Do you reside in Vermont and you need ideas for starting a business? Here are top 10 small business investment opportunities in Vermont, USA.
Vermont is one of the states that make up the 50 states of the United States of America, and it has Montpelier as its seat of power, and Burlington as its largest city (Burlington – South Burlington the largest metro). The state of Vermont is positioned in the New England region of the northeastern part of the United States of America.
It is important to mention that the state of Vermont is the second least populous state and the sixth smallest in area when evaluated with the rest of the 50 states of the United States of America. Also the people in the state of Vermont are predominantly white folks; as a matter of fact 94.3 % of the people that lives in Vermont are whites.
In case you didn’t know, Vermont is listed as the number one producer of maple syrup in the whole of America. The economy of the state of Vermont revolves around retail trade, real estate, manufacturing, health care, agriculture, transportation, mining, finance, insurance, construction, arts, entertainment and recreation et al.
When you talk of the Agric sector in the state of Vermont, you cannot but mention dairy farming. Dairy farming remains one of the most profitable ventures you could possibly engage in. As a matter of fact, milk and maple syrup are top among exported produce from Vermont.
Other notable goods that are exported from Vermont are Cheese, Paints, Chocolates, Flour, Ginseng, Wines, etc.Without a shadow of doubt, the state of Vermont is ideal for some kind of businesses, especially the ones that are listed below:
Top 10 Small Business Investment Opportunities in Vermont
It is huge fact that the population of the state of Vermont has more elderly people. If you have always had a penchant for the old folks, and are interested in taking care of old people, then you should consider starting your own Old People’s Home and Care Centre.
If you start this kind of business in the state of Vermont, you are sure of having more than enough clients than you may handle. Much more than accommodating the elderly people in your home, you may also consider adding home services. This means that you must make provision to serve some old people in the comfort of their homes. However in all, you may need to get a license and permission from the local authority before you start operation.
2. Maple Syrup Production
The state of Vermont is listed as the largest producer of maple syrup and you too can leverage on this to establish your own maple syrup production company. This is one lucrative business, even though it seems the industry is populated already.
Truth still remains that there is a large market for syrup produced in Vermont. So, if you intend starting a production company in this district, then you should consider starting your own maple syrup production company.
3. Flour Production
If you have always wanted to solve a problem in bakery business, then you may want to consider producing flour. Flour production and exportation is one flourishing business that can be pulled off in the state of Vermont. Without a shadow of doubt, it may be capital intensive to establish a flour production and packaging company, but you can be rest assured to make huge profits from this kind of business since most homes consume flour in one form or the other.
If you intend starting a business in Vermont that requires minimum startup capital, then you should consider starting your own wine sales and distribution company. It is a known fact that the state of Vermont is noted for large production of assorted wines.
You may negotiate with the companies that produce wines so that you can become a distributor. Furthermore, if you have a good rapport with the company, then they may be willing to offer you some form of assistance that would enable you maximize profits with little cost.
5. Paints Factory
If your passion for business is in the manufacturing sector, then you should consider starting your own paint factory in Vermont. The paint business has always existed and has continued to record high profitability. Hence, you can be sure to make huge money if you know how to penetrate the market with your high standard product (paint).
If you are an insurance professional who might be tired of the paid employment arena, then you may want to tinker with starting your own insurance brokerage firm. This isn’t a herculean task. If you are able to obtain your license to establish this kind of business, then you may authoritatively say you have started on a great note as you can be certain to make good profits if you know your way in the insurance market in the state of Vermont.
7. Chocolate Production
The love for chocolate in Vermont is also high. Therefore, you may want to start a chocolate production business. This is yet another booming business that a lot of folks are plugging on to in the state of Vermont.
If you have all the resources required to establish a chocolate production factory in the state of Vermont, then you should consider starting one without delay. Chocolate is also a major export from the state of Vermont to other states in the US and the rest of the world with a high chance of prosperity.
8. Milk Production
The various uses of milk cannot be over flogged. Milk production is the number one product when it comes to the agricultural sector in the state of Vermont. If you are interested in the agricultural sector, then you should consider starting your own dairy farm.
Record has it that the state of Vermont is among the top exporters of milk. To start the exportation of milk, you would be required to obtain a license and permission from the local authority. It is a profitable business and it is not difficult to start if you have the capital required.
9. Cigar Lounge
Look around you and you would see an avalanche of cigar lounges in the state of Vermont. All you need to do to start and build this kind of business to profitability is to ensure that you get a good location where people can easily access.
This means that it must be located in nothing short of a profitable district. However, you must ensure that you have the best brands of cigar per time and your facility must be furnished to taste so as to attract the crème de la crème in the environment you are situated.
If you are a lover of hospitality and you are a good chef with great culinary skills, then that might be an indication that you should start your own restaurant and bar. Profit is certain when your restaurant and bar is well positioned and you have varieties of meals on your menu list. Plus, you must also make sure the ambience is top notch so as to attract great clients.
There you have it! 10 profitable business opportunities available in the state of Vermont that can be started and built to a level of success by any determined person. Please do take note that a comprehensive research on any type of business you settle for is expedient.