Franklin, Tennessee, a city located about 21 miles south of Nashville, offers a unique opportunity for investors to tap into the growing demand for restaurants. With a rich history dating back to 1799, Franklin has evolved into a hub for residential and service industries, making it an attractive location for restaurants. Restaurants in Franklin can represent a diverse range of investments, from casual eateries to fine dining establishments, catering to the city's growing population of around 70,000 residents. Franklin's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. The city is home to several higher education institutions, including Belmont University's Williamson Center campus and Columbia State Community College's Franklin campus, ensuring a steady stream of potential customers. Additionally, Franklin's historic downtown area and scenic parks, such as the Park at Harlinsdale Farm, attract tourists and locals alike, creating a thriving atmosphere for restaurants. The city's proximity to Nashville and its major transportation routes, including Interstate 65, also make it an attractive location for restaurants looking to cater to commuters and travelers.
Franklin's restaurant scene is characterized by its unique blend of Southern charm and modern amenities. With 3 restaurants for sale, investors have a range of options to choose from. In addition to restaurants, Franklin also offers a range of other property types, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Franklin offer investors the opportunity to tap into the city's growing residential market, while shopping centers provide a chance to capitalize on the city's strong retail sector. Specialty properties, such as office buildings and warehouses, can cater to the city's diverse range of industries, including healthcare, automotive, and technology. Hotels in Franklin, meanwhile, can take advantage of the city's tourist attractions, including the Eastern Flank Battlefield Park and the Park at Harlinsdale Farm. Overall, Franklin's diverse range of property types and its strong economy make it an attractive location for investors looking to diversify their portfolio.
What is the average cost per square foot for a restaurant in Franklin?
The average cost per square foot for a restaurant in Franklin is $1,149 USD per square feet, with an average size of 2,911 square feet and a largest size of 4,608 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this historic city.
What factors determine the value of a restaurant for sale in Franklin?
The value of a restaurant for sale in Franklin is determined by a combination of factors, including its location, size, and profitability, as well as the overall demand for restaurants in the area.
- The location of the restaurant, including its proximity to major highways, such as Interstate 65, and its visibility and accessibility to potential customers, can significantly impact its value.
- The size of the restaurant, measured in square feet, can also affect its value, with larger restaurants typically being more valuable than smaller ones, and the average size of restaurants for sale in Franklin being 2,911 square feet.
- The profitability of the restaurant, including its average annual sales and profit margins, as well as its cap rate, which is currently averaging 5.15%, can also play a significant role in determining its value.
