Vancouver is one of the “go-to” cities in Canada when it comes to doing business. The reason for this is not farfetched. Vancouver is a major city in western Canada, and the city is located in the Lower Mainland region of British Columbia.
As the most populous city in the province, the 2016 census recorded 631,486 people in the city, up from 603,502 in 2011. The Greater Vancouver area had a population of 2,463,431 in 2016, making it the third-largest metropolitan area in Canada.
Vancouver has the highest population density in Canada, with over 5,400 people per square kilometer, which makes it the fifth-most densely populated city with over 250,000 residents in North America, behind New York City, Guadalajara, San Francisco, and Mexico City.
Vancouver is consistently named as one of the top five worldwide cities for livability and quality of life, and the Economist Intelligence Unit acknowledged it as the first city ranked among the top ten of the world’s most well-living cities for ten consecutive years.
Vancouver also ranks as the most expensive city to live in Canada and the fourth-most expensive housing market globally. In 2011, the city planned to become the greenest city in the world by 2020. If you are looking towards starting a business in Vancouver and you have not made up your mind on the choice of business to start, here are 50 best business opportunities you can choose from.
50 Best Business Opportunities That Exist in Vancouver
Table of Contents
- Start a Cargo Van Delivery Business
- Start a Bakery Business
- Start a Courier Delivery Service
- Start Medical Supplies Wholesaling Business
- Open a Dental Clinic
- Open a Fast-Food Restaurant
- Start a Distillery Business
- Start an Electrical Contractor Business
- Start a Dump Truck Business
- Start Power Washing Business
- Open Tomato Processing Plant
- Start Essential Oil Extraction Business
- Start Jet Ski Rental Services
- Start Fruits Processing Business
- Open a Feed Mill
- Start a Dairy Farm Business
- Start a Biotechnology Company
- Start a Car Rental Business
- Open a Hotel
- Start Airport Shuttle Services
- Start Travel and Tours Agency
- Start Equipment Leasing Business
- Start a Sales Consulting cum Lead Generation Business
- Start a Logging Company
- Start an Advertising Agency Business
- Open a Green Cemetery
- Start Green House Farming
- Start Hardwood Flooring Installation Business
- Open Hospice and Palliative Care Center
- Start Car Dealership Business
- Start a Mortgage Brokerage Firm
- Start Property Maintenance and Renovation (Property Management) Company
- Start a Solar Water Heater Installation Business
- Open a Spray Tanning Salon
- Trade Show Booth and Equipment Rental Business
- Start Wedding Gown Production Business
- Open a Flower and Gift Shop
- Start Auto Insurance Firm
- Open an Indoor Soccer Facility
- Start Liquid Air Freshener Production Company
- Film and Video Production Company
- Bar and Night Club Business
- Start a Fishing Business
- Open a Fish Processing Plant
- Start Commercial Farming Business
- Start Commercial Drone Delivery Company
- Maple Syrup Production Business
- Start Sports Nutrition Consulting Business
- Start Bread and Breakfast Business
- Start a Fishing Boat Charter Business
Start a Cargo Van Delivery Business
A cargo van delivery company is a business that transports and delivers freight for clients. Cargo van delivery businesses accept delivery assignments from clients or a courier agency. They plan their route, load and unload cargo, document each pick-up and delivery, and ensure timely delivery. Cargo vans are larger than the average sedan hence they are suitable for helping people move or make large deliveries.
Start a Bakery Business
Bread and all flour-based food are consumed by almost everybody on our planet as such, anyone who chooses to establish a bakery in Vancouver is sure going to get good returns on his or her investment as long as they run the business correctly. Aside from bread which seems to be the face of the bakery industry, cake is another product that is doing pretty well in the market.
Start a Courier Delivery Service
Courier and delivery companies provide air, land, sea, or combined express courier delivery services of parcels, documents, and packages for individual and corporate clients. Courier and delivery companies generally provide services between metropolitan areas or urban centers and form a network that includes local, national, and international pickup and delivery to serve customers’ needs.
Start Medical Supplies Wholesaling Business
Medical supplies wholesaling companies purchase medical and surgical equipment, instruments, and supplies, store these items at distribution centers, and deliver these products and related services to medical and dental practitioners, clinics, and hospitals.
The truth is that if your business is located in an area with loads of hospitals, medical facilities, and vehicular traffic, and you have quality medical equipment and instruments from different brands, you may not have to struggle to make headway with the business.
Open a Dental Clinic
With minimal startup capital, you can successfully launch your dental clinic in Vancouver. Before choosing a location for your dental clinic, ensure that you carry out a thorough market survey and feasibility studies.
It will pay you to locate your dental clinic in an area that will attract people that can pay for your services. Please note that dentists in Vancouver are known to either operate private or group practices in their offices (e.g., centers or clinics et al).
Open a Fast-Food Restaurant
A Fast-Food Restaurant is a niche restaurant where clients pay for quick-service food products before eating. The food purchased may be consumed in the restaurant, taken out, or delivered as requested. Gross revenue generated in the industry is derived from both franchised and company-owned fast food outlets. Although this type is profitable, at the same time you can run at a loss if your fast-food restaurant is not well positioned and managed.
Start a Distillery Business
A distillery produces a variety of distilled drinks (spirits and whiskeys). Spirits in this classification are made from cereal grains such as barley, rye, or corn mash. In recent times, flavored distilled alcoholic drinks (Spirit and Whiskey et al) have become increasingly popular, especially among upwardly mobile and trendy young people in Vancouver. This is the major reason why many distillers have each launched their innovative brands.
Start an Electrical Contractor Business
Electric contractors are an integral part of not just the construction cum real estate industry, but they play very important roles in ensuring that households, offices, and public facilities enjoy electric power supply and electric appliances are repaired when they become faulty. Players in this industry execute electrical work such as installing wiring, selling and installing electrical equipment et al.
Start a Dump Truck Business
A dump truck or dumper/tipper truck as it is called in some countries is a truck that is used for transporting loose material such as sand, gravel, or dirt for construction. In recent times, nearly all dump trucks operate by hydraulics and they come in a variety of configurations, each designed to accomplish a specific task in the construction material supply chain.
Dump truck companies provide essential services that revolve around transporting large quantities of construction materials, machines, equipment, dirt, rocks, building materials, et al over land—typically from manufacturing plants to construction sites and from construction sites to dump sites.
Start Power Washing Business
Power washing businesses or pressure washing businesses as it is called in most quarters make use of high-pressure washing machines to carry out their washing services. A pressure washer or power washer is a high-pressure mechanical sprayer that is used to remove clogged oil, greasy stains, unwanted graffiti, loose paint, mold, grime, dust, mud, and dirt from surfaces and objects like buildings, bridges, vehicles, and concrete surfaces.
Open Tomato Processing Plant
If you live in Vancouver and in a town where tomatoes are produced in large quantities, then establishing a tomato processing plant might just be the best business to invest in. No doubt, you would require huge startup capital to build a tomato processing plant, but the good news is that the market for processed tomato products is enormous.
The good thing about starting a tomato processing plant is that you could establish your plant in any part of the world where you can easily access tomato farms and cheaper labor and then export your products all over the globe. The end products from a tomato processing plant are ketchup, tomato juice, diced tomatoes, tomato powder, tomato paste, tomato pulp, strained tomatoes, partially dehydrated tomatoes et al.
Start Essential Oil Extraction Business
Vancouver is an ideal place to start an essential oil extraction business because of the abundance of raw materials used in the production of essential oil. This is indeed a money-spinning business if it is well located and if you can create a robust distribution network.
Essential oil is a concentrated hydrophobic liquid containing explosive compounds from plants. Essential oils are also known as volatile oils, ethereal oils, aetherolea, or simply as the oil of the plant from which they were extracted.
Start Jet Ski Rental Services
Starting a rental business is one of the easiest ways to start as an entrepreneur if you can’t afford to go through the challenges involved in the production of goods. So, if you live around a beach where people either ski for fun or for sports, then you should consider starting a Jet Ski rental business.
You can indeed make cool cash from this line of business with little effort if you are well-positioned. The Jet Ski rental business can only be restricted to a certain geographical area and Vancouver perfectly suits this description.
Start Fruits Processing Business
It is important to point out that the fruit processing business is one business that can’t go out of fashion because people eat or drink processed fruits in different forms daily. Depending on the scale you want to start, the startup capital for this type of business can range from moderate to high. It is advisable to run a fruit farm/plantation alongside your fruit processing plant if indeed you want to maximize profits in the business.
Open a Feed Mill
A poultry mill is a production facility where different poultry mashes are produced. This business is open to all aspiring entrepreneurs, especially those that live around poultry farming communities or close to a farming community or poultry feed hub. All you need to get started is a well-positioned and government-approved facility, a steady supply of grains, and the in and out of running the business.
Start a Dairy Farm Business
Dairy farms engage in the sale of raw milk and excludes the production of drinkable fluid milk and processed dairy products like butter, cheese and powdered milk. Dairy farm is of course a thriving and profitable business because of the usefulness of beef and milk. People eat beef, drink their milk, and use their fur and skin. With cattle milk, cheese can be made, along with other dairy products.
Start a Biotechnology Company
Following the turn of the 21st century, major biotechnology and information technology industries have been founded, and are concentrated in the metropolitan areas of Lisbon, Porto, Braga, Coimbra, and Aveiro. This goes to show that Vancouver is an ideal country to start a biotechnology company.
Biotech companies primarily make use of living organisms or molecular and cellular techniques to provide chemicals, food, and services that meet human needs. Fields like medicine and pharmacy, agriculture, and non-food industries (used in the production of biodegradable plastics and biofuels et al) make use of products from biotech companies
Start a Car Rental Business
The car rental business generally is a competitive business and any entrepreneur who intends to go into this business should ensure that they carry out thorough feasibility studies and market research so that the risks in the business can be greatly minimized.
The first thing to consider before launching this business is the niche you intend to operate. You will have to know the niches available – contract hires and daily hire et al, and decide which you want to go for. Contract hire is usually for business customers who hire the vehicles for a set period of time, while daily hire is for individual customers who hire the vehicles usually for a shorter period of time.
Open a Hotel
In Vancouver, the hospitality business is seen as a very serious trade because of its relationship with the tourism industry. Either locally or internationally, one of the ways to make people who arrive at unknown places at ease is by having a very relaxed hotel in place for them to lodge in. This is one of the reasons why the hotel business continues to witness a boom.
Start Airport Shuttle Services
Vancouver is served by Vancouver International Airport (YVR), located on Sea Island in the city of Richmond, immediately south of Vancouver. Vancouver’s airport is Canada’s second-busiest airport and the second-largest gateway on the west coast of North America for international passengers.
All you need to do to get started in this line of business is to make inquiries from the airport authority to know if private companies are allowed to run a shuttle service in the airport and the rules and regulations governing shuttle operators.
Airport shuttle service is all about transporting passengers and their luggage within the airport, or from their hotels to the airport and vice versa. You need to acquire a standard and comfortable automobile for this kind of service, and you also need to put people with disability into consideration when purchasing your shuttle bus or cars.
Start Travel and Tours Agency
Over 10.3 million people visited Vancouver in 2017. Annually, tourism contributes approximately $4.8 billion to the Metro Vancouver economy and supports over 70,000 jobs. Many visit to see the city’s gardens, Stanley Park, Queen Elizabeth Park, VanDusen Botanical Garden, and the mountains, ocean, forest, and parklands that surround the city.
Each year, over a million people pass through Vancouver on cruise ship vacations, often bound for Alaska. Because of its proximity to both mountains and the ocean, Vancouver is famous for offering every kind of outdoor sport and adventure, from skiing and snow sports in the winter to kayaking and water sports in the summer, hiking, camping, and biking year-round. Also fishing, scenic golf courses, and mountain ziplining.
Start Equipment Leasing Business
Rather than buy expensive equipment to accomplish a task that comes up just once in a while, people would rather rent these equipment.
Equipment such as mowers, hand drillers, heavy-duty drillers, welding machines, forklifts, light construction equipment, medical equipment, audiovisual equipment, industrial energy equipment, pumps, theatrical and motion picture equipment, power saw, filing machines, scaffolding, and virtually any equipment that is needed to get any task done can be rented. So, your responsibility is to look for such equipment and ensure that you have them in your store.
Start a Sales Consulting cum Lead Generation Business
The fact that everyone in business has a product or service to sell makes this line of business a viable and profitable business venture. Lead generation is a marketing term that talks about deploying strategies that will help you identify potential customers that may likely be interested in your goods or services.
To better put it, lead generation is the initiation of consumer interest or inquiry into the products or services of a business. Leads can be created for purposes such as list building, e-newsletter list acquisition, or sales.
Start a Logging Company
The fact that Vancouver can boast of a thriving forestry industry means that a logging company is bound to succeed in Vancouver. Logging companies are involved in cutting, skidding, on-site processing, and loading of trees or logs onto trucks or skeleton cars.
The trees are then transported as saw logs to cottage companies such as sawmills and pulp mills et al. Please note that starting a logging company requires a reasonable amount of startup capital but it’s indeed highly profitable.
Start an Advertising Agency Business
A standard Advertising agency creates advertising campaigns for periodicals, newspapers, radio, TV, and other media platforms such as social media.
Through internal capabilities or delegating, ad agencies provide advice, creative services, account management, production of advertising campaign material, and course media planning and buying like ad placement et al. You will help your clients place their advertisements in periodicals, newspapers, radio, TV and other media outlets such as social media and digital media platforms.
Open a Green Cemetery
The world is going green, most people alive want an eco–friendly world. It is becoming trendy that people are also adopting the green burial option when they die or for their loved ones. Green burials are done in a green cemetery and a green cemetery is a burial site that does not allow the use of vaults, non-biodegradable caskets, or even embalming chemicals.
So also, operators of green cemeteries do not make use of herbicides, pesticides, or irrigation for the maintenance of the cemetery grounds. All the materials that are used at a green cemetery must conform to the goal of going green and preserving the ecosystem.
Start Green House Farming
A greenhouse (also known as a glasshouse, or a hothouse as the case may be) is a structure with walls and roof made essentially of transparent material, such as glass, in which plants requiring regulated climatic conditions are grown. These structures vary in size from small sheds to industrial-sized buildings used for commercial farming. Greenhouses are often used for cultivating crops such as flowers, vegetables, fruits, et al.
Start Hardwood Flooring Installation Business
This is one business that you can successfully start on a small scale and if you are good with what you do, it won’t be too long before you become a household name in Vancouver. In Vancouver, you will notice that a good percentage of homes have wood flooring.
This goes to show that there is indeed a large market for the hardwood flooring installation business. Hardwood flooring installation howbeit technical is a business that can learned within a few months.
Open Hospice and Palliative Care Center
If you are naturally drawn to taking care of people with life-terminating illnesses, then you should consider starting a hospice and palliative care center in Vancouver. This is a very sensitive business to start as a single mistake can have dire consequences. This is also a business that shouldn’t be based primarily on profit.
The hospice and palliative care center business is a delicate business, you would need to network with hospitals, and other businesses in the health sector so that they can refer patients to your center; this does not however mean that you cannot source your clients directly.
Start Car Dealership Business
Players in the car dealership industry sell both brand new and used cars and they may fall in any of the following niche areas; brick and mortar car dealerships, online used car dealerships, locally produced car dealerships, imported car dealerships, luxury car dealership business, etc.
Start a Mortgage Brokerage Firm
Mortgage Brokerage firms are established with the sole aim of providing a convenient platform in form of a long-term loan to those who want to buy their property. With the loan you get from the bank via a mortgage brokerage firm, you can finance any property of your choice as long as you pass the screening and evaluation process.
The screening and evaluation are put in place to ensure that due process is followed before issuing a loan and the person receiving the loan must be creditworthy. In other words, Mortgage Brokerage firms stand as the middlemen between the Bank and the individual or organization seeking to buy a property.
Start Property Maintenance and Renovation (Property Management) Company
As a property manager, your core business responsibility is to maintain and renovate building facilities and to liaise with landlords, tenants, and in some cases various contractors.
For you to effectively conduct your business, you are expected to have a full grasp of the law when it comes to landlord and tenant relationships. As a property manager, it is your responsibility to create efficient and effective protocols that will make you relate well with your clients (landlords, tenants, and contractors).
Start a Solar Water Heater Installation Business
This is one business you can successfully start on a small scale and if you are good with what you do, it won’t be too long before you become a household name in your city. In Vancouver, you will notice that a good percentage of homes and offices have a solar water heater, and this goes to show that there is indeed a large market for solar water heater installation business.
Open a Spray Tanning Salon
In Vancouver, tanning is becoming the new normal because people with darker skin are considered healthy and perhaps beautiful hence the rise of spray tanning salons. Spray tanning is a temporary bronzing service offered at salons and spas to people who don’t want to go through the natural process of tanning.
Spray tanning is done in a booth in a beauty spa and these specially-designed booths have multi-functional nozzles or jets that spray your entire body with the spray tanning solution. As an aspiring entrepreneur who is looking for a profitable business to start in Vancouver, you can consider opening a spray tanning salon.
Trade Show Booth and Equipment Rental Business
The trade show booth and equipment rental business are all about renting out trade show booths and other relevant public-address equipment that are used by corporate organizations, government, groups, and individuals who want to organize or participate in a trade show.
A trade show display is a graphic display device designed to be used at a trade fair or trade show. These may include tabletop displays, banner stands, pop-up displays, flat panel displays, and other paraphernalia used to fill a temporary stall or booth at a trade fair or convention.
Start Wedding Gown Production Business
Please note that a business-like wedding gown production thrives on creativity, branding (media hype et al), and good business skills. Any aspiring entrepreneur can start a wedding gown production business, as long as they are creative, they can get people to promote their brand and have good business skills.
The starting size of this type of business doesn’t matter as long as the business is built on the right foundation and with the right combination of skills and talents.
Open a Flower and Gift Shop
The market for both fresh flowers and artificial flowers in Vancouver has continued to soar because we still have weddings, burials, and other special events taking place all around us. Fact remains that as insignificant as most people think a flower is, it is still a major requirement for weddings (Bouquet for the brides), burial designs (wreaths), love gatherings, and decoration of event centers and even worship centers.
Start Auto Insurance Firm
Auto insurance firms underwrite, or assume the risk and assign premiums for auto insurance policies. Automobile insurance provides financial protection against physical damage to automobiles and bodily injuries resulting from traffic collisions. It is worthy to mention that automobile insurance can also protect against resulting liability.
Open an Indoor Soccer Facility
Indoor soccer facility is one business that is bound to succeed in Vancouver because of the love of soccer in the country. As a matter of fact, in 2015, Vancouver was one of six venues for the 2015 FIFA Women’s World Cup, and it hosted the Final game between the United States and Japan. Building an indoor soccer facility can be expensive but you can be rest assured that you will make your money back within a few years of launching the business.
Start Liquid Air Freshener Production Company
What most standard liquid air freshener production companies rely on to increase sales cum revenue generation is a robust distribution network within their coverage areas. Retailers, supermarkets et al are some of the key business entities that you should partner with if you want to do pretty well in this line of business.
So, if you are considering going into the liquid air freshener production business in Vancouver, all you need is some capital to purchase or lease/rent a suitable production facility and then equip the facility with the needed machines and equipment.
Film and Video Production Company
The film and video production business is another good business you can start in Vancouver. Vancouver is a center for film and television production. Nicknamed Hollywood North, a distinction it shares with Toronto, the city has been used as a filmmaking location for nearly a century, beginning with the Edison Manufacturing Company. In 2008 more than 260 productions were filmed in Vancouver.
The film and video production industry is an industry that is responsible for producing and distributing motion pictures and videos. Even though the film and video production business can be expensive to run, the business is indeed a thriving business that has loads of players making huge profits from the industry.
Bar and Night Club Business
Vancouver has a vibrant nightlife scene, whether it be food and dining, or bars and nightclubs. The Granville Entertainment District has the city’s highest concentration of bars and nightclubs with closing times of 3 am, in addition to various after-hours clubs that stay open until late morning on weekends.
The street can attract large crowds on weekends and is closed to traffic on such nights. Gastown is also a popular area for nightlife with many upscale restaurants and nightclubs.
Start a Fishing Business
By fishing business, we mean fishing on the high sea. Located on the Burrard Peninsula, Vancouver lies between Burrard Inlet to the north and the Fraser River to the south. The Strait of Georgia to the west, is shielded from the Pacific Ocean by Vancouver Island making the city a fishing hub. There is indeed a global market for fish and you can leverage that to generate foreign exchange for your business.
Open a Fish Processing Plant
Fish processing is all about canning, drying, or using preservatives on fish to make them stay longer and be transported over a long distance. Interestingly, Portuguese-processed fish products are exported through several companies, under several different brands and registered trademarks, such as Ramirez, the world’s oldest active canned fish producer.
Start Commercial Farming Business
Commercial farming is all about the cultivation of crops and rearing of animals, fish, birds et al for the sole aim of making profits. In most cases, it is referred to as mechanized farming.
Good enough Vancouver is known to produce a wide variety of crops and livestock products, including tomatoes, citrus, green vegetables, rice, corn, wheat, barley, olives, oilseeds, nuts, cherries, bilberry, table grapes, edible mushrooms, dairy products, poultry, and beef. You can engage in the cultivation of some or all of the above and you can rest assured that there will be a market for your product.
Start Commercial Drone Delivery Company
Starting a commercial drone delivery company is yet another business idea that an investor should consider starting in Vancouver. The commercial drone delivery business is one of the many businesses that emerge with the advent of new technology.
A commercial drone delivery business involves helping your clients deliver their packages or goods via drones to any destination of their choice. With this type of business, you can choose to own a store (online or offline) if you have the financial capacity or you can choose to operate without a store. The bottom line is that you should know how to get goods delivered to your customers via drones.
Maple Syrup Production Business
Amongst the many businesses that can be started legally in Vancouver is a maple syrup manufacturing business. Maple syrup is a syrup that is prepared from the sugary sap of a maple tree.
Please note that maple syrup is classified as maple syrup only when it reaches a sugar level concentration of 66 percent sugar. A maple syrup manufacturing business is quite profitable because maple syrup contains higher levels of beneficial nutrients, antioxidants, and phytochemicals amongst others.
Start Sports Nutrition Consulting Business
The fact that sportsmen and women want to continue to stay in shape, and become peak performers means that they will do whatever it takes to achieve that goal including eating right and that is where a sports nutrition consultant comes in.
Sports Nutrition consultants are knowledgeable when it comes to the type, as well as the number of fluids and food to be taken by an athlete. In addition, it deals with the consumption of nutrients such as vitamins, minerals, supplements, and organic substances that include carbohydrates, proteins, and fats.
Start Bread and Breakfast Business
The bed and Breakfast business is perhaps one of the easiest means of owning a business portfolio in the hospitality industry. A typical bed and breakfast is a small lodging accommodation that offers overnight accommodation and breakfast to guests that lodge there.
Aside from breakfast, they usually do not offer other meals (whether dinner or launch). Normally, people that run bed and breakfasts make use of their private homes or their family homes. The average bed and breakfasts have 6 rooms, but generally, bed and breakfasts operate 4 to 11 rooms within a facility.
Start a Fishing Boat Charter Business
The Fishing Boat Charter industry consists of businesses that engage in services such as Inshore/coastal fishing, offshore fishing, tournament fishing, and commercial fishing. Operators in the Fishing Boat Charter industry provide charter boat fishing services for individuals, parties, and companies.
Operators may vary greatly in size, ranging from large operators with a fleet of vessels to single boat owner-operators and part-time charter companies.