Chico, California, is a prime location for investing in real estate, particularly when it comes to restaurants. With a population of around 90,000, Chico offers a unique blend of small-town charm and college-town energy, thanks to California State University, Chico. Restaurants in Chico for sale offer a diverse range of investment opportunities, from casual eateries to fine dining establishments, catering to the city's diverse demographics. Chico's strong economy, driven by the educational, health, and social services sectors, ensures a steady stream of customers for restaurants. The city's amenities, such as Bidwell Park, Enloe Medical Center, and the Silver Dollar Fairgrounds, also contribute to its appeal. Additionally, Chico's location at the northeast edge of the Sacramento Valley, surrounded by the Sierra Nevada mountains, makes it an attractive destination for tourists and locals alike.
With 4 restaurants for sale in Chico, investors have a wide range of options to choose from. The average price per square foot for restaurants in Chico is $577 USD, with an average size of 9,682 square feet. The largest restaurant available for sale in Chico spans 23,444 square feet. In addition to restaurants, Chico also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Chico offer a unique opportunity to capitalize on the city's growing student population. Shopping centers, like the Downtown Chico area, provide a hub for local businesses and services. Specialty properties, such as the historic Bidwell Mansion, offer a chance to invest in Chico's rich history. Hotels, like those near the Chico Regional Airport, cater to the city's growing tourism industry. Overall, Chico's diverse range of investment opportunities makes it an attractive location for real estate investors.
What is the average cost per square foot for a restaurant in Chico?
The average cost per square foot for a restaurant in Chico is $577 USD per square feet, with an average size of 9,682 square feet and a largest size of 23,444 square feet, offering a range of options for restaurateurs looking to establish a presence in this college town.
What factors determine the value of a restaurant for sale in Chico?
When evaluating the value of a restaurant for sale in Chico, several key factors come into play, including:
- Location, with proximity to California State University, Chico, and downtown Chico being highly desirable, as well as accessibility to major transportation hubs like the Chico Amtrak station and Chico Regional Airport.
- The restaurant's size, with an average size of 9,682 square feet and a maximum size of 23,444 square feet, which can impact seating capacity, kitchen space, and overall operational efficiency.
- Financial performance, including the average price per square foot of $577 USD and an average cap rate of 5.5%, which can indicate the restaurant's profitability and potential for growth.
