50 Business You Can Start up with £50k

Ryan Patrick

Apr 26, 2024 • 21 min read

You might be thinking about what kind of business you can start with £50,000 if you recently got rich and want to leave the 9–5 job. There are plenty of good possibilities for various types of people out there, and the majority of the time it comes down to your abilities and desire.

In this blog post, Incorpuk presents to you the 50 best business ideas you can start up with £50k.

What are You Passionate About?

When choosing what kind of business to launch, this is an important question to ponder. If you have an enthusiastic interest, you might want to make it into a business. For instance, launching a home-based cake-making business can be an excellent option for you if you enjoy baking cakes.

What Skills Do You Have?

After thinking about your interests, evaluate your experience and skills to see whether any of them could be useful in launching your own company. Have you ever worked in sales? Are you an effective marketer? Do you possess financial or accounting knowledge? When starting your own business, all of these abilities can come in handy.

There are lots of things you could do with £50,000. We’ve compiled a list of some of the greatest companies to launch with £50,000 in case you’re at a loss for ideas.

50 Businesses You Can Start with £50k

Here are businesses you can start with £50,0000.

1. Events Planning Services

It is anticipated that this £364 billion business will expand by 7%–11% by 2026. This rapidly expanding industry offers a wide range of profitable markets and specializations.

As an event planner, you could have to pay for things like rent, marketing, communications, insurance, and licensing. But inventory and equipment are the biggest costs. If you organize big events, you may want to invest in high-end gear like speakers, staging platforms, and transportation. Clients are definitely willing to pay more for complete packages if you offer a full event setup.

In the UK, starting an event planning company typically costs between £12.5k and £25k. Although it’s not usually required, many event planners hold degrees in hospitality, travel and tourism, or events management.

2. A Food Van

One of the most successful small companies to launch in 2024 is a food van. The cost to start a food truck business ranges from £20,000 to £50,000, and this amount can change based on whether you decide to purchase a custom-built, pre-owned van or buy a new van and renovate it yourself. Additionally, it can change based on what you want to sell because coffee vans are less expensive to start and run than food vans similar to restaurants.

Compared to a traditional restaurant, this business model is significantly more cost-effective and has the ability to make comparable profits. Among the costs are fuel for the machinery’s operation, cooking gas or oil, extra storage space, cooking supplies, the price of wholesale food, and ground rent.

The location, the kind of food and beverages you serve, whether you have a seasonal menu, and if you can accommodate customers with particular dietary needs all have a big impact on how much money food truck owners make.

3. A Coffee Shop

A coffee café is a well-liked option for people wishing to launch a business with £50,000. Along with a variety of hot and cold beverages, coffee shops also provide pastries and snacks. A coffee shop’s initial expenses cover supplies, furniture, equipment, and marketing collateral. In addition, you’ll need to budget for personnel, utilities, and rent. A successful coffee shop can be a profitable endeavor, but it’s crucial to conduct thorough market research and draft a thorough business plan. A coffee shop can be a profitable business endeavor if it is in the ideal location and offers great coffee.

4. Food Delivery

You can start a food delivery business for £50,000. The first expenses encompass marketing, packaging, and automobiles. The company operates on a rather straightforward business model: consumers place phone or internet orders, and food is delivered right to their door. In this industry, dependability and efficiency are essential for success. Consumers want timely and error-free food delivery. A successful meal delivery company can make a lot of money if it has the right systems in place.

5. A Wine Business

A fantastic way to get started in the world of fine wine is to start a wine business with £50,000. Selling wine to customers or retailers directly is the focus of this kind of business. Retail space, marketing materials, and supplies are among the start-up costs associated with starting a wine business. You’ll also need to build contacts with wine distributors and familiarize yourself with the many varieties of wine. A lucrative wine business is possible, but it requires careful market analysis and a solid grasp of your intended consumer base. Creating a powerful branding plan is another important step in differentiating your company from the competition.

6. A Bar

If you have £50,000, you can consider starting your own bar, which can give people an interesting and enjoyable environment. Location, the ambience you wish to create, the food and drink options, and the décor and ambience are all important factors to take into account. Offering your customers an exceptional and unforgettable experience has the potential to win you a loyal customer base and even large sums of money. Just keep in mind that this kind of work is not for the weak of heart—it may be competitive and frequently involves long hours.

7. A Bakery

Who doesn’t love a good bread? Public bakeries sell bread, pastries, and other baked items. A professional kitchen, baking supplies, and marketing expenses make up the bulk of the startup costs for operating a bakery. Bakeries also have to follow local health rules and obtain a food service license. Creativity, a talent for baking, and a dedication to offering top-notch customer service are necessary for a bakery to succeed. If you can build a devoted customer base, running a bakery can be incredibly profitable.

8. A Catering Service

Catering businesses supply meals for various events, including weddings, celebrations, and corporate functions. Catering startup costs include commercial kitchen space, catering equipment, and marketing materials and all these could be covered with a capital of £30000 to £50,000. In addition, catering companies must obtain a food service license and follow municipal health regulations.

Catering businesses must also have a good marketing strategy in place and be able to satisfy the expectations of a fast-paced, ever-evolving industry. A successful catering business necessitates exceptional culinary talents, innovation, and great organizational abilities.

9. DJing

You could launch your own DJ company with £50,000 and provide music for corporate events, parties, weddings, and more. If you love spinning music at parties and are an enthusiastic music lover, why not launch your own DJ business? To start your business, you’ll need to purchase DJ gear including turntables, mixers, speakers, and lights, as well as compile a portfolio of mixes and playlists. You can work from home when making your set lists and choosing which events to play. Making connections with venues, event coordinators, and other business people in the field will help you draw in business and establish your credibility as a capable and dependable DJ.

Note that being a DJ involves more than just spinning tunes. Most of the time, you’ll also serve as Master of Ceremonies, directing the proceedings with a prearranged soundtrack and liaising with the caterer, photographers, videographers, and attendees.

10. Pet Sitting Business

If you love animals and want to start your own business with a modest investment, pet sitting is an excellent choice. You could start a pet-sitting company with £50,000 and provide services like playtime, dog walks, and overnight stays. Most of your capital will go into insurance, marketing and the necessary equipment. It is imperative that you secure all required permits for your firm, and that you advertise your services to prospective customers. Since most pet sitters bill by the hour or the day, it’s critical to establish rates that are competitive.

11. A Day Care Center

A childcare facility is another company that could be launched with £50,000. Children can get daycare and supervision from daycare centres during the day, usually while their parents are at work. The price of a place, furnishings and equipment, supplies and food, and employees are all included in the daycare centre’s initial costs. It’s crucial to learn about the laws in your locality as daycare centre licensing requirements differ from state to state. A daycare centre can be a profitable venture, however, succeeding requires patience, energy, and a love of working with children.

12. Home Care

With about £50k, you could begin a fantastic business providing elderly home care services. The number of older individuals in the UK is increasing, which is driving growth in the home care market. Businesses that provide home care for the elderly help with everyday living tasks like dressing, eating, and taking care of their hygiene. An Elderly home care company’s initial expenses include marketing materials, insurance, and training and certification. Compassion, endurance, and a thorough comprehension of the requirements of the elderly are necessary for this line of business, therefore can be very fulfilling if you possess these attributes.

13. A Cleaning Service

A housekeeping agency is a company that could be launched for as little as £50k. Cleaning services offer expert cleaning for establishments such as offices and residences. Getting cleaning supplies, equipment, insurance, and marketing materials make up the starting costs for a cleaning service. Researching the market and creating a lucrative and competitive pricing structure is crucial for growth. Reputation for high-calibre work is key to the success of a cleaning service company because many cleaning companies begin small and expand via referrals.

14. Mobile Car Wash

With about £50,000, one may launch a well-liked mobile car wash business. Typically, a mobile car wash concentrates on the outside of the vehicle, cleaning the body, wheels, and windows with a pressure washer, cleaning solutions, and brushes. Instead of requiring the client to travel to a set location, mobile car washes bring the cleaning supplies to them. For those who are too busy to visit a typical car wash but still want their car cleaned, this makes it a practical option. Starting a mobile car wash requires investing in a vehicle, a pressure washer, and additional cleaning materials. Particularly in places where there is a significant need for the service, a mobile car wash can be a lucrative enterprise.

15. Lawn Care Services

Another business that could be launched with £50,000 is lawn care services. Mowing, trimming, fertilizing, and other upkeep jobs are included in lawn care services. This business will require marketing materials, a car, and lawn care equipment as initial expenses. In this industry, establishing a solid reputation and offering top-notch services are essential to success. It’s crucial to have a strategy in place for handling cash flow during the off-season because lawn care services can be seasonal.

16. Laundry Services

Starting a laundry service with £50,000 could prove to be a lucrative business endeavour, particularly if you cater to families or busy individuals who lack the time to do their own laundry. You could offer ironing, dry cleaning, and pick-up and delivery services. The location, as well as the cost of washers, dryers, and ironing boards, will be your startup expenses.

To differentiate yourself from the competition, think about providing high-quality services at competitive costs. Recall that this line of work demands meticulous attention to detail and good customer service.

17. Gardening Services

There’s no better place to spend a day than in a garden. If you’re a creative, energetic person, gardening is a terrific business. With early mornings, weekend work, and physical labour, it can also be highly taxing on your body. This line of business requires a willingness to travel. To work effectively, you’ll need to invest in tools and equipment, which you’ll need to store overnight in a designated section of your house. As your company expands, you might think about hiring one or two employees because some jobs can be completed by two people.

18. Moving Company

You could launch your own moving business with £50,000 and offer both local and long-distance moving services to residential and commercial customers. To safeguard both your company and the property of your clients, you’ll need to make investments in moving trucks, dollies, blankets, straps, and other equipment in addition to insurance.

Hiring dependable workers who are in good physical shape will be essential to your success. Developing a reputation for offering economical, effective, and safe moving services will help you draw clients and expand your company. Additionally, you can establish your brand by distributing fliers, placing ads in neighbourhood Facebook groups, and promoting word-of-mouth recommendations.

19. A Motel

Using £50,000 to launch a motel is an excellent way to enter the hospitality industry. Usually, travellers often need a place to stay after a long trip, especially if they do not have relatives in that city. Motels are designed to rent out rooms or other accommodations to these travellers for a period of time.

The acquisition or leasing of a property, furnishings and fittings, advertising, and personnel expenditures are all included in the beginning costs of operating a motel. Along with having a solid grasp of the local market, you should also be able to offer competitive prices and outstanding customer service so as to retain customers in other to succeed in this line of business.

20. Renting Co-working Spaces

A co-working space typically offers freelancers, business owners, and other professionals a shared workspace. Co-working facilities usually hold classes and events in addition to providing desks, printers, internet connection, and other amenities. A co-working space’s start-up costs include rent, furnishings, and equipment. Strong community-building and marketing strategies are also necessary for co-working spaces to draw in members and foster a lively atmosphere. A good co-working space is one that serves as a centre of activity and collaboration and offers a stimulating and productive atmosphere.

21. A Décor Business

With £50k, you could start your own décor business that offers a range of services to help people transform their homes and offices. Some potential services you could offer include painting, wallpaper installation, interior decorating, and even custom furniture design.

One of those businesses that demand trust is decorating. Not only are you entering someone’s house, but you’re also altering its look, and proud homeowners demand the best possible result. A list of referrals and a portfolio of previous work will work wonders for you. Purchasing equipment and supplies is necessary, and for bigger jobs, you might even need to bring on some support from contractors or staff. Furthermore, you have to be knowledgeable about a variety of paints and materials that can fit any budget.

You will need to have strong customer service, creativity and attention to detail if you want to succeed. , Consider working as an apprentice to determine if you enjoy the position if you’re just starting to consider this field of employment as a possible career transition.

22. Leasing a Spare Room on Airbnb

With £50k, you can go into the hospitality industry by starting an Airbnb business. This kind of business entails using the Airbnb website to rent out your house or other owned property to tourists. For this kind of business, the initial expenses include advertising, listing fees, and furniture or other supplies you’ll need to get the place ready for visitors. Additionally, you’ll need to be well-versed in the policies and guidelines of the Airbnb site. An effective marketing plan and a well-prepared property may make an Airbnb business highly successful.

23. Yoga Instructor

If you’re an independent yoga instructor looking to charge for your services, £50,000 can help with the startup costs of your yoga studio as well as equipment and marketing. This might be a profitable business endeavour given the rising popularity of yoga, particularly if you’re certified in multiple styles of yoga and provide a range of classes to accommodate varying levels of fitness. In addition, you’ll be promoting better lifestyles for others.

24. Gym Services

If you have a strong business sense and a strong interest in fitness, you may have already thought of starting your own gym. Opening a gym will be on the upper side of the £50k budget. This is because aside from equipment, you also need to budget for the expense of constructing shower and bathroom facilities, plumbing, air conditioning, installing changing rooms, a point-of-sale system, and insurance for your company. The typical earnings of a gym owner in the UK is between £28,000 and £39,000, despite the high overhead costs.

25. A Grocery Store

A supermarket is a company that may be launched for £50,000. Selling groceries and other food items to customers is the core purpose of this kind of business. A storefront, marketing materials, and merchandise are included in the initial costs of opening a grocery store. Along with adhering to health and safety guidelines, you will also need to get a supermarket license. If you have an ideal location and provide competitive pricing, this kind of business can be quite profitable. It’s crucial to maintain a clean, orderly store and to offer excellent customer service. To draw in more consumers, a lot of grocery stores now include other services like pharmacies and pastries.

26. Selling Kitchen Utensils

Selling kitchen tools is a fantastic business venture to start up with £50,000. This kind of enterprise entails the sale of kitchenware, including pots, pans, and silverware. This kind of business requires marketing materials, a showroom, and inventory as start-up costs. You will also need to build contacts with suppliers and conduct market research to determine which products would be the best to sell.

27. Bookshop and Stationery

With £50,000, you may start a nice bookshop and stationery store with a diverse assortment of books, journals, pens, and other stationery products. Consider offering a mix of new and old books to attract a diverse customer base. This sort of business’s start-up expenses include the cost of space, inventory, and a point-of-sale system. Booksellers must be informed about books and capable of providing exceptional customer service.

You could also consider holding events like book signings, reading groups, or workshops to attract consumers and foster a feeling of community around your store.

28. Football Accessories

The United Kingdom is a nation that loves football and has many small fields throughout. A fantastic business one may start with £50,000 is selling football equipment. Jerseys, balls, footwear, and helmets are examples of football equipment. This kind of business requires a website, marketing materials, and inventory as start-up costs.

Due to the popularity of football among both adults and children, there is a high need for football equipment. Having a thorough awareness of the newest developments in sports technology and trends is essential for success in this field. Sales can be raised and new clients can be drawn in with the aid of social media, events, and sponsorship marketing.

29. Animal Feed Business

Investing £50,000 to start up an animal feed business is a fantastic way to get into the agricultural industry. Producing and distributing animal feed for cattle, poultry, and other animals is the focus of this kind of enterprise.

For this kind of business, you will require the acquisition or leasing of buildings, equipment, and storage facilities as part of its startup costs. Furthermore, you must be proficient in animal nutrition and capable of producing high-quality feed that appeals to your target market. A marketing plan is also necessary if you want to advertise your goods and reach different markets.

30. A Veterinary Business

Another business that can be launched with £50k is a veterinary clinic. This kind of enterprise entails giving animals veterinary treatment, which includes identifying and managing diseases and wounds. A Veterinary clinic, marketing materials, and inventory are among the initial costs of starting a business. Along with knowing the rules and legislation pertaining to veterinary medicine, you must also hold a license as a veterinarian. This kind of business can be extremely lucrative, particularly if you are well-liked in the neighbourhood. Success in this industry mostly depends on giving animals high-quality care and developing relationships with pet owners.

31. A Poultry Farm

Running a poultry farm involves business raising and selling chickens, eggs, and other poultry products and this great venture can be started up with £50,000 or less. The startup costs of starting a poultry business include the cost of land, pens, feed, feeders, drinkers, medication, vet personnel and other poultry equipment. Poultry businesses can be profitable if you have prior agricultural experience and are well-versed in the industry. It’s also important to take note of all health and safety regulations related to poultry farming. Poultry can be lucrative, particularly if you can identify a specialized market for your goods.

32. Pet Sitting Business

33. A Day Care Center

34. A Home Care

35. A Tailoring Service

Tailoring is a simple but great business to venture into if you have £50k. Fixing clothes, making dresses, and fixing tears or other damage are just a few of the services that tailors and alterations specialists offer. This kind of business requires a sewing machine and a location as start-up expenses. Experts in tailoring need to be proficient in sewing and capable of producing correct and timely work. The secret to success in our industry is word-of-mouth recommendations and marketing. Given that it offers a service that many people are in need of, this kind of business can be extremely profitable.

36. A Jewelry Store

A fantastic business to launch with £50,000 is a jewellery company. Selling jewellery, such as necklaces, earrings, and rings, is the focus of this kind of business. Retail space, marketing materials, and inventory are among the initial costs associated with starting a jewellery business. In your state, you might additionally need to have a jewellery license. It’s critical to give outstanding customer service and a distinctive jewellery collection. In order to succeed, your business should also have a strong social media following and an online presence. A jewellery company can make a lot of money if it focuses on quality and uses effective marketing.

37. A Cosmetics Business

A fantastic method to get into the beauty market is to launch a cosmetics company with £50,000. Selling cosmetics, including makeup, skincare items, and fragrances, is the focal point of this kind of enterprise. Marketing, packaging, and inventory are included in the initial expenditures of starting a cosmetics company. Investing in high-quality products and formulations is important in producing safe and efficacious products. You will also need to create a devoted client base and a powerful brand identity in order to grow a successful cosmetics company.

38. Sewing Equipment and Accessories

A sewing equipment and accessories business Is a wonderful business to start with £50,000. This type of business sells fabric, thread, buttons, and other sewing supplies to individuals and businesses. This type of business requires inventory, a showroom, and marketing materials as part of its initial costs. In addition, you must be familiar with sewing and capable of identifying the best products for your target market.

39. A Hair Store

With £50,000, you could stock your hair store with a wide range of products, including wigs, extensions, hair accessories, and styling products. Consider whether you want to specialize in one form of hair, such as human or synthetic hair, and how you will obtain your goods. You might also consider offering hair styling services at your store to attract consumers and increase revenue. Create an inviting setting with comfortable chairs, mirrors, and adequate lighting to put consumers at ease and watch your customer base grow.

40. A Clothing Boutique

A clothes store is an additional venture that may be launched for £50,000. A boutique offers a carefully chosen variety of clothes, accessories, and other things, usually with a particular theme or style. A location, display racks and mannequins, supplies, and marketing are all part of a clothes boutique’s initial costs. It’s important to research the target market in your environment, in order to develop a unique concept for your boutique. A boutique requires careful planning and close attention to detail, but it can also be a creative, profitable and enjoyable company with the appropriate strategy

41. A Photo Studio

A photography studio is an additional venture that could be launched for £50,000. Photographers can shoot images in photography studios, usually for corporate workers, individuals, and family clients. Starting a photography studio comes with expenses for a location, lighting, camera gear, and editing software. To draw in clients, it’s also important to have a solid portfolio and a marketing strategy. Starting a photography studio can be a very fulfilling endeavour for someone who has a love of photography and commercial acumen.

42. A Flower Business

Starting a floral business with £50,000 is an excellent idea. Selling fresh or dried flowers together with other goods like vases and gift baskets is the focus of this kind of business. A shop location, marketing supplies, and inventory are among the start-up costs of starting a flower business. It’s critical to be well-versed in both the most effective flower marketing strategies and the newest floral trends.

Depending on where you live, a florist’s license could also be required. Flower businesses can be quite profitable, particularly if you are passionate about flowers and have an artistic eye.

43. Makeup artist

Launch a makeup art business if you’re passionate about cosmetics and enjoy making people look beautiful. With £50k, you could invest in high-quality makeup products and supplies, as well as marketing materials and advertising to promote your services You could choose to work with locals or travel to expand your customer base by showcasing your skills for weddings, portraits, or other special occasions. Make pamphlets and a website where people can learn more about your services in addition to promoting them on regional Facebook groups. Remember, a portfolio showcasing your work is essential to demonstrate your skills and attract potential clients.

44. A Massage Parlor

Our body can occasionally become tangled up like a shoelace through a blender. This is where massage helps, acting as a kind of handy scissors to cut through the knots. For a tired and tense limb, a good massage is like a mini-spa day or vacation for the muscles. So, if you are good at massaging and helping people relax, you have found yourself a business idea.

You could purchase professional massage tables, sheets, oils, and additional materials with £50,000 in order to provide a variety of massage treatments. When establishing your business, things like location, furnishings, and atmosphere must be taken into account. Marketing strategies including providing promotional offers, collaborating with other companies on cross-promotion, or cultivating a loyal customer base through word-of-mouth recommendations can all be used to draw in clients.

45. A Flower Business

Depending on where you live, a florist’s license could also be required. Flower businesses can be quite profitable, particularly if you are passionate about flowers and have an artistic eye.

46. Cyber Café

With £50,000, opening a cybercafé might be a smart business venture, particularly if it’s close to other establishments or in a busy region. The services you will be providing include printing services, internet access, and computer rentals. Your capital will go into getting a good location, computers, routers and other ICT gadgets. You could develop in a devoted customer base if you can make your consumers feel at ease and welcome, give reasonable pricing, and deliver first-rate customer service.

47. An Ecommerce Website

Had a product idea that you were hoping to sell to everyone? Selling your goods on an e-commerce website is an excellent idea. The low overhead of an e-commerce website—all you need to establish your website on is a web server and platform—is one of its many advantages.

A few platforms to think about are

WordPress
Shopify and
Squarespace.

The last two are preferable choices because they are WYSIWYG editors if you are unfamiliar with web building or e-commerce websites.

48. IT Support

An IT support professional is a person who helps people and organizations with technical issues. You can start this fantastic business for £50,000. IT support professionals install software, give training, and assist clients with troubleshooting and fixing computer issues. The initial expenses of an IT support specialist company are marketing materials, software, and computers. Having a solid grasp of computer systems and the capacity to deliver top-notch customer service are also essential.

49. Dropshipping

Dropshipping is another business model that can be launched with as little as £50k. Dropshipping is the practice of selling goods online without keeping any stock on hand. Rather, the products are transported straight to the customer from the provider. For a start, dropshipping entails investing in a website, promotional materials, and inventory management software. Dropshipping is a low-risk business but it is very important to pick a niche industry that will constantly bring in sales, and get goods from reputable vendors. Once you have the right vendors and have established a loyal customer base, you are set to make a lot of profit.

50. A Coffin Business

A coffin or casket business is a business that can be started with £50,000. Caskets, coffins, and other funeral products are sold in this kind of business. This kind of business requires marketing materials, a showroom, and merchandise as startup expenditures. You should also be knowledgeable about the funeral business and the various kinds of coffins and caskets that are offered. Although this is a potentially lucrative business, it is crucial to establish a solid reputation and solid working connections with funeral homes.

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Final Thoughts

As you have seen, there are numerous businesses you can start with £50,000. From a busy bar to a relaxing massage parlour. When it comes to entrepreneurship, the sky is the limit, and these ideas are just the beginning. Remember that whatever business you select, enthusiasm, hard work, and dedication are essential for success.

Most importantly, the key to a successful business is not only initial capital, but also knowledge, strategy, and support. If you need help navigating the difficult world of entrepreneurship, contact Incorpuk, a business consultancy service that can give you the guidance and knowledge you need to make your ideas a reality. With Incorpuk at your service, you can have confidence that your business is in good hands.