Elkhart-Goshen, IN

Business Ideas & Market Opportunities

The Elkhart-Goshen market is currently outpacing the national growth rate. Our analysis identifies 34 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

5,778

Total Competition Pool

Market Size

207K

Total Metro Population

5-Year Growth Rate

+10.3%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

78

Niches with LQ < 0.8

Analyst Tip

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Showing 20 of 143 opportunities

Offices of All Other Miscellaneous Health Practitioners

Growth
+233.3%
Scale
$4779.0M REV
Saturation
0.90
120 establishments

Child and Youth Services

Growth
+225.0%
Scale
$186K PAY
Saturation
1.34
13 establishments

Lessors of Other Real Estate Property

Growth
+157.1%
Scale
$176K PAY
Saturation
3.50
18 establishments

Retail Bakeries

Growth
+120.0%
Scale
$217K PAY
Saturation
2.03
11 establishments

Office Administrative Services

Growth
+100.0%
Scale
$1.6M PAY
Saturation
0.53
12 establishments

Convenience Stores

Growth
+100.0%
Scale
$216K PAY
Saturation
0.54
12 establishments

Other Miscellaneous Nondurable Goods Merchant Wholesalers

Growth
+83.3%
Scale
$280K PAY
Saturation
1.76
11 establishments

Cut Stock, Resawing Lumber, and Planing

Growth
+83.3%
Scale
$2.1M PAY
Saturation
71.59
11 establishments

Assisted Living Facilities for the Elderly

Growth
+83.3%
Scale
$516K PAY
Saturation
0.88
11 establishments

All Other General Merchandise Stores

Growth
+67.9%
Scale
$155K PAY
Saturation
1.71
47 establishments

Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

Growth
+66.7%
Scale
$810K PAY
Saturation
2.69
10 establishments

Services for the Elderly and Persons with Disabilities

Growth
+66.7%
Scale
$851K PAY
Saturation
0.83
20 establishments

Drywall and Insulation Contractors

Growth
+62.5%
Scale
$493K PAY
Saturation
1.04
13 establishments

Civic and Social Organizations

Growth
+55.6%
Scale
$145K PAY
Saturation
1.95
28 establishments

Tire Dealers

Growth
+54.5%
Scale
$711K PAY
Saturation
1.44
17 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+53.3%
Scale
$237K PAY
Saturation
0.79
23 establishments

Marketing Consulting Services

Growth
+50.0%
Scale
$308K PAY
Saturation
0.37
12 establishments

All Other Specialty Trade Contractors

Growth
+50.0%
Scale
$1.8M PAY
Saturation
1.28
33 establishments

Medical Laboratories

Growth
+50.0%
Scale
$72K PAY
Saturation
1.48
15 establishments

Motor Vehicle Supplies and New Parts Merchant Wholesalers

Growth
+48.1%
Scale
$898K PAY
Saturation
5.45
40 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Elkhart-Goshen:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?