Sydney is the capital city of New South Wales, and with a population of 5.4 million people, Sydney is no doubt the most populous city in Australia and Oceania in general. Statistics show that Sydney’s nominal gross domestic product was AU$400.9 billion and AU$80,000 per capita in 2015.
Its gross domestic product was AU$337 billion in 2013, the largest in Australia. The Financial and Insurance Services industry accounts for 18.1% of gross product and is ahead of Professional Services with 9% and Manufacturing with 7.2%.
There are loads of business opportunities in Sydney and even though Sydney is ranked as one of the most expensive cities in the world, it frequently ranks in the top ten most livable cities in the world. It is classified as an Alpha global city by the Globalization and World Cities Research Network, indicating its influence in the region and throughout the world.
Ranked eleventh in the world for economic opportunity, Sydney has an advanced market economy with strengths in finance, manufacturing, and tourism. If you are looking towards starting a business in Sydney and you have not made up your mind on the choice of business to start, here are the 50 best business opportunities you can choose from.
Best Business Opportunities in Sydney, Australia
Travel and Tour Company
A travel and tour business is an ideal business to start in Sydney because Sydney is a gateway to Australia. It has hosted over 2.8 million international visitors in 2013 or nearly half of all international visits to Australia. These visitors spent 59 million nights in the city and a total of $5.9 billion.
So also, the city is among the top fifteen most-visited cities in the world, with millions of tourists coming each year to see the city’s landmarks. With over 1,000,000 ha (2,500,000 acres) of nature reserves and parks, its notable natural features include Sydney Harbour and Royal National Park.
A Bus Transportation Services Company
A Bus transportation business is a good business opportunity that can be started in Sydney because bus services today are conducted by private operators under contract to Transport for NSW. In total, nearly 225 million boardings were recorded across the bus network.
NightRide is a nightly bus service that operates between midnight and 5 am, also replacing trains for most of this period.
Start a Game Farming Business
A game farm is a place where game animals are raised to stock wildlife areas for hunting. The term also includes places where such animals are raised to be sold as food or for photography. Game farming is one of the key aspects of the beef industry in Australia.
Games are wild animals and birds. Large native game animals living in Australia include antelope, buffalo, bear, deer, elk, moose, reindeer, and wild boar. Small game includes alligator, rabbit, squirrel, beaver, muskrat, opossum, raccoon, armadillo, and porcupine.
Open a Bar & Grill Business
A bar and grill restaurant might not be entirely easy to start, but one thing is certain, it is a straightforward business that can generate steady profits if well positioned and properly managed. People often think that starting a bar and grill restaurant does not require any professional skills, but this is not true.
You need to learn how to prepare tasty barbeques cum grills, have good business skills, and have customer services skills.
Open a Beauty Supply Store
The beauty supply store business is one business that can’t go out of fashion because of the role it plays in society. Depending on the scale you want to start, the startup capital for this type of business can be considered to be moderate. You can start your beauty supply store and then grow it big within a short period by reinvesting your profits back into the business.
Open a Private Zoo
The right time to start this business is now because Sydney can boast of several species of animals. A private zoo is a business that preserves land and aquatic animal life for conservation, academic purposes, and displays to the public. Private zoos generate revenues via donations and grants, admissions, membership services, tours, merchandise, food, and beverages amongst others.
Start an Agro Tourism Business
Australia is among the top destinations for foreigners looking for countries to understudy breakthroughs in agriculture. Agrotourism is a booming line of business in Australia.
Agro tourists can choose from a wide range of activities that include picking fruits and vegetables, riding horses, tasting honey, learning about wine and cheesemaking, or shopping in farm gift shops and farm stands for local and regional produce or hand-crafted gifts.
Christmas Tree Installation Business
Christmas tree installation companies are engaged in the farming, maintenance, and installation of Christmas trees and other related decoration services. Although the Christmas tree installation business is considered a seasonal business, it is indeed a business that can fetch you additional income.
Open a Cigar Lounge
A cigar lounge or cigar bar is a place where smokers go to buy their preferred cigar brand and smoke freely without the fear of being embarrassed, arrested, or fined.
You might agree that it is now illegal to smoke in public places. The World Health Organization (WHO), in conjunction with Governments of various countries are clamping down on smoking in public places in a bid to protect non-smokers from the harmful effect of smoking.
Open a Coffee Café
Coffee cafés or shops can be located in any part of town as long as people are living or working there. Generally, coffee cafés or shops are located in airports, seaports, shopping malls, hotel lobbies, railway stations, bus stations, campuses, hospital lobbies, sports centers, and any public facilities as long as you are permitted to locate your coffee café there.
On the other hand, if you operate a mobile coffee shop, then there won’t be any restrictions on the places you can sell your coffee.
Start a Car Leather Repair Business
Most cars usually come with leather seats and interiors and when these leather seats and interiors are exposed to sun or heat, there is the tendency for them to rip off, have holes, stains, drastic color loss, peeling color, rough and cracked leather and even cat scratches hence the need for the services of car leather repair shops.
Start Dog Training Business
Becoming a dog trainer isn’t a huge task, as it does not require that you get a certification. All that is required of you is a love for animals, as well as having the skills to train dogs in various skill sets. It is very enjoyable to start a dog training business because it establishes a relationship between you and the dog and in the long run you smile to the bank.
Start Aerial Drone Photography Business
You need to know a lot about drone technology before making up your mind to go into aerial drone photography. Therefore, if you have decided to start this business, you should gather all the available materials you can get on drones and ensure that you read them up.
Your research will tell you where to attend aerial drone photography training, how to source aerial drone photography contracts, the required tools, and licenses for aerial drone photography, aerial drone photography billing administration et al.
Start Hotdog and Sausage Cart Business
The hot dog and sausage cart business are one of the businesses that an entrepreneur can successfully start on the corner of a busy street or a mobile shop without breaking the bank for cash. At the same time, big-time investors can also leverage the high demand for hot dogs and sausage to set up their hot dog and sausage cart in strategic locations all around key cities in Sydney.
Open a Feed Store
A livestock feed store is a store that retails diverse animal feeds ranging from pet and livestock feed to lawn and garden supplies. This business is open to aspiring entrepreneurs, especially those that live around farm communities or close to a food hub. All you need to get started is a well-positioned store, a steady supply of animal and bird feed, and of course, the in and out of retailing.
Open a Frozen Food Store
A frozen food store is a very easy business to start and it is not so capital intensive. Getting the right products that people want to buy and good stock keeping records are the secrets of running a frozen food store. A frozen food store can be run offline in a conventional retail store or online on an online e-commerce retail site.
Open a Gourmet Shop
Gourmet popcorn shops can be located in any part of town as long as there are children and even adults who love gourmet popcorn plying and playing around the location. Generally, gourmet popcorn shops are located in schools, parks, shopping malls, hotel lobbies, railway stations, bus stations, campuses, sports centers, and other public facilities as long as you are permitted to site your business there.
On the other hand, if you operate a mobile gourmet popcorn shop, then there won’t be any restrictions on the places you can sell your gourmet popcorn just like the conventional food truck business.
Start a Graffiti Removal Business
If you choose to start this business, then you must analyze the existing graffiti removal companies in and outside of your area. Also, you would be required to check the existing competition, as well as know their strength and weaknesses.
Knowing the weaknesses of the existing graffiti removal companies around you means that you would be able to learn from their mistakes and in turn come up with better and more preferred graffiti removal services devoid of the mistakes and weaknesses of others.
Start a Grocery Delivery Business
A grocery home delivery business is a business that helps people shop groceries and get them delivered to them in their homes or offices or any location they want it delivered. With this type of business, you can choose to own a grocery store if you have the financial capacity, or you can choose to operate without a grocery store. The bottom line is that you should know how to source groceries and how to get them delivered to your customers.
Open a Juice and Smoothie Bar
Juice and smoothie bars make and retail smoothies and fresh-made juices. Juice is one commodity that is consumed in all parts of the world and of course, those that produce juice drinks always generate sales year in and year out if the business is well–managed. The economic downturn hardly affects the consumption of juice because it is a commodity that is as affordable and considered a healthy substitute for soft drinks.
Start a Mortgage Brokerage Firm
Mortgage Brokerage firms are established with the sole aim of providing long-term loans to those who want to buy their property. With the loan you get from the bank via a mortgage brokerage firm, you can finance any property of your choice as long as you pass the screening and evaluation process.
The screening and evaluation are put in place to ensure that due process is followed before issuing a loan and the person receiving the loan must be creditworthy.
Start a Party Planning Business
Party planning is all about helping groups, and individuals plan and execute their parties whether formal or informal from start to finish.
A party planner ensures that they work with the stipulated budget of the organization or individual they are to work for and ensure that they deliver a successful party as agreed. In some cases, it is the responsibility of the party planner to draw up a budget for the host of the party once they get a brief of the nature of the party.
Start a Party Rental Business
Starting a party rental business is not so capital intensive because all that is required of you is to purchase tables, chairs, flatware, linens, centerpieces, stages, tents, canopies, and other items for public and private parties and events.
You will also need a warehouse facility or well-secured space to keep your items and also a truck to take them to and from event venues as requested by your clients. You can decide to rent out the truck or include it as a premium service.
Start a Pest Control Business
A pest control business is involved in removing or eradicating potentially harmful insects, rodents, and reptiles from farms, commercial and residential properties. Before you can start a pest control business in Sydney, you must apply for a pest control license and also pass an exam to demonstrate your ability to properly handle chemicals.
Start a Pet Cremation Business
Some people who own pets would rather prefer that their dead pets be cremated as against burying them. Cremation of pets is convenient and generally accepted by pet owners if they are given the option.
One good thing about pet cremation is that it can either be done in conventional crematories or crematories dedicated only to pets. The bottom line is that people who want a dignified way of burying their dead pets will be willing to pay for such services.
Start a Post-Construction Cleaning Business
Post-construction cleaning as the name implies is a form of cleaning that is carried out on a newly constructed building or structure. It is expected that after construction before the facility will be put to use, a thorough post construction cleaning will be carried out to clear the debris and clean the floor, railings, toilets, windows, roof, and the entire compound. No construction work will be commissioned if post-construction cleaning is not carried out.
Start HCG (Human Chorionic Gonadotropin) Business
One of the thriving businesses you can easily start from your home in Sydney with less stress is HCG (Human Chorionic Gonadotropin) business. The HCG business is indeed a profitable business to start because loads of women and even men who want to lose weight will look for ways to do it and HCG happens to be one of the healthy ways of losing weight.
One good thing about HCG products is that they can help an individual lose weight without any negative effects (hunger or weakness inclusive). HCG products are also approved for the treatment of fertility issues and they can be purchased over the counter based on prescription.
Start House Flipping Business
House flipping is all about purchasing a property that is put up for sale, renovating the property, and then reselling the property with the sole aim of making profits.
Usually, house flippers sell the home at a price that will cover both all the expenses incurred and provide enough profit to compensate for the time invested in the deal. The profit could be big and it could be small; it all depends on how good you can makeover the property and also the location of the property.
Start Scrap Metal Recycling Business
Scrap metal business is a business that is highly profitable because there is hardly any country or city where you won’t find used and abandoned metal scarps. What you need to start a metal scrap recycling business are the machines, a good knowledge of where to get used and condemned metal, and where to sell the raw materials generated from the recycling process.
Open a Sex Toy Shop
If you are looking for a business to start as an entrepreneur in Sydney and you know you have an interest in the adult stores industry, then you should consider starting a sex toy business.
Although you don’t need a college degree to establish a sex toys store, you would need some form of informal training, you might have to work as an apprentice with someone who already owns a sex toy shop or adult store. It makes it easier for you to learn the ropes.
Financial Coaching Firm
This is indeed a thriving line of business because Sydney plays an important role in the finance industry. The Financial and Insurance Services industry now constitutes 43% of the economic product of the City of Sydney. Sydney makes up half of Australia’s finance sector and has been promoted by consecutive Commonwealth Governments as Asia Pacific’s leading financial center.
Media Consulting Firm
If you have a robust knowledge of how media works and you intend to start your business, then you should consider starting a media consulting firm. There are many corporate organizations, corporate executives, entrepreneurs, and even startups that will be more than willing to patronize your services.
You won’t get it wrong when you start your media consulting firm in Sydney because Sydney is Australia’s largest media market, and each of Australia’s three commercial television networks and two public broadcasters are headquartered in Sydney. Nine’s offices and news studios are in North Sydney, Ten and Seven are based in Pyrmont, and Seven has a news studio in the Sydney CBD in Martin Place.
Open a Wine Bar
A wine bar is a bar or small restaurant where wine is the main drink available. A characteristic feature of many standard wine bars is a wide selection of assorted wines available by the glass. Some wine bars are profiled on wines of a certain type of origin, such as Italian wine or Champagne. Just ensure that you make available assorted red wines, white wines, food service, and nonalcoholic beverages.
3D Printing & Prototyping Services Business
3D Printing & Prototyping Services company offers 3D printing and rapid prototyping services. A 3D printing and prototyping service is the automatic construction of physical objects using additive manufacturing technology.
The process includes melting or softening material to produce layers, laying liquid material thermosets that are cured, and cutting thin layers to shape that are then joined together. Just ensure that you cover all aspects of 3D printing and rapid prototyping services.
Biodegradable Plastic Bag Manufacturing Business
The retail industry has now fully embraced the use of biodegradable plastic bags because the world is going the way of climate change. This goes to show that there is indeed a very large market for biodegradable plastic bags in our world; hence loads of investors cum aspiring entrepreneur are pitching their tent in the biodegradable plastic bag manufacturing industry.
Open a Bicycle Dealership and Repair Shop
The basic things you need to have in place to be successful in this type of business are technical training on how to fix bicycles, a bicycle repair toolbox, a good location, easy access to wholesale supply of bicycles and bicycle spare parts, and good customer service skills.
If your shop is located in an area with good human and vehicular traffic, and you have different types and sizes of bicycles from different brands, you may not have to struggle to get people to visit your shop and make purchases and repairs.
Companies that operate in the Biotechnology industry primarily make use of living organisms or molecular and cellular techniques to provide chemicals, food, and services that meet human needs.
An Animation Studio
An animation studio is a company that is involved in the production of animated media. These companies conceive of products to produce, own the physical production equipment, employ operators for that equipment, and hold a major stake in the sales or rentals of their animation works.
Please note that the animation studio business falls under the Video Postproduction Services industry and the industry includes companies that prepare motion pictures for public distribution by performing editing, subtitling, closed captioning, animation, and other special effects services.
Open a Car Accessories Store
If you are looking for a business to start in Sydney as an entrepreneur and you know you have an interest in the automobile industry, then you should consider starting a car accessories store business.
Although you don’t need a college degree to establish a car accessories store, you would need some form of informal training, you might have to work as an apprentice with someone who owns a car accessories and auto spare parts store. It helps you learn the ropes faster.
Open a Car Wash
If you drive through the streets in metropolitan cities in Sydney, you will notice several car washstands in strategic locations. This goes to show that the car wash business is thriving and profitable in Sydney. One good thing about the car wash business is that it can be started by anybody as long as they have eyes for details and some business skills.
An Acupuncture Clinic
Acupuncture which is a complementary medical practice is a treatment technique that involves stimulating certain points on the body, most often with a needle to alleviate pain or to help treat various health conditions; it is a complete medical protocol focused on correcting imbalances of energy in the body.
Just ensure that you offer core acupuncture treatments such as cancer treatment, infertility treatment, fibromyalgia treatment, asthma treatment et al.
Open a Cocktail Bar
The market for the cocktail bar business has continued to soar from generation to generation because we still have people who appreciate cocktail drinks.
It is important to point out that the cocktail bar business is one of the businesses that can’t go out of fashion simply because people would always appreciate good cocktail drinks. Depending on the scale you want to start, the startup capital for this type of business can range from small to moderate.
Start Custom Cake Making Business
If you are a baker or even a caterer, it is easier for you to venture into the custom cake business because the same ingredients and processes that are used in making conventional large cakes are the same ingredients and processes used in making custom cakes. One thing about a custom cake-making business is that it is your creativity that will stand you out from your competitors.
Start a Fruit and Vegetable Retail Store Business
If you are considering starting a fruit and vegetable retail store business, the good news is that you can’t get it wrong. This is so because various types of vegetables and fruits are consumed by almost everybody in Sydney. It is important to state that starting a vegetable and fruit retail store business comes with its fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture.
Open a Gift Shop
Gift shops retail a range of gifts, gift wrap, novelty merchandise, souvenirs, greeting cards, party supplies, and seasonal and holiday decorations.
One good thing about this type of business is that you don’t need to enroll in a conventional school to learn how to start and run this type of business. You only need basic business skills like customer service, accounting skills, bargaining skills, networking skills and of course overall business management skills.
Concierge Medical Practice Business
If you are looking for a fast-growing business opportunity in Sydney that will attract clients, investors, and partners, then you need to look towards starting a concierge medical practice business.
Concierge medical practice is a practice of medicine that gives room to a unique relationship between a patient and a doctor (primary care physician) in which the patient pays an annual fee or what is known as a retainership hence concierge medical practice can also be called retainer medicine. This retainer fee may or may not be in addition to other charges depending on the doctor.
Start a Dryer Vent Cleaning Business
As an aspiring entrepreneur who intends to start a business in Sydney, you can comfortably start a dryer vent cleaning services business without much stress. The truth is that you don’t necessarily need to own a fully functional dry-cleaning business before you can make money from your dryer vent cleaning business.
You can start a dryer vent cleaning business and your services won’t just be restricted to dry cleaners but also to homes and offices where dryers are used. Most people find it difficult to clean the vents of their dryers; hence they require the services of professionals to help do it.
Start a Laser Engraving Business
Laser engraving permanently marks an item, providing a check and balance against counterfeit products or replicas. In ID cards, multilayer formats are used to alter the color of the lower layer’s pigments without affecting the top transparent layer. It is worthy to mention that you must consider some factors when getting a location for your business.
Since the laser engraving business is somewhat a hazardous one because of the chemicals involved, the facility being used must meet certain standards. It must be located in an industrial area and not in a residential part of the town. This is done to protect people from inhaling very harmful chemicals.
Electric Charging Station Business
According to Wikipedia, an electric vehicle charging station, also called EV charging station, electric recharging point, charging point, charge point, and EVSE (electric vehicle supply equipment), is an element in an infrastructure that supplies electric energy for the recharging of electric vehicles. No doubt, this type of business will attract customers, investors, and partners.
An E-Waste Recycling Business
E-waste which is also known as electronic waste is basically electronic products that are faulty, condemned, or have become obsolete and can no longer be used.
E-waste includes used computers, televisions, radios, tablets, mobile phones, and several other used electronic products. Such materials are better reused when they are recycled than allowing them to be buried under the earth.
Please note that if there is any industry or line of business that is gaining support from key stakeholders in our world today, it is the recycling industry. This is because the recycling business is an eco-friendly business that can earn you a living and make you a business owner and an employer of labor.