Perris, California, is an attractive location for investors looking to purchase a restaurant, with its growing population of approximately 80,000 residents and a diverse economy. Restaurants in Perris offer a unique opportunity for entrepreneurs to establish a successful business, catering to the local community and visitors alike. As a restaurant owner in Perris, you can expect to benefit from the city's sunny, dry climate and its proximity to popular attractions such as Lake Perris and the Southern California Railway Museum. The city's infrastructure, including the Perris Valley Airport and Interstate 215, makes it an ideal location for businesses that rely on transportation and logistics. Additionally, Perris is home to several major corporations, including Amazon and Home Depot, which contribute to the local economy and provide employment opportunities for residents.
Currently, there are 2 restaurants for sale in Perris, offering a range of options for investors. The average price per square foot for restaurants in Perris is $1,217 USD, with an average size of 2,854 square feet. The largest restaurant for sale in Perris has a size of 3,831 square feet. In addition to restaurants, Perris also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Perris offer investors the opportunity to capitalize on the city's growing population and demand for housing. Shopping centers in Perris provide a hub for retail and commercial activity, while specialty properties, such as the Southern California Railway Museum, offer unique opportunities for businesses that cater to tourists and locals alike. Hotels in Perris, such as those located near the Perris Valley Airport, cater to the city's growing tourism industry and provide a range of amenities for visitors. Overall, Perris offers a diverse range of commercial properties for sale, making it an attractive location for investors looking to establish a successful business.
What is the average cost per square foot for a restaurant in Perris?
In Perris, California, the average cost per square foot for a restaurant is $1,217 USD per square foot, with an average size of 2,854 square feet and a largest size of 3,831 square feet among the 2 available listings.
What factors determine the value of a restaurant for sale in Perris?
When evaluating the value of a restaurant for sale in Perris, several key factors come into play, including:
- Location, with proximity to major transportation facilities like Interstate 215 and State Route 74, as well as local attractions like Lake Perris and the Southern California Railway Museum, being highly desirable;
- The size and condition of the property, with an average size of 2,854 square feet and average price per square foot of $1,217 USD, as well as the overall condition and amenities of the restaurant;
- Financial performance, including the average cap rate of 4.65% and the restaurant's revenue and profit history, which can impact the overall value of the business.
