With 2 restaurants for sale in Allen, Texas, this city offers a promising investment opportunity for entrepreneurs and business owners. Restaurants in Allen represent a diverse range of investments, from casual eateries to fine dining establishments, each catering to the unique tastes and preferences of the local community. Whether you're looking to invest in a family-friendly diner or a trendy gastropub, Allen's restaurants offer a chance to tap into the city's growing food scene. The city's amenities, infrastructure, and location make it an attractive place to invest in a restaurant. With institutions like Allen High School and Collin College, the city's educated population is a significant draw for restaurants. Additionally, Allen's proximity to major roadways like U.S. Highway 75 and Texas State Highway 121 makes it easily accessible to customers from surrounding areas. The city's attractions, such as the Watters Creek Convention Center and the Credit Union of Texas Event Center, also bring in visitors who are looking for a great dining experience. Overall, Allen is a great place to invest in a restaurant, with its unique blend of small-town charm and big-city amenities.
Allen's restaurants are just one aspect of the city's thriving business scene. With a population of around 110,000 people, Allen offers a diverse range of investment opportunities. In addition to restaurants, investors can explore opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's shopping centers, such as Allen Premium Outlets and Watters Creek, offer a chance to invest in retail spaces that cater to the city's growing population. Meanwhile, specialty properties like the Watters Creek Convention Center and the Credit Union of Texas Event Center provide a unique opportunity to invest in event spaces that attract visitors from across the region. With its strong economy and growing population, Allen is an attractive place to invest in a variety of property types. Whether you're looking to invest in a restaurant, apartment building, or shopping center, Allen offers a promising opportunity to grow your business and achieve your investment goals.
What is the average cost per square foot for a restaurant in Allen?
The average cost per square foot for a restaurant in Allen is $1,127 USD per square feet, with available listings totaling 2 and average sizes ranging from 2,876 square feet to 4,065 square feet.
What factors determine the value of a restaurant for sale in Allen?
When evaluating the value of a restaurant for sale in Allen, several key factors come into play, including:
- Location, with proximity to major roadways like U.S. Highway 75 and Texas State Highway 121, as well as access to amenities like the Watters Creek Convention Center and Allen Premium Outlets, being highly desirable;
- The restaurant's size, with an average size of 2,876 square feet, and a maximum size of 4,065 square feet, impacting its capacity and potential revenue;
- Financial performance, including the average price per square foot of $1,127 USD and an average cap rate of 5%, which can influence the restaurant's overall value and attractiveness to potential buyers.
