Richmond, California, a city in the San Francisco Bay Area's East Bay region, offers a unique opportunity for investors to tap into the local restaurant scene. With a population of around 120,000, Richmond presents a diverse and growing market for restaurants. Whether you're looking to invest in a casual eatery, a fine dining establishment, or a quick-service restaurant, Richmond has the potential to support a wide range of concepts. The city's industrial presence, including the Chevron Richmond Refinery, and its historical significance, make it an attractive location for businesses. Additionally, Richmond's amenities, such as the Rosie the Riveter World War II Home Front National Historical Park, Wildcat Canyon Regional Park, and the Richmond Greenway, provide a unique blend of history, nature, and entertainment that can attract customers to your restaurant.
Richmond's restaurant scene is complemented by its proximity to other property types, including Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. The city's infrastructure, including the Port of Richmond, Interstate 80, and Richmond Parkway, makes it an ideal location for businesses that rely on transportation and logistics. With 4 restaurants for sale in Richmond, investors have a range of options to choose from. Whether you're looking to invest in a small, family-owned restaurant or a larger, more established chain, Richmond has the potential to support your business goals. The average price per square foot for restaurants in Richmond is $496 USD, with an average size of 3,448 square feet and a largest size of 5,650 square feet. The average cap rate for restaurants in Richmond is 5.44%. With its unique blend of history, industry, and natural beauty, Richmond is an attractive location for investors looking to tap into the local restaurant scene.
What is the average cost per square foot for a restaurant in Richmond?
The average cost per square foot for a restaurant in Richmond is $496 USD per square foot, with an average size of 3,448 square feet and a largest size of 5,650 square feet among the 4 available listings.
What factors determine the value of a restaurant for sale in Richmond?
When evaluating the value of a restaurant for sale in Richmond, several factors come into play, including:
- Location, with proximity to major transportation hubs like the Richmond station, Interstate 80, and Interstate 580, as well as access to the Port of Richmond, influencing foot traffic and logistics;
- The restaurant's size, with an average size of 3,448 square feet, and a maximum size of 5,650 square feet, affecting seating capacity, equipment needs, and overall operational efficiency;
- Financial performance, including the average cap rate of 5.44%, and the average price per square foot of $496 USD, which can impact the restaurant's profitability and resale value.
