Greensboro, North Carolina, is an attractive location for investors seeking to purchase a restaurant, with its rich history, cultural attractions, and strong infrastructure. Restaurants in Greensboro offer a unique investment opportunity, providing a chance to capitalize on the city's growing population of around 300,000 and its reputation as a hub for sports and entertainment. Whether you're interested in a casual eatery, a fine dining establishment, or a quick-service restaurant, Greensboro has a diverse range of options to suit various investment goals. The city's amenities, including the Greensboro Coliseum Complex, the Greensboro Science Center, and the Guilford Courthouse National Military Park, make it an attractive destination for visitors and locals alike. Additionally, Greensboro's location near major transportation hubs, such as the Piedmont Triad International Airport and Amtrak's Greensboro station, ensures easy access to the city and its many attractions.
With 6 restaurants for sale in Greensboro, investors have a wide range of options to choose from. The average price per square foot for restaurants in Greensboro is $280 USD, with an average size of 5,214 square feet. The largest restaurant available for sale is 8,675 square feet, offering ample space for a variety of concepts. In addition to restaurants, Greensboro also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Greensboro offer a stable source of income, while shopping centers provide a chance to capitalize on the city's growing retail market. Specialty properties, such as office buildings and warehouses, offer a unique investment opportunity, and hotels cater to the city's thriving tourism industry. With its diverse range of investment options and strong infrastructure, Greensboro is an attractive location for investors seeking to expand their portfolio.
What is the average cost per square foot for a restaurant in Greensboro?
For those looking to invest in the restaurant industry in Greensboro, the average cost per square foot for a restaurant is $280 USD per square feet, with an average size of 5,214 square feet and a largest size of 8,675 square feet, offering a range of options to suit different business needs and budgets.
What factors determine the value of a restaurant for sale in Greensboro?
When evaluating the value of a restaurant for sale in Greensboro, several factors come into play, including:
- Location, with proximity to major transportation hubs like Piedmont Triad International Airport and Amtrak's Greensboro station, as well as accessibility to main roads like Interstate 40, Interstate 73, and Interstate 85, being highly desirable;
- The restaurant's size, with an average size of 5,214 square feet, and a maximum size of 8,675 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $280 USD and average cap rate of 5.25%, which can indicate its profitability and potential for growth.
