Business Opportunities
There are many business opportunities in the Parksville area and these may include:
- the building trades
- retail businesses related to new home construction or renovation
- specialty or niche retailing geared for the resort and in-migration markets offering unique, quality products and experiences
- tourism that is considered educational as well as entertaining like adventure and eco-tourism businesses
- Service and retail businesses related to seniors or aging would appear a likely sector with many of the residents being retired.
- Private training institutions catering to construction and service sector employment
- Rental accommodation
These are ideas only and we emphasize the need to conduct full feasibility studies for these or any other business concepts.
Retail Market Analysis
Download the Retail Market Analysis completed in 2006, it is invaluable to new business with key statistical information for business plan development or for existing companies looking to expand.
This study provides data that measures the potential of retail business opportunities in the city of Parksville, based on capturing and increasing the $376 million in retail expenditures that are currently spent by Oceanside households and visitors. This study has also identified the potential for the creation of new retail space in various retail business categories. Projections indicating the number of square feet required to meet consumer demand in 2006, 2010, and 2015 will assist new and existing businesses to define their market and expand and/or make changes to meet consumer’s needs. The greatest opportunities seem to be the sale and rental of recreation equipment followed by household furnishings and equipment, clothing, accessories and food. (Table 20, Page 29)
Commercial Land
A commercial land inventory was conducted in 2006 that highlights land assembly opportunities and clearly illustrates the existing land inventory. Please contact the Economic Development Office for more information and a copy. Retail opportunities exist, land is available for new development and incentives are offered for downtown redevelopment.
Confidential Assistance is offered for new inquiries and existing businesses through our office.