Franchises for Sale in Newark, New Jersey
Newark, New Jersey Franchise Opportunities (and Businesses for Sale)
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
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
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
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
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
To gain comprehensive insights into Newark, 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.
| Newark, New Jersey Demographic Insights | ||
| Households (2023) | 109,921 | |
| Households (2028) | 108,914 | |
| Population (2023) | 298,286 | |
| Population (2028) | 293,796 | |
| Per capita Income (2023) | $27,317 | |
| Total Household Expenditures | $6,137,420,348 | |
| Total Retail Expenditures | $2,870,616,594 | |
| Average Household Income (2023) | $72,224 | |
| Average Household Income (2028) | $79,349 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
With 39.9% of households having one vehicle and 19.5% owning two, Newark shows substantial reliance on personal transportation, solidifying the importance of the automotive industry. The gap report further emphasizes the opportunity for new car dealerships, with potential sales of $419.16 million versus actual sales of $374.34 million, revealing an unmet demand in the market. Automotive franchises offering repair and maintenance services could find a particularly robust customer base here. Given that a significant portion of the population commutes by car (52.4%), franchises that can cater to the maintenance and repair needs of these vehicles can be vital for Newark’s commuters.
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The annual food and beverage consumer expenditure in Newark is $913.53 million, indicating a vibrant market for dining and grocery. With a diverse population and a median household income of $50,410, there's ample opportunity for a range of food franchises, from quick-service restaurants to upscale dining and specialty food stores. Franchises that cater to a variety of income levels and tastes can tap into Newark's food expenditure and participate in the city's culinary expansion.
The expenditure on education in Newark is a notable $190.58 million annually, suggesting that educational services are valued. Franchise opportunities in tutoring, test preparation, and skill development could meet this demand. Given the mix of family sizes, education-related franchises have a significant opportunity to offer value to the community through a range of academic and vocational training services.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of November 22, 2024: