Florida is the 3rd most populous, the 22 most extensive, and the 8th most densely populated of the 50 states of the United States. Florida’s economy rests on a solid base of tourism, manufacturing, and agriculture. Florida has the longest coastline (1,197 statute miles) in the contiguous United States, with 825 miles of accessible beaches to enjoy.
According to Kauffman Indicators of Entrepreneurship, Florida had the highest rate of new entrepreneurs among all states in 2019, and a startup early survival rate of nearly 78 percent. Little wonder why there are about 2.5 million small businesses in Florida. They make up 99.8% of all businesses in the state and employ 3.3 million workers, which is about 42.2% of the state’s private sector workforce.
In addition to that, Florida does not impose an income tax on individuals and has a 6% sales tax. Corporations that do business in Florida are subject to a 5.5% income tax. However, LLCs, sole proprietorships, and S corporations are exempt from paying state income tax.
Different Types of Industries That Thrive in Florida
1. Aviation | 2. Agriculture | Arts & Crafts
4. Automotive | 5. B2B | 6. B2C | 7. Beauty
8. Chemical | 9. Construction | 10. Education
11. Entertainment | 12. Fashion | 13. Finance
14. Fitness | 15. Food | 16. Green
17. Healthcare | 18. Hospitality
19. Import Export | 20. Manufacturing
22. Marketing & Advertising | 23. Media
24. Mining | 25. Non Profit | 26. Oil & Gas
27. Pet | 28. Real Estate | 29. Retail
30. Security | 31. Sports | 32. Technology
33. Transportation | 34. Travel
50 Best Businesses to Start in Florida in 2023
Table of Contents
- Background Checking Business
- Open an Animation Studio
- Taxi Business
- Open a Bicycle Dealership and Repair Shop
- Biodegradable Plastic Bag Manufacturing Company
- Biodiesel Production Company
- Bitcoin Mining Business
- Open a Botox Clinic
- Start a Fashion Truck
- Car Customization and Modification Business
- Security Camera Installation Business
- Start a Flooring Company
- Start Cloud Computing Company
- Commercial Drone Delivery Business
- Start Vending Machine Business
- Start a Courier Service
- Credit Card Processing Company
- Data Mining and Analytic Company
- Dental Handpiece Repair Business
- Start a Diamond Cutting and Polishing Company
- Start Electric Bike Hire Service Business
- Open an Electric Vehicle Charging Station
- Start Engineering Consulting Business
- eWaste Recycling Business
- Start Equipment Rental Business
- Start Kayak Rental Business
- Start Group Homes for Adults
- Start Fruit and Vegetable Retail Store
- Start Fruit Processing Plant
- Home Energy Audit Services Firm
- Hydroponics Crop Farming
- Start an Internet Service Provider (ISP) Company
- Open a Laser Cutting Workshop
- Laser Hair Treatment and Removal Salon
- Open a Laundromat
- Start LED Screen Advertising Firm
- Start Medical Device Development Business
- Start a Medical Waste Management and Recycling Business
- Start Exotic Car Rental Business
- Open a Mobile Spray Tanning Salon
- Start a Nano Brewery
- Open a Naturopathy Clinic
- Start Nutrition Consultant Business
- Body Piercing and Tattoo Studio
- Open a Casino and Game Center
- Open a Martial Arts School
- Open a Yoga Studio
- Start an Aquaponic Farm
- Start Car Rental Services Business
- Start Food Truck Business
One of the business opportunities that exist in Florida is background checking business. A background checking service is a company that offers tenant and employment background screenings to consumers, landlords, corporations, etc. A background check company may specialize in reference check services, credit check services, and criminal record check services.
Open an Animation Studio
An animation studio is a company that is involved in the production of animated media. Such companies conceive of products to produce, own the physical equipment for production, employ operators for that equipment, and hold a major stake in the sales or rentals of their animation works.
This type of business is not capital intensive and you can start the business from your savings and from your home office. If you are hardworking and you have the right network in place you can generate your start-up capital from one business deal.
If you are considering starting a thriving business in Florida, then you should consider starting a taxi business. With comfortable taxis, the right location, top-notch service, and good marketing, you can serve a large customer base. It is important to note that starting a standard taxi business needs significant investment capital, solid planning, and concentration on detail in order to keep your business profitable.
Open a Bicycle Dealership and Repair Shop
Starting a bicycle dealership and repair shop is one business that is bound to thrive in Florida. This is so because cycling is popular in Florida, and there are many bicycle trails and lanes around the city. The basic things you need to succeed 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 skill.
Biodegradable Plastic Bag Manufacturing Company
The retailing industry has fully embraced the use of biodegradable plastic bags, due to the fact that 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.
Biodegradable plastic bag manufacturers are part of the bioplastics manufacturing industry and players in this industry basically manufacture bioplastics, which are organic plastics derived from renewable biomass sources.
Biodiesel Production Company
If you are looking for a green energy business to start in Florida, then one of your options is to start a biodiesel production company. Biodiesel which happens to be a good substitute for conventional diesel is a renewable fuel that doesn’t pollute the environment (i.e., clean burning) and it can comfortably work on any diesel-powered machine. Biodiesel is produced from cooking/vegetable oil, animal fats, soybean oil, and any other reliable source of fats and oil.
Bitcoin Mining Business
If you love working from home and you want to start a business in Florida, then you should consider starting an internet-based business. One of the businesses that can easily be started with the use of computers is bitcoin mining.
Bitcoin is a digital currency that operates independently of any country’s central bank. In order to get an updated value of the worth of a bitcoin, you can make use of Google’s currency converter; it is a reliable platform to know the value of a bitcoin per time.
Open a Botox Clinic
Botox clinic business is a thriving and profitable business to venture into if you are considering starting a business in Florida. Botox is a drug that is prepared from botulin, used medically to treat certain muscular conditions and cosmetically to remove wrinkles by temporarily paralyzing facial muscles.
A Botox clinic provides non-medical services to clients and primarily assists their clients with cosmetics-related surgery or plastic surgery as it is known in some quarters.
Start a Fashion Truck
A fashion truck business sells clothes and different fashion accessories from a truck. An ideal fashion truck has a fitting room and some are even equipped with air conditioning. As a matter of fact, a normal boutique can use a fashion truck to reinvigorate flagging sales. One good thing about the fashion truck business is that fashion trucks have the option to travel from one location to another, opening their business on wheels and selling to customers along their routes.
Car Customization and Modification Business
Another thriving business that an aspiring entrepreneur can start in Florida is the car customization and modification business. Car customization and modification garages engage in customizing and modifying cars by altering some parts or the whole car to improve its performance. Starting a car customization and modification business also needs significant investment capital, solid planning, and concentration to detail in order to keep your business profitable.
Security Camera Installation Business
In Florida, you will notice that a good percentage of banks, homes, offices, public facilities, and government facilities have security cameras (CCTV) installed in strategic positions because in some cases it is made compulsory.
This goes to show that there is indeed a large market for security camera installation in Florida. Despite the fact that security camera installation is a technical business, that does not in any way rule out the fact that an entrepreneur with zero technical skills can learn the trade within a few months if they are smart.
Another business you start in Florida is a flooring company. A flooring company is a business that basically removes, installs, and repairs any kind of flooring for clients. Flooring companies position the wood, tile, or carpeting and complete the installation, applying any finishing materials as needed. They are responsible for the whole project from start to finish as well as for job site safety and proper care of tools and materials.
Start Cloud Computing Company
Another thriving business that an entrepreneur can start in Florida is the cloud computing business. Cloud computing is an emerging paradigm computing concept that enables both information technology infrastructure and software to be delivered directly over the Internet as a service.
This is an arrangement that enables companies to expand their network capacity, and run applications directly on a vendor’s network, offering a host of advantages with the most primary being radically lower IT costs. The lower budgetary requirements and commitments allow even smaller companies to piece together an IT project without spending on purchasing a legacy server, and storage systems.
Commercial Drone Delivery Business
The commercial drone delivery business is one of the many businesses that emerge with the advent of new technology. A commercial drone delivery business involves helping your clients deliver their packages or goods via drones to any destination of their choice. With this type of business, you can choose to own a store (online or offline) or you can do without it. The bottom line is that you should know how to get goods delivered to your customers via drones.
Another business that can be started in Florida is vending machine business. Please note that a vending machine is an automated machine that provides items such as snacks, beverages, cigarettes, and lottery tickets to consumers after cash, a credit card, or other forms of payment are inserted into the machine.
Start a Courier Service
If you are looking for a business to start in Florida, one of your options is to start a courier service. As a courier service, you will provide air, land, sea, or combined express courier delivery services of parcels, documents, and packages. Courier and delivery companies generally provide services between metropolitan areas or urban centers and form a network that includes local, national, and international pickup and delivery to serve customers’ needs.
Credit Card Processing Company
As an aspiring entrepreneur with vast experience in the financial industry, one of the business opportunities you can leverage is to start a Florida credit card processing business.
Although you would need ample hands-on experience with a good track record to be able to attract well-paying clients, that does not stop you from still making headway in this line of business. As a credit card processing company, you are expected to offer financial transaction processing, reserve, and liquidity services, and check or other financial instrument clearinghouse services.
Data Mining and Analytic Company
If you are a data enthusiast and you are looking for a research-based consulting business to start in Florida, then one of your options is to start a data mining and analytics business. The fact that everyone in business has a product or service to sell makes this line of business profitable. As a data mining and analytics company, your job responsibility is to develop software for data mining.
Dental Handpiece Repair Business
A dental handpiece repair business is yet another business that can be started in Florida. The fact that loads of people are not involved in this type of business does not mean that it is not thriving or profitable. A dental handpiece is an instrument for holding dental burs to remove tooth structure or to smooth and polish restorative materials.
Start a Diamond Cutting and Polishing Company
If you have a penchant for diamonds and jewelry, you can indeed make good money if you start a diamond cutting and polishing business in Florida. People that are involved in the cutting and polishing of diamonds would admit that they are making huge returns on their investment. If you intend to start a diamond cutting and polishing business in Florida, then you must take out time to learn the trade.
Start Electric Bike Hire Service Business
Actually, there are businesses that someone with little schooling, little training, and no serious business background can start in Florida. One such business is to open an electric bike hire shop. An electric bike, which is also known as an e-bike, power – bike, or booster bike, is a bike with an integrated electric motor that can be used for propulsion.
The basic things you would need to succeed in this type of business are reliable electric bikes, technical training on how to fix electric bikes, a good location, and easy access to wholesale supply of electric bikes and spare parts.
Open an Electric Vehicle Charging Station
Another profitable business that can be started in Florida is an electric vehicle charging station. 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.
Start Engineering Consulting Business
If you have ample experience in any of the engineering fields, one of the businesses you should consider starting is an engineering consulting firm. One good thing about this business is that if you are grounded in the engineering industry, you are likely going to get referrals that will enable you to work for top clients even government agencies.
The truth is that as an engineering consultant, there are loads of industries that you can consult for. You can work for the construction industry, water resources industry, oil and gas industry, production industry, engineering industry, and a host of other industries.
eWaste Recycling Business
There are diverse areas of specialization in the recycling industry and you can easily specialize in e- Waste Recycling. All you would need to launch an e-waste recycling business is the machines and equipment needed, a good knowledge of where to collect e-wastes and where to sell them, the legislation guiding the industry as well as strong entrepreneurial skills, and perseverance.
Start Equipment Rental Business
Starting an equipment rental business is yet another thriving business that can be started in Florida. There are loads of technicians and artisans who don’t have the required capital to acquire all the equipment needed to run their business but can afford to rent such equipment if they can find a place to rent from. Some organizations rent equipment to carry out a project or job because it is cost-effective as against purchasing such equipment.
Start Kayak Rental Business
Another ideal business that is bound to thrive in Florida is a kayak rental business. A kayak rental company is a business that rents or leases kayak and related accessories to customers. A Kayak is a closed-deck boat, with a double-bladed paddle.
Modern kayaks serve diverse purposes, ranging from slow and easy touring on placid water, to racing and complex maneuvering in fast-moving whitewater, to fishing and long-distance ocean excursions. The average kayak is around 10 feet long, but there’s a wide range of possible lengths, but you may see them range anywhere from 6 feet to 16 feet long.
Start Group Homes for Adults
One of the businesses that can be started in Florida is a group home for adults. Group homes for adults with disabilities are designed to provide personalized and individualized care that promotes independence for them. Many people with disability choose to live in supportive group homes.
Depending on the program, these homes could be staffed with counselors and other workers who help the residents live on their own.
Start Fruit and Vegetable Retail Store
If you are considering starting a fruit and vegetable retail store in Florida, the good news is that you can’t get it wrong. It is important to state that starting a vegetable and fruit retail store comes with its own fair share of challenges, but that does not rule out the fact that it is indeed a profitable business venture.
Start Fruit Processing Plant
Another thriving business that can be started in Florida is a fruit processing plant. It is important to point out that the fruit processing business is one of the businesses that can’t go out of fashion because people eat or drink processed fruits in different forms on a daily basis.
Depending on the scale you want to start, the startup capital for this type of business can range from moderate to high. As a matter of fact, it is advisable to run a fruit farm/plantation alongside your fruit processing plant if indeed you want to maximize profits in this business.
Home Energy Audit Services Firm
There are loads of households and small businesses that don’t have the faintest idea of how to cut down their energy bills. Hence, they pay exorbitant amounts on energy bills. If you are an energy consultant, then you can leverage the gap in your city to launch a home energy audit service in Florida. You can be certain that your services would always be in demand by households, and small businesses within your business coverage area.
Hydroponics Crop Farming
Another ideal business that is suitable to start in Florida is the hydroponics crop farming business. Hydroponics crop farming is classified under hydro–culture; it is a technique of cultivating crops by making use of mineral nutrient solutions, in water, without the support of soil.
As a matter of fact, crops that are cultivated on terrestrial soil can successfully be grown with their roots in the mineral solution only, or in a torpid medium, such as perlite or gravel. Nutrients in hydroponics farming can be generated from fish waste, normal nutrients, or duck manure.
Start an Internet Service Provider (ISP) Company
If you are ICT inclined and you have the start-up capital and you are looking towards starting a business in Florida, one of your best bets is to start an Internet Service Provider (ISP) company. There is indeed a huge global market for the services rendered by Internet Service Providers.
All you need to attract clients and maximize profits as a newbie in this industry is to ensure that your business is well-publicized, you reduce downtime to the barest minimum and your fees are affordable.
Open a Laser Cutting Workshop
One fast-raising business that an aspiring entrepreneur who has a background in laser technology can start in Florida is laser cutting. If you intend to start a laser cutting business, then you must take out time to learn the trade because the truth is that it only takes someone who has the technical skills and one who can truly pay attention to minute details to be able to make it really big in this line of business.
Laser Hair Treatment and Removal Salon
If you are thinking of launching a hair loss-related business in Florida, then one of your best bets may be to launch a laser hair removal business. The right time to start such a business is now because the hair loss treatment industry is presently at its growing stage.
Setting up a laser hair removal business could be a fun, profitable, and interesting business for someone who is skilled in the trade. With the right location, top-notch service, and good marketing skills, you can serve varieties of customers.
Open a Laundromat
Another business that is bound to thrive in Florida is a laundromat. As the name implies, a self-service laundry or coin wash/laundry or laundromat is a laundry facility where people come in to personally wash and dry their clothes; technically, customers provide their own labor and still pay for making use of the laundry equipment available.
Despite the fact that customers provide their own labor, some owners of laundromats still employ staff to man or provide assistance to customers.
Start LED Screen Advertising Firm
The LED screen display is a flat panel display, hence when you make use of an LED screen to advertise your goods or services. The truth is that this line of business is highly profitable in Florida because every business would want to increase sales. Even though your level of profitability is dependent on your ability to come up with workable solutions to advertising cum publicity challenges for various businesses.
Start Medical Device Development Business
Another thriving business that can be started in Florida is the medical device development business. A medical device development business manufactures various devices that are used in the healthcare industry. Just like most businesses, the medical device development business is open to as many people as are interested in the industry as long as they have the required experience and qualifications.
Start a Medical Waste Management and Recycling Business
A medical waste management and recycling business is yet another business that can be started in Florida. Medical waste comprises wastes generated in hospitals, laboratories, dental clinics, optic clinics, diagnostic centers et al and this waste can be harmful to humans if not properly disposed of and recycled.
Start Exotic Car Rental Business
If you are looking towards starting a business in Florida, then you might want to start an exotic car rental business. An exotic car rental company rents or leases exotic or luxury cars to customers. Exotic car rental services typically last a short period of time usually 30 days or less, while car leasing agreements are for a longer period of time usually 12 months or more.
Open a Mobile Spray Tanning Salon
As an aspiring entrepreneur who is looking for a profitable business venture to start in Florida, you can consider opening a mobile spray tanning business. You can actually learn spray tanning at beauty schools and also you can work as an intern in a well-established spray tanning salon or beauty spa around you.
Start a Nano Brewery
If you are interested in the brewery industry in Florida and you don’t have the financial capacity to launch a full-scale brewery or even microbrewery, then your best option is to start a Nano brewery. The truth is that starting a nano brewery company is the shortest cut to owning your own brewery business and it affords you the opportunity to experiment with different flavors of beer.
Open a Naturopathy Clinic
Another business that is bound to thrive in Florida is a Naturopathy clinic. Generally, naturopathy is a complementary medical practice that uses natural remedies to help the body heal itself. It embraces many therapies, including herbs, massage, acupuncture, exercise, and nutritional counseling.
Start Nutrition Consultant Business
Another thriving business that can be started in Florida is the nutrition consultant business. The fact that people want to live healthy means that they will do whatever it takes to achieve that goal including eating right and that is where a nutrition consultant comes in. Nutrition consultants are knowledgeable in how foods affect the health, physiology, and well-being of a person.
Body Piercing and Tattoo Studio
If you are looking towards launching a body artistic-related business in Florida, one of your best bets is to launch a body piercing studio business. The right time to start such a business is now because the industry is presently at the growing stage.
Body piercing and tattoo studios are known to provide body piercing services, which involve puncturing the skin in order to display ornamental jewelry. The major activities in this industry revolve around navel piercing, cartilage, rook, nostril, eyebrow, daith, lip, tragus, and earlobe piercings: and facial piercing.
Open a Casino and Game Center
If you are looking for a business to establish in Florida, then you should think about opening a casino and game center. Starting a casino and game center in an area that has loads of gamers and gamblers but fewer casinos and game centers can be very lucrative.
Open a Martial Arts School
If you are a professional and a warrior in martial arts, you can generate huge profits from your passion by simply establishing martial arts schools to teach people martial arts. In recent times, it has become highly necessary for children and young adults to learn martial arts not just for the fun of it, but for self-defense. With the growing rate of crime in our society, it has become needful for martial arts to be learned from an early age.
Open a Yoga Studio
A yoga studio is yet another thriving business that is highly suitable to start in Florida. Yoga is a physical, mental, and spiritual practice or discipline that focuses on breath control, flexibility, and strength. It originated in India. The Yoga and Pilates industry covers dance and exercise facilities that offer Yoga, Pilates, and in some cases dance-related instruction to individuals or groups.
Start an Aquaponic Farm
Aquaponics business is a system that combines conventional aquaculture (raising aquatic animals such as snails, fish, crayfish, or prawns in tanks) with hydroponics (cultivating plants in water) in a symbiotic environment.
In standard aquaculture, excretions from the animals can accumulate in the water, increasing toxicity, while in an aquaponic system, water from an aquaculture system is fed to a hydroponic system where the by-products are broken down by nitrification bacteria into nitrates and nitrites, which are utilized by the plants as nutrients, and the water is then recirculated back to the aquaculture system.
Another good business that can be started in Florida is the car rental business. Car rental generally is a competitive business and any entrepreneur who intends to go into this business should ensure that they carry out thorough feasibility studies and market research. The first thing to consider before launching this business is the niche of the car rental business you intend to operate.
Lastly, Florida is one ideal location to start a food truck business. A food truck business is a business that sells food from the truck and food trucks are designed to service areas where it might be difficult to quickly construct the convention restaurant. They know that they are likely going to get enough customers that will patronize their services.