New Bedford, Massachusetts, offers a unique opportunity for investors to tap into the city's rich history and cultural heritage through its diverse range of restaurants for sale. With 6 restaurants available, investors can find the perfect property to suit their business needs. Restaurants in New Bedford represent a smart investment opportunity, as they cater to the city's strong tourism industry, which is driven by its whaling history, cultural attractions, and scenic waterfront. The city's restaurants also serve the local community, which is supported by major employers like Southcoast Hospitals Group, Titleist, and Riverside Manufacturing. New Bedford's amenities, such as the New Bedford Whaling National Historical Park, Buttonwood Park Zoo, and the Port of New Bedford, make it an attractive location for both locals and tourists. The city's infrastructure, including the New Bedford Regional Airport and major transportation facilities, ensures easy accessibility and connectivity.
New Bedford's restaurants are an integral part of the city's cultural landscape, offering a range of cuisines that reflect the city's diverse heritage. With a strong presence of Portuguese-American community, the city's restaurants often feature traditional Portuguese dishes, alongside other international cuisines. In addition to restaurants, New Bedford also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings, such as those in the South End and North End neighborhoods, offer a mix of historic and modern architecture, while its shopping centers, like the ones in the Downtown area, provide a hub for local businesses and services. Specialty properties, like the New Bedford Whaling Museum and the Rotch-Jones-Duff House and Garden Museum, offer unique investment opportunities, and the city's hotels, such as the Fairfield Inn and Suites and the New Bedford Harbor Hotel, cater to the city's growing tourism industry.
What is the average cost per square foot for a restaurant in New Bedford?
The average cost per square foot for a restaurant in New Bedford is $134 USD per square feet, with 6 available listings, offering a range of options for entrepreneurs and investors looking to capitalize on the city's strong fishing industry and tourist attractions.
What factors determine the value of a restaurant for sale in New Bedford?
When evaluating the value of a restaurant for sale in New Bedford, several key factors come into play, including:
- Location, with proximity to popular attractions like the New Bedford Whaling National Historical Park and Buttonwood Park Zoo, as well as accessibility to major transportation hubs like the New Bedford Regional Airport and the Port of New Bedford, playing a significant role in determining value.
- The size and condition of the property, with average sizes ranging from 8,701 square feet to 16,800 square feet, and the overall condition of the building and equipment impacting the sale price.
- Financial performance, including the average cap rate of and the average price per square foot of $134 USD, which are influenced by factors like revenue, expenses, and profitability.
