobile Pet Grooming
Success Rate: ~85%
Startup Costs: $10,000 to $30,000
Profit Margin: 50% to 60%
Source: www.smallbizgenius.net , www.ibisworld.com
7. Pet Boarding and Daycare
Success Rate: ~85%
Startup Costs: $20,000 to $50,000
Profit Margin: 30% to 40%
Source: www.entrepreneur.com , www.sba.gov
8. Vending Machines
Success Rate: 80% to 85%
Startup Costs: $1,500 to $10,000 per machine
Profit Margin: 20% to 30%
Source: www.vendsoft.com , www.healthyvending.com
9. Medical and Health Franchises
Success Rate: ~80% to 85%
Startup Costs: $50,000 to $150,000
Profit Margin: 30% to 50%
Source: www.ibisworld.com , www.franchise.org
10. Property Management Services
Success Rate: ~80%
Startup Costs: $5,000 to $20,000
Profit Margin: 30% to 40%
Source: www.entrepreneur.com , www.sba.gov
11. Self-Service Laundromats
Success Rate: ~85%
Startup Costs: $50,000 to $200,000
Profit Margin: 20% to 30%
Source: www.entrepreneur.com , www.martinray.com
12. Daycare Services
Success Rate: ~80%
Startup Costs: $10,000 to $50,000
Profit Margin: 20% to 25%
Source: www.ibisworld.com , www.northone.com
13. Accounting and Tax Preparation Services
Success Rate: ~80%
Startup Costs: $2,000 to $10,000
Profit Margin: 30% to 50%
Source: www.sba.gov , www.entrepreneur.com
14. Educational and Tutoring Services
Success Rate: ~75% to 80%
Startup Costs: $1,000 to $5,000
Profit Margin: 35% to 50%
Source: www.sba.gov , www.guidantfinancial.com
15. Specialty Coffee Kiosks
Success Rate: ~80%
Startup Costs: $10,000 to $30,000
Profit Margin: 15% to 25%
Source: www.franchise.org , www.ibisworld.com
16. Home and Commercial Cleaning Services
Success Rate: ~75% to 80%
Startup Costs: $2,000 to $10,000
Profit Margin: 30% to 40%
Source: www.ibisworld.com , www.smallbizgenius.net
17. Subscription Box Services
Success Rate: ~75%
Startup Costs: $10,000 to $25,000
Profit Margin: 20% to 40%
Source: www.guidantfinancial.com , www.ibisworld.com
18. Health and Wellness Coaching
Success Rate: ~75%
Startup Costs: $3,000 to $7,000
Profit Margin: 25% to 35%
Source: www.smallbizgenius.net , www.entrepreneur.com
19. Online Course Creation and Sales
Success Rate: ~80%
Startup Costs: $500 to $5,000
Profit Margin: 50% to 70%
Source: www.entrepreneur.com , www.guidantfinancial.com
20. Self-Serve Frozen Yogurt Shops
Success Rate: ~75%
Startup Costs: $50,000 to $100,000
Profit Margin: 20% to 25%
Source: www.franchise.org , www.northone.com
