High Point, North Carolina, is a prime location for investing in restaurants, with its unique blend of furniture, textiles, and bus manufacturing industries. The city's semi-annual High Point Furniture Market attracts exhibitors and buyers from around the world, making it an ideal spot for restaurants to cater to the influx of visitors. Additionally, High Point University, a private Methodist-affiliated institution, brings in a steady stream of students and faculty who appreciate a diverse range of dining options. The city's infrastructure, including the Amtrak station, Interstate 85, and the Piedmont Authority for Regional Transportation (PART), makes it easily accessible for customers. With its diverse population and amentities like Millis Regional Health Education Center, High Point City Lake Park, and Truist Point baseball park, High Point is an attractive location for restaurant owners. The city's geography, situated within two major watersheds, and its humid subtropical climate also make it an appealing spot for businesses. Overall, High Point is a great place to invest in a restaurant, with its unique blend of industry, education, and entertainment.
With 4 restaurants for sale in High Point, there are plenty of opportunities to find the perfect fit for your investment goals. Whether you're looking for a small, cozy spot or a large, bustling eatery, High Point has a range of options to choose from. In addition to restaurants, High Point also offers a variety of other property types, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's downtown district features a mix of apartment buildings and shopping centers, while the University district is home to a range of specialty properties, including student housing and educational facilities. Hotels are also plentiful in High Point, with many options available near the Amtrak station and Interstate 85. Overall, High Point offers a diverse range of investment opportunities, making it an attractive location for businesses of all types.
What is the average cost per square foot for a restaurant in High Point?
The average cost per square foot for a restaurant in High Point is $274 USD per square feet, with an average size of 4,342 square feet and a largest size of 6,000 square feet, making it an attractive option for entrepreneurs looking to invest in the city's growing food scene.
What factors determine the value of a restaurant for sale in High Point?
When evaluating the value of a restaurant for sale in High Point, several key factors come into play, including:
- Location, with proximity to major highways like Interstate 85 and US 29, as well as accessibility to the city's main attractions like the High Point Furniture Market and Truist Point baseball park, being highly desirable;
- The restaurant's size, with an average size of 4,342 square feet, and a maximum size of 6,000 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $274 USD and average cap rate of 5.75%, which can influence its overall value and attractiveness to potential buyers.
