Businesses for Sale | Summit, New Jersey
Discover business opportunities, in or around Summit, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Summit, located in The Garden State had a total population of 22,471 people.
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Healthy YOU Vending | Food & Restaurant | $25,000 | |
| 2 |  | Zoomin Groomin | Pet Franchises | $90,000 | |
| 3 |  | FranServe - Become a Franchise Consultant | Business Services | $50,000 | |
| 4 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 5 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 6 |  | The Back Nine Golf | Sports & Leisure | $60,000 | |
| 7 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 8 |  | Automated Investments | Business Opportunities | $100,000 | |
| 9 |  | Mr. Appliance | Home Services & Repair Franchises | $85,000 | |
| 10 |  | Poolwerx | Home Services & Repair Franchises | $80,000 |
City Statistics and Other Information About Summit
Demographics
From a total population of 22,471, Summit has a median age of 40. The average age of males, in Summit, is 40 while the average age of females is 41. When you compare the median age of men and women in Summit, there is an average difference of 0.91 years.
Income
The median income of individuals, in Summit, is $124,244 while the average household income is $207,063. In 2029, the average income per capita for Summit is expected to be $124,244.
Additional Information
07901 - 07902Union County
Is Summit the Best Location for Franchise Opportunities and Growth?
What is the average income in Summit?
The median household income in Summit is $207,063, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Summit an affordable place to start a franchise?
With a median income of $207,063, Summit presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Summit's income compare to other locations?
The median income of $207,063 in Summit is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Summit have a stable workforce to support my business?
Absolutely! With 6,390 employed individuals, Summit offers a solid labor force to support franchise growth.
Is Summit a growing economy?
With a workforce of 6,390 and a median household income of $207,063, Summit provides a stable economic environment for new business opportunities.
Does homeownership in Summit indicate a stable market?
Homeownership rates at 5,361 show a strong local investment in the community, which benefits long-term franchise success.
