Hollywood, Florida, is an attractive location for investors seeking to purchase a restaurant for sale. With a population of approximately 150,000, Hollywood offers a diverse customer base and a strong economy driven by industries such as aerospace, electronics manufacturing, and tourism. Restaurants in Hollywood can represent a variety of investments, from casual eateries to fine dining establishments, and can cater to both locals and tourists. The city's infrastructure, including Fort Lauderdale-Hollywood International Airport, Broward County Transit bus routes, and Tri-Rail stations, makes it easily accessible to visitors and residents alike. Additionally, Hollywood's amenities, such as Hollywood Memorial Hospital, Topeekeegee Yugnee Park, and the Art and Culture Center of Hollywood, contribute to its appeal as a desirable location for businesses and residents. With its tropical rainforest climate and scenic beaches, Hollywood is an attractive destination for tourists, making it an ideal location for restaurants. The city's strong economy, infrastructure, and amenities make it an excellent choice for investors seeking to purchase a restaurant for sale.
Hollywood is home to 14 restaurants for sale, offering a range of opportunities for investors. The city's diverse neighborhoods, such as Hollywood Beach, Downtown Hollywood, and the Lakes District, each offer unique characteristics and attractions that can support a variety of restaurant concepts. In addition to restaurants, Hollywood is also home to a range of other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Hollywood offer investors the opportunity to capitalize on the city's strong rental market, while shopping centers provide a chance to invest in retail spaces that cater to the city's diverse population. Specialty properties, such as office buildings and warehouses, can also be found in Hollywood, offering investors the opportunity to diversify their portfolios. Hotels in Hollywood, such as those near the beach or downtown area, offer investors the chance to capitalize on the city's tourism industry. With its strong economy, diverse neighborhoods, and range of commercial properties, Hollywood is an attractive location for investors seeking to purchase a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Hollywood?
The average cost per square foot for a restaurant in Hollywood is $802 USD per square foot, with an average size of 4,954 square feet and a largest size of 8,852 square feet, among the 14 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Hollywood?
When evaluating the value of a restaurant for sale in Hollywood, several key factors come into play, including:
- Location, with proximity to popular attractions like Hollywood Beach and Downtown Hollywood, as well as accessibility to major transportation hubs like Fort Lauderdale-Hollywood International Airport, significantly impacting value;
- The restaurant's size, with an average size of 4,954 square feet, and a maximum size of 8,852 square feet, influencing the overall value;
- Financial performance, including the average price per square foot of $802 USD and an average cap rate of 5.55%, which can affect the restaurant's profitability and desirability to potential buyers.
