With 4 restaurants for sale in Boca Raton, investors are presented with a unique opportunity to tap into the city's strong economy and growing population of around 90,000 residents. Restaurants in Boca Raton offer a diverse range of investment opportunities, from casual eateries to fine dining establishments, catering to the city's affluent and educated population. The city's strict development codes and low crime rate make it an attractive location for businesses, while its proximity to Florida Atlantic University and the Evert Tennis Academy ensures a steady stream of customers. Additionally, Boca Raton's innovative wastewater recycling systems and well-maintained infrastructure, including the Tri-Rail commuter rail system and major highways, make it an ideal location for restaurants that require efficient logistics and transportation.
Boca Raton's restaurants are situated in a city that boasts a rich cultural scene, with attractions like the Boca Raton Museum of Art, Mizner Park Cultural Center, and the amphitheater for concerts and performances. The city's tropical rainforest climate and two miles of beaches, including Red Reef Park and South Inlet Park, make it an attractive location for tourists and locals alike. In addition to restaurants, Boca Raton also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors may consider apartment buildings near Florida Atlantic University, shopping centers along Glades Road, or specialty properties in the downtown area. With its strong economy and diverse range of investment opportunities, Boca Raton is an attractive location for investors looking to expand their portfolio.
What is the average cost per square foot for a restaurant in Boca Raton?
As of now, there are 4 available listings of restaurants for sale in Boca Raton, with an average price per square foot of $699 USD and an average size of 36,665 square feet, making it an attractive option for entrepreneurs and investors looking to tap into the city's affluent and educated social community.
What factors determine the value of a restaurant for sale in Boca Raton?
When evaluating the value of a restaurant for sale in Boca Raton, several key factors come into play, including:
- Location, with proximity to popular attractions like the beach, Mizner Park, and Florida Atlantic University, as well as accessibility via major roads like Interstate 95 and U.S. Highway 1, impacting foot traffic and customer base;
- The restaurant's size, with an average size of 36,665 square feet, and a maximum size of 131,945 square feet, influencing seating capacity, kitchen space, and overall operational efficiency;
- Financial performance, including the average price per square foot of $699 USD and an average cap rate of 6.5%, which can indicate the restaurant's profitability and potential for growth.
