Capricorn Coast Business
Capricorn Coast Business
All things business
In 2022-23, there were 8,900 businesses registered in the Capricorn Coast and Rockhampton area.
The majority of businesses registered are sole traders or non-employing businesses (58.8%) or micro-businesses (26.6%) that employ between one and four people.
The definition of a small business can vary based on:
- the number of employees - generally less than 20
- legal structure - unincorporated
- revenue - less than $2 million (taxation) and less than $50 million (prudential supervision)
- individual loan size - less than $1 million (prudential supervision) and less than $2 million (RBA analysis of financing conditions).
Small businesses play a significant role in the economy and account for almost half of employment in the private non-financial sector and over a third of production (Connolly, E., Norman, D. and West, T., 2012, Small Business: an economic overview).
Around 95% of active trading businesses are small businesses with approximately two-thirds having no employees. The agriculture, construction and business services industries have higher numbers of small businesses while industries requiring substantial investment in equipment, such as manufacturing and mining, are likely to be employ more workers (Connolly, E., Norman, D. and West, T., 2012, Small Business: an economic overview).
Opportunities for business
The Capricorn Coast and Rockhampton Region is a natural hub for the future growth and development of Central Queensland with access to great health, education and transport facilities. With a local population of approximately 120,000 people and double that regionally, the Capricorn Coast/Rockhampton region services a wide area and provides great opportunities for new and expanding business and industry.
The City of Rockhampton is one of two key regional logistical centres outside the southeast corner of Queensland that provides support for health, retail, education, recreation, engineering and major industries that contribute to 7% of the state’s Gross State Product. Steady population and industry growth in the resources, manufacturing and primary industries sectors is supported by a wide range of retail, health and education services. These services also support the broader Central Queensland region.
If you are searching for your next BIG opportunity, the Work in Central Queensland website is a great place to start and stay connected. With information on trending industries in our region, a resource centre for both employers and jobseekers and up-to-date notices on what’s happening in the region, the website is your one-stop-portal for our region.
Read moreInvestment opportunities
Due to its broad and well-established industry base combined with the overall stability of the region's economy, Central Queensland offers a multitude of investment opportunities. From a traditional perspective in established industries such as agriculture, manufacturing, property development, retail and transport through to enterprising and innovative solutions to satisfy national and global demands in key developing sectors such as health services, communications, agri-business, warehousing, entrepreneurial and professional services, education and tourism.
Prospective investors are encouraged to evaluate opportunities in the areas of:
- Innovative manufacturing
- Construction and property development
- Communications and electronics
- Health services
- Education programs
- Airport services and aeronautics
- Agri-business
- Transport and logistics
- Resources and mining
Are you ready to be your own boss?
Starting a business is exciting but it can be challenging too. From checking if you're ready to planning for success, registering your business to setting up operations, learn more from the Australia Government guide to starting a business.
The right business depends on your needs and your lifestyle. Check if you're business ready from preparing yourself for business and calculating start up costs, to the legal essentials and help for business - https://business.gov.au/planning/new-businesses/.
Buy a business
Buying an existing business can have its advantages but do your research before you buy as there can also be disadvantages. Contact Capricorn Enterprise for further information about local markets, research and where to find business advice.
Capricorn Enterprise recommends member organisations Indigo Gold, for project and business facilitation, business writing and copywriting as well as grant and tender writing; and The Intentional Branding Company, helping small businesses get clarity on their positioning, makrketing and branding.
If you're thinking about buying a franchise, the Australian Competition and Consumer Commission recommend doing your research before making a final decision or signing a franchise agreement as there are risks when running a franchise - https://www.accc.gov.au/update/buying-a-franchise-know-the-risks.
For more information about businesses for sale in the Capricorn Coast and Rockhampton region, contact Knight Frank Rockhampton - connecting people and property, perfectly.
Buy/rent commercial property
Finding the right location for your business is important whether you are newly established, scaling up from a home-based business or expanding to a larger site. Your business's location is important for its success and finding the right location requires research and planning.
Factors to consider:
- Access to distribution facilities and transportation links
- Proximity to other retailers or tourist attractions
- Town planning zones.
You will also need to consider what type of business premise suits:
- Warehouse - large storage with minimal office space
- Serviced office - fully furnished spaces are convenient for new businesses but may have more expensive leases
- Retail shop - stand-alone locations often have lower rent but less foot traffic while shopping centre locations have higher rents but increased flow of potential customers
- Co-working spaces - shared office spaces can increase productivity, drive innovation and build networks
When you've considered your needs, contact Knight Frank Rockhampton to assist your research into business locations and for more information about commercial and industrial property for rent in the Capricorn Coast and Rockhampton region.
Relocate your business
The Capricorn Coast and Rockhampton area is a region of lifestyle, diversity, sustainability, innovation and untapped opportunities offering not only a popular tourism destination, but a thriving community and region full of potential and possibilities for future investment, development and business.
The Livingstone Shire Council's Economy and Places team is always on the lookout for ways to increase the region's capacity to do business, thus increasing prosperity for business, industry and the community. The Council is committed to supporting local businesses so when you are starting, expanding or relocating your business, contact them for information and advice at the earliest stage - https://www.livingstone.qld.gov.au/doing-business/investment-and-business/opportunities-and-support.