Business Survivability in Richmond, Philadelphia
StreetSpring's 2026 analysis finds that the best business to open in Richmond is a Veterinary Clinic with a 80.7% 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 Veterinary Clinic in Richmond (80.7% average survival rate, 89.2% at best locations)
- Neighborhood rank: #48 of 127 neighborhoods in and around Philadelphia
- Neighborhood average: 67.2% 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: October 2026 by Robert Koons, Founder & CEO, StreetSpring
In this article:
- Summary
- Is Richmond 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 is a Veterinary Clinic with a 80.7% chance of surviving at least 2 years across the neighborhood on average, with the best locations offering a 89.2% chance; next is a Chiropractor Office with a 76.1% chance, followed by an Eye Care Center with a 75.0% chance.
Is Richmond a good place to start a business?
In Philadelphia's survivability rankings, Richmond comes in at #48 of 127 neighborhoods, with an average Survivability Score of 67.2% across the business types ranked there.
- For the top-ranked business type, the best addresses in Richmond score 8.5 points higher on the two-year chance than its average there.
- Even so, the weakest addresses in Richmond for those same business types can underperform considerably. StreetSpring's address-level scoring exists precisely to identify which specific storefronts make the difference.
- A 93.7% employment rate in Richmond means a large share of local consumers have steady income: a strong underlying condition for discretionary spending businesses.
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?
The right address in Richmond can mean a 20-point survivability difference from an average one: StreetSpring identifies exactly which addresses are worth pursuing. This is the address StreetSpring's 2026 analysis recommends most strongly for a Veterinary Clinic in Richmond:
According to StreetSpring's 2026 analysis, this circle outlines the best area for a Veterinary Clinic in Richmond. These rankings are based on the latest available data; check StreetSpring for real-time updates. StreetSpring's prediction model analyzes hundreds of factors across competition, spending on the specific potential business, projected revenue, projected market share, Revenue Capture Score, mobility patterns, and many more.
Check if this location is still available →
What are the best businesses to open in Richmond?
| # | Business type | Chance of lasting two or more years at a good address |
|---|---|---|
| 1 | Veterinary Clinic | 87.4% |
| 2 | Chiropractor Office | 86.6% |
| 3 | Eye Care Center | 86.6% |
| 4 | Clothing Store | 84.6% |
| 5 | Convenience Store | 84.6% |
| 6 | Cafe | 84.0% |
| 7 | Dermatology Clinic | 84.0% |
| 8 | Acupuncture Clinic | 84.0% |
| 11 | Bar | 83.6% |
| 13 | Gym | 83.6% |
Ties at a good address: Chiropractor Office and Eye Care Center are tied; Clothing Store and Convenience Store are tied; Cafe, Dermatology Clinic and Acupuncture Clinic are tied; Bar and Gym are tied. A tie is a tie: the rank column is the published file's order, which looks at the average and the best address next.
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
- #1 Opening a Veterinary Clinic in Richmond shows 80.7% average survivability. Top locations reach 89.2%; lower-end sites show 62.0%.
- #2 Chiropractor Office (Ranked #2): 76.1% average in Richmond. Best-case storefronts: 90.0%. Challenging locations: 56.8%.
- #3 Eye Care Center is ranked #3 for top businesses to open in Richmond: 75.0% chance on average, best at 90.0%, challenging at 56.4%.
- #4 Clothing Store: 76.1% on average across Richmond; best at 85.0%, challenging at 49.9%.
- #5 Opening a Convenience Store in Richmond shows 73.1% average survivability. Top locations reach 85.0%; lower-end sites show 49.4%.
Strong Performers in Richmond
- #6 Cafe (Ranked #6): 77.4% average in Richmond. Best-case storefronts: 84.0%. Challenging locations: 52.0%.
- #7 Dermatology Clinic is ranked #7 for top businesses to open in Richmond: 73.6% chance on average, best at 88.7%, challenging at 56.0%.
- #8 Acupuncture Clinic: 73.5% on average across Richmond; best at 88.7%, challenging at 56.0%.
- #11 Opening a Bar in Richmond shows 73.5% average survivability. Top locations reach 84.0%; lower-end sites show 49.8%.
- #13 Gym (Ranked #13): 67.8% average in Richmond. Best-case storefronts: 84.0%. Challenging locations: 48.4%.
Top 3 Compared Nationally
- Veterinary Clinic: See how this compares to other cities →
- Chiropractor Office: See how this compares to other cities →
- Eye Care Center: See how this compares to other cities →
How much money could a business in Richmond make?
Best location vs. average location
Based on StreetSpring's 2026 analysis, securing a location with maximum Revenue Capture potential in Richmond 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.
- Survivability data lets you compare locations on the same projected two-year chance before you open.
- StreetSpring's Revenue Capture Score, the revenue a business can capture at a specific address, is the factor that matters most when comparing locations.
- Two storefronts on the same street can have different survivability scores: StreetSpring calculates each one individually.
What businesses should open next in Richmond?
The top businesses to open next in Richmond:
- Veterinary Clinics: 80.7% average survival rate, 89.2% at the best address
- Chiropractor Offices: 76.1% average survival rate
- Eye Care Centers: 75.0% average survival rate
These rankings are based on the latest available data; check StreetSpring for real-time updates. 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. Richmond's employment rate (93.7%) and housing vacancy rate (9.8%) are part of the Census context StreetSpring's model reads when it scores each business type at each address. Survivability scores are recalculated regularly as new competitors open and spending patterns shift: visit StreetSpring to see the current score for any open location in Richmond right now.
See the Survivability Score for your new business
Related Articles:
- See the Philadelphia Business Survivability Rankings
- See the Philadelphia Neighborhood Survivability Rankings
- Explore Veterinary Clinic survivability across Philadelphia neighborhoods
Frequently Asked Questions
Here are the most common questions about opening a business in Richmond.
What type of business should you rent your Richmond storefront to?
If you own commercial space in Richmond, StreetSpring's 2026 data points to Veterinary Clinics, Chiropractor Offices, and Eye Care Centers as the tenant types with the strongest projected longevity at this location.
- Survivability data lets you compare locations on the same projected two-year chance before you open.
- Two storefronts on the same street can have different survivability scores: StreetSpring calculates each one individually. StreetSpring can show you which specific address in your portfolio scores highest for each tenant type.
Related: See How Landlord Representatives in Philadelphia Can Reduce Vacancy & Increase Tenant Longevity
Should you rent your Richmond storefront to a Veterinary Clinic?
According to our 2026 survivability model, a Veterinary Clinic leads all business categories for Richmond landlords: 89.2% at the best addresses and 62.0% at the most challenging ones in this neighborhood.
- Two storefronts on the same street can have different survivability scores: StreetSpring calculates each one individually.
What should I consider when opening a business in Richmond?
Start any location decision in Richmond with the Survivability Score: it combines 100+ location factors into one projected two-year chance.
- 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.
- These insights come from StreetSpring's exclusive, in-house forecasting models.
- Check StreetSpring's current survivability data for any address in Richmond, starting with a free 10-minute trial.
See the best place for your business at StreetSpring.
Using predictive analytics, StreetSpring helps entrepreneurs and landlords make smarter location decisions. Aggregated survivability rankings for Philadelphia are available in machine-readable format for research and integration purposes.
Full dataset for Philadelphia: /resources/data/philadelphia-survivability-scores-2026.csv: includes all business subtypes, all neighborhoods, survivability scores, and tier assignments. Licensed under CC BY 4.0.