7 Profitable Industries for Those Buying a Business in Sydney
by Ankita Tripathy Business Development 29 January 2025
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Buying a successful business doesn’t happen on a whim — to see the “ka-ching” come in, you need to do your homework. The markets are subject to change, and the industries that were thriving years ago may be dwindling today, so you need to know what popular industries show promise.
For example, if you want to grow in Sydney, you need to first understand what are the business opportunities in Sydney. In other words, you need to understand what the city offers and why you must consider honing in.
Sydney’s Business Landscape
Sydney is often lauded as Australia’s one of the most prominent economic ecosystems. Before the COVID-29 pandemic razed the world, speculation suggests that Sydney businesses generated around $138 billion a year. This shows that Sydney is a good playground for business.
Even though the Pandemic impeded the city’s growth, it did not halt any business development. Sydney is still seen as one of the most favorable grounds for entrepreneurs. If you are one of them then you are in luck.
In later sections, we will be looking at some of the most prominent business opportunities in Sydney. Therefore, follow along to learn all you can about Sydney and its economic side.
Understanding Business Opportunities In Sydney
Sydney is a great playground for people with hunger. People who want to make a mark and become a successful entrepreneur. However, it does not mean Sydney will be an easy nut to crack.
Sydney is one of the country’s biggest and most prominent economic hubs. Therefore, be prepared to face immense competition and setbacks. If you have what it takes, here are some of the most potent business opportunities in Sydney that you can dip your feet in.
Let’s go!
Franchises
Here’s one that even the Australian government has gotten behind! Franchises, both on a local and international scale, are a high-commercial investment opportunity in Australia.
There are a few reasons for this, including the fact that many franchises are already super popular and have a potential customer base.
Another bonus of buying into a franchise is that you don’t just buy the name, but you also buy into the support system and resources from the franchise team.
Manufacturing and the industrial sector
Did you know that New South Wales is responsible for almost 30% of the country’s manufacturing output?
So, with those stats in mind, getting into Sydney’s manufacturing and industrial sectors offers some favorable signs. Like most other developed cities, Sydney has many manufacturing and industrial businesses.
Businesses such as electronic factories, food processing companies, and biotechnology businesses. Each of these businesses serves a particular market component in and around Sydney or Australia.
Advertising
Advertising is key to success for businesses in a thriving city like Sydney. As a result, offering advertising services positions you in a unique position to attract a large amount of quality clients.
However, remember that with how much the online sector has boomed, marketing and advertising have become an increasingly competitive industry.
To get ahead of the competition, you would need a business with successful clients and success in promoting those clients or at least a strong brand image to work off of.
Food-related
Sydney is booming with foodies and people living in the fast lane, so offering food services is essential and highly profitable. From processing packaging to distribution, the food industry has a lot of opportunities.
Restaurants are their own thing entirely. Here, your focus would be wholesalers, food retailers, exporters, and importers. Likewise, with the tourist industry in Sydney, being in the food-related industry might be a lucrative business venture to explore.
Coffee shops
Coffee culture worldwide has boomed astronomically in the last decade, with extraordinary cafes and coffee brands popping up around every corner.
The beverage is for virtually everyone, with cafes offering the locals a spot to enjoy their lunch break and freelancers and digital nomads a place to work.
Currently, the market size of cafes in Australia is around $10 billion. With the right investment amount, aesthetic, and delicious coffee, you can expect a decent return on your investment.
Finance
The beauty of buying into the finance business is its diversity. You’re looking at everything from accountancy to financial advising, financial planning, and more.
When you’re involved in the financial sector, your business audience could be anyone from bachelors and families to mammoth business corporations. Anybody who is looking to invest or for business advice, so you’re sure to find a business that will suit your portfolio.
Home-based businesses
Home-based businesses include everything from people making 3D-printed products to artisanal soaps and so much more, and ever since 2020, this seemingly humble industry has been making waves on a global scale.
What makes this industry incredibly profitable is that they do not have to rent a physical office, factory, or store, which means their running costs are generally much lower.
By buying a home-based business and connecting to an international audience, you could be selling products to people from all corners of the globe.
Need help with buying a business in Sydney?
We understand how difficult it can be to find the right business opportunities in Sydney, but processing the sale can be just as challenging. Hiring a business broker in Sydney can make finding your ideal business and processing the sale much easier.
Benchmark Business Brokers is one of the best business brokerages in Australia, and with the listings on their site, you’re sure to find your next big venture with just the click of a button.
Final Thoughts
Business opportunities in Sydney are varied and diverse. This means you will not have difficulty banking on or becoming an independent entrepreneur. Therefore, the city is ripe with opportunities that can catapult your career growth.
However, just because you buy a business in one of the seven industries doesn’t guarantee you success. The key is to do your homework and even seek the help of a qualified broker. So you can buy a business that has been vetted and aligns with your goals.
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