Restaurants for sale in Thousand Oaks offer a unique investment opportunity in a city that boasts a strong economy, excellent infrastructure, and a high quality of life. With a population of around 130,000, Thousand Oaks is an attractive location for businesses, including restaurants, due to its proximity to Los Angeles and Santa Barbara, making it an ideal spot for both locals and tourists. Restaurants in Thousand Oaks can cater to a diverse range of customers, from families and young professionals to students and seniors, offering a variety of cuisines and dining experiences. The city's smart growth strategy and mixed-use retail and housing development have created a favorable environment for businesses to thrive. Additionally, the presence of institutions like California Lutheran University, Los Robles Hospital & Medical Center, and major corporations like Amgen, Teledyne Technologies, and Bank of America, ensure a steady flow of customers. The city's natural beauty, with its rolling hills, oak woodlands, and mountainous terrain, also makes it an attractive destination for tourists, further increasing the potential for restaurants to succeed.
Thousand Oaks is home to 1 restaurants for sale, offering a range of options for investors. The city's economy is diverse, with major industries including biotechnology, electronics, automotive, aerospace, telecommunications, healthcare, and financing, ensuring a steady flow of customers. In addition to restaurants, other property types available in Thousand Oaks include apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Thousand Oaks offer a stable source of income, while shopping centers provide a hub for retail activity. Specialty properties, such as office buildings and warehouses, cater to the city's diverse industries, and hotels serve the tourism sector. With its strong economy, excellent infrastructure, and high quality of life, Thousand Oaks is an attractive location for investors looking to diversify their portfolio.
What is the average cost per square foot for a restaurant in Thousand Oaks?
The average cost per square foot for a restaurant in Thousand Oaks is $2,818 USD per square feet, with an average size of 2,289 square feet and a largest size of 2,289 square feet, among the 1 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Thousand Oaks?
When evaluating the value of a restaurant for sale in Thousand Oaks, several key factors come into play, including:
- Location, with proximity to major transportation hubs, such as U.S. Route 101 and State Route 23, and high-traffic areas like downtown Thousand Oaks, contributing to a restaurant's value.
- The size and layout of the property, with average sizes ranging from 2,289 square feet to 2,289 square feet, and the ability to accommodate a desired number of patrons and staff.
- Financial performance, including the average cap rate of , which can impact the overall value of the restaurant, as well as the asking price per square foot, currently averaging $2,818 USD.
