Springfield, OH

Business Ideas & Market Opportunities

The Springfield market is currently outpacing the national growth rate. Our analysis identifies 14 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

2,477

Total Competition Pool

Market Size

135K

Total Metro Population

5-Year Growth Rate

+2.9%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

35

Niches with LQ < 0.8

Analyst Tip

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Showing 20 of 57 opportunities

Outpatient Mental Health and Substance Abuse Centers

Growth
+100.0%
Scale
$398K PAY
Saturation
3.14
12 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+90.9%
Scale
$82.0M REV
Saturation
1.03
28 establishments

Home Health Care Services

Growth
+66.7%
Scale
$785K PAY
Saturation
1.04
10 establishments

Specialized Freight (except Used Goods) Trucking, Local

Growth
+58.3%
Scale
$559K PAY
Saturation
2.83
19 establishments

Offices of Real Estate Agents and Brokers

Growth
+55.6%
Scale
$91K PAY
Saturation
0.71
28 establishments

Administrative Management and General Management Consulting Services

Growth
+50.0%
Scale
$265K PAY
Saturation
0.83
21 establishments

Pet Care (except Veterinary) Services

Growth
+50.0%
Scale
$167K PAY
Saturation
2.00
12 establishments

Electrical Contractors and Other Wiring Installation Contractors

Growth
+46.2%
Scale
$428K PAY
Saturation
0.98
19 establishments

Temporary Help Services

Growth
+42.9%
Scale
$2.4M PAY
Saturation
1.23
10 establishments

Portfolio Management

Growth
+40.0%
Scale
$188K PAY
Saturation
1.34
14 establishments

All Other Specialty Trade Contractors

Growth
+40.0%
Scale
$123K PAY
Saturation
1.40
14 establishments

Beauty Salons

Growth
+38.1%
Scale
$114K PAY
Saturation
1.43
333 establishments

Other Individual and Family Services

Growth
+37.5%
Scale
$646K PAY
Saturation
1.25
11 establishments

Convenience Stores

Growth
+31.6%
Scale
$58K PAY
Saturation
2.89
25 establishments

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Growth
+30.8%
Scale
$3.0M PAY
Saturation
3.38
17 establishments

Other Accounting Services

Growth
+30.0%
Scale
$621.0M REV
Saturation
1.15
60 establishments

Site Preparation Contractors

Growth
+28.6%
Scale
$316K PAY
Saturation
2.01
18 establishments

Landscaping Services

Growth
+25.8%
Scale
$272K PAY
Saturation
1.40
39 establishments

Beer, Wine, and Liquor Stores

Growth
+20.0%
Scale
$67K PAY
Saturation
1.42
12 establishments

Full-Service Restaurants

Growth
+20.0%
Scale
$581.0M REV
Saturation
1.09
85 establishments

Analyst Insights & Due Diligence

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

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?