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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 for Jersey City, New Jersey | ||
| Data | Jersey City, NJ | Nationwide |
|---|---|---|
| Population | 303.74 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -7.4142% | 0.5% |
| Median Household Income | $139,612 | $74,580 |
| Median Age | 34.04 | 38.9 |
| Residents per Business | 1 to 35 | 10 to 1 |
| Annual Household Expenditures | $11.29 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
With an estimated average household income of $139,612 in 2023 and a projected increase to $143,306 by 2028, Jersey City presents a strong market for franchises. The median household income of $100,488, which is projected to grow to $104,245, also suggests a consumer base with discretionary spending power. Consumers with higher incomes often prioritize health and wellness, and the spending on health care ($890.84M) indicates a strong focus on personal well-being. Upscale gyms and specialized fitness centers could capitalize on this market.
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Furthermore, the data shows a high expenditure in the food and beverages category in Jersey City, amounting to $1.63 billion annually. This signals a robust opportunity for food franchises, particularly those offering fast-casual dining experiences that can cater to the tastes of a diverse population. With a total annual retail expenditure of $5.22 billion, there is significant potential for franchises that provide convenience and quality, such as gourmet coffee shops, ethnic cuisine, or quick-service restaurants that emphasize fresh ingredients and unique culinary experiences.
Lastly, the significant number of white-collar workers (72.9%) and a large segment working at home (32.5%) present opportunities for business services franchises. These could include printing and shipping services, coworking spaces, or IT support businesses that could support the needs of remote workers and the self-employed. With the presence of company headquarters in the city (273 businesses), B2B franchises offering services like marketing, professional development training, and consultancy could also thrive in this environment.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Jersey City, New Jersey Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | PostalAnnex+ | Printing Packing & Shipping | $70,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 5 |  | AAMCO Transmissions & Total Car Care | Auto Franchises | $90,000 | |
| 6 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 7 |  | Ledgers | Financial Franchises | $50,000 | |
| 8 |  | FranServe - Become a Franchise Consultant! | Business Services Franchises | $50,000 | |
| 9 |  | FranDestiny | Business Services Franchises | $150,000 | |
| 10 |  | Fleet Services International | Auto Franchises | $100,000 |
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