Buy or Sell a Business in Jersey City
Business in Jersey CityAre you looking to buy or sell a business in the Jersey City area? It is a wonderful city, and there is a wide range of attributes that can make business ownership there quite fruitful.

Key Selling Points

As a business buyer, here are some points that make Jersey City a great place to do business. For sellers, these are obviously areas that help establish your location and business as unique in the marketplace.
  • Proximity to New York
  • Ethnically Diverse Communities
  • Strong City Infrastructure
  • Urban Environment
  • Rapid Redevelopment
  • Favorable Government taxes and regulations

City Overview

Jersey City is in the process of an outstanding demographic and economic upturn. In the last 20 years, Jersey City gained a remarkable 18 million square feet of prime office space — more than all such space in many large city downtowns. Another 8,000 housing units are being built, and permits have been issued for 10,000 more..
 
Buy Business Jersey CityJersey City enjoys a rich mass transit system composing of the City’s light-rail system, subway, bus and ferry lines to Manhattan. Almost half of its of commuters use mass transit — second only to New York among the nation's 100 largest cities.
 
Jersey City is one of the most ethnically diverse cities in the state of New Jersey, if not the country. With a rich blend of communities, Jersey City can be a great place to be a business owner.
 
A range of choices exist- small business owners can find opportunities within some of the small, tightly knit ethnic communities (such as the “Little Bombay” section).
 
Beyond some of these communities, Jersey City has undergone a significant revival of sorts over the past decade. The water front district, or downtown, in particular has seen great deal of redevelopment and change. Many small business owners have found success in catering to these rapidly expanding areas.
 
Many business owners have benefited from the assortment of railroad shops, oil refineries, warehouses, and plants that manufacture a diverse assortment of products, including chemicals, petroleum, electronics, textiles, and cosmetics. Jersey City as a whole has benefited from its location near the island of Manhattan, as many of its companies are extensions of businesses headquartered there.
 

So what is next?

For Buyers:
  • Make sure you do your due diligence
  • Investigate the neighborhood
  • Understand the logistics of traffic…. It’s a city, so transportation matters!
 
For Sellers:
  • You will want to spend time thinking about what has made your business successful
  • What have been the drivers for growth and success?
  • When you go to market, make sure that you are able to highlight the life style aspects that your urban environment brings; this can be a deciding point above and beyond the financial considerations of selling.
 
If you are an entrepreneur or own a small to medium sized business, you will find a range of opportunities to do business in Jersey City.