Westminster, Colorado, is an attractive destination for investors seeking to purchase a restaurant, with 8 listings available. Restaurants in Westminster offer a unique opportunity to tap into the city's diverse demographic makeup and strong economy, driven by industries such as high-tech, medical, and energy. As a restaurant owner in Westminster, you can cater to a range of customers, from locals to visitors, and benefit from the city's excellent infrastructure, including an extensive trail network, open space system, and convenient transportation links. The city's amenities, such as hospitals, parks, and sports facilities, also contribute to its appeal, making it an ideal location for a restaurant business. Additionally, Westminster's proximity to major corporations like DigitalGlobe, Ball, and the Western Fuels Association ensures a steady stream of potential customers.
Westminster's restaurant scene is part of a larger commercial landscape that includes Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. The city's Apartment Buildings offer a range of residential options, while its Shopping Centers provide a convenient retail experience. Specialty Properties in Westminster cater to specific business needs, and the city's Hotels offer comfortable accommodations for visitors. With its diverse range of commercial properties, Westminster provides an attractive environment for businesses to thrive. As a restaurant owner in Westminster, you can take advantage of the city's strong economy, excellent infrastructure, and diverse customer base to establish a successful business. Overall, Westminster is an excellent choice for investors seeking to purchase a restaurant, with its unique blend of urban and natural landscapes, convenient location, and strong economy making it an attractive destination for businesses and visitors alike.
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 $522 USD per square foot, with an average size of 5,290 square feet and a largest size of 9,300 square feet, among the 8 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Westminster?
The value of a restaurant for sale in Westminster is determined by a combination of factors, including:
- Location, with proximity to major transportation routes like I-25, US 36, and SH 95, as well as access to amenities like parks, trails, and golf courses, impacting foot traffic and customer accessibility;
- Size and layout, with the average restaurant size in Westminster being 5,290 square feet, and larger spaces like 9,300 square feet commanding higher prices;
- Financial performance, including the average cap rate of 6.84%, and the overall profitability of the business, which can be influenced by factors like competition, menu offerings, and customer loyalty.
