Franchises for Sale in Jersey City, New Jersey
Jersey City, New Jersey Franchise Opportunities (and Businesses for Sale)
Automated Investments is the pillar of e-Commerce automation. Automated Investments build and operate profitable and hands off Amazon FBA (Fulfilled-By-Amazon) businesses for their clients and investors. While the clients and…
100k Minimum Cash Required
The #1 women’s fashion franchise. We train our franchisees to be THE fashion destination in their local market, bringing in new styles earlier and more often than any competitor, all at reasonable prices, and ultimately win…
80k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. $100k Potential working from anywhere, full-time or part-time. Learn more about this…
30k Minimum Cash Required
Over 30 years of consistent growth. Ongoing support. Multiple revenue streams. Whether you’re looking into owning your very first store, or you’re interested in adding to your existing franchise portfolio, Batteries Plus…
100k Minimum Cash Required
Own a business that provides you the opportunity to help veterans, seniors, the disabled, caregivers, and others in your community. Keep them mobile by offering mobility products and equipment. Join Mobility Plus and start…
50k Minimum Cash Required
To gain comprehensive insights into Jersey City, New Jersey, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
| Jersey City, New Jersey Demographic Insights | ||
| Households (2023) | 125,442 | |
| Households (2028) | 133,065 | |
| Population (2023) | 303,742 | |
| Population (2028) | 327,129 | |
| Per capita Income (2023) | $57,753 | |
| Total Household Expenditures | $11,288,106,604 | |
| Total Retail Expenditures | $5,222,608,323 | |
| Average Household Income (2023) | $139,612 | |
| Average Household Income (2028) | $143,306 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
With an impressive total annual consumer expenditure of $1.63 billion on food and beverages and the actual sales for full-service restaurants at $363.62 million against a potential of $405.48 million, there's evident room for growth in the dining sector in Jersey City. The city's high average household income of $139,612 and the median income of $100,488 imply that residents have the means for regular restaurant visits or premium dining experiences. Quick-service and fast-casual dining franchises are likely to find a receptive audience, particularly when considering the potential sales for limited service restaurants are at $188.37 million against actual sales of $112.08 million.
Read More
The data points to an 89% housing unit occupancy rate in Jersey City, with a notable 27.1% owner-occupied rate. With an owner-occupied median home value of $495,838, there is likely a market for home improvement and maintenance franchises. Additionally, the $767.27 million spent annually on utilities by consumers suggests a substantial market for energy efficiency services and home automation, areas ripe for innovation and growth.
Jersey City’s total retail consumer expenditure is $5.22 billion annually, with specific sectors like apparel ($414.53 million) and entertainment ($652.73 million) indicating consumer interest in these areas. With the workforce predominantly in white-collar jobs (72.9%), there's likely a demand for retail franchises that cater to professionals, such as clothing stores, electronics, and specialty retail services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
At Franchise Gator, we prioritize transparency and objectivity to empower your franchise decisions. Unlike brokers or franchisors, our motivations are unclouded by financial incentives tied to your choices. We don't earn based on the franchise you opt for, instead, our mission is to present you with impartial insights. Navigate through a realm of franchising opportunities with information you can trust.
Most Popular Industries & Categories
As of November 22, 2024: