Colorado Springs, a city nestled at the base of Pikes Peak in the Southern Rocky Mountains, offers a unique opportunity for investors to tap into the local restaurant scene. With a rich history dating back to the 1800s, Colorado Springs has seen significant growth and development over the years, making it an attractive location for restaurants. Restaurants in Colorado Springs can represent a diverse range of investments, from casual eateries to fine dining establishments, and from family-owned businesses to national chains. The city's geography, with its mix of semi-arid Steppe climate, mountainous regions, high plains, and high desert lands, provides a unique setting for restaurants to thrive. Additionally, the city's infrastructure, including the Colorado Springs Airport, Mountain Metropolitan Transit, and roads funded by ballot measure 2C, makes it an ideal location for businesses to operate. The presence of institutions like the United States Air Force Academy, Colorado College, and the U.S. Olympic & Paralympic Training Center also contributes to the city's appeal, attracting visitors and locals alike. With 15 restaurants for sale in Colorado Springs, investors can find opportunities that fit their needs and goals.
Colorado Springs' restaurant scene is characterized by its diversity, with establishments like the Broadmoor Skating Club and the Garden of the Gods park offering unique dining experiences. The city's economy, driven by the military, high-tech industry, and tourism, provides a strong foundation for restaurants to succeed. In addition to restaurants, Colorado Springs also offers a range of other investment opportunities, including Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. For example, the city's apartment buildings offer a chance to invest in residential properties, while shopping centers provide opportunities for retail investments. Specialty properties, such as the ANA Money Museum, offer unique investment opportunities, and hotels, like the Broadmoor, cater to the city's tourism industry. With its rich history, diverse economy, and unique attractions, Colorado Springs is an attractive location for investors looking to tap into the local restaurant scene.
What is the average cost per square foot for a restaurant in Colorado Springs?
The average cost per square foot for a restaurant in Colorado Springs is $623 USD per square foot, with an average size of 7,055 square feet and a largest size of 21,913 square feet, among the 15 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Colorado Springs?
The value of a restaurant for sale in Colorado Springs is determined by a combination of factors, including:
- Location, with proximity to popular attractions like Garden of the Gods park, the United States Air Force Academy, and Old Colorado City, as well as accessibility to major transportation hubs like the Colorado Springs Airport and Interstate 25, playing a significant role in determining value.
- The restaurant's physical characteristics, such as its average size of 7,055 square feet, and condition, including the quality of its equipment, fixtures, and overall ambiance.
- Financial performance, including the restaurant's average cap rate of 6.04%, and sales data, which can impact the overall value of the business, with a current average price per square foot of $623 USD.
