Richardson, Texas, is an attractive location for investors seeking to purchase a restaurant, with its strong employment base in the insurance industry and its reputation as a hub for major telecommunications companies. Restaurants in Richardson offer a unique investment opportunity, providing a chance to tap into the city's diverse economy and capitalize on the demand for dining options from the local workforce and students at the University of Texas at Dallas. With a range of restaurants available, from casual eateries to fine dining establishments, investors can find a property that suits their investment goals and strategy. Richardson's amenities, including its comprehensive trail network and bike lanes, make it an attractive location for residents and visitors alike, increasing the potential for restaurants to attract a loyal customer base. The city's location, with easy access to major highways and public transportation options, including the Dallas Area Rapid Transit (DART) Light Rail line, also makes it an ideal spot for restaurants looking to draw in customers from surrounding areas. Additionally, Richardson is home to several major companies, including AT&T, Verizon, and Cisco Systems, providing a built-in customer base for restaurants.
Richardson's restaurant scene is just one aspect of the city's diverse economy, which also includes Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. The city's Apartment Buildings offer investors a chance to capitalize on the demand for housing from students and professionals working in the telecommunications industry. Shopping Centers in Richardson provide a unique opportunity to invest in retail space, with the city's strong employment base and diverse economy driving consumer spending. Specialty Properties, such as office buildings and warehouses, are also available in Richardson, offering investors a chance to tap into the city's growing economy. Meanwhile, Hotels in Richardson cater to the city's business travelers and tourists, providing a lucrative investment opportunity. With 4 restaurants available for sale in Richardson, investors have a range of options to choose from, each with its own unique characteristics and potential for growth. Overall, Richardson's diverse economy and strong infrastructure make it an attractive location for investors seeking to purchase a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Richardson?
The average cost per square foot for a restaurant in Richardson is $436 USD per square foot, with available listings totaling 4 and average restaurant sizes ranging from 8,178 square feet to 20,000 square feet.
What factors determine the value of a restaurant for sale in Richardson?
The value of a restaurant for sale in Richardson is determined by a combination of factors, including:
- Location, with proximity to major transportation hubs like the President George Bush Turnpike and the Dallas Area Rapid Transit (DART) Light Rail line, as well as access to major highways like Interstate 635, U.S. Highway 75, and State Highway 190, being highly desirable;
- The restaurant's size, with an average size of 8,178 square feet, and a maximum size of 20,000 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $436 USD and average cap rate of , which can influence its overall value and attractiveness to potential buyers.
