Published on 28 Apr 2024 on Insider Monkey via Yahoo Finance

24 Profitable Outdoor Business Ideas to Start In 2024

In this article, we will take a look at the 24 profitable outdoor business ideas to start in 2024. If you want to skip our detailed analysis, you can go directly to 5 Profitable Outdoor Business Ideas to Start In 2024.

Some Popular Outdoor Businesses in the United States

Food truck businesses are one of the most profitable outdoor business ideas in 2024. According to a report by IBISWorld, there are 47,033 food truck businesses in the United States, as of 2023. The number of new food truck businesses in the US grew by 15.8% between 2018 and 2023. These companies collectively reported revenue worth $2.2 billion in 2023. Luke's Lobster is a family-owned seafood shak founded by Luke Holden. He started the Shak in 2009 in New York City. In 2019, the team launched its seafood purchasing and production business in Saco, Maine. This enabled the company to become a vertically integrated business. With more control over its raw material and sourcing, Luke and his team launched their own branded grocery in 2018. The company sold lobster meat, tails, and seafood meals in grocery stores across the United States. The shak is now located in 10 states across the United States,  and also in Japan and Singapore. According to a report by CNBC, Luke's Lobster had 29 shaks in the United States, a seven-location deal in Japan, and a single-location deal in Taiwan, as of 2018. It reported $30 million in sales in 2017.