10 Profitable Businesses Millennials and Gen Z Should Buy as Boomers Retire

As Australia’s Baby Boomer generation continues to retire, a significant number of established small businesses are entering the market for sale. For Millennials and Gen Z entrepreneurs, this presents a unique opportunity to acquire profitable ventures with proven track records. According to William Buck’s 2025 Dealmaking Insights Report, 73% of mergers and acquisitions in Australia were valued under $50 million, indicating a robust market for small business transactions.

Below is a curated list of business types currently available for acquisition, along with typical investment ranges and profitability levels:

1. Aged Care and Disability Services

Investment Range: $500,000 – $2 million
Annual Profit: $150,000 – $600,000
Why It’s Attractive: With Australia’s ageing population, demand for aged care and disability services is on the rise. The Australian Bureau of Statistics projects that by 2030, 22% of Australians will be over 65, underscoring the sector’s growth potential.

2. Cleaning and Gardening Services

Investment Range: $100,000 – $400,000
Annual Profit: $80,000 – $250,000
Why It’s Attractive: Essential services like cleaning and gardening have proven resilient, especially during economic downturns. These businesses often have low overheads and established client bases.

3. Regional Hospitality and Accommodation

Investment Range: $300,000 – $1.5 million
Annual Profit: $100,000 – $400,000
Why It’s Attractive: Regional areas in Australia are experiencing a boom in domestic tourism. Businesses like bed and breakfasts, motels, and boutique hotels in towns such as Stanthorpe and Chinchilla are seeing increased demand.

4. Automotive Repair and Maintenance

Investment Range: $200,000 – $600,000
Annual Profit: $100,000 – $300,000
Why It’s Attractive: With Australians holding onto vehicles longer, the need for maintenance and repair services remains steady. Established workshops with loyal customer bases offer immediate revenue streams.

5. Childcare Centres

Investment Range: $500,000 – $2 million
Annual Profit: $150,000 – $500,000
Why It’s Attractive: Dual-income households are the norm in Australia, increasing the demand for reliable childcare services. Government subsidies in the sector also provide financial stability.

6. Health and Wellness Clinics

Investment Range: $250,000 – $1 million
Annual Profit: $100,000 – $350,000
Why It’s Attractive: The health and wellness industry is growing, with Australians spending more on services like physiotherapy, massage, and holistic treatments. Established clinics with repeat clientele offer solid investment opportunities.

7. Specialty Retail Stores

Investment Range: $150,000 – $500,000
Annual Profit: $80,000 – $200,000
Why It’s Attractive: Niche markets, such as eco-friendly products or gourmet foods, have dedicated customer bases. Stores with a strong online presence can further expand their reach.

8. Trades Businesses (Plumbing, Electrical, Carpentry)

Investment Range: $200,000 – $700,000
Annual Profit: $100,000 – $300,000
Why It’s Attractive: Skilled trades are in high demand across Australia. Acquiring a business with existing contracts and a skilled workforce can provide immediate returns.

9. Logistics and Courier Services

Investment Range: $300,000 – $1 million
Annual Profit: $120,000 – $400,000
Why It’s Attractive: The rise of e-commerce has increased the need for reliable delivery services. Businesses with established routes and contracts are particularly valuable.

10. Digital Marketing Agencies

Investment Range: $100,000 – $500,000
Annual Profit: $80,000 – $250,000
Why It’s Attractive: As businesses shift online, the demand for digital marketing expertise grows. Agencies with a portfolio of clients and a skilled team can offer steady income.

Conclusion

The impending retirement of Baby Boomers presents a unique window for younger generations to step into established, profitable businesses. By carefully evaluating opportunities and conducting thorough due diligence, Millennials and Gen Z can find ventures that align with their skills and aspirations, ensuring continued success in Australia’s dynamic economic landscape.

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