Hartford, Connecticut, a city rich in history and culture, offers a unique opportunity for investors to tap into its diverse economy. With 2 restaurants for sale, Hartford presents an attractive option for those looking to invest in the food industry. Restaurants in Hartford can represent a range of investments, from casual eateries to fine dining establishments, catering to the city's diverse population of around 120,000 residents. Hartford's strong infrastructure, including the Connecticut Convention Center, the Marriott Hartford Hotel-Downtown, and the Connecticut Science Center, makes it an ideal location for restaurants to thrive. The city's educational institutions, such as Trinity College and the University of Connecticut's Hartford campus, also contribute to a steady stream of customers. Additionally, Hartford's geography, situated along the Connecticut River, provides a unique setting for restaurants to take advantage of the city's natural beauty. With attractions like the Mark Twain House and Museum and the Wadsworth Atheneum Museum of Art, Hartford is a great place for business and travel.
Hartford's restaurants are an integral part of the city's fabric, offering a range of cuisines to suit every taste. With its strong insurance industry, Hartford is home to companies like Aetna and The Hartford, providing a steady stream of professionals looking for a quick bite or a night out. In addition to restaurants, Hartford also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Hartford can provide a steady stream of income, while shopping centers offer a chance to invest in retail spaces. Specialty properties, such as the historic G. Fox Department Store Building, now home to Capital Community College, offer a unique opportunity to invest in a piece of Hartford's history. Hotels, like the Marriott Hartford Hotel-Downtown, cater to the city's many visitors, providing a comfortable place to stay while exploring all that Hartford has to offer. With its diverse economy and rich history, Hartford is an attractive option for investors looking to tap into its many opportunities.
What is the average cost per square foot for a restaurant in Hartford?
The average cost per square foot for a restaurant in Hartford is $361 USD per square feet, with an average size of 2,550 square feet and a largest size of 2,700 square feet, making it an attractive option for entrepreneurs looking to establish a presence in the city's growing food scene.
What factors determine the value of a restaurant for sale in Hartford?
The value of a restaurant for sale in Hartford is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like Hartford Union Station and Bradley International Airport, as well as access to main roads like I-84 and I-91, being highly desirable;
- The restaurant's size, with an average size of 2,550 square feet, and a maximum size of 2,700 square feet, influencing its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $361 USD and average cap rate of , which can impact its overall value and attractiveness to potential buyers.
