Other summer business ideas
Apart from the aforesaid industries thriving in summer, the warm weather of is also an opportune time for aspiring business entrepreneurs to establish business or start-up companies that would cater a particular captured markets.
These include businesses related to refreshments, water sports, summer beach parties, arts and paintings, dance and musical recitals, sports training, and programs, gardening and landscaping, to name a few.
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Profitable or not?
According to financial information company Sageworks, business establishments operating in summer could potentially earn a good profit as people during this month have more buying capacity.
In its latest data, Sageworks said that various industries have already obtained a positive sales growth in the past 12 months. The company has attributed this positive sales growth to the people’s relaxed lifestyle.
In a statement, Jenna Weaver, a resident analyst in Sageworks, said these industries are seen to have a more high sales growth, noting that business operating in tourism, food, and travel sectors are expected to achieve high profits as indicated the financial analysis statement.
Weaver added that economic sales growth of these companies is steadily growing within 10.1 percent versus 8 percent rate. She also noted that profit margins are in the positive rate at 7.9 percent against 6.1 percent, respectively.
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