Roanoke, VA

Business Ideas & Market Opportunities

The Roanoke market is currently outpacing the national growth rate. Our analysis identifies 53 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

9,865

Total Competition Pool

Market Size

315K

Total Metro Population

5-Year Growth Rate

+6.9%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

80

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 199 opportunities

Facilities Support Services

Growth
+750.0%
Scale
$198K PAY
Saturation
3.99
34 establishments

All Other Personal Services

Growth
+166.7%
Scale
$82K PAY
Saturation
0.96
24 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+118.8%
Scale
$6313.0M REV
Saturation
0.96
225 establishments

Clothing Accessories Stores

Growth
+100.0%
Scale
$91K PAY
Saturation
1.63
12 establishments

Tobacco Stores

Growth
+100.0%
Scale
$66K PAY
Saturation
1.35
28 establishments

Sign Manufacturing

Growth
+100.0%
Scale
$304K PAY
Saturation
1.80
10 establishments

Independent Artists, Writers, and Performers

Growth
+83.3%
Scale
$103K PAY
Saturation
0.28
11 establishments

Caterers

Growth
+75.0%
Scale
$223K PAY
Saturation
1.07
14 establishments

All Other Automotive Repair and Maintenance

Growth
+75.0%
Scale
$149K PAY
Saturation
2.86
14 establishments

Marketing Consulting Services

Growth
+75.0%
Scale
$169K PAY
Saturation
0.65
35 establishments

Other Services to Buildings and Dwellings

Growth
+75.0%
Scale
$76K PAY
Saturation
0.77
14 establishments

Medical Laboratories

Growth
+74.1%
Scale
$824K PAY
Saturation
2.82
47 establishments

Investment Advice

Growth
+73.7%
Scale
$560K PAY
Saturation
1.40
33 establishments

Ambulance Services

Growth
+71.4%
Scale
$1.1M PAY
Saturation
2.65
12 establishments

Photography Studios, Portrait

Growth
+66.7%
Scale
$86K PAY
Saturation
1.33
15 establishments

Outpatient Mental Health and Substance Abuse Centers

Growth
+63.6%
Scale
$769K PAY
Saturation
1.11
18 establishments

Security Guards and Patrol Services

Growth
+62.5%
Scale
$1.9M PAY
Saturation
1.18
13 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+62.1%
Scale
$248K PAY
Saturation
0.99
47 establishments

Automotive Parts and Accessories Stores

Growth
+54.0%
Scale
$616K PAY
Saturation
2.10
77 establishments

Offices of Physicians, Mental Health Specialists

Growth
+50.0%
Scale
$3832.0M REV
Saturation
0.88
73 establishments

Analyst Insights & Due Diligence

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

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?