Kansas City, Kansas, offers a unique opportunity for investors to capitalize on the city's rich cultural heritage and historical significance. With 12 restaurants for sale, Kansas City presents an attractive option for those looking to invest in the food industry. Restaurants in Kansas City can represent a diverse range of investments, from casual eateries to fine dining establishments, and from family-owned businesses to large chain restaurants. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, the University of Kansas Medical Center and Kansas City Kansas Community College provide a steady stream of customers, while the city's consolidated government system and notable media outlets ensure a strong presence of local businesses. Additionally, Kansas City's location at the confluence of the Missouri River and the Kansas River makes it an attractive destination for tourists, with attractions like Memorial Hall, the Rosedale Arch, and Wyandotte High School drawing visitors from across the region.
Kansas City's restaurants are part of a larger commercial landscape that includes apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of options for residents, from luxury high-rises to affordable housing complexes. Shopping centers like the Village West business and entertainment district provide a hub for retail activity, while specialty properties like the General Motors Fairfax Assembly Plant and the Federal Bureau of Prisons North Central Region Office contribute to the city's economic diversity. Hotels, such as those near the Kansas Speedway, cater to visitors and business travelers alike. With its unique blend of history, culture, and commerce, Kansas City is an attractive destination for investors and entrepreneurs alike, offering a range of opportunities for those looking to invest in the city's restaurants and other commercial properties.
What is the average cost per square foot for a restaurant in Kansas City?
The average cost per square foot for a restaurant in Kansas City is $214 USD per square foot, with an average size of 9,777 square feet and a largest size available of 37,540 square feet, among the 12 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Kansas City?
When evaluating the value of a restaurant for sale in Kansas City, several key factors come into play, including:
- Location, with proximity to major highways like Interstate 35 and Interstate 70, as well as popular attractions like the Kansas Speedway, influencing foot traffic and accessibility;
- The restaurant's size, with an average size of 9,777 square feet, and a maximum size of 37,540 square feet, affecting operational efficiency and capacity;
- Financial performance, including the average price per square foot of $214 USD and an average cap rate of 7.25%, which impact the restaurant's profitability and return on investment.
