Waco, Texas, is an attractive location for investors seeking to purchase a restaurant, with its rich history, cultural attractions, and strong economy. Restaurants in Waco for sale offer a unique opportunity to tap into the city's growing demand for dining options. As a popular destination for tourists and locals alike, Waco's restaurants can cater to a diverse range of customers. With Baylor University and Texas State Technical College nearby, restaurants can benefit from the student population and faculty. The city's infrastructure, including major highways and airports, makes it easily accessible for suppliers and customers. Waco's amenities, such as the Waco Mammoth National Monument, Hawaiian Falls water park, and the Waco Suspension Bridge, also attract visitors who are likely to frequent local restaurants. Overall, Waco's unique blend of history, education, and entertainment makes it an attractive location for restaurant investors.
With 7 restaurants for sale in Waco, investors have a range of options to choose from. Waco's restaurants offer a unique opportunity to invest in a city that is home to major employers like Baylor Scott & White Health, Providence Healthcare Network, and L3Harris Technologies. In addition to restaurants, Waco also offers opportunities to invest in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Waco can benefit from the city's growing student population, while shopping centers can tap into the demand for retail space. Specialty properties, such as those near the Waco Mammoth National Monument, can cater to tourists and locals alike. Hotels in Waco can benefit from the city's proximity to major highways and airports, making it an attractive location for travelers. Overall, Waco's diverse range of investment opportunities makes it an attractive location for investors seeking to diversify their portfolio.
What is the average cost per square foot for a restaurant in Waco?
The average cost per square foot for a restaurant in Waco is $557 USD per square foot, with an average size of 8,819 square feet and a largest size of 30,935 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this city of around 140,000 people, situated halfway between Dallas and Austin.
What factors determine the value of a restaurant for sale in Waco?
When evaluating the value of a restaurant for sale in Waco, several key factors come into play, including:
- Location, with proximity to major highways like Interstate 35, Texas State Highway 6, and US Highway 84, as well as accessibility to local amenities like the Waco Mammoth National Monument and downtown Waco, influencing foot traffic and customer draw;
- Size and layout, with the average restaurant size in Waco being 8,819 square feet, and larger spaces like 30,935 square feet commanding higher prices;
- Financial performance, including the average cap rate of 6.62% and the average price per square foot of $557 USD, which can impact the overall value of the restaurant.
