6 Specialty Stores You Can Open in 2023

Female Reading Bookstore
Photo: Shutterstock

Do you want to open your own business? Not sure where to start? It can be tricky to figure out how to begin one, especially the type you want to open. 

If you’re curious as to what stores might be worth opening, check out what we have written. Below you’ll find some interesting ones you could start up in the next year. 

6 Unique Stores to Open in 2023

1. Bookstore

It might seem that opening a bookshop in this modern age would be a waste, but there’s a surprising market for it, especially independent ones. 

While there are some economic issues you’ll need to be cautious of (like online retail competition), if you plan your business accordingly, you’ll make a decent profit. 

If you decide to open a bookstore, think out of the box with it. For instance, you could supply many books but also specialize in a certain genre. To broaden your reach, you might also consider hosting community events, like poetry readings or game nights. 

Shopping Wine Shop Woman
Photo: Shutterstock

2. Wine Shop

Opening a wine store can be pricey, but it will definitely pay off in the end if you manage your finances well. 

You’ll need to be prepared to pay certain costs, like overhead and various regulation fees, especially if you plan to purchase international selections. But your shop will flourish if you choose a good location and work hard to maintain a strong base. 

Many wine shops will focus on selling unique wine options in addition to basic ones. These could be offerings from local wineries or rare vintage ones. 

Besides wine, consider selling items wine enthusiasts can enjoy with them, like cheese, bread, and chocolate. You could also offer tastings and other fun events to encourage people to mingle and potentially buy things. 

3. Organic Goods

There’s a steady base growing for organic items – one that’s not to be ignored. Here, customers can purchase organic goods ranging from vegetables to spices. You could also venture out to include other well-known specialties, like vegan or Kosher items. 

4. Pet Store

Many pet owners are dedicated to providing the best for their furry friends, which makes opening a pet shop a worthwhile venture. You can meet customers’ needs by offering essential pet supplies and unique products such as handmade treats and toys.

One item to consider stocking is bug spray safe for pets, a product many owners are increasingly searching for. Besides retail, your shop could also become a hub for pet-related events, including celebrations and contests, creating a fun and engaging community for animal lovers.

Woman Outdoor Cafe Style Sunglasses Flowers
Photo: Shutterstock

5. Coffee and Tea Shop

This store type is very popular, and you’ll likely make an impressive income with it if things are done right. For example, you could simply sell coffee or tea or make it a place where customers can come in and relax while sipping on a cup. Your shop could also sell goods online in case a customer moves away but still wants to access your coffee blends. 

Remember that there are many competitors in this industry, so you’ll need to develop a unique twist for your business or find a location lacking one. 

6. Farmers’ Market Shop

If you want to support local farmers, consider opening a place where they can sell their goods and customers can browse their seasonal selections. You’ll not only offer high-quality options but help out your local community. 

Organic Store Shopping Woman
Photo: Shutterstock

Tips for Starting a Specialty Store

Get Insured

One of the most important things you can do is obtain general liability insurance for retail. This will financially protect you from everything ranging from serious allegations to property damage. 

If you’re interested but not sure whether a particular package or agency is right for you, see if they offer an online quote. After adding some information (like if you plan to hire employees and your claims history), you’ll get an average cost of what you’ll need to pay. 

Scout Out a Good Location

You might have a terrific business, but it will be hard to survive if people can’t find you or if you’re located in a far-off area. Getting business could also be difficult if you’re situated in a sea of nearby related shops. 

There are a few ways you can find the perfect spot. Some include:

  • Opening it near your target demographic
  • Finding an area that lacks your shop but wants one
  • If there’s good parking
  • If you plan to open one in a shopping center or separate building

Market Yourself

Advertising your company to show why customers should choose you over your competition is vital. However, poor advertising will also make it harder for clients to learn about you. Some ways to help get your name out there are to use social media, host an event with another local business, and make an excellent website for people to check out. 

There are numerous specialty stores you could open in the upcoming year, some of which are listed above. While it will take time and patience to get started, you can be sure they’ll flourish for years if you put enough investment into them. 


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