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What is the most profitable business to open, with the economy being in a recession?

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Answers (12)
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Los Angeles County, CA

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Sep 23, 2017
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Hernando County, FL

Hello Mary! I chuckled at your question. I read all the answers and They are ALL right. The food industry always does well in a recession. Everyone has to eat. Another industry is the service industry. Everyone needs something. Questions to ask yourself.....How much Capital do you have to risk and what are your strengths and weaknesses. Each industry requires a different type of person. So you have to evaluate yourself. Dont just pick a "recession Proof" business, because quite frankly the competition is fierce! You should apply your knowledge and skills to your pick. I notice your in the finance business......So much opportunity there.....Have you tried Edward Jones.com. We dont dabble in it, so I dont know much about it. But it may be a start. I hope this was informational for you.

Mar 14, 2010
Dmitry Sharin
FRUCTOMAT USA LLC
Los Angeles County, CA

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Mar 13, 2010
Nia Stefani
Xnergy Financial
Mergers and Acquisitions / Corporate Finance
Monroe County, NY

an internet business that sells money :-)

Mar 13, 2010
Frank Fitton
Director of Social Marketing
Palm Beach County, FL

The recession has made right now is the perfect time to buy a small to midsize business. This economy has left a whole lot of businesses out there selling for less than their worth. Now is the time for people who want the most out of life to grasp on and take the plunge.

Anyone interested in the buying of a business should check out The Business Buyer Advocate blog at http://www.businessbuyeradvocate.com/ . It is a great blog full of must have knowledge for anyone thinking about taking the plunge. It's frequented by quite a few experts in various aspects of the field that can help you with any questions you might have or perspective you might need.

Buying a business very well could be the most important decision you ever make in your life. You have to make sure you buy the right business the right way.

Mar 9, 2010
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Hi Mary, most service type businesses are still doing well. I have a children's, office party and event service doing over $70K per year for the last several years available in the southwest if you are interested. Please contact angie at globalnerd@yahoo.com. Thanks

Mar 8, 2010
Julie A. Barnes, CPA
Small Business Exchange, Inc.
Travis County, TX

Hello Mary,

I'm assuming that your question is "what is the most profitable business to BUY?" - as opposed to " what is the most profitable business to OPEN?" If the latter, you've hit upon one of the greatest advantages of buying an existing business - HISTORY.

As to recession proof - all you need to do is look at the financials for the last year - certainly part of 2008 and all of 2009 could be considered a 'recession'.

Good Luck!
Julie A. Barnes, CPA
President, SBX, Inc.
http://www.AustinBusinessesForSaleBlog.com

Mar 8, 2010
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Hello Ms. DeBow. I am selling a children's, adults, office party service located in Arizona that is currently earning between $68K-$78K per year. It has been in business for several years and is not slowing down. If this is something that interests you, please contact me at mgoebel9@gmail.com.
Best Regards
Michelle Goebel

Mar 8, 2010
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The BAF Group LLC
MD

There is NO business that is completely recesion proof. ANY business is subject to some variation of economic cycles. I am not necessarily arguing with any of the people that have written to you; but there are a huge number of qualifying factors that go into any of their suggestions.

My point is: There are NO simple answers!!!

Mar 7, 2010
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Freedom Business Brokers
Orange County, CA

Mary,
I have two good businesses in my portfolio. One of them is a recession proof business completely,
i.e a convenient store mainly because it accepts Govt. issued food coupons,therefore rain or shine this store runs and Govt pays.
the second business is tattoo parlor--frankly speaking this one is not completely recession proof but
since the income is very high it hardly effected.These businesses are based in Orange county ,California
Both the businesses are 90% Help run. I will give you more details if you are interested to learn more details, so respond to my email or else ignore if not interested.
Sid0653@Hotmail.com.
Sid

Mar 7, 2010
Kevin Blank
........................................
PA
Premium Broker

Mary,

I can't exactly answer your question of what is the most profitable business to open but if you want to open a business now, you probably want to find something recession resistant. There are a few recession resistant opportunities out there now. They are basically products and services that most everyone needs. The ones I am thinking of now include hair cutting businesses, auto repair, water or fire damage restoration, commercial and/or home cleaning, home health care (non-medical), dollar stores, liquor or beer stores, convenience stores.

I can help you find the right business for you out of the categories above and more. I am a franchise consultant and my service is at no-cost to you. We help make the process of buying a franchise smooth and quicker so if you are ready to look at a few, please contact me at kevin.blank@keystonecatalyst.com or check some franchises out at my website.

Mar 7, 2010
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The BAF Group LLC
MD

Yes, and watch Amazon squash you like a bug...

There is no ONE answer to that question.

Mar 6, 2010