Gainesville, Florida, is an attractive location for investors seeking to purchase a restaurant, with 8 listings available. Restaurants in Gainesville offer a unique investment opportunity, as they can cater to the diverse population of students, professionals, and families. Whether you're looking to invest in a casual eatery, a fine dining establishment, or a quick-service restaurant, Gainesville has a range of options to suit your needs. The city's amenities, infrastructure, and location make it an ideal place to invest in a restaurant. With the University of Florida and Santa Fe College, Gainesville has a large student population, ensuring a steady stream of customers. Additionally, the city's proximity to major transportation facilities, such as Interstate 75 and the Gainesville Regional Airport, makes it easily accessible to visitors and locals alike. The city's cultural attractions, including the Harn Museum of Art and the Hippodrome State Theatre, also contribute to its appeal as a dining destination.
Gainesville's restaurant scene is diverse and dynamic, with a range of cuisines and dining options available. The city's economy is heavily influenced by the University of Florida, which is the largest employer in the area. This creates a unique opportunity for restaurants to cater to the university's students, faculty, and staff. In addition to restaurants, Gainesville also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors may consider purchasing an apartment building near the university to cater to students, or a shopping center in a busy commercial district. Specialty properties, such as office buildings or warehouses, can also be attractive investments in Gainesville. Meanwhile, hotels in the city can capitalize on the tourism industry, which is driven by the university's events and attractions. Overall, Gainesville offers a range of investment opportunities for those looking to purchase a restaurant or other type of property.
What is the average cost per square foot for a restaurant in Gainesville?
Based on current listings, the average cost per square foot for a restaurant in Gainesville is $656 USD per square foot, with an average size of 26,367 square feet and a largest size of 123,995 square feet, offering a range of options for restaurateurs in this college town.
What factors determine the value of a restaurant for sale in Gainesville?
When evaluating the value of a restaurant for sale in Gainesville, several key factors come into play, including:
- Location, with proximity to the University of Florida and downtown Gainesville being highly desirable, as well as accessibility to major transportation facilities like Interstate 75 and the Gainesville Regional Airport;
- Size and layout, with the average restaurant size in Gainesville being 26,367 square feet, and larger spaces like 123,995 square feet commanding higher prices;
- Financial performance, including the average cap rate of 6.76%, as well as the overall profitability and growth potential of the business, which can impact the sale price and attract more buyers from the 8 available listings.
