Restaurants for sale in Goodyear, Arizona, offer a unique investment opportunity in a city that is experiencing significant growth and development. With a projected population of 358,000 by 2035, Goodyear is an attractive location for entrepreneurs and investors looking to capitalize on the city's expanding economy. Restaurants, in particular, can benefit from the city's strong infrastructure, which includes Phoenix Goodyear Airport, Union Pacific railroad, and Interstate 10, making it an ideal location for businesses that rely on transportation and logistics. Additionally, Goodyear's master-planned communities, such as Estrella and Palm Valley, offer a diverse range of housing options, attracting families, singles, and seniors, creating a potential customer base for restaurants. The city's hot desert climate and 300-plus sunny days per year also make it an attractive location for outdoor dining and entertainment options. Furthermore, Goodyear's strong economic sectors, including manufacturing, agriculture, and aviation, contribute to a diverse economy that can support a wide range of restaurant concepts.
With 2 restaurants for sale in Goodyear, investors have a range of options to choose from. From casual eateries to fine dining establishments, Goodyear's restaurant scene is diverse and growing. In addition to restaurants, Goodyear also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels, each with its own unique characteristics and advantages. For example, apartment buildings in Goodyear can benefit from the city's growing population and strong economy, while shopping centers can capitalize on the city's retail demand. Specialty properties, such as those near the Goodyear Ballpark, can attract visitors and locals alike, and hotels can cater to the city's growing tourism industry. Overall, Goodyear's diverse range of investment opportunities makes it an attractive location for entrepreneurs and investors looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Goodyear?
The average cost per square foot for a restaurant in Goodyear is $847 USD per square foot, with an average size of 3,894 square feet and a largest size of 4,471 square feet, among the 2 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Goodyear?
When evaluating the value of a restaurant for sale in Goodyear, several key factors come into play, including:
- Location, with proximity to major transportation facilities like Phoenix Goodyear Airport, Interstate 10, and Loop 303, as well as access to local amenities like the Goodyear Ballpark and Estrella Mountain Regional Park, influencing foot traffic and customer base;
- Size and layout, with the average restaurant for sale in Goodyear spanning 3,894 square feet, and the largest available listing reaching 4,471 square feet, affecting seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of 4.45%, which can impact the restaurant's profitability and desirability to potential buyers, as well as the asking price per square foot, currently averaging $847 USD.
