Westminster, California, offers a unique opportunity for investors to tap into the city's diverse economy and growing population of around 90,000 residents. Restaurants for sale in Westminster provide a lucrative investment option, as the city's cultural diversity and strategic location make it an attractive destination for foodies and families alike. With a range of cuisines and dining options, restaurants in Westminster cater to the city's diverse population, including the large Vietnamese community in the Little Saigon district. The city's infrastructure, including the San Diego Freeway and Garden Grove Freeway, ensures easy accessibility and connectivity to neighboring cities, making it an ideal location for restaurants. Additionally, Westminster's strong education system, with school districts like Westminster School District and Garden Grove Unified School District, and healthcare facilities like Kindred Hospital Westminster, contribute to a stable and growing community that supports local businesses.
With 4 restaurants for sale in Westminster, investors have a range of options to choose from. The average price per square foot is $746 USD, and the average size of these restaurants is 22,200 square feet, with the largest being 61,540 square feet. The average cap rate is 7.52%. In addition to restaurants, Westminster also offers other investment opportunities, such as apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Westminster offer a stable source of income, while shopping centers like Westminster Mall provide a hub for retail activity. Specialty properties, like the Westminster Sports Complex, cater to specific needs, and hotels in the area, such as those near the San Diego Freeway, provide accommodation options for visitors. Overall, Westminster's diverse economy and infrastructure make it an attractive location for investors looking to tap into the city's growth potential.
What is the average cost per square foot for a restaurant in Westminster?
The average cost per square foot for a restaurant in Westminster is $746 USD per square foot, with an average size of 22,200 square feet and a largest size of 61,540 square feet, making it an attractive option for restaurateurs looking to establish a presence in this city with a strong retail sector and a diverse range of industries.
What factors determine the value of a restaurant for sale in Westminster?
When evaluating the value of a restaurant for sale in Westminster, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the San Diego Freeway and Garden Grove Freeway, as well as foot traffic in popular areas like Little Saigon, significantly impacting the restaurant's visibility and accessibility;
- The restaurant's size, with an average size of 22,200 square feet and a maximum size of 61,540 square feet, influencing the seating capacity, kitchen space, and overall operational efficiency;
- The restaurant's financial performance, including the average price per square foot of $746 USD and an average cap rate of 7.52%, which can indicate the restaurant's profitability and potential for future growth.
