20 Most Profitable Retail Business Ideas Trending Now

Are you interested in starting retail business in your city, small town or village? Are you looking for profitable retail business ideas? If yes, read this post and explore the most popular retail business  ideas listed here.

The retail industry worldwide is one of the major revenue earners for the economy. Retail business is considered as one of the most low-cost and profitable startup operation. As report from Forbes suggest, retail market is expected to grow in coming days. The reasons primarily are income growth, urbanization and attitudinal shifts. Availability of better quality products, an improved supply chain, a one stop shop for varied choices of brands and products are some of the benefits that accrue to the consumer through a retailer. At least one-third of the new enterprises launched each year worldwide are retail operations.

In general retailing involves buying products or a service from a manufacturer, wholesaler, agent, importer or other big retailer and selling it to consumers. The retailer charges for the goods or services covering the expenses and profit. Individuals in present days can start both online retail store and physical store. If you are interested in starting a retail business and looking for retail business ideas, read below 20 most profitable retail business ideas according to the current market trend worldwide.

20 Most Profitable Retail Business Ideas In India

#1. Art Supplies Store

Art supplies store is a profitable and lucrative retail opportunity for any individual who is passionate about art and has knowledge about the equipment that is essential for the artists. You can establish an art supplies store by having a small retail location with a flair stock of popular art supplies essentials. A proper market research about the products and its competitors is essential. With a right strategic planning, this business can be initiated with comparative small startup budget. Gross margin is high. For a small shop, focusing a niche is important.  Read More…

#2. Automobile Service Station

One can start automobile service station business in the urban or semi-urban city with also a stock of spare parts. Recently we have come to know that, the report found, India to become 3rd largest auto manufacturer by 2020 and expected to reach 7 million vehicles milestone. The day-to-day increasing sale of vehicles creates an opportunity of starting a profitable automobile service station business. Read More…

#3. Beauty Salon

A beauty salon or beauty parlors provide products and services that enhance client’s physical appearances and mental relaxation. This is one of the most trending beauty business ideas in the retail segment. Selecting right location, efficient manpower and proper sales promotional activity is required in starting this business. Read More…

#4. Boutique Store

The boutique is one of the most popular retail business ideas in India. Generally, personalized designer clothing is sold from the boutique store. Community advertising is the great way to promote a boutique store. Read More…

#5. Brewpub

Brewpub business opportunity demands adequate knowledge and years of experience about microbreweries. Brewpub business is actually a restaurant and microbrewery combination that normally offers craft beer with different customized tastes and flavors to their clients on-premise. Studies have shown that drinking beer in different customized taste is a trend of today’s phenomena. Read More…

#6. Coffee Shop

Over the past decade, coffee shop industry is increasing rapidly. An entrepreneur passionate and talented about coffee can initiate coffee shop business with substantial capital investment. The coffee shop actually treated as a third place outside of work and home to relax. Coffee shop business is one of the best ways to turn your love for coffee into a profit making business. Read More…

#7. Diagnostic Center

An individual having experience in laboratory science can initiate diagnostic center business with substantial capital investment. Diagnostic center with pathology is one of the most profitable business in medical and pharma industry. Heightened physician awareness and increasing patient requirement to avail of high-quality care have increased the demand for the good quality diagnostic center. Read More…

#8. Fitness Center

Are you interested in starting fitness center business of your own? Fitness center business opportunity demands careful planning and research. It is an industry continues to be a lucrative market opportunity for small businesses and entrepreneurs globally. Fitness center industry considered as a largely recession-proof industry. Read More…

#9. Florist

Florist business opportunity demands a lot of dedication, hard work, a flair for creativity and a true love for flowers. Any individual can initiate florist business by two ways. You can initiate it as home based and part time basis. Giving services to the local customers at any kind of function’s floral needs including planning, design, delivery, setup and removing waste. Read More…

#10. Food Truck

Mobile food truck business opportunity is different from a normal restaurant in two major ways. One is you are moving and you don’t have a retail location. Second is you yourself are going to the customers. A person having minimum experience in food service industry can initiate this venture in the city area. Read More…

#11. Hookah Bar Lounge

Profitable Hookah Bar Lounge Business opportunity demands to learn the operational aspects related to the business. A truly passionate entrepreneur can initiate hookah bar lounge business with strategic planning and substantial capital investment. Read More…

#12. Hydroponic Retail Store

A person having passion in plantation technology can start the hydroponic retail store business to turn his hobby into a profit-making venture. Hydroponics is a new plantation technology that has been increasing in demands over the past decades as a soil free way of plantation both for commercial and home use. Read More…

#13. Kids Store

If you live in a city with a high population density with a young crowd, a retail kids store business is perfect to start. An entrepreneur having knowledge about the retail industry can initiate retail kids store business with focusing target niche. The size of kid’s population is growing and there is no shortage of potential consumers in this industry ever. Read More…

#14. Medical Store

Medical store business opportunity is perfect for those who are a chemist or has years of experience as a pharmacist. In this business there are so many types of commercial options are available apart from only medicine selling. Every year it is seen that medical industry is growing and growth rate is 18% per annum in India. It is only for increasing demand of medicine and related health care products and supplements. Read More…

#15. Mobile Store

Mobile store with allied accessories is one of the most trending and profitable retail business ideas in India. The Indian smartphone market is expected to continue to grow in double-digits over the next few years as people switch to smartphones and gradually upgrade to 4G-enabled phones.

#16. Pet Store

Are you a pet lover? Pet store business is perfect for pet lovers. People who have knowledge and experience of retail merchandising. A one stop pet store with allied services is a profitable and self-rewarding business. You have two options here. You can initiate of your own store. Otherwise, you can start the business buying a franchisee of a reputed brand. In your own business the entire retail management, sourcing and marketing are your responsibility. Read More…

#17. Restaurant

Restaurant is considered as one of the most profitable retail business ideas in India. Write a brief summary for your restaurant’s business plan. This is the introduction part of your restaurant business plan. Introduce it, in brief, describing its target audience and business environment. Write a brief explanation the unique selling propositions of your restaurant in attracting customers and how it is different to other neighboring restaurants. Read More…

#18. Organic Food Store

In starting an organic food store business most important consideration is the store location. As any other retail business, right location is the main parameter to get success in the business. With the increasing awareness of healthy living, people are more interested in taking organic food though they are more expensive than non-organic food. The retail organic food market is an emerging trend and it is growing by 20% every year. Read More…

#19. Tattoo Parlor

Tattoo parlor business opportunity is perfect for those who are aspiring tattoo artist and passionate about the tattoo. Tattoo parlor business demands a certain level of professionalism and to make tattoo parlor business a successful venture tattoo artists of your shop are the key factor. Read More…

#20. Tyre Store

Tyre store business opportunity demands full control of inventory and some adequate knowledge about different types of tyre that comes with the different unique number. One can start this business in the metropolitan city or in small towns. Only need to evaluate the car density of that particular location. This is one of the most lucrative retail business ideas in India in the automobile segment. Read More…