Petrol stations can be highly profitable in the right hands. If you can master the basics of retail, then this is a potential recession-proof business with consistent passing trade. Petrol is not an optional good for motorists and trucking companies that are vital for the movement of people and goods around the country.
Supermarkets and convenience stores are the main stay of the local community. And few businesses are more recession-proof; whatever the economic weather, people still need milk, bread, washing powder and other basics. It’s also a business that requires no specialist skills – just a strong work ethic and a willingness to work long hours and weekends.
In South Africa, this is a business you can do well in if you can find a way to expand any business you buy or find a niche in your community. You should also consider becoming a franchisee as this will give you the support you need when you are getting started.
There is no doubt that medical practices will always be in demand. It is a service that very few can do without. There are also a lot of people in the country that are coming to rely on private medical services. This gives you the opportunity to open a profitable medical practice.
Buying a business in this sector will allow you to grow with the expanding industry. This is an important part of the economy and it is one that is vital to the everyday life of all South Africans. Be conscious of future trends in this sector before you settle on the right business to buy.
If you have good negotiation skills and sales comes naturally to you, this is the perfect industry for you to be in. There will always be the need for someone who is able to distribute the right kind of goods so, do your research and find an area that will expand in the future. In particular, ecommerce is set to grow and so a distribution business that is able to take up the slack for businesses moving into this market is ideal.
Location is particularly important for a convenience store so make sure that you carefully consider which business will be the right one according to where it is. Having good foot traffic past your shop will ensure that you have a good flow of customers. Ultimately, if your business is well located, it will be a great investment if you are an independent business owner.
This is an industry that will always be in demand. There are a lot of private practitioners in this sector that are under increasing demand and, if you buy a health care business, you have the opportunity to play an important role in your community.
A car wash can come in various different forms. For some owners, the lower staffing and maintenance needs make self-serve car washes the more palatable choice, whereas staffed tunnel service brings prestige to the service. Car wash owners rarely have to compete with huge companies too, with 99.8% of all car wash owners falling in to the category of micro or small businesses.
Owning a farm is a challenge for even the most seasoned of farmers, but offers unrivalled job satisfaction. Whether it’s crops or animals, you’re sure to be up early and working late in all conditions the sky decides to deliver to you. The job can vary dramatically with the seasons and having a strong back is a pre-requisite for a good farmer.
Hotels are the workhorses of the tourism industry. A tolerance of long hours, working weekends and out-of-season personal holidays; a strong worth ethic; and an eagerness to please are essential to the makeup of a successful hotelier. Meet these demanding criteria and you can enjoy a business where every day is different and the rewards lie in making people happy.
The best bed and breakfasts are run by sociable owners with a ‘nothing is a problem’ attitude. B&Bs are hard work, but incredibly rewarding. Now accounting for a fifth of the UK’s total serviced accommodation sector, B&Bs can offer a cosiness and warm, personalised service that hotels simply cannot match.
An online business is a great way to have a store that operates 24 hours a day, with you choosing your own hours. Many can be operated by a single person, and with some distributors offering dropshipping, you’re able to focus on the running and marketing of the website, rather than managing stock levels.