Business Survivability in Richmond Hill, New York City
StreetSpring's 2026 analysis finds that the best business to open in Richmond Hill is a Physical Therapy Clinic with a ~83% chance of surviving at least 2 years across the neighborhood on average.
Quick Summary
- Survivability Score: the projected chance a business type lasts two or more years at a specific address
- Best business: a Physical Therapy Clinic in Richmond Hill (~83% average survival rate, ~85% at best locations)
- Neighborhood rank: #128 across all neighborhoods in and around New York City
- Neighborhood average: ~78% two-year survival across all business types
- Coverage: This ranking carries one row per business type and neighborhood. Its score is the projected chance of lasting two or more years, averaged across the price points StreetSpring scores separately in the tool (most types have 5). The 10 business types here are base types; the tool offers 500+ business types, counting each type at each of its price points.
- Rankings updated quarterly with latest market data
- Detailed methodology
Last reviewed: September 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Richmond Hill a good place to start a business?
- How to find the best location
- Best businesses to open
- How much money could a business make?
- What businesses should open next?
- Frequently Asked Questions
Summary
StreetSpring's 2026 analysis finds that the best business to open in Richmond Hill is a Physical Therapy Clinic with a ~83% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a ~85% chance; next is a Chicken Shop with a 78.36% chance, followed by a Tapas Restaurant with a 77.89% chance.
Is Richmond Hill a good place to start a business?
Among all neighborhoods in and around New York City, Richmond Hill ranks #128 for business survivability, with an average ~78% chance of lasting two or more years.
- The top business types in Richmond Hill, when placed at their ideal addresses, achieve survivability rates ~7% above the neighborhood-wide average.
- Even so, the weakest addresses in Richmond Hill for those same business types can underperform considerably. StreetSpring's address-level scoring exists precisely to identify which specific storefronts make the difference.
- The 92.5% employment rate in Richmond Hill supports consumer spending, while a 3.9% vacancy rate reflects available storefronts — both of which shape the survivability landscape for any new business here.
Employment and vacancy figures sourced from the U.S. Census Bureau American Community Survey.
How can you find the best location to open a business in Richmond Hill?
StreetSpring narrows the decision down to the exact address — showing which blocks in Richmond Hill produce the highest survivability scores for your concept. StreetSpring's 2026 model ranks this area #1 in Richmond Hill for a Physical Therapy Clinic:
The highlighted area represents the address in Richmond Hill that StreetSpring's 2026 analysis ranks highest for a Physical Therapy Clinic survivability. Market conditions are changing daily, and it is best to use StreetSpring's most up-to-date data. StreetSpring's scoring incorporates hundreds of inputs, including competitive quality and density, projected consumer spending, Revenue Capture Score, and local demand patterns.
Check if this location is still available →
What are the best businesses to open in Richmond Hill?
| # | Business type | Chance of lasting two or more years |
|---|---|---|
| 1 | Physical Therapy Clinic | 82.99% |
| 2 | Chicken Shop | 78.36% |
| 3 | Tapas Restaurant | 77.89% |
| 4 | Convenience Store | 77.51% |
| 5 | Barbecue Restaurant | 77.25% |
| 6 | Tanning Salon | 77.17% |
| 7 | Gym | 76.64% |
| 8 | Dessert Shop | 76.58% |
| 9 | Seafood Restaurant | 76.39% |
| 10 | Coffee Shop | 76.11% |
#1-5: Highest Survivability in Richmond Hill
- Physical Therapy Clinic (Ranked #1): 82.99% average in Richmond Hill. Best-case storefronts: ~85%. Challenging locations: ~80%.
- Chicken Shop is ranked #2 for top businesses to open in Richmond Hill: 78.36% chance on average, best at ~82%, challenging at ~75%.
- Tapas Restaurant — ~75%–~81% survivability range, with an average of 77.89% across Richmond Hill.
- Opening a Convenience Store in Richmond Hill shows 77.51% average survivability. Top locations reach ~81%; lower-end sites show ~74%.
- Barbecue Restaurant (Ranked #5): 77.25% average in Richmond Hill. Best-case storefronts: ~80%. Challenging locations: ~74%.
#6-10: Strong Performers in Richmond Hill
- Tanning Salon is ranked #6 for top businesses to open in Richmond Hill: 77.17% chance on average, best at ~80%, challenging at ~74%.
- Gym — ~74%–~80% survivability range, with an average of 76.64% across Richmond Hill.
- Opening a Dessert Shop in Richmond Hill shows 76.58% average survivability. Top locations reach ~79%; lower-end sites show ~73%.
- Seafood Restaurant (Ranked #9): 76.39% average in Richmond Hill. Best-case storefronts: ~80%. Challenging locations: ~73%.
- Coffee Shop is ranked #10 for top businesses to open in Richmond Hill: 76.11% chance on average, best at ~80%, challenging at ~72%.
Top 3 Compared Nationally
- Physical Therapy Clinic — See how this compares to other cities →
- Chicken Shop — See how this compares to other cities →
- Tapas Restaurant — See how this compares to other cities →
How much money could a business in Richmond Hill make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, securing a location with maximum Revenue Capture potential in Richmond Hill could lead to you making ~7% more than if you selected an average location, and ~17% more than if you selected one of the worst locations.
How StreetSpring calculates location value
- No two business types have identical location needs; survivability scores reflect these differences at the address level.
- Location is the single strongest predictor of whether a business thrives or fails.
- StreetSpring's analysis shows that businesses in top-scoring locations generate meaningfully more revenue and stay open longer than those in average locations.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate.
What businesses should open next in Richmond Hill?
The top businesses to open next in Richmond Hill:
- Physical Therapy Clinics — 82.99% average survival rate, ~85% at the best address
- Chicken Shops — 78.36% average survival rate
- Tapas Restaurants — 77.89% average survival rate
Market conditions are changing daily, and it is best to use StreetSpring's most up-to-date data. StreetSpring's training dataset includes millions of transactions and business lifecycle events. StreetSpring scores 500+ business types: 153 base business types, most of them at 5 price points, which is 569 type-and-price combinations you can choose in the tool. The 3.9% commercial vacancy rate in Richmond Hill means there is available space for new entrants — but it also signals that survivability depends heavily on choosing the right address within the neighborhood, not just the neighborhood itself. Survivability scores are live, not static — StreetSpring updates them weekly. Visit the tool to see what's currently available in Richmond Hill and how each address is scoring right now.
See the Survivability Score for your new business
Related Articles:
- See the New York City Business Survivability Rankings
- See the New York City Neighborhood Survivability Rankings
- Explore Physical Therapy Clinic survivability across New York City neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Richmond Hill.
What type of business should you rent your Richmond Hill storefront to?
StreetSpring's 2026 model places Physical Therapy Clinics, Chicken Shops, and Tapas Restaurants at the top of the survivability rankings for Richmond Hill — making them the safest long-term tenant bets for landlords here.
- Location is the single strongest predictor of whether a business thrives or fails.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate. Landlords can use StreetSpring to match their exact address to the tenant types most likely to stay open and paying rent for two or more years.
Related: See How Landlord Representatives in New York City Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Richmond Hill storefront to a Physical Therapy Clinic?
Yes, StreetSpring's analysis finds that a Physical Therapy Clinic would be the best type of business to rent your storefront to, with a potential ~85% chance of lasting more than 2 years; however depending on your location, the chances could drop to a ~80% chance.
- StreetSpring gives you a precise survivability probability for any specific address and business type combination, not a generalized estimate.
What should I consider when opening a business in Richmond Hill?
When evaluating potential locations in Richmond Hill, start with the Survivability Score. It accounts for competition, spending, mobility, and market share in a single figure.
- Where survivability is highest, Revenue Capture Score is invariably strong — the two are tightly correlated across every business type we've analyzed.
- These forecasts are generated using StreetSpring's unique analytical framework.
- StreetSpring's live survivability scores are available for free — check your specific address now.
See the best place for your business at StreetSpring.
StreetSpring analyzes millions of data points with AI to forecast business survivability. Aggregated survivability rankings for New York City are available in machine-readable format for research and integration purposes.
Full dataset for New York City: /resources/data/new-york-city-survivability-scores-2026.csv — includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.