Malindi is one of the best towns to start business in Kenya, it’s a tourist attraction town. If you want to start a business in this town, below is the list of the most profitable businesses to start:
Guest houses
Buy land and build guest houses for visitors. You will never go wrong with this business because there are thousands of visitors to Malindi daily.
Guest houses charge Ksh 6,000 and above per day.
Airbnb
Apart from guest houses, Airbnb business is also profitable in Malindi. Rent decent apartments with good security and convert the rooms into Airbnb. You will make over Ksh 100,000 monthly through your Airbnb business.
Wines and Spirits shop
Look for a capital of Ksh 200,000 to Ksh 500,000 and start wines and spirits shop. In Malindi, you will make at least Ksh 3,000 daily.
Boda boda business
Another business that’s very profitable and require low capital. You can get a boda boda through loan or buy in cash. A capital of Ksh 100,000 to Ksh 150,000 is required. You will be making Ksh 500 to Ksh 2,000 daily.
Online taxi business
Buy a car for Ksh 350,000 to Ksh 600,000, register it with Uber or Bolt and start making money online. In Malindi, you will make more than Ksh 2,000 daily from this business. Some taxi operators make over Ksh 5,000 daily. The good thing is that those wazungu will be tipping you. There are days you’ll make more than Ksh 10,000.
Mpesa shop
People transact a lot in Malindi,Mpesa shop will be the best business to start in this town—it’s very profitable. Capital for Mpesa shop is Ksh 100,000 to Ksh 200,000.
Hotel business
Hotel business require heavy investment. You need millions in order to set up a hotel in Malindi but the returns are good.
Kinyozi and executive salon
Set up an executive salon, kinyozi and massage business. Your target should be the visitors who can pay more than Ksh 500 for hair cut or over Ksh 3,000 for salon.
Sell bottled water
Malindi is a hot place, bottled water will be a good business to set up in this place. Water refilling business will cost you over Ksh 600,000 to start but the returns will be amazing.
Travel agency business
Since the town is dominated by visitors, ravel agency will be ideal because most of them will be booking your products online.
Grocery shop
Set up a small grocery business for selling vegetables and fruits, it will do extremely well in Malindi. You need a capital of as low as Ksh 20,000
Chemist
A chemist is essential business in Malindi. It’s extremely profitable. Capital required is Ksh 400,000 to Ksh 1 million.
Boutique and swimming costumes business
Sell products related to swimming especially swimming costumes. Boutique shop will also be ideal in this place because people who travelled with less clothes can buy from you.
