Please Confirm
Are you sure you wish to REMOVE from your request basket?
The table below offers a collection of data aimed at giving potential franchisees a glimpse into their market landscape. Click Read More to delve deeper, uncovering additional information to assist you in making a well-informed decision. These insights are tailored to highlight the opportunities in your city as you consider a franchise purchase.
| Key Data Points: Bloomfield, NJ 2023 | ||
| Data | Bloomfield, NJ | Nationwide |
|---|---|---|
| Population | 7.61 thousand | 333.2 million |
| Proj. 5 Year Population Growth | 7.3902% | 0.5% |
| Median Household Income | $403,693 | $74,580 |
| Median Age | 40.73 | 38.9 |
| Residents per Business | 1 to 42 | 10 to 1 |
| Annual Household Expenditures | $542.34 million | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
Analyzing the data for Bloomfield, NJ, within a 5-mile radius, several industries stand out as promising opportunities for new franchisees.
Read More
In the home services industry, the data indicates a substantial market opportunity. Given that 93% of the housing units are occupied and the majority are renter-occupied (56.5%), franchises that offer home improvement, cleaning services, or moving services could thrive. Furthermore, the homeowner-occupied median home value is $450,685, which suggests that there is a market for higher-end home services and renovation businesses.
Considering the significant annual consumer expenditure on food and beverages in Bloomfield, which stands at $3.27 billion, the food industry cannot be overlooked. The high percentage of renter-occupied units could suggest a demand for various dining options, including fast food, casual dining, and specialty food franchises.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Bloomfield, New Jersey Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 2 |  | Proper Ecom Academy | Business Opportunities | $50,000 | |
| 3 |  | Healthy YOU Vending | Vending Franchises | $60,000 | |
| 4 |  | Automated Investments | Business Opportunities | $100,000 | |
| 5 |  | Brusters Real Ice Cream | Food Franchises | $150,000 | |
| 6 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 7 |  | ClaimTek Systems | Financial Franchises | $20,000 | |
| 8 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 9 |  | Building Kidz School | Child Related Franchises | $200,000 | |
| 10 |  | SiteSwan Website Builder | Business Opportunities | $199 |
Is Bloomfield the Right Place to Launch Your Franchise?
- What's the business landscape like in Bloomfield?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Bloomfield?
- How financially stable is the community?
- What makes Bloomfield a great fit for franchise owners?
Question:What's the business landscape like in Bloomfield?
Answer:Bloomfield is home to 2,396 businesses, meaning franchise owners can enter a market with less direct competition and a more localized customer base.
Question:Is there a reliable workforce for my franchise?
Answer:Yes! The city has 1,382 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Bloomfield?
Answer:Absolutely. With a median rent of $1,357, franchise owners in Bloomfield can benefit from lower real estate costs, making it easier to secure commercial space.
Question:How financially stable is the community?
Answer:The average household income in Bloomfield is $403,693, supporting a stable and engaged customer base.
Question:What makes Bloomfield a great fit for franchise owners?
Answer:With 2,592 housing units and a strong sense of community, Bloomfield provides a stable market where franchises can establish long-term success.
At Franchise Ventures, 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.