Evansville, Indiana, is a prime location for investing in restaurants, with its strong economy and growing population of over 118,000 residents. Restaurants in Evansville offer a unique opportunity for entrepreneurs to capitalize on the city's rich history, cultural attractions, and educational institutions. As a hub for trade, transportation, utilities, education, health services, and manufacturing, Evansville provides a diverse customer base for restaurants. The city's amenities, such as Bally's Evansville casino, Mesker Park Zoo, and a strong sports tourism industry, make it an attractive destination for visitors and locals alike. With its well-developed transportation infrastructure, including the Evansville Regional Airport, I-64, I-69, and U.S. Highway 41, Evansville is an ideal location for restaurants to thrive. The University of Evansville and the University of Southern Indiana also contribute to the city's appeal, making it a great place to invest in a restaurant.
With 5 restaurants for sale in Evansville, there are plenty of opportunities to find the perfect fit for your investment goals. From casual eateries to fine dining establishments, Evansville's restaurant scene offers a diverse range of options. In addition to restaurants, Evansville also offers a variety of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of options for renters, from luxury apartments to affordable housing. Shopping centers in Evansville provide a convenient location for retailers, with easy access to major highways and a large customer base. Specialty properties, such as office buildings and warehouses, are also available in Evansville, offering a range of options for businesses. Hotels in Evansville cater to the city's growing tourism industry, providing a comfortable and convenient place for visitors to stay. Overall, Evansville offers a unique combination of economic growth, cultural attractions, and investment opportunities, making it an ideal location for entrepreneurs and investors alike.
What is the average cost per square foot for a restaurant in Evansville?
The average cost per square foot for a restaurant in Evansville is $213 USD per square feet, with an average size of 6,518 square feet and a largest size of 10,294 square feet, providing a range of options for restaurateurs looking to establish or expand their business in this city.
What factors determine the value of a restaurant for sale in Evansville?
The value of a restaurant for sale in Evansville is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the Evansville Regional Airport, I-64, I-69, and U.S. Highway 41, as well as access to amenities like Bally's Evansville casino and Mesker Park Zoo, impacting foot traffic and customer accessibility.
- Size and layout, with average restaurant sizes in Evansville ranging from 6,518 square feet to 10,294 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs.
- Financial performance, including average cap rates of 7.25% and average price per square foot of $213 USD, which influence the restaurant's profitability and potential for growth.
