Business Survivability in Richmond Hill, New York City
StreetSpring's 2026 analysis finds that the best business to open in Richmond Hill is a Convenience Store with a 84.4% 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 Convenience Store in Richmond Hill (84.4% Typical, 90.3% Best)
- Neighborhood rank: #67 of 180 neighborhoods in and around New York City
- Neighborhood average: 63.6% two-year survival across the business types ranked here
- 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: November 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 Convenience Store with a 84.4% chance of surviving at least 2 years across the neighborhood on average, and 90.3% Best; next is a Cafe with 89.1% Best, followed by a Laundromat with 88.2% Best.
Is Richmond Hill a good place to start a business?
StreetSpring ranks Richmond Hill #67 of 180 neighborhoods in and around New York City, with an average Survivability Score of 63.6% across the business types ranked there.
- For the top-ranked business type, 90.3% Best is 5.9 points above 84.4% Typical in Richmond Hill.
- However, those same business types at the weakest addresses in Richmond Hill can score considerably below average. Even the most in-demand concept in Richmond Hill will struggle if it opens at the wrong address.
- The 92.5% employment rate in Richmond Hill supports consumer spending, while its 3.9% housing vacancy rate measures the share of homes and apartments standing empty: the model reads both as neighborhood characteristics.
Employment and housing 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?
The right address in Richmond Hill can mean a 20-point survivability difference from an average one: StreetSpring identifies exactly which addresses are worth pursuing. The map below shows the highest-scoring storefront area for a Convenience Store in Richmond Hill per 2026 data:
The highlighted area represents the address in Richmond Hill that StreetSpring's 2026 analysis ranks highest for a Convenience Store survivability. Even the best-ranked neighborhoods contain locations that underperform, and the worst-ranked ones have hidden gems. 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?
| Rank | Business type | Best | Typical | Worst |
|---|---|---|---|---|
| 1 | Convenience Store | 90.3% | 84.4% | 78.7% |
| 2 | Cafe | 89.1% | 80.2% | 74.4% |
| 3 | Laundromat | 88.2% | 80.2% | 75.0% |
| 4 | Clothing Store | 87.9% | 78.8% | 73.8% |
| 5 | Hair Salon | 85.6% | 75.1% | 67.9% |
| 6 | Spa | 81.8% | 73.1% | 66.1% |
| 7 | Beauty Salon | 81.3% | 73.7% | 67.5% |
| 8 | Coffee Shop | 81.2% | 71.9% | 64.0% |
| 10 | Veterinary Clinic | 80.4% | 74.2% | 68.1% |
| 11 | Chiropractor Office | 80.3% | 73.3% | 66.2% |
Best and Worst are the average results for the better and the worse of two addresses picked at random in the place: a weighted average of every scored location in which the best locations count the most for Best and the weakest count the most for Worst. Typical is the average address. Best is shown for a smaller space (half the standard size) and Worst for a larger one (half again as large), at the metro's median asking rent, using the same rent rule as our tool; Typical is at the market rent.
The rank column is the published file's rank within this place; a skipped number is a business type the file ranks here that this list leaves out to keep any one business family from filling it.
Highest Survivability in Richmond Hill
- #1 Opening a Convenience Store in Richmond Hill shows 84.4% Typical survivability, 90.3% Best and 78.7% Worst.
- #2 Cafe (Ranked #2): 80.2% Typical in Richmond Hill. Best: 89.1%. Worst: 74.4%.
- #3 Laundromat is ranked #3 for top businesses to open in Richmond Hill: 80.2% Typical, 88.2% Best, 75.0% Worst.
- #4 Clothing Store: 78.8% Typical across Richmond Hill; Best 87.9%, Worst 73.8%.
- #5 Opening a Hair Salon in Richmond Hill shows 75.1% Typical survivability, 85.6% Best and 67.9% Worst.
Strong Performers in Richmond Hill
- #6 Spa (Ranked #6): 73.1% Typical in Richmond Hill. Best: 81.8%. Worst: 66.1%.
- #7 Beauty Salon is ranked #7 for top businesses to open in Richmond Hill: 73.7% Typical, 81.3% Best, 67.5% Worst.
- #8 Coffee Shop: 71.9% Typical across Richmond Hill; Best 81.2%, Worst 64.0%.
- #10 Opening a Veterinary Clinic in Richmond Hill shows 74.2% Typical survivability, 80.4% Best and 68.1% Worst.
- #11 Chiropractor Office (Ranked #11): 73.3% Typical in Richmond Hill. Best: 80.3%. Worst: 66.2%.
Top 3 Compared Nationally
- Convenience Store: See how this compares to other cities →
- Cafe: See how this compares to other cities →
- Laundromat: 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 starts with the Revenue Capture Score, the most important factor in choosing a location: StreetSpring's estimate of the revenue a business can capture at that address.
How StreetSpring calculates location value
- Every business type has unique location requirements that must be considered.
- Location is the part of survivability you can measure in advance: the concept, the pricing and the operator are yours to judge.
- Compare the Revenue Capture Score of each shortlisted address first: it is the top factor in choosing a location, and it estimates the revenue a business can capture there.
- StreetSpring scores survivability down to the exact storefront location.
What businesses should open next in Richmond Hill?
The top businesses to open next in Richmond Hill:
- Convenience Stores: 84.4% Typical, 90.3% Best
- Cafes: 80.2% Typical, 89.1% Best
- Laundromats: 80.2% Typical, 88.2% Best
Even the best-ranked neighborhoods contain locations that underperform, and the worst-ranked ones have hidden gems. Every prediction draws on a dataset of millions of business openings, closures, and lifecycle events across the U.S. 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. A housing vacancy rate of 3.9% means the Census estimates that share of Richmond Hill's homes and apartments to be vacant; the model reads it as one input among many. Survivability scores are live, not static: StreetSpring updates them regularly. 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 Convenience Store 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?
For landlords in Richmond Hill, StreetSpring's 2026 analysis identifies Convenience Stores, Cafes, and Laundromats as the business types most likely to produce stable, long-term tenancy.
- Location is the part of survivability you can measure in advance: the concept, the pricing and the operator are yours to judge.
- StreetSpring scores survivability down to the exact storefront location. With StreetSpring, you can rank every potential tenant type by survivability score at your property address before committing to a lease.
Related: See How Landlord Representatives in New York City Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Richmond Hill storefront to a Convenience Store?
Yes, StreetSpring's analysis finds that a Convenience Store would be the best type of business to rent your storefront to in Richmond Hill, with 90.3% Best and 78.7% Worst for the chance of lasting two or more years.
- StreetSpring scores survivability down to the exact storefront location.
What should I consider when opening a business in Richmond Hill?
When opening a business in Richmond Hill, compare the Survivability Scores of your shortlisted addresses and favor the highest one your budget allows.
- The single most important number in a location decision is the Revenue Capture Score, StreetSpring's proprietary estimate of the revenue a business can capture at a specific address.
- StreetSpring uses its own proprietary forecasting tools to identify the Revenue Capture Score for each unique business.
- You can check the most up-to-date forecasts with StreetSpring, starting with a free 10-minute trial.
See the best place for your business at StreetSpring.
StreetSpring's AI platform has studied businesses serving more than 180 million+ Americans, giving its predictions a scale of validation unmatched in site-selection tools. 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.