Daytona Beach, Florida, is a prime location for investing in restaurants, with its strong tourist industry and growing population of around 70,000 residents. Restaurants in Daytona Beach offer a unique opportunity for investors to capitalize on the city's reputation as a motorsports hub and popular tourist destination. With a variety of cuisines and dining experiences available, restaurants in Daytona Beach cater to a diverse range of customers, from locals to visitors attending events like the Daytona 500 and Bike Week. The city's infrastructure, including major roads like I-95 and US 1, makes it easily accessible for suppliers and customers alike. Additionally, the presence of educational institutions like Bethune–Cookman University and Embry–Riddle Aeronautical University provides a steady stream of customers. With its beautiful beaches, waterfront parks, and golf courses, Daytona Beach is an attractive location for both businesses and tourists, making it an ideal place to invest in a restaurant.
Currently, there are 11 restaurants for sale in Daytona Beach, offering a range of investment opportunities. With an average price per square foot of $849 USD and an average size of 5,725 square feet, these restaurants provide a solid foundation for investors. The largest restaurant available is 16,857 square feet, offering ample space for a variety of dining concepts. In addition to restaurants, Daytona Beach also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Daytona Beach offer a steady stream of rental income, while shopping centers provide a hub for local businesses and services. Specialty properties, such as waterfront restaurants or event spaces, offer unique opportunities for investors looking to capitalize on the city's tourism industry. Hotels in Daytona Beach, meanwhile, cater to the city's large number of visitors, providing a lucrative investment opportunity. With its diverse range of investment opportunities, Daytona Beach is an attractive location for investors looking to capitalize on the city's growing economy.
What is the average cost per square foot for a restaurant in Daytona Beach?
The average cost per square foot for a restaurant in Daytona Beach is $849 USD per square foot, with an average size of 5,725 square feet and a largest size of 16,857 square feet, among the 11 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Daytona Beach?
The value of a restaurant for sale in Daytona Beach is determined by a combination of factors, including:
- Location, with proximity to popular tourist attractions, such as the Daytona International Speedway, and high-traffic areas, like Beach Street, contributing to a higher value;
- The size and condition of the property, with average sizes ranging from 5,725 square feet to 16,857 square feet, and well-maintained facilities commanding a higher price;
- Financial performance, including the average cap rate of 6.74%, and the overall profitability of the business, which can impact the sale price and attract more buyers from the 11 available listings.
