Bloomington, Indiana, is an attractive location for investors looking to purchase a restaurant, with its strong economy and high demand for dining options. Restaurants in Bloomington offer a unique opportunity for entrepreneurs to capitalize on the city's growing population and diverse community. With a range of cuisines and dining styles, restaurants can cater to the varied tastes of the city's residents and visitors. Bloomington's amenities, such as the Indiana University Bloomington campus, Lake Lemon, and Griffy Lake, make it an ideal location for restaurants to attract customers. The city's infrastructure, including the Monroe County Airport and major highways, also provides easy access for suppliers and customers. Additionally, Bloomington's education system, with institutions like Indiana University and Ivy Tech Community College, ensures a steady stream of customers and a skilled workforce. With its rich history, cultural attractions, and natural beauty, Bloomington is a great place to invest in a restaurant.
Currently, there are 5 restaurants for sale in Bloomington, offering a range of options for investors. The average price per square foot for restaurants in Bloomington is $279 USD, with an average size of 6,402 square feet. The largest restaurant available is 10,000 square feet. In addition to restaurants, Bloomington also offers other investment opportunities, such as apartment buildings, with many complexes located near the Indiana University campus. Shopping centers, like the College Mall, provide a hub for retail and dining options. Specialty properties, such as the historic Downtown Square area, offer unique opportunities for investors. Hotels, like the B-Line Hotel, cater to the city's growing tourism industry. With its diverse economy and range of investment opportunities, Bloomington is an attractive location for entrepreneurs and investors.
What is the average cost per square foot for a restaurant in Bloomington?
For those interested in purchasing a restaurant in Bloomington, the average cost per square foot is $279 USD per square foot, with an average size of 6,402 square feet and a largest size of 10,000 square feet available among the 5 listings currently on the market.
What factors determine the value of a restaurant for sale in Bloomington?
When evaluating the value of a restaurant for sale in Bloomington, several key factors come into play, including:
- Location, with proximity to Indiana University and downtown Bloomington being highly desirable, as well as accessibility to major highways like I-69 and SR 37;
- Size and layout, with an average size of 6,402 square feet and a maximum size of 10,000 square feet, affecting the restaurant's capacity and operational efficiency;
- Financial performance, including the average price per square foot of $279 USD and an average cap rate of , which can impact the restaurant's profitability and attractiveness to potential buyers.
