5 Most Profitable Small Businesses in 2023

In this article, we take a look at the 5 most profitable small businesses in 2023. For more such businesses, go to 10 Most Profitable Businesses in 2023.

5. Retail Distribution

Average Net Margin: 16.5%

Retail distribution is one of the most profitable businesses to consider at a small scale in 2023. Retail distributors are companies that act as intermediaries between manufacturers and retailers. Their primary function is to purchase products in bulk from manufacturers and then sell them to retailers, typically in smaller quantities, for resale to end customers. Earnings in the retail distribution industry have grown 8% in 2022, and are projected to grow 3.7% per annum over the next few years. The net margin in retail distribution averages at 16.5%.