Lake Forest, California, offers a unique opportunity for investors to own a piece of the city's culinary scene with its selection of restaurants for sale. With a population of approximately 90,000 residents, Lake Forest provides a stable customer base for restaurants, and its proximity to major highways and transportation hubs makes it an attractive location for businesses. Restaurants in Lake Forest can range from casual eateries to fine dining establishments, catering to a diverse range of tastes and preferences. The city's amenities, such as the Lake Forest Sports Park and Recreation Center, Whiting Ranch Wilderness Park, and Heritage Hill Historical Park, make it an ideal location for families and individuals who value outdoor activities and community events. Additionally, Lake Forest is home to several major corporations, including Oakley and Panasonic Avionics Corporation, which can provide a steady stream of customers for restaurants. The city's educational institutions, such as Chapman University and Saddleback College, also contribute to the demand for dining options. Overall, Lake Forest's combination of natural beauty, outdoor recreation opportunities, and economic stability make it an attractive location for restaurant investors.
Lake Forest's restaurants for sale offer a range of investment opportunities, from small, family-owned eateries to larger, more established establishments. With 1 restaurants currently available for sale, investors can choose from a variety of options to suit their needs and budget. The average price per square foot for restaurants in Lake Forest is $1,420 USD, and the average size of a restaurant is approximately 7,040 square feet. The largest restaurant available for sale is 7,040 square feet. In addition to restaurants, Lake Forest also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can find apartment buildings with amenities like pools and fitness centers, shopping centers with a mix of local and national retailers, and specialty properties like office buildings and medical facilities. Hotels in Lake Forest offer a range of amenities, including meeting spaces and restaurants. Overall, Lake Forest's diverse range of investment opportunities makes it an attractive location for investors looking to expand their portfolio.
What is the average cost per square foot for a restaurant in Lake Forest?
The average cost per square foot for a restaurant in Lake Forest is $1,420 USD per square feet, with an average size of 7,040 square feet and a largest size of 7,040 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Lake Forest?
The value of a restaurant for sale in Lake Forest is determined by a combination of factors, including:
- Location, with proximity to major roads like Interstate 5 and California State Route 241, and accessibility to residential areas and commercial centers, influencing foot traffic and customer base;
- Size and layout, with the average restaurant size in Lake Forest being 7,040 square feet, and larger spaces like 7,040 square feet commanding higher prices;
- Financial performance, including the average cap rate of 2.88% and the overall profitability of the business, which can impact the sale price and attract potential buyers from the area's strong retail, healthcare, technology, and manufacturing sectors.
