Restaurants for sale in Hoover, Alabama, offer a unique opportunity for investors to tap into the city's diverse economy and growing population. As the largest suburban city in the state, Hoover has experienced significant growth since its incorporation in 1967, making it an attractive location for businesses and residents alike. Restaurants, in particular, can benefit from the city's strong retail sector, which is supported by major shopping centers like the Riverchase Galleria, Patton Creek, and Village at Lee Branch. Additionally, the city's office parks, such as the Riverchase Office Park, are home to many large corporations, providing a steady stream of potential customers. With its convenient location, excellent infrastructure, and highly educated population, Hoover is an ideal place to invest in a restaurant. The city's amenities, including the Hoover Metropolitan Stadium, Aldridge Botanical Gardens, and Moss Rock Preserve, also make it an attractive destination for tourists and locals alike.
With 6 restaurants for sale in Hoover, investors have a range of options to choose from. The average price per square foot for these listings is $538 USD, with an average size of 8,894 square feet. The largest available listing is 19,959 square feet. In addition to restaurants, Hoover also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Hoover offer a unique opportunity to tap into the city's growing population, while shopping centers like the Riverchase Galleria provide a hub for retail activity. Specialty properties, such as office parks and medical facilities, are also available, offering a range of investment options. Hotels, like those found in the Riverchase Galleria complex, cater to the city's tourist population, drawn to attractions like the Hoover Metropolitan Stadium and Aldridge Botanical Gardens. Overall, Hoover's diverse economy and range of investment opportunities make it an attractive location for investors.
What is the average cost per square foot for a restaurant in Hoover?
The average cost per square foot for a restaurant in Hoover is $538 USD per square foot, with an average size of 8,894 square feet and a largest size of 19,959 square feet among the 6 available listings.
What factors determine the value of a restaurant for sale in Hoover?
When evaluating the value of a restaurant for sale in Hoover, several key factors come into play, including:
- Location, with proximity to major attractions like the Riverchase Galleria and Interstate I-65, as well as accessibility to a large customer base, influencing foot traffic and revenue potential;
- Financial performance, such as average sales per square foot, profit margins, and cash flow, which can impact the restaurant's overall value and appeal to potential buyers;
- Physical characteristics, including the average price per square foot of $538 USD, average size of 8,894 square feet, and largest size of 19,959 square feet, as well as the condition and amenities of the property, which can affect operational efficiency and customer experience.
