Springfield, Missouri, is a prime location for investing in restaurants, with its strong economy and diverse industries. Restaurants in Springfield for sale offer a unique opportunity to tap into the city's growing demand for dining options. As a hub for medical care, education, and tourism, Springfield attracts a wide range of customers, from students and professionals to visitors and locals. With its rich history, cultural attractions, and outdoor recreational activities, Springfield is an attractive destination for people of all ages. The city's amenities, including hospitals, parks, and sports facilities, make it an ideal place to live, work, and invest. Missouri State University, Drury University, and Evangel University are just a few of the institutions that contribute to the city's educational landscape, drawing in students and faculty who appreciate a good meal out. The city's infrastructure, including City Utilities of Springfield and the Springfield-Branson National Airport, ensures that businesses have access to the resources they need to thrive.
With 3 restaurants for sale in Springfield, investors have a range of options to choose from. From casual eateries to fine dining establishments, there's a restaurant to suit every taste and budget. In addition to restaurants, Springfield offers a variety of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Springfield offer a steady stream of income, while shopping centers provide a hub for local commerce. Specialty properties, such as those catering to the medical or educational communities, offer a unique niche market. Hotels in Springfield, meanwhile, capitalize on the city's tourism industry, providing accommodations for visitors from across the country. Whatever your investment goals, Springfield has a property to suit your needs. With its strong economy, diverse industries, and attractive amenities, Springfield is an ideal location for investing in restaurants and other commercial properties.
What is the average cost per square foot for a restaurant in Springfield?
The average cost per square foot for a restaurant in Springfield is $232 USD per square feet, with an average size of 7,147 square feet and a largest size of 11,474 square feet, among the 3 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Springfield?
When evaluating the value of a restaurant for sale in Springfield, several key factors come into play, including:
- Location, with proximity to major highways, universities, and medical centers, such as Missouri State University and CoxHealth, being highly desirable;
- The restaurant's size, with an average size of 7,147 square feet, and largest size of 11,474 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $232 USD and average cap rate of 6%, which can influence its overall value and attractiveness to potential buyers.
