Wichita Falls, Texas, presents a unique opportunity for investors to capitalize on the city's growing demand for restaurants. With a population of around 100,000, Wichita Falls offers a stable and diverse customer base for restaurants. Restaurants in Wichita Falls can represent a wide range of investments, from casual eateries to fine dining establishments, catering to the city's diverse demographics. Wichita Falls' amenities, such as Lucy Park, the Hotter'N Hell Hundred event, and the Champions Course at Weeks Park, make it an attractive location for restaurants. The city's infrastructure, including Midwestern State University, Vernon College, and the Wichita Falls Municipal Airport, also contribute to its appeal. Additionally, Wichita Falls' location, situated near the Oklahoma border and within driving distance of major cities like Dallas and Oklahoma City, makes it an ideal spot for restaurants looking to attract visitors and locals alike.
With 1 restaurants for sale in Wichita Falls, investors have a range of options to choose from. The average price per square foot for restaurants in Wichita Falls is , with an average size of 1,754 square feet. The largest restaurant available is 1,754 square feet. Wichita Falls also offers a competitive average cap rate of. In addition to restaurants, Wichita Falls also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Wichita Falls offer a stable source of income, while shopping centers provide a diverse range of retail opportunities. Specialty properties, such as office buildings and warehouses, cater to the city's growing business sector. Hotels in Wichita Falls, like the Wichita Falls Municipal Airport, serve the city's visitors and travelers. Overall, Wichita Falls presents a unique blend of investment opportunities, making it an attractive location for investors.
What is the average cost per square foot for a restaurant in Wichita Falls?
The average cost per square foot for a restaurant in Wichita Falls is per square foot, with an average size of 1,754 square feet and a largest size of 1,754 square feet among the 1 available listings.
What factors determine the value of a restaurant for sale in Wichita Falls?
When evaluating the value of a restaurant for sale in Wichita Falls, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Wichita Falls Municipal Airport and Interstate 44, as well as foot traffic in popular areas like downtown Wichita Falls and the Depot Square Historic District, playing a significant role;
- The size and condition of the property, with average restaurant sizes in Wichita Falls ranging from 1,754 square feet to 1,754 square feet, and the overall condition of the building and equipment affecting the sale price;
- Financial performance, including the average cap rate of , and the restaurant's revenue and profit margins, which can be influenced by factors like competition, local demographics, and the overall economy.
