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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: Trenton, NJ 2024 | ||
| Data | Trenton, NJ | Nationwide |
|---|---|---|
| Population | 92.52 thousand | 333.2 million |
| Proj. 5 Year Population Growth | -1.0985% | 0.5% |
| Median Household Income | $80,408 | $74,580 |
| Median Age | 32.62 | 38.9 |
| Residents per Business | 1 to 36 | 10 to 1 |
| Annual Household Expenditures | $2.66 billion | $23.9 trillion |
| City Data retrieved from https://sitesusa.com/Data | ||
Franchising Landscape
The estimated average household income in Trenton for 2023 was $91,086, with a projected increase to $109,182 by 2028. This upward trend suggests that residents may have more discretionary income to spend on health and wellness, making it a promising sector for new franchises. Additionally, the per capita income is estimated to be $31,414, with a 3.7% projected annual change, reinforcing the potential for health and fitness franchises, such as gyms, boutique fitness studios, or wellness centers, to cater to a population with a growing spending power.
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With an owner-occupied housing rate of 50.8% and a median home value of $121,109, there is an established market for home services in Trenton. Moreover, the data shows a significant number of homes built before 1939 (39.1%), pointing to a possible need for restoration and specialty maintenance services, which a home services franchise could fulfill.
The business data for Trenton indicates a substantial professional workforce with 10.3% involved in management, business, and financial operations, and 17.8% in professional, related occupations. With a total of 2,537 businesses and an employee population per business ratio of 17.9 to 1, there could be a significant demand for services that support business operations.
Explore the franchise listings below and take the first step towards a rewarding business venture.
Trenton, New Jersey Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | GarageExperts | Home Services & Repair Franchises | $60,000 | |
| 2 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 3 |  | Batteries Plus | Retail Franchises | $100,000 | |
| 4 |  | American Business Systems, LLC | Financial Franchises | $30,000 | |
| 5 |  | Automated Investments | Business Opportunities | $100,000 | |
| 6 |  | Healthy YOU Vending | Vending Franchises | $25,000 | |
| 7 |  | Health Atlast | Health & Fitness Franchises | $300,000 | |
| 8 |  | BrightStar Care | Senior Care Franchises | $100,000 | |
| 9 |  | Jeff's Bagel Run | Food | $500,000 | |
| 10 |  | SiteSwan Website Builder | Business Opportunities | $199 |
Is Trenton Be the Right Place to Launch Your Franchise?
- What's the business landscape like in Trenton?
- Is there a reliable workforce for my franchise?
- Are operational costs affordable in Trenton?
- How financially stable is the community?
- What makes Trenton a great fit for franchise owners?
Question:What's the business landscape like in Trenton?
Answer:Trenton is home to 31,471 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 45,497 employed individuals, providing a steady and loyal workforce for franchise owners.
Question:Are operational costs affordable in Trenton?
Answer:Absolutely. With a median rent of $1,123, franchise owners in Trenton 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 Trenton is $80,408, supporting a stable and engaged customer base.
Question:What makes Trenton a great fit for franchise owners?
Answer:With 34,322 housing units and a strong sense of community, Trenton 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.