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to be retirement area business ideas
Old 06-08-2005, 10:06 AM   #1
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to be retirement area business ideas

I live in a place where about 40% of the residence are retirees and that number is looking to climb dramatically. We are about 2 hours south of DC and our area is surrounded by water so the babyboomers who have worked in the DC area are comming down here to buy waterfront by the truck load. My question to you all is this. What businesses have proven profitable in places such as this where the retirement population is looking to be upwards of 65% in the near future. I want to start a business that will profit from this influx of retirees.
Any ideas would be helpful

Thanks,
Allen
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Re: to be retirement area business ideas
Old 06-08-2005, 10:19 AM   #2
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Re: to be retirement area business ideas

Viagra sales would be a good start.
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Re: to be retirement area business ideas
Old 06-08-2005, 10:45 AM   #3
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Re: to be retirement area business ideas

Back about 15 years ago, my buddy's dad owned a business that provided medical supplies and services to elderly people in their homes. I'm not exactly sure what all that entailed but I believe they would deliver any sort of medical supplies that people needed and also provide some basic nursing services. He was pretty successful but eventually re-located to Florida and started up a similar company down there.
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Re: to be retirement area business ideas
Old 06-08-2005, 11:20 AM   #4
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Re: to be retirement area business ideas

Bookmark* this site and check often. They often have articles about just what you are talking about. http://www.entrepreneur.com/

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Re: to be retirement area business ideas
Old 06-08-2005, 11:29 AM   #5
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Re: to be retirement area business ideas

Funeral homes. I'm not kidding.
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Re: to be retirement area business ideas
Old 06-08-2005, 11:42 AM   #6
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Re: to be retirement area business ideas

Yeah I thought about funeral homes but we already have plenty of those around here and I dont think I would enjoy that very much. I was looking at the entrepreneur.com and they had an article about "find a need and fill it" to start your business. That is kind of what Iam trying to do with researching your brains about needs in other places where the average resident age is rather high. The area is kind of known as a resort area and we have all of these 500-600k retirement homes going up so quickley that the best builders are backed up for 3 years. I became a real estate agent to catch the wave and I love it so far, But Iam wondering what the next trend will be once all of the retirees are here full time.



thanks,
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Re: to be retirement area business ideas
Old 06-08-2005, 11:49 AM   #7
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Re: to be retirement area business ideas

I'll tell you one thing that is popular with old folks around these parts (Ohio). There's a restaurant called "MCL Cafeteria". And it's just a cafeteria line plus a salad bar with a large eating area. The old timers love this place for some reason. Other restaurants they seem to like are Bob Evans and Bill Knapp's. Down home type food at relatively inexpensive prices.
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Re: to be retirement area business ideas
Old 06-08-2005, 11:50 AM   #8
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Re: to be retirement area business ideas

Estate planning, trust services, estate sales/auctioneer, some sort of home nursing agency, etc. *The delivery of supplies has largely been taken over by big, publicly-traded companies.
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Re: to be retirement area business ideas
Old 06-08-2005, 12:25 PM   #9
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Re: to be retirement area business ideas

Home handyman.

My dad lives in a retirement community. There are a couple of guys with all the work they can handle fixing little do-dads at peoples houses, putting up shades, installing screen doors, taking down small trees, etc. You call their cell phone and they come right over that day to do what you need. Those guys go all day, every day. Making money hand over fist.

Just make sure you have your liability coverage and dont do any work over $500 as that requires a contractors license.
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Re: to be retirement area business ideas
Old 06-08-2005, 12:27 PM   #10
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Re: to be retirement area business ideas

Got another one for ya. Some old folks like to gamble. What about a bingo parlor? I don't know the legality of such things in your area though. You could also operate those tour bus things that run people out to the nearest casino.
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Re: to be retirement area business ideas
Old 06-08-2005, 12:53 PM   #11
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Re: to be retirement area business ideas

Quote:
Originally Posted by BristolBane
I'll tell you one thing that is popular with old folks around these parts (Ohio). There's a restaurant called "MCL Cafeteria". And it's just a cafeteria line plus a salad bar with a large eating area. The old timers love this place for some reason. Other restaurants they seem to like are Bob Evans and Bill Knapp's. Down home type food at relatively inexpensive prices.
When we go into an unfamiliar restaurant and see only "old timers" that is our cue to walk out. Food is usually bland, bland, bland.
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Re: to be retirement area business ideas
Old 06-08-2005, 01:45 PM   #12
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Re: to be retirement area business ideas

Quote:
Originally Posted by th
Home handyman.
There's an outfit in these parts called "Rent A Husband."

I think it's a franchise, so it could give you a turnkey business if you don't know how to start a business and all the ins and outs of running it.* I hear there's lots of "small job" work out there for elderly folks that just can't do it themselves anymore.

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Re: to be retirement area business ideas
Old 06-08-2005, 01:59 PM   #13
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Re: to be retirement area business ideas

One other thing...private ambulance services. I've worked for one (as a hobby job) and I sniffed around the business model. Scalable, lucrative.

Ed
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Re: to be retirement area business ideas
Old 06-08-2005, 03:35 PM   #14
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Re: to be retirement area business ideas

Damn CiCi's pizza franchise. Old fogies in Florida love the buffet for $5 or whatever it is. They line up outside for crappy but cheap pizza/salad. No joke. Know a guy that put up a few of the goldmines down there and he has it made.
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Re: to be retirement area business ideas
Old 06-08-2005, 09:37 PM   #15
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Re: to be retirement area business ideas

Quote:
Originally Posted by retire@40
There's an outfit in these parts called "Rent A Husband."
Seen them. I've also heard of a few 'rent a wife' outfits. I think they work differently though
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Re: to be retirement area business ideas
Old 06-09-2005, 07:36 AM   #16
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Re: to be retirement area business ideas

Thanks for all the ideas. I will do some research on each.
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Re: to be retirement area business ideas
Old 06-09-2005, 09:22 AM   #17
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Re: to be retirement area business ideas

Quote:
Originally Posted by th
Seen them.* I've also heard of a few 'rent a wife' outfits.* I think they work differently though*
Don't kid yourself. The rent-a-wife outfits would do much better than the rent-a-husband outfits in these old age communities. Not in the sense you might first think. Most of the time these old folks are so lonely, they just want to talk and talk and talk about stuff that nobody really cares about. Just talking to someone that's willing to listen makes them happy.
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Re: to be retirement area business ideas
Old 06-09-2005, 10:22 AM   #18
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Re: to be retirement area business ideas

Quote:
Originally Posted by th
Home handyman.
I second that motion. It doesn't even have to be in an elderly community-- anyplace where people don't have the skill or inclination or time to do for themselves. They're eternally grateful for prompt response, reliability, and good conversation. Actually fixing the problem is just an unexpected bonus. If I had to go back to work for money then this is where I'd start.

Another way to hook into that field is through real estate agents. Many of them work with a list of housecleaners/handimen for rentals or for clients who need to develop a little curb appeal to sell their home. Once you make friends with the realtor network the referrals will start rolling in. Again it's not how skilled or qualified you are-- it's whether or not you're prompt, reliable, and courteous.

A guy in our neighborhood runs an ad in the monthly homeowner's association newsletter for cleaning dryers. That's all they do-- service your dryer. The ad shows a dryer surrounded by flames and mentions the thousands of people who die each year in dryer fires (probably surrounded by piles of damp laundry). I bet the guy is working 60-hour weeks.

TH, maybe they're running a GE special? Or maybe GE pays him not to put a GE dryer in his ads...
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Re: to be retirement area business ideas
Old 06-09-2005, 11:54 AM   #19
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Re: to be retirement area business ideas

Gee (no...GE!) :P

And all ya need is a leaf blower...
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Re: to be retirement area business ideas
Old 06-09-2005, 12:29 PM   #20
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Re: to be retirement area business ideas

Well I am a real estate agent and a computer tech now so I would have a let up there. and I do like working with my hands. and actually know several people that would probably work for me. Thanks alot. I knew I came to the right place. By the way nice forum I love all the info in here. Iam 24 years old and am looking to make as much money as I can while Iam young so I can enjoy it later.
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