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Do you want to open a startup company in Meghalaya? Find here most profitable small business ideas and franchise opportunities in Meghalaya including Shillong.
Meghalaya is a Northeast state in India. The capital city is Shillong. It is a very small state having major cities like Cherapunji, Tura, Nongstoin, West Garo etc. The state shares the border with Assam with another foreign country Bangladesh.
Basically, agriculture holds a major position in the economic structure of the state. Also, the small scale industries, education, healthcare, and retail segments are developing here. Here in this article, you will find a chosen list of small business ideas that have impressive potential in Meghalaya.
List of 10 Profitable Small Business Ideas in Meghalaya
The state produces a wide range of food grains including rice, maize, wheat, and a few other cereals and pulses. So, the ingredients for bakery products are readily available here. Hence, opening a bakery business is a profitable opportunity here.
Bakery products are perishable items. Additionally, producing delicious cakes is not everyone’s cup of tea. However, you can easily start this business as a franchise partner of a reputed brand. Nowadays, you can find a lot of national and foreign brands who are offering bakery franchise opportunities in Meghalaya.
#2. Car Wash
The state is the wettest region of India. It has heavy rainfall. So, the need for frequent car wash opens the opportunity for the new entrepreneurs. In the small towns and urban areas, you can consider starting a car wash business of your own.
The car wash is one of the most profitable opportunities in the automobile service industry. However, the business demands a large space (apart you start as mobile only) and startup investment. Also, the business demands specific skill, expertise, training, and local brand promotion. Check here, Best Car Wash Franchise Business In India.
#3. Computer Training Institute
The literacy rate is not very high in Meghalaya. However, the state capital Shillong is the home of popular management colleges and universities. If you want to start a small business in the education industry, you can think about starting a computer institute.
Computer education is mandatory these days. For performing as such any work, one must have sufficient computer knowledge. Hence, this is the perfect time for opening a computer center that offers classes on different computer-related courses. Find here Top 10 Computer Institute Franchise Opportunities in India.
#4. Hardware Store
If you want to open a small shop with a small startup investment, then a hardware store is a perfect opportunity for you. Generally, the hardware stores sell infrastructure related products like cement, rod, nails, stone chips, paints etc.
Apart from starting a full-scale hardware store, you can also think about a niche segment like paints. Generally, most of the renowned paint companies look for distributors for expanding their business. Some of the most popular brands are Asian Paints, Shalimar Paints, Berger Paints etc.
#5. Juice Bar
The state produces horticultural crops like orange, lemon, pineapple, guava, litchi, banana, jackfruits and fruits such as plum, pear, and peach. So, opening a juice bar or juice stall is a profitable opportunity here. Starting a juice bar business requires a small startup investment and a small retail space for daily operation.
A juice bar business ensures revenue income from day one of the starting. If you are a beginner, you can consider opening the business as a franchise partner of an established brand. Find here Best Juice Bar Franchise Opportunities in India.
#6. Momo Business
Basically, momo is a North Indian food. Also, the food is very popular in Meghalaya. Actually, momo is a Tibetian dish. However, it has a strong presence in the fast food menus of Nepal, Darjeeling, Sikkim, Northeast and North India. It comes in both the veg and non-veg options. Some of the most popular stuffing options are vegetables, paneer, mushroom, chicken, mutton, pork etc.
Commercially, the momo is both a roadside hit and a potential restaurant menu these days. The growing culture of eating out has also made people love momo for its taste and healthy proposition. If you want to start a momo franchise business, then go through Top Momo Franchise Opportunities in India.
#7. Motorcycle Dealership
Meghalaya has a road network of around 7,633 km, out of which 3,691 km is black-topped and the remaining 3942 km is graveled. Also, the state is connected to Silchar in Assam, Aizawl in Mizoram, and Agartala in Tripura through national highways. Naturally, it opens the opportunity of selling bikes and motorcycle. Therefore, opening a motorcycle dealership is a lucrative opportunity here.
#8. Pharmacy or Drug Store
If you want to start a business in the healthcare industry, then a medical store or pharmacy is one of the most profitable options for you. Basically, it’s an evergreen business. Nowadays, medical shops not only sell the medicines but also provide personal care products, skin care products, personal hygiene items, food supplementary, chocolates etc. It helps in enhancing the overall revenue of the store.
Opening a pharmacy requires small startup capital. Definitely, you must have a commercial retail space also. The success of the store in most of the cases depends on the regular inventory supply and keeping the right stock. If you are a beginner, you can consider opening the business as a franchise. Find here Best Popular Pharmacy Franchise Business Opportunities in India.
Due to the increasing number of working couples, the demand for quality preschool is growing. Most of the parents look for responsible play schools for their kids in the nearby areas. Opening a preschool is a perfect business for the individual who loves to spend time with children.
Opening a small preschool doesn’t demand much capital. However, it requires proper planning, marketing strategy, administration, staff training etc. If you are a newbie, find here Top 10 Profitable Preschool Franchise Business Opportunities in India.
#10. Tourism Business
Meghalaya is compared to Scotland for its highlands, fog, and scenery. Also, the state has some of the thickest primary forests in the country and therefore constitutes one of the most important ecotourism circuits in India. Additionally, it offers many adventure tourism opportunities in the form of mountaineering, rock climbing, trekking and hiking, caving (spelunking) and water sports. Therefore, the state attracts a wide range of domestic and foreign tourists throughout the year.
In this scenario, opening a travel related business is highly profitable here. Apart from starting of your own, you can consider opening as a franchise partner of the reputed brands like MakeMyTrip, Yatra, Thomas Cook etc.
The overall economy in Meghalaya is developing. So, it’s a perfect time to start a business here. However, select the business idea judiciously according to your skill, expertise and investment capacity.