Wyoming, Michigan, a city located in Kent County, offers a unique opportunity for investors to own a piece of the local dining scene with its selection of restaurants for sale. With a strong economy driven by manufacturing, retail, education, health, and social services, Wyoming provides a stable foundation for businesses to succeed. Restaurants, in particular, can benefit from the city's diverse population and growing retail sector, which includes major employers like General Motors Components Holdings and Gordon Food Service. Wyoming's amenities, such as the Kent Trails system and the Dog Park, also make it an attractive location for families and individuals who value outdoor recreation. Additionally, the city's proximity to Grand Rapids and its position near the Grand River make it an ideal location for businesses looking to tap into the regional market. With a range of restaurants for sale, from casual eateries to fine dining establishments, investors can find the perfect opportunity to own a piece of Wyoming's culinary scene.
Wyoming's restaurants for sale offer a range of investment opportunities, from small, family-owned establishments to larger, more formal restaurants. The city's diverse economy and growing population make it an attractive location for businesses looking to establish a strong customer base. In addition to restaurants, Wyoming also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors looking for a unique opportunity might consider a specialty property like a historic building or a property with a distinctive architectural style. Meanwhile, those looking for a more traditional investment might consider an apartment building or a shopping center. With its strong economy and diverse range of commercial properties, Wyoming is an attractive location for investors looking to own a piece of the local business scene. The city's average price per square foot for restaurants is $249 USD, with an average size of 12,154 square feet and a largest size of 35,829 square feet. The average cap rate for restaurants in Wyoming is 6.6%. With 3 restaurants for sale, investors have a range of opportunities to choose from.
What is the average cost per square foot for a restaurant in Wyoming?
The average cost per square foot for a restaurant in Wyoming is $249 USD per square foot, with an average size of 12,154 square feet and a largest size of 35,829 square feet among the 3 available listings.
What factors determine the value of a restaurant for sale in Wyoming?
When evaluating the value of a restaurant for sale in Wyoming, several key factors come into play, including:
- Location, with proximity to major highways like I-196, US 131, M-6, and M-11, as well as accessibility to local amenities and attractions, influencing foot traffic and customer draw;
- The restaurant's size, with an average size of 12,154 square feet, and a maximum size of 35,829 square feet, affecting operational efficiency and seating capacity;
- Financial performance, including the average cap rate of 6.6% and average price per square foot of $249 USD, which impact the restaurant's profitability and resale value.
