Elmira, NY

Business Ideas & Market Opportunities

The Elmira market is currently trailing the national growth rate. Our analysis identifies 7 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

1,698

Total Competition Pool

Market Size

83K

Total Metro Population

5-Year Growth Rate

-0.4%

⚠️ Trailing US(+0.1% avg)

Underserved Sectors

16

Niches with LQ < 0.8

Analyst Tip

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Showing 20 of 45 opportunities

Used Car Dealers

Growth
+42.9%
Scale
$102K PAY
Saturation
2.39
10 establishments

Veterinary Services

Growth
+42.9%
Scale
$365K PAY
Saturation
1.78
10 establishments

All Other General Merchandise Stores

Growth
+41.2%
Scale
$230K PAY
Saturation
3.15
24 establishments

New Car Dealers

Growth
+37.5%
Scale
$2.4M PAY
Saturation
3.06
11 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+33.3%
Scale
$227K PAY
Saturation
0.65
61 establishments

Automotive Body, Paint, and Interior Repair and Maintenance

Growth
+27.3%
Scale
$328K PAY
Saturation
2.43
14 establishments

Nail Salons

Growth
+22.2%
Scale
$174.0M REV
Saturation
1.84
26 establishments

Beer, Wine, and Liquor Stores

Growth
+22.2%
Scale
$194K PAY
Saturation
1.81
11 establishments

Plumbing, Heating, and Air-Conditioning Contractors

Growth
+19.0%
Scale
$593K PAY
Saturation
1.34
25 establishments

Commercial Banking

Growth
+18.8%
Scale
$1.2M PAY
Saturation
1.45
19 establishments

Fitness and Recreational Sports Centers

Growth
+18.2%
Scale
$206K PAY
Saturation
1.82
13 establishments

Landscaping Services

Growth
+18.2%
Scale
$166K PAY
Saturation
1.30
26 establishments

Offices of Lawyers

Growth
+17.4%
Scale
$213K PAY
Saturation
0.95
27 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+16.7%
Scale
$24.0M REV
Saturation
1.44
25 establishments

Janitorial Services

Growth
+15.4%
Scale
$208K PAY
Saturation
1.29
15 establishments

Other Building Material Dealers

Growth
+15.4%
Scale
$460K PAY
Saturation
3.49
15 establishments

Machine Shops

Growth
+11.1%
Scale
$2.1M PAY
Saturation
3.58
10 establishments

Offices of Physicians (except Mental Health Specialists)

Growth
+5.3%
Scale
$2657.0M REV
Saturation
0.57
46 establishments

General Automotive Repair

Growth
+4.8%
Scale
$155K PAY
Saturation
1.57
22 establishments

Labor Unions and Similar Labor Organizations

Growth
Scale
$225K PAY
Saturation
7.51
16 establishments

Analyst Insights & Due Diligence

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

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?