Simi Valley, California, offers a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of around 130,000, Simi Valley provides a diverse customer base for restaurants, from families to young professionals. Restaurants in Simi Valley can cater to a wide range of tastes and cuisines, from casual dining to fine dining, and everything in between. The city's Mediterranean climate, with warm summers and mild winters, makes it an attractive location for outdoor dining and entertainment. Additionally, Simi Valley's proximity to Los Angeles and its surrounding neighborhoods, such as Thousand Oaks and Moorpark, provides a large customer base for restaurants. The city's infrastructure, including the Simi Valley station used by Amtrak and Metrolink, and the Montalvo Cutoff railroad line, makes it easily accessible for customers. Furthermore, the city's amenities, such as the Simi Valley Public Library, Rancho Simi Recreation and Park District, and the Ronald Reagan Presidential Library, attract visitors and locals alike, creating a bustling atmosphere that is conducive to a successful restaurant business.
Simi Valley's restaurant scene is diverse and growing, with 2 restaurants available for sale. The average price per square foot for restaurants in Simi Valley is $907 USD, and the average size is 3,698 square feet. The largest restaurant available for sale is 4,900 square feet. With an average cap rate of 3.75%, restaurants in Simi Valley offer a promising investment opportunity. In addition to restaurants, Simi Valley also offers other investment opportunities, including Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. The city's diverse economy, with major industries in machinery and tools, metal, lumber, and food, provides a strong foundation for businesses to thrive. With its unique blend of natural beauty, cultural attractions, and economic opportunities, Simi Valley is an attractive location for investors looking to capitalize on the city's growth.
What is the average cost per square foot for a restaurant in Simi Valley?
The average cost per square foot for a restaurant in Simi Valley is $907 USD per square foot, with an average size of 3,698 square feet and a largest size of 4,900 square feet, among the 2 available listings.
What factors determine the value of a restaurant for sale in Simi Valley?
When evaluating a restaurant for sale in Simi Valley, several key factors determine its value, including:
- Location, with proximity to major transportation hubs like the Simi Valley station and high-traffic areas like Los Angeles Avenue influencing foot traffic and accessibility;
- Size and layout, with average restaurant sizes in Simi Valley ranging from 3,698 square feet to 4,900 square feet, and a functional layout that can accommodate a large number of customers;
- Financial performance, including the average cap rate of 3.75% and the average price per square foot of $907 USD, which can indicate the restaurant's profitability and potential for growth.
