4 successful ideas for investing in an independent business in Mérida

Want to invest? Here’s why betting on an independent business in Mérida pays off.

It’s no news that life in Mérida is one of the best in Mexico, and that in recent years investment in the capital of Yucatán has grown exponentially.

The city has become a highly competitive destination by encouraging investment and supporting local entrepreneurs.

The magazine Entrepreneur placed the capital of Yucatán in the ranking of the 10 fastest-growing cities with more than 500,000 inhabitants, and one of the best to start a new business — in fact, the only city in the south of the country on the list.

According to the publication, besides offering investment opportunities, it provides greater stability, which lets entrepreneurs carry out projects to open an independent business in Mérida.

We recommend: 9 steps to start your food truck business.

Reasons to invest in Mérida

One point in favour of opening an independent business in Mérida relates to the efficient use of electricity in productive, innovative sectors.

Another key factor attracting investment is its high safety levels, low rates of vehicle theft and homicide, and great quality of life.

Life in Mérida is calm and safe, with access to green spaces, natural landscapes, first-class infrastructure and a wide, varied cultural offer, among many other advantages.

Mérida also shows significant growth and more stable economic activity. That means that besides offering business opportunities, it offers more stability than cities with smaller, more volatile economies.

According to official data, more than 30,000 formal jobs have been created in recent years, and its unemployment rate is one of the lowest in the country, not exceeding 2%.

4 independent businesses for entrepreneurs

1. Cafés and restaurants

Mérida is growing fast. Besides the notable population growth, add the thousands of tourists who visit at different times of year. Investing in this sector isn’t a risk as long as you know the best area. Some Centro neighbourhoods and the north of the city are a good option.

2. Organic-product shops

Organic food and product shops are also welcome in Mérida. More and more people are switching to healthier, more natural products. Starting with a small shop and later adding a restaurant or café can be a great option.

3. Laundries and dry cleaners

The north of the city is fertile ground for investment. Opening a laundry or dry cleaner as an entrepreneur can be a successful business, since there isn’t much competition in this sector.

4. Vets and pet shops

Pets are part of the family, and more and more people invest in them seeking quality services. Vets and shops are well regarded, especially if they offer novel products and emergency medical care.

What do you think of these ideas for opening a business in Mérida? What are you waiting for to invest?