Tulsa, Oklahoma, is a prime location for investing in restaurants, with a population of approximately 410,000 residents and a diverse economy that has expanded beyond its historical roots in the oil industry. Restaurants in Tulsa offer a unique opportunity for entrepreneurs and investors to capitalize on the city's growing demand for dining options. Whether you're looking to invest in a casual eatery, a fine dining establishment, or a quick-service restaurant, Tulsa's restaurant scene has something to offer. With its rich cultural heritage, beautiful parks, and numerous attractions, Tulsa is an attractive destination for tourists and locals alike, making it an ideal location for restaurants to thrive.
Tulsa's restaurant market is supported by a strong infrastructure, including the Tulsa Transit bus network, the Tulsa Port of Catoosa, and an extensive highway system. The city is also home to several higher education institutions, including the University of Tulsa, Oral Roberts University, and Oklahoma State University, which provide a steady stream of customers for restaurants. Additionally, Tulsa's economy is diversified, with major employers in the aerospace, finance, technology, and healthcare industries, ensuring a consistent demand for dining options. If you're considering investing in a restaurant in Tulsa, you'll also have access to a range of other property types, including apartment buildings, shopping centers, specialty properties, and hotels. With 21 restaurants for sale in Tulsa, there are plenty of opportunities to find the perfect investment property. Apartment buildings in Tulsa offer a unique opportunity to capitalize on the city's growing demand for housing, while shopping centers provide a chance to invest in retail spaces that cater to the city's diverse population. Specialty properties, such as office buildings and warehouses, are also available, offering a range of investment opportunities. Meanwhile, hotels in Tulsa provide a chance to capitalize on the city's thriving tourism industry, with attractions like the Tulsa Zoo, Philbrook Museum of Art, and the BOK Center drawing visitors from across the region.
What is the average cost per square foot for a restaurant in Tulsa?
The average cost per square foot for a restaurant in Tulsa is $833 USD per square feet, with an average size of 9,948 square feet and a largest size of 92,709 square feet, among the 21 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Tulsa?
When evaluating the value of a restaurant for sale in Tulsa, several key factors come into play, including:
- Location, with proximity to major highways, transportation hubs, and popular attractions like the Gathering Place park and the Tulsa Zoo influencing foot traffic and customer accessibility;
- Size and layout, with restaurants averaging 9,948 square feet and ranging up to 92,709 square feet, impacting seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including average cap rates of 6.08% and sales prices per square foot of $833 USD, which are influenced by factors like revenue growth, profit margins, and market demand, with 21 available listings to compare and contrast.
