Plymouth, Minnesota, a city with a rich history and a strong economy, offers a unique opportunity for investors to purchase restaurants for sale. With a population of approximately 80,000 residents, Plymouth provides a stable customer base for restaurants. Restaurants in Plymouth can represent a variety of investments, from casual eateries to fine dining establishments, catering to the diverse tastes of the local community. The city's amenities, such as the Park Nicollet Plymouth Clinic, WestHealth Medical Center, and French Regional Park, make it an attractive location for businesses. Additionally, Plymouth's proximity to downtown Minneapolis and its inclusion in the Minneapolis-Saint Paul metropolitan area provide access to a broader customer base. The city's humid continental climate and scenic natural features, like Medicine Lake, also make it an appealing destination for tourists and locals alike.
Plymouth's restaurants are situated in a city with a strong economy, featuring corporate headquarters for companies like OneBeacon, Select Comfort, Christopher & Banks, and Tonka Water. The city's infrastructure, including Interstate 494, U.S. Highway 169, and Minnesota State Highway 55, provides easy access to other major areas in the region. In addition to restaurants, Plymouth also offers opportunities for investment in other property types, such as apartment buildings, which can provide a steady stream of rental income. Shopping centers in Plymouth offer a mix of local boutiques and national chain stores, catering to the diverse needs of the community. Specialty properties, like the Association Free Lutheran Bible School and Seminary, and Central Baptist Theological Seminary, provide unique investment opportunities. Hotels in Plymouth, such as those near the Plymouth Ice Center, cater to the city's tourism industry, providing accommodations for visitors attending events and exploring the local area. With 2 restaurants for sale in Plymouth, investors have a range of options to choose from, each with its own unique characteristics and potential for growth.
What is the average cost per square foot for a restaurant in Plymouth?
The average cost per square foot for a restaurant in Plymouth is $439 USD per square foot, with an average size of 3,995 square feet and a largest size of 6,200 square feet, among the 2 available listings.
What factors determine the value of a restaurant for sale in Plymouth?
When evaluating the value of a restaurant for sale in Plymouth, several key factors come into play, including:
- Location, with proximity to major transportation routes like Interstate 494, U.S. Highway 169, and Minnesota State Highway 55, as well as access to local amenities like parks, hospitals, and sports facilities, playing a significant role in determining value.
- The size and condition of the property, with average sizes ranging from 3,995 square feet to 6,200 square feet, and the overall condition of the building and equipment affecting the sale price.
- Financial performance, including the average cap rate of and the average price per square foot of $439 USD, which can impact the value of the restaurant and its potential for future success.
