Edmond, Oklahoma, offers a unique opportunity for investors to tap into the city's growing economy by investing in restaurants for sale. With a population of approximately 90,000 residents, Edmond provides a stable customer base for restaurants, and its strong focus on promoting public art and cultural diversity creates an attractive environment for businesses. Restaurants in Edmond can represent a variety of investments, from casual eateries to fine dining establishments, catering to the diverse tastes of the local community. The city's amenities, such as the Oak Tree National golf course, Arcadia Lake, and Twin Bridges Lake, make it an attractive destination for both locals and visitors, increasing the potential for restaurants to thrive. Additionally, Edmond's location just north of Oklahoma City, a major city in the state, provides access to a larger customer base and a strong transportation infrastructure, including Interstate 35 and the Citylink Edmond bus service.
Edmond's restaurant scene is complemented by its diverse economy, which includes major employers such as Crest Foods and the University of Central Oklahoma. The city's economy is also supported by various industries, including wholesale trade, light manufacturing, information, and professional, scientific, and technical services. In addition to restaurants, Edmond offers a range of other property types for sale, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Edmond provide a stable source of income, while shopping centers offer a diverse range of retail opportunities. Specialty properties, such as office buildings and warehouses, cater to the city's growing industries, and hotels provide accommodations for visitors and business travelers. With 2 restaurants for sale in Edmond, investors have a wide range of options to choose from, and the city's strong economy and amenities make it an attractive location for business and travel.
What is the average cost per square foot for a restaurant in Edmond?
The average cost per square foot for a restaurant in Edmond is $721 USD per square foot, with an average size of 6,318 square feet and a largest size of 7,700 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in Edmond?
The value of a restaurant for sale in Edmond is determined by a combination of factors, including:
- Location, with proximity to major transportation facilities like Interstate 35 and the Citylink Edmond bus service, as well as accessibility to local amenities like Arcadia Lake and the Oak Tree National golf course, impacting foot traffic and customer base;
- Size and layout, with an average size of 6,318 square feet and a maximum size of 7,700 square feet, influencing seating capacity, kitchen space, and overall operational efficiency;
- Financial performance, including the average price per square foot of $721 USD and an average cap rate of 6.56%, which affect the restaurant's profitability and return on investment.
