Franchises for Sale in Summit, New Jersey
Summit, New Jersey Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Zoomin Groomin | Pet | $90,000 | |
| 2 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 3 |  | Automated Investments | Business Opportunities | $100,000 | |
| 4 |  | Proper Ecom | Business Opportunities | $50,000 | |
| 5 |  | The UPS Store | Printing Packing & Shipping | $75,000 | |
| 6 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 7 |  | Mr. Electric | Home Services & Repair Franchises | $65,000 | |
| 8 |  | Village Idiot Pizza | Food Franchises | $250,000 | |
| 9 |  | Poolwerx | Home Services & Repair Franchises | $80,000 | |
| 10 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 |
To gain comprehensive insights into Summit, 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.
| Summit, New Jersey Demographic Insights | ||
| Households (2024) | 7,962 | |
| Households (2029) | 7,974 | |
| Population (2024) | 22,471 | |
| Population (2029) | 22,774 | |
| Per capita Income (2024) | $118,503 | |
| Total Household Expenditures | $1,317,607,494 | |
| Total Retail Expenditures | $580,620,888 | |
| Average Household Income (2024) | $334,296 | |
| Average Household Income (2029) | $354,691 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Could Summit Be the Perfect Spot for Your Franchise?
- Is Summit a financially stable market for a franchise?
- How big is the customer base in Summit?
- What's the spending potential of Summit?
- Is there a workforce to support franchise operations?
- What about the financial stability of the community?
- How stable is the housing market in Summit?
- Why should I consider a franchise in Summit?
Is Summit a financially stable market for a franchise?
With a median household income of $207,063 and 5,361 owner-occupied homes, Summit reflects a community with stable earning potential and long-term investment in the area. Local spending habits, totaling $1.32 billion annually, highlight consistent demand for goods and services.
How big is the customer base in Summit?
Summit has 22,471 residents and 7,962 households, providing a solid customer base. With fewer competing businesses, franchises have greater opportunities to build strong brand loyalty and establish a trusted presence in the community.
What's the spending potential of Summit?
Residents contribute $1.32 billion annually in household expenditures. This suggests an opportunity to serve unmet needs or provide unique offerings tailored to the community.
Is there a workforce to support franchise operations?
Yes! Summit has 6,390 employed individuals, providing a dependable labor pool. With a strong sense of community and fewer competing employers, businesses often benefit from higher employee retention and a committed workforce.
What about the financial stability of the community?
With a median household income of $207,063, Summit offers a cost-effective market where franchises can succeed by offering affordable, value-driven options.
How stable is the housing market in Summit?
With 5,361 owner-occupied homes, Summit reflects a community invested in local growth, offering fertile ground for franchises that prioritize local engagement.
Why should I consider a franchise in Summit?
While the market is smaller, fewer competitors, lower operating costs, and strong community ties make Summit an ideal location for businesses offering essential services or niche products.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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