Abilene, Texas, is a prime location for investing in restaurants, with 8 available listings offering a range of opportunities. Restaurants in Abilene can represent a variety of investments, from casual eateries to fine dining establishments, and even food trucks or cafes. With a strong presence of three Christian universities, Abilene Christian University, McMurry University, and Hardin Simmons University, the city attracts a diverse population of students, faculty, and staff who frequent local restaurants. Additionally, Abilene's well-established north and south division, separated by the former Texas and Pacific Railway, provides a unique opportunity for restaurants to cater to different demographics. The city's infrastructure, including the Abilene Regional Airport, three reservoirs, and Clear Creek, makes it an attractive location for businesses. With attractions like the Paramount Theatre, the Enterprise Tower, and the Taylor County Courthouse, Abilene is a great place for business and travel.
Abilene's restaurant scene is diverse, with a range of options available. The city's location on Interstate 20, with connections to Fort Worth and Midland, makes it an ideal spot for restaurants catering to travelers. With a strong presence of educational institutions, medical facilities, and retail developments, Abilene's restaurants can thrive by serving the local community. In addition to restaurants, Abilene also offers 8 listings for Apartment Buildings, providing opportunities for investors to diversify their portfolio. The city is also home to Shopping Centers, Specialty Properties, and Hotels, each offering unique investment opportunities. With its rich cultural scene, including the Abilene Philharmonic Orchestra and the Center for Contemporary Arts, Abilene is an attractive location for businesses and investors alike. Overall, Abilene's diverse economy, infrastructure, and attractions make it an excellent location for investing in restaurants and other property types.
What is the average cost per square foot for a restaurant in Abilene?
The average cost per square foot for a restaurant in Abilene is $351 USD per square feet, with 8 available listings ranging in size from 6,969 square feet to 14,706 square feet, offering a diverse range of options for restaurateurs looking to establish or expand their business in this West Texas city.
What factors determine the value of a restaurant for sale in Abilene?
When evaluating the value of a restaurant for sale in Abilene, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Interstate 20 and US highways 83, 84, and 277, as well as access to local amenities like parks and cultural attractions, playing a significant role in determining value.
- The size and condition of the property, with average sizes ranging from 6,969 square feet to 14,706 square feet, and the overall condition of the building and equipment impacting the sale price.
- Financial performance, including the average cap rate of 6.56%, as well as the restaurant's revenue, profit margins, and cash flow, all of which influence the value of the business.
