Are you interested in starting a business in Greece? If Yes, here are the top 10 best small business ideas & investment opportunities in Greece.
Greece is an advanced and developed country that is located in the Southern part of Europe and its capital and seat of power is Athens. It has a population of about 11 million and it is positioned in such a way that it can easily be accessed through the sea from Africa and Asia. Although Greek is regarded as the official language in Greece, but English is also widely spoken in the country.
It is important to note that the climatic condition in Greece is typically Mediterranean- it is warm and dry during summer and it is mild during winter. The Economy of Greece is rated as the 42nd largest in the world and the 15th largest in the Euro zone. The chief contributor to the economy of Greece is the services sector which contributes about 85% of the country’s GDP with tourism and banking sector leading the chart.
Other major contributors to the GDP of Greece are the Agriculture sector (with fisheries leading the pack), exports, and telecommunication. Greece remains a major destination for tourists globally simply because of its ancient architectural sites, towering mountain ranges and it owns some of the finest beaches in the world. Greece is ranked among the top 20 tourists destination in the world.
Now let us go through some of the top 10 viable and profitable business opportunities available for investors in Greece:
Top 10 Small Business Investment Opportunities in Greece
The pharmaceutical industry is one of the most thriving industries in Greece. You don’t necessarily need to open your own pharmaceutical manufacturing company before you can participate in this industry. You can come into this industry as a retailer or wholesale distributor of pharmaceutical products.
It is important to state that you would require a license from the Greek government before you are allowed to do business in this sector. Business growth in this industry is not limited, you can start as a retailer and grow to become a manufacturer if you are hard working and you know how to invest.
Since Greece is among the top 20 destination for tourists globally, it means that the tourism sector is indeed vibrant. If you are conversant with key places and the culture of the Greek people, you can do well as a tourist guide and earn your cool bucks. If you intend to go into this type of business, you should try and learn two or more foreign languages so that you can be well positioned in the industry.
3. Cold Room Business
If you establish your own cold room where you engage in the sales of frozen fish, chicken and turkey, amongst others, you can be rest assured to make good money. Just ensure that you don’t only rely on retailing but also wholesale supplies to hotels, and restaurants. This is indeed a profitable business especially if you know how to woo big clients
Although this kind of business is capital intensive especially when it comes to acquiring and maintaining the boats or ships, but it remains a very profitable business in Greece. If you have the capital to purchase your own ship and to pay professionals to help you operate it, then you should consider starting your own Cruise Boat / Ship Company. Beyond servicing tourists, you can also service locals. There are loads of ancient archeological sites to visit via ship in Greece.
There are many opportunities available to those who are into laundry and Dry Cleaning Business. If you own this kind of business in Greece, you can market your services to hotels. As a matter of fact, some hotels contract their laundry and dry cleaning services to vendors and if you are well equipped, you can handle this service for big hotels around you. It is indeed a lucrative business especially if you have more than one hotel to work for.
6. Fitness Club
Owning a fitness club is another thriving business that you can operate in any of the cities in Greece. The average Greeks are known to take their fitness lifestyle seriously. If you are looking for a business to start in Greece, then you should consider establishing a well equipped fitness club.
7. Marble Factory
Marble factory is another profitable business you can establish in Greece. It is simple to establish and you would not be required to acquire any license to operate this kind of business in Greece. What you need to do to make the best out of this business is to partner with real estate contractors so that you can be their marble supplier.
Greece can boast of an advanced economy and the average citizen appreciates buying stuffs online. If you are looking for a simple and easy to run business to do in Greece, then you should consider establishing an online shop. If your online shop is well advertised, you would have loads of people patronizing your e-Shop.
You can build a restaurant that targets tourists and locals alike. If you own a Beach front Restaurant and bar, you can be sure of making huge sales especially during winters when loads of people visit beaches in Greece. One thing you can do to ensure that people keeps coming to your restaurant is to serve both international and local cuisine.
10. Football Agency
Greece is vastly becoming the number one destination for footballers who intend to penetrate the European football leagues. What you need to do to serve as a scout for some of the football clubs in Greece is to get a license and accreditation from FIFA. If you have eyes for spotting great talents from a raw state, then you would do very well as a football scout. The truth is that you stand to make loads of cash from sign-on fees of any of the players you discover.
No doubt if you choose to invest in any of the businesses that are listed above, you stand the chance of making huge returns on your investment.