Rochester, Minnesota, is a prime location for investing in restaurants, with its strong economy driven by the Mayo Clinic and a growing population of around 120,000 residents. Restaurants in Rochester offer a unique opportunity for entrepreneurs to capitalize on the city's reputation as a hub for healthcare and technology. Whether you're looking to open a casual eatery or a fine dining establishment, Rochester's diverse demographics and amenities provide an ideal setting for a successful restaurant venture. The city's extensive parks system, including Silver Lake and Soldiers Field, and its rich arts and cultural scene, featuring events like Thursdays Downtown, make it an attractive destination for visitors and locals alike. Additionally, Rochester's infrastructure, including the Rochester International Airport and major highways, ensures easy accessibility for customers.
With 2 restaurants for sale in Rochester, investors have a range of options to choose from. Rochester's restaurants offer a unique blend of local flavor and international cuisine, catering to the diverse tastes of the city's residents and visitors. In addition to restaurants, Rochester also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels, each with its own unique characteristics and advantages. For instance, apartment buildings in Rochester offer a steady stream of income, while shopping centers provide a hub for local commerce. Specialty properties, such as those in the Downtown Waterfront district, offer a unique opportunity to invest in a thriving commercial area, and hotels, like those near the Mayo Clinic, cater to the city's many visitors. Overall, Rochester's diverse range of investment opportunities makes it an attractive location for entrepreneurs and investors alike.
What is the average cost per square foot for a restaurant in Rochester?
The average cost per square foot for a restaurant in Rochester is $291 USD per square feet, with an average size of 6,333 square feet and a largest size of 6,666 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this city, which is heavily influenced by the Mayo Clinic and has a strong economy driven by healthcare, technology, and agriculture sectors.
What factors determine the value of a restaurant for sale in Rochester?
When evaluating the value of a restaurant for sale in Rochester, several key factors come into play, including:
- Location, with proximity to major employers like the Mayo Clinic, as well as accessibility to highways and public transportation, playing a significant role in determining value;
- The restaurant's size, with average sizes ranging from 6,333 square feet to 6,666 square feet, and the corresponding average price per square foot of $291 USD, influencing the overall value;
- The restaurant's financial performance, including its average cap rate of , which can impact the value of the business and the property itself.
