20 Profitable Small Businesses to Start in Florida in 2024

Florida is a fantastic place to start a small business. The weather is great, the economy is booming, and there are tons of opportunities. If you’re thinking about starting small businesses in Florida the Sunshine State, you’re in the right place.

In this post, we’ll cover 20 super profitable small business ideas perfect for Florida in 2024. These businesses have high growth potential and can be started with relatively low costs.

Profitable Small Businesses to Start in Florida

1. Outdoor Recreational Rentals

Florida has amazing weather year-round. That makes it perfect for all kinds of outdoor activities. Start a business renting out kayaks, paddleboards, bikes, scooters, and other fun stuff. You can shop near the beach, lakes, or other popular recreation areas.

According to the Florida Office of Economic and Demographic Research, Florida’s tourism industry is projected to continue growing in 2024. This creates a huge demand for recreational rentals. The global outdoor recreation equipment rental market is expected to reach $23.8 billion by 2027, growing at a CAGR of 6.9% from 2022.

2. Craft Brewery

Craft beer is hugely popular in Florida. The state has over 300 craft breweries, with more opening every year. Starting your craft brewery could be a very lucrative business. You can distribute to local bars, restaurants, and stores, or even open your taproom.

The craft beer industry in Florida is thriving. Data from the Brewers Association shows that craft beer sales in the state grew by 7.5% in 2021, reaching over $1 billion. And with 30 million annual visitors, Florida has a huge potential customer base for craft brews.

3. Food Truck

Food trucks are a booming business in Florida, especially in popular tourist areas. You can serve up delicious, creative cuisine and build a loyal customer base. Food trucks have relatively low startup costs compared to traditional restaurants.

The Florida food truck industry is projected to grow 6.8% annually through 2026, reaching over $1.2 billion in sales. Florida has a thriving food truck scene, with major events, festivals, and competitions that provide great exposure.

4. Coastal Landscaping

With its sunny climate and beachy vibes, Florida is the perfect place for a coastal landscaping business. You can design and maintain beautiful, tropical-inspired gardens and outdoor spaces for homes and businesses.

The landscaping industry in Florida is huge, valued at over $9 billion. And the coastal/tropical aesthetic is hugely popular, both for residential and commercial properties. As more people move to Florida, there will be a growing demand for professional landscaping services.

5. Pet Grooming and Boarding

Florida has a ton of pet owners, many of whom are willing to spend big bucks on their furry friends. Open a pet grooming salon, doggy daycare, or boarding facility to cash in on this lucrative market.

According to the American Veterinary Medical Association, 57% of Florida households own at least one pet. The pet care industry in the state is worth over $3 billion annually and is expected to keep growing.

6. Personal Training and Fitness

Florida’s fitness-focused culture creates great opportunities for personal trainers, group fitness instructors, and boutique fitness studios. Whether you specialize in strength training, yoga, Pilates, or something else, you can build a thriving fitness business.

The health and fitness industry in Florida is booming, with over $4 billion in annual revenue. The state has one of the highest rates of gym/fitness club memberships in the country at 23.8% of the population.

7. Home Cleaning and Maid Services

As Florida’s population and tourism industry expands, so does the demand for professional home cleaning and maid services. This is a low-cost business to start that can become highly profitable.

The U.S. home cleaning services market was valued at $18 billion in 2021 and is projected to reach $22.5 billion by 2026, growing at a CAGR of 4.5%. Florida has a huge potential customer base, with over 22 million residents and 130 million annual visitors.

8. Artisanal Food and Beverage Production

From small-batch jams and sauces to craft sodas and kombucha, artisanal food and drink products are hugely popular in Florida. You can tap into this trend by starting your own specialty food or beverage business.

The global artisanal food market is expected to reach $87 billion by 2027, growing at a CAGR of 8.1%. The global organic food and beverage market, a key part of the artisanal trend, is projected to hit $382 billion by 2025.

9. Eco-tourism and Nature Tours

With its beautiful beaches, lush wetlands, and incredible wildlife, Florida is a nature lover’s paradise. Start a business offering eco-tours, birdwatching trips, swamp tours, and other nature-based adventures.

Florida’s tourism industry is heavily focused on outdoor recreation and nature experiences. According to a report by Visit Florida, 43% of visitors engaged in outdoor activities during their trip to the state. The global ecotourism market is expected to grow 15% annually, reaching $333 billion by 2027.

10. Senior Care Services

Florida has a huge and rapidly growing senior population. This creates major opportunities for businesses providing in-home care, assisted living services, adult daycare, and other senior care solutions.

Over 20% of Florida’s population is aged 65 or older, the highest percentage of any U.S. state. The senior care industry in Florida is worth over $30 billion annually and is projected to keep expanding quickly.

11. Home Renovation and Remodeling

Florida’s hot real estate market means lots of demand for home renovation and remodeling services. Whether it’s kitchens, bathrooms, outdoor living spaces, or whole-home makeovers, this is a lucrative business to be in.

The home improvement industry in Florida generates over $30 billion in revenue each year. And with more people moving to the state, demand for home renos is expected to remain strong.

12. Boat Detailing and Maintenance

Florida’s coastal lifestyle means tons of boats. Start a business providing professional boat detailing, cleaning, and maintenance services to earn good money.

There are over 950,000 registered boats in Florida, the second-highest total in the U.S. The state’s boat dealers and service shops bring in over $3 billion annually.

13. Coastal Interior Design

Florida’s laid-back, beachy aesthetic creates a big demand for interior design services specializing in coastal, tropical, and resort-style decor. You can help homeowners and businesses create beautiful, on-brand spaces.

The interior design industry in Florida generates over $2 billion in revenue per year. And with tourism and population growth, more properties will need professional design services.

14. Event Planning and Coordination

Florida’s sunny weather, beautiful venues, and thriving event scene make it a prime location for an event planning business. You can organize weddings, corporate events, parties, festivals, and more.

The event planning industry in Florida is worth over $3 billion annually. And with 130 million visitors per year, there are tons of opportunities to plan events for tourists and locals alike.

15. Vacation Rental Management

Florida’s massive tourism industry means a huge demand for vacation rental properties. You can start a business managing short-term rentals, handling everything from cleaning to booking to guest relations.

According to AirDNA, the Florida vacation rental market generated over $6 billion in revenue in 2021. And with more people moving to the state, the demand for quality rental management services will only grow.

16. Specialty Retail

Whether it’s luxury coastal goods, trendy fashion, or unique artisanal products, Florida offers tons of opportunities for specialty retail businesses. You can open a brick-and-mortar store or sell online.

With its affluent population and constant influx of tourists, Florida is a prime market for specialty retail. The state’s retail industry generates over $400 billion in sales annually.

17. Professional Photography

With its beautiful natural scenery, iconic landmarks, and vibrant culture, Florida provides endless inspiration for professional photographers. You can offer portrait sessions, event coverage, product photography, and more.

The photography industry in Florida is worth over $500 million per year. And with the state’s huge tourism industry, there’s a high demand for professional photographic services.

18. Fitness Apparel and Equipment

Florida’s health-conscious consumers love their workout gear. Start a business selling stylish, high-quality fitness apparel, accessories, and equipment, either online or in a retail space.

The global athleisure market is projected to reach $549 billion by 2028, growing at a CAGR of 8.1%. And as one of the most fitness-focused states, Florida represents a major opportunity.

19. Wellness and Spa Services

Wellness services are hugely popular in Florida, from massages and facials to salt therapy and cryotherapy. To capitalize on the state’s health-conscious consumers, open a day spa, medi-spa, or boutique fitness studio.

The spa industry in Florida is worth over $2 billion annually. And with the state’s large population of health-focused residents and tourists, there’s plenty of room for new wellness businesses to thrive.

20. Coworking and Office Space Rental

As remote work and entrepreneurship grow, the demand for flexible, amenity-rich coworking and office space rental options is skyrocketing in Florida. You can provide modern, collaborative workspaces for solopreneurs, freelancers, and small businesses.

The coworking industry in Florida is valued at over $300 million and is expected to keep expanding rapidly. With its business-friendly climate and large, educated workforce, the state is an ideal location for this type of venture.

Conclusion

We have successfully covered 20 super profitable small business ideas perfect for starting up in Florida in 2024. With the state’s strong economy, booming tourism, and growing population, these industries represent major opportunities for entrepreneurs.

No matter which business you choose, make sure to do your research, create a solid business plan, and secure the necessary funding and resources. With hard work and dedication, you can build a thriving small business in the Sunshine State.

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