11 family business ideas for starting a family-owned company in 2025
September 12, 2024
The New Year is just around the corner, and it’s time for the 2023 New Year’s Resolution. If you are looking to start your own business with a reliable team whom you trust, consider beginning a family-owned company. Once your family has agreed to help you launch your company. All that’s left to do is pick one of the many fantastic family business ideas listed below, and you are ready to go.
Top 11 family business ideas you can start in the next year
We have listed the top 11 profitable family business ideas that we are sure will inspire you to start a family-owned company.
Laundry business
The laundry business focuses on laundry and dry cleaning services that professionally wash, dry, fold, and press clothes for residential and commercial clients. By picking up bags of laundry and returning them refreshed on a weekly or daily basis, customers save substantial personal hassle versus doing small loads at home. For businesses like hotels that generate immense piles of soiled linens, outsourcing to an efficient large-scale laundry operation reduces costs over on-site equipment and water bills.
Well-timed cleaning routes give clients back reliably cleaned items satisfying even strict quality standards. Laundry services ease life’s maintenance chores so clients enjoy regained freedom to focus energy on more rewarding aims. As urban living expects more compact living and sustains density across neighborhoods, community laundromats keep serving collective needs in scaled, eco-efficient hub locations.
How much you can make: $50K – $500K annually
How much does it cost to start: $10K – $100K
How long does it take to build: 3-6 months
Rental business
A rental business is simple to launch and doesn’t need ongoing product creation, acquisition, and sales. You can rent anything from trucks, equipment, and camping gear to party supplies, musical instruments, and picture booths for gatherings.
When operating this kind of business with your family, it’s crucial to define responsibilities between each other. That means one person handles all office and administrative work, another takes care of marketing, and another interacts with clients and delivers rentals to them. Maintaining the products you rent out and upgrading fresh materials and supplies will be your primary focus.
How much you can make: $50K – $1M annually
How much does it cost to start: $50K – $500K
How long does it take to build: 6-12 months
Catering
Does anyone in your family enjoy cooking? – If so, starting a catering company can be a great family business idea. Each individual can contribute something unique and delicious to develop a dynamic and varied menu for customers.
The benefits of running a catering company with your family include knowing their skills about leading a business and their strengths and weaknesses in the kitchen. Even if certain family members choose not to partake, they can still invest in the company and work behind the scenes to get things off the ground.
How much you can make: $50K – $500K annually
How much does it cost to start: $10K – $100K
How long does it take to build: 3-6 months
Pet care
Lockdown increased our love of animals. But as many individuals now get back to work in traditional offices or engage in hybrid work, the need for dog walkers is only growing. In the UK alone, 52% of adults own a pet, so it makes sense that this trend is still at the top of the list. This is an excellent chance for the entire family to get involved in launching a pet care company.
With references and excellent work, you may transform your little business into a large success so that people will trust your reputable services. In the beginning, start with your neighbors’ pets in the area and establish your services such as grooming, walking, sitting, vet care, and so on.
How much you can make: $20K – $100K annually
How much does it cost to start: $1K – $10K
How long does it take to build: 1-3 months
Decorating
From basic event décor to comprehensive event planning. You can turn creative design concepts into a prosperous family business by offering decorating services.
Assist homeowners in meticulously planning how to decorate their houses with seasonal trinkets can give you an opportunity for good earnings. Also, you can start decorating places or homes for holidays such as Christmas, Halloween, Thanksgiving, Easter, or any other special occasion.
Also, you can provide comprehensive festive party planning and setup along with decoration suggestions, materials, and services for birthdays, marriages, graduations, baptisms, and other memorable events.
How much you can make: $50K – $500K annually
How much does it cost to start: $10K – $50K
How long does it take to build: 3-6 months
Child or elder care support
Daycare or eldercare might be a terrific opportunity to start a family business and make money while having fun and helping youngsters and elder people.
It’s a low-investment business because you can give service at either your home or the home of a needy individual. By doing this, you can cut operating expenses because you won’t need to rent or build up physical offices.
Promote your business services to your neighbors, loved ones, and the community, and make a website where you can share your services with people in need.
How much you can make: $20K – $100K annually
How much does it cost to start: $1K – $10K
How long does it take to build: 1-3 months
Farming/ranching
Does everyone in your family enjoy farming or agriculture? – If so, this could grow into one of the best family business ideas.
In the beginning, you’ll need an initial investment and put in some effort. You’ll need to locate and buy the ideal plot of property and select crops. Next, prepare the soil for planting and, then keep your fields free of pests and blight.
Although there is a lot of work to be done on the farm, you’ll have to find a place for your ranch and choose what kind of animals you will raise. Will it be pigs, cows, chickens, or lambs? Also, you need to secure a market for export.
Even though it sounds like a large investment, farming/ranching is still a valuable business so that you and your family can live a comfortable life.
How much you can make: $50K – $1M annually
How much does it cost to start: $100K – $1M
How long does it take to build: 1-3 years
Delivery services
Delivery services are more in demand than ever since the pandemic began. You can get anything, even flowers, delivered right to your door.
To brighten people’s days under challenging times, start your own family business and enlist the help of your immediate family in a flower delivery service. You may unite people and share love and happiness by offering the best service.
Start a little business to sell fresh flowers to the neighborhood. Fast delivery and effective communication can help you expand, attract new clients, and develop this family business idea into a successful company.
How much you can make: $50K – $500K annually
How much does it cost to start: $10K – $100K
How long does it take to build: 3-6 months
Travel agency
Why not open your travel agency? It may be a successful business and an excellent opportunity to spread your passion for travel. Due to pent-up demand, travel agencies have recovered from the pandemic and have a 38% increase in revenue in 2022, and the growth will continue in the coming years.
Launching a travel agency might be simple if you have the resources and an initial plan. It would be best if you first decided who your target market is. Are you going to focus on domestic or foreign travel? Once you’ve identified your market niche and created a business plan, you should focus on building your brand and marketing it to attract customers. Exploring the potential of becoming a corporate travel agency could be a lucrative avenue to consider amidst your business planning.
How much you can make: $50K – $500K annually
How much does it cost to start: $10K – $100K
How long does it take to build: 3-6 months
Baking
Many people enjoy baking, so why not start your family bakery if you are a 5-star baker? Initially, it can be casual, baking simple meals, such as bread and cookies, and custom-made cakes. Once your business advance, you can broaden the menu.
You might also offer your products to the general public by partnering with your neighborhood groceries, and cafes, or marketing your business at events held in your community. Finding regular customers is one of the main problems of running this business. But if you have a niche bakery with great goods, can be a real money maker.
How much you can make: $20K – $100K annually
How much does it cost to start: $1K – $10K
How long does it take to build: 1-3 months
House cleaning
House cleaning can be another fantastic family business idea with a low initial investment. It’s a flexible job; you can set hourly prices and organize your duties.
People are working from home and spending more time at home due to the epidemic, which has produced a variety of opportunities in this sector. So, if one partner enjoys cleaning and the other is handy around the house, this is the perfect family business. If everything is going well, you can even decide to transform the business into a cleaning company.
How much you can make: $20K – $100K annually
How much does it cost to start: $1K – $10K
How long does it take to build: 1-3 months
Conclusion
Depending on your interest and skill set, you have a wide range of possibilities if you want to launch a family-owned company. While some family business ideas need specialized knowledge or a financial commitment, others can be launched with low investment.
Creating a family business presents a fantastic opportunity for growth and building a stable financial future for you and your family.
More must-read stories from Enterprise League:
- Creative and profitable 3D printing business ideas.
- Box truck business ideas with profit potential.
- Creative and profitable dog business ideas for dog lovers.
- Photography business ideas with promising earning potential.
- Unleash your culinary creativity with these catering business ideas.
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