5 Most Profitable Businesses With Least Investment in 2023

4. Pet Grooming & Walking

Net Margin: 40%

Minimum Initial Investment: $1400

The pet grooming industry has seen significant growth over the years as pet owners increasingly prioritize the grooming and hygiene of their furry companions. The estimated CAGR of 5.90% for the period of 2023-2028, as predicted by Expert Market Research, reinforces the industry’s potential for expansion and profitability.

The low startup costs and minimal investment required to establish a pet grooming business further add to its attractiveness as a business venture. Additionally, the growing awareness among pet owners regarding the benefits of pet grooming has led to a rise in demand for professional pet grooming services, indicating a favorable market outlook for the industry in the foreseeable future.