New Britain, Connecticut, offers a unique opportunity for investors to own a piece of the city's culinary scene with its 1 restaurants for sale. Restaurants are a great investment in New Britain due to the city's rich history, diverse demographic makeup, and strong educational institutions, including Central Connecticut State University and Charter Oak State College. As a hub for industry and manufacturing, New Britain attracts a wide range of customers, from students and professionals to families and tourists. The city's infrastructure, including Connecticut Route 9 and I-84, makes it easily accessible, and its numerous parks and amenities, such as Walnut Hill Park and the New Britain Stadium, provide a welcoming atmosphere for diners. With its strong economy and cultural attractions, New Britain is an excellent place to invest in a restaurant, and with the average price per square foot being $199 USD and the average size of restaurants being 8,514 square feet, investors have a range of options to choose from.
New Britain's restaurants are situated in a city with a strong sense of community and a growing economy. The city is home to major corporations like Stanley Black & Decker and Gaffney, Bennett and Associates, and its manufacturing sector is a significant contributor to the local economy. In addition to restaurants, New Britain also offers 1 apartment buildings, shopping centers, specialty properties, and hotels for sale, providing investors with a range of options to diversify their portfolios. The city's apartment buildings offer a chance to invest in residential properties, while its shopping centers provide opportunities for retail investments. Specialty properties, such as the New Britain Industrial Museum, offer unique investment opportunities, and hotels, like those near the Bradley International Airport, cater to the city's growing tourism industry. With its diverse economy and range of investment options, New Britain is an attractive destination for investors looking to expand their portfolios.
What is the average cost per square foot for a restaurant in New Britain?
The average cost per square foot for a restaurant in New Britain is $199 USD per square foot, with an average size of 8,514 square feet and a largest size of 8,514 square feet among the 1 available listings.
What factors determine the value of a restaurant for sale in New Britain?
When evaluating the value of a restaurant for sale in New Britain, several key factors come into play, including:
- Location, with proximity to major transportation facilities such as Connecticut Route 9 and I-84, as well as nearby educational institutions like Central Connecticut State University and Charter Oak State College, being highly desirable;
- The restaurant's size, with an average size of 8,514 square feet and a maximum size of 8,514 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $199 USD and average cap rate of , which can indicate its profitability and potential for growth.
