Franchises for Sale in Newark, New Jersey
Newark, New Jersey Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Zoomin Groomin | Pet | $90,000 | |
| 2 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 3 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 4 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 7 |  | Mr. Electric | Home Services & Repair Franchises | $65,000 | |
| 8 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 9 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 10 |  | My Business Venture | Computer & Internet Franchises | $10,000 |
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 (2024) | 112,153 | |
| Households (2029) | 113,364 | |
| Population (2024) | 311,032 | |
| Population (2029) | 317,296 | |
| Per capita Income (2024) | $26,173 | |
| Total Household Expenditures | $9,106,711,447 | |
| Total Retail Expenditures | $4,454,605,007 | |
| Average Household Income (2024) | $71,952 | |
| Average Household Income (2029) | $74,526 | |
| 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.
Newark has a thriving local economy, supported by 73,886 employed individuals contributing to business growth and consumer demand. The median household income of $49,479 reflects steady earning potential, allowing residents to invest in goods, services, and local businesses. Additionally, with 22,338 owner-occupied homes, Newark demonstrates strong residential stability and long-term community engagement.
With a population of 311,032 and 112,153 households, Newark provides a large and diverse customer base that supports businesses across various industries. Residents collectively contribute $9.11 billion in annual household expenditures, showcasing high demand for goods and services.
For franchise owners looking for scalability, a strong workforce, and broad consumer reach, Newark presents an exceptional business environment with ample growth opportunities.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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As of February 22, 2025: