Do you reside in Iowa, USA and you need ideas for starting a business? Here are top 10 small business investment opportunities in Iowa, USA. The US State of Iowa is located around the Midwestern part of the United States of America and it is the 30th most populous state of the 50 United States. Iowa is the only state in the US whose east and west borders is formed entirely by rivers.
The capital of Iowa is Des Moines and it is the largest city followed by Marshall Count and Marshal ltown. Iowa’s economy is built around Agriculture, Manufacturing, Science and Technology, Processing and Financial Services. It is important to point at this juncture that Iowa is ranked number 1 when it comes to the cost of doing business in the US. It has the 10th largest economy in the US and the cost of living in Iowa is moderate.
If you propose to start your business in Iowa, then you are sure to have all the advantages every small business needs to grow because of the business friendly atmosphere that is available in the state of Iowa. All the factors like taxes, utility cost and all related cost associate with doing business is one that favors new and small businesses.
These are some of the business opportunities that are available in the US state of Iowa:
Top 10 Small Business Investment Opportunities in Iowa, USA
Table of Content
- 1. Financial Consulting Services
- 2. Cigar Lounge
- 3. Cafés (Coffee Shop)
- 4. Restaurant and Bar
- 5. Liquor – Wholesale and Retail Liquor Business
- 6. Car Wash Business
- 7. Health and Wellness Business
- 8. Auto Repair Workshop
- 9. Salon & Beauty Supply Retailer Business
- 10. Computers Sale and Servicing Business
1. Financial Consulting Services
There are different kinds of financial service business that you could establish in the state of Iowa. The bottom line is that whatever line of services you provide in the financial sector, you are sure of having high patronage. Just ensure that you get the required license and certification needed for you to be able to establish your own financial consulting firm.
2. Cigar Lounge
Cigar lounge is another booming business in the state of Iowa because of the law that ban smoking in public places. If you establish your own cigar lounge and you choose a good facility and easily accessible location you will attract smokers to patronize your business. Just ensure that you stock your shelf with assorted brands of cigar. You can as well add e- cigarette to the list of your products.
Starting a coffee shop in Des Moines or in any other city in Iowa is indeed a profitable venture. This is so because the weather encourages people to sip coffee on a regular basis. If you don’t have enough capital to rent a facility for your coffee shop, you might then want to start with a mobile coffee shop. The truth is that running a mobile coffee shop in Iowa has been proven to generate quick returns on investment for entrepreneurs.
Restaurant and Bar is yet another highly profitable business you can start in the state of Iowa. You are certain of having high patronage in any city you choose to start from. The good thing about this kind of business is that you can buy an existing franchise if you feel it would be less expensive for you to manage.
All you need to start your own wholesale and retail liquor business is a store and the places to get your supply at a cheaper price. The consumption of Liquor is high in the state of Iowa. If you start this type of business in Iowa, you are sure of getting good returns on your investment. Just ensure that you stock your shop with assorted liquors so as to make it a one stop shop for liquor consumers / shoppers.
Car wash is yet another thriving business opportunity available in the state of Iowa. If you have limited startup fund, you might still start your own car wash business. It easy to start and it enjoys high patronage from residents.
The important factor that you should consider before choosing a location for your car wash venture is the accessibility and nearness to a major road. With that in place, you won’t have to struggle to get client to patronize you. If you have more funds and enough space you can also add a bar or cigar lounge to your car wash business.
Health and Wellness Shop is another highly thriving business in the state of Iowa. Although you would require some training and license to start and manage your own Health and Wellness shop, but the fact remains that it is a business that is promising and delivers huge returns on investment.
If you are a trained mechanic, you can consider starting your own auto repair workshop. Auto mechanics are in high demand in this city , and if you are good with what you do and you have a competent team working for you, you will sure have enough clients that you can handle per time.
Salon & Beauty Supply is yet another highly profitable business that you could start here too. This is especially if you have interest in the line of business. There are loads of beauty products manufacturing companies in the state of Iowa that you can get your supply from at a cheaper wholesale price. You can even buy from outside Iowa at a cheaper rate save for the cost of shipping.
If you know how to fix computer then starting your own computer sales and servicing business might just be the gateway to your financial freedom. All you need to start this kind of business is a shop, computer repairing skills, and all the equipment you will need to run this kind of business.
The good thing about Iowa is that it is one of the major hubs for information technology in the united states and you can get computers and its accessories at a very cheaper wholesale price.
No doubt it requires a lot to start your own business from the scratch. You don’t have to worry if you don’t have the time to undergo a thorough feasibility study before starting a new business. All you need to do is to check on the internet and you would see the list of small, medium and large businesses that are up for sale at an affordable price in Iowa.