If you are thinking about buying and running a business in Byron Bay, don’t restrict yourself to just the town centre. The surrounding towns up and down the coast as well as those within the Byron Bay hinterland offer incredible opportunities for a business owner and host some of Australia’s best hidden eateries and businesses.
One of the most attractive options for someone looking to own a business within and around Byron Bay is to work within the tourism industry, either running their own accommodation for visitors, such as a motel, resort or the management rights for similar businesses. Because the area attracts visitors from all over the world, there is an increasing demand for high quality businesses as competition remains strong. For this reason, there are always high-quality businesses available to those looking to make the move to the area.
It’s not just the fact that Byron Bay’s economy revolves around the tourism industry that drives business owners to the area, but the lifestyle and affordability too. Buying a business in the area is both a business move and a literal sea change, with all the benefits that affords. It is the perfect destination for those who both love the ever-changing nature of running a business within a tourism centre and those who want an element of peace and predictable weather in their lives.
Within the hinterland, there are business opportunities to be found within every hidden oasis but especially so in the Bangalow area, a town rich in history and a tourism hotspot. Situated only a fifteen-minute drive from Byron Bay, Bangalow attracts a steady stream of tourists, especially couples, seeking relaxing escapes, shopping opportunities, food and drinks, and accommodation options as a jumping off point for the rest of the hinterland.
It isn’t just inland where business can be grown. South of Byron Bay is the quieter Lennox Head, which is home to some more general business opportunities, while being situated smack bang along Australia’s most celebrated coastline.
The greatest benefit of running a business within the Byron Shire is the access to a year-long flow of customers. Other locations along Australia’s coasts may provide a similarly relaxing and beautiful lifestyle, but may not attract the same numbers of people that are vital for any business, especially one within the tourism and accommodation industries, to survive.
Within Byron Bay itself there are a host of opportunities for business owners, many which are within the service and accommodation industries, but also in retail, construction, real estate and rental, and healthcare.