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The phrase "a sunset business" is correct and usable in written English.
It can be used to describe a business that is in decline or nearing the end of its lifecycle, often due to changes in market demand or technology.
Example: "The company has struggled to adapt to new trends, and many analysts consider it a sunset business."
Alternatives: "declining industry" or "fading enterprise".
Exact(2)
I started the animations because print media was going into a sunset business environment.
The SAB brand is called Shake Shake because the carton has to be shaken before each sip to disperse the sediment.SAB had until recently seen chibuku as a sunset business because of the competition from informal brewers who pay no tax.
Similar(58)
Rod Baker, its chief executive, declared horse racing a "sunsetting business, virtually everywhere in North America," during a March 8 conference call with stock analysts.
According to protocol, the flag may fly from sunrise until sunset; businesses and schools are permitted to fly the flag from opening to closing.
I started at sea, as Twain did — except I was on a "sunset booze cruise" operated by San Juan del Surf, a tour outfit whose main business is transporting surfers to hard-to-reach breaks.
For this particle-measuring flight, a sunset cruise, the load consisted of Liepert, an assistant, a guest, and the pilot, Marty Pfenninger, the owner of a paving business, who has been flying balloons for twelve years.
"I needed a sunset".
It's like a sunset.
"That was quite a sunset".
All day is like a sunset".
Planet Roger had produced a sunset.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com