Plano, Texas, is a prime location for investing in restaurants, with a strong economy and a population of around 285,000 residents. Restaurants in Plano offer a unique opportunity for entrepreneurs to capitalize on the city's growing demand for dining options. Whether you're looking to invest in a casual eatery, a fine dining establishment, or a quick-service restaurant, Plano has a diverse range of options to suit your needs. The city's amenities, infrastructure, location, education, and geography make it an attractive location for restaurant owners. For instance, Plano is home to several educational institutions, including Collin College and DBU North, which attract students and faculty looking for convenient dining options. The city's infrastructure, including the Dallas Area Rapid Transit (DART) system and major roadways like U.S. Highway 75, makes it easily accessible to customers. Additionally, Plano's attractions, such as the Plano Balloon Festival and the Heritage Farmstead Museum, draw visitors from across the region, creating a steady stream of potential customers. With its business-friendly environment and growing population, Plano is an ideal location for restaurant owners looking to establish a successful business.
With 2 restaurants for sale in Plano, there are plenty of opportunities to find the perfect investment property. Plano's restaurants offer a unique blend of local flavor and national chains, catering to a diverse range of tastes and preferences. In addition to restaurants, Plano also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Plano offer a steady stream of rental income, while shopping centers provide a diverse range of retail options. Specialty properties, such as office buildings and warehouses, offer a unique opportunity for entrepreneurs to invest in a specific industry or sector. Hotels in Plano, meanwhile, cater to the city's growing tourism industry, providing a convenient and comfortable place for visitors to stay. Overall, Plano's diverse range of investment opportunities makes it an attractive location for entrepreneurs looking to establish a successful business.
What is the average cost per square foot for a restaurant in Plano?
The average cost per square foot for a restaurant in Plano is $834 USD per square feet, with an average size of 5,332 square feet and a largest size of 12,934 square feet, making it an attractive option for entrepreneurs looking to establish a food business in this city.
What factors determine the value of a restaurant for sale in Plano?
When evaluating the value of a restaurant for sale in Plano, several key factors come into play, including:
- Location, with proximity to major transportation hubs, such as the DART Light Rail stations, and high-traffic areas like Downtown Plano and Legacy West, being highly desirable;
- The restaurant's financial performance, including its average price per square foot of $834 USD, average size of 5,332 square feet, and average cap rate of 5.5%;
- The overall condition and amenities of the property, including the size of the dining area, kitchen equipment, and outdoor seating, with larger restaurants like those with 12,934 square feet being more valuable.
With 2 available listings of restaurants for sale in Plano, understanding these factors is crucial in determining the value of a restaurant and making an informed investment decision.
