ZIP 07940 — Business Opportunities

Top business opportunities in 07940

The highest-scored business categories to consider opening in Madison, NJ, based on demand (population, income, demographic fit) versus existing supply.

1. 1. Fitness Station 100/100
   ~1.2 businesses underserved · confidence: low
2. 2. Electronics Repair 99/100
   ~1.8 businesses underserved · confidence: high
3. 3. Veterinary 93/100
   ~1.7 businesses underserved · confidence: high
4. 4. Childcare 88/100
   ~1.8 businesses underserved · confidence: high
5. 5. Jewelry & Accessories 85/100
   ~1.1 businesses underserved · confidence: high
6. 6. Electronics 68/100
   ~0.9 businesses underserved · confidence: high
7. 7. Dancing School 64/100
   ~1.5 businesses underserved · confidence: high
8. 8. Music School 64/100
   ~1.5 businesses underserved · confidence: high
9. 9. Furniture & Home Decor 61/100
   ~0.8 businesses underserved · confidence: high
10. 10. Greengrocer 59/100
    ~1.5 businesses underserved · confidence: high

What's already here — existing business mix

The most common business categories currently operating in ZIP 07940.

• Restaurants — 29 businesses
• Pitch — 20 businesses
• Parking — 18 businesses
• Park — 17 businesses
• Schools — 15 businesses
• Religious — 10 businesses
• Fast Food — 9 businesses
• Banking & Finance — 8 businesses
• Hair Salons — 8 businesses
• Auto Repair — 7 businesses
• Clothing & Apparel — 7 businesses
• Gas Stations — 6 businesses
• Beauty & Nail Salons — 6 businesses
• Government Services — 5 businesses
• Alcohol — 5 businesses

Full demographic profile

Population	17,798
Households	5,541
Median household income	$163,643
Per capita income	$77,199
Median age	34.5
% bachelor's degree or higher	71.141%
% age 18–34	21.654%
% age 65+	8.731%
% renter-occupied	34.876%
Median home value	$845,500
Median gross rent	$2,168
Unemployment rate	6.812%

Nearby ZIPs in NJ

07922 Berkeley Heights · 07921 Bedminster · 07920 Basking Ridge · 07901 Summit · 07885 Wharton · 07882 Washington