Appleton, Wisconsin, is a city that offers a unique blend of small-town charm and urban amenities, making it an attractive location for investors looking to purchase a restaurant. With a population of approximately 75,000 people, Appleton provides a diverse customer base for restaurants, from families and young professionals to students and tourists. Restaurants in Appleton can cater to a wide range of tastes and preferences, from classic American comfort food to international cuisine. The city's strong economy, driven by major industries such as healthcare, education, and technology, ensures a steady stream of customers for restaurants. Additionally, Appleton's scenic location on the Fox River and its proximity to popular attractions like the Fox Cities Performing Arts Center and the Fox River Mall make it an ideal spot for restaurants to attract visitors and locals alike.
Appleton's restaurant scene is characterized by a mix of local eateries, chain restaurants, and specialty food establishments. The city's downtown area is home to a variety of restaurants, cafes, and bars, offering a range of dining options for residents and visitors. With 7 restaurants for sale in Appleton, investors have a wide range of options to choose from, including established eateries and new opportunities for development. The average price per square foot for restaurants in Appleton is $136 USD, with an average size of 9,452 square feet. The largest restaurant for sale in Appleton has a size of 22,347 square feet. In addition to restaurants, Appleton also offers a range of other commercial properties for sale, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can find apartment buildings for sale in Appleton's downtown area, offering a mix of studio, one-bedroom, and two-bedroom units. Shopping centers in Appleton, such as the Fox River Mall, offer a range of retail spaces for lease or sale. Specialty properties, like the Lawrence University campus, provide unique opportunities for investors looking to develop or renovate existing buildings. Hotels in Appleton, such as the Radisson Paper Valley Hotel, offer a range of amenities and services for guests, making them attractive options for investors looking to enter the hospitality industry.
What is the average cost per square foot for a restaurant in Appleton?
The average cost per square foot for a restaurant in Appleton is $136 USD per square feet, with an average size of 9,452 square feet and a largest size of 22,347 square feet among the 7 available listings.
What factors determine the value of a restaurant for sale in Appleton?
When evaluating the value of a restaurant for sale in Appleton, several key factors come into play, including:
- Location, with proximity to major attractions like the Fox Cities Performing Arts Center, Fox River Mall, and Neuroscience Group Field at Fox Cities Stadium, as well as accessibility to transportation hubs like the Appleton International Airport and Valley Transit bus network, impacting foot traffic and customer accessibility.
- Size and layout, with average restaurant sizes in Appleton ranging from 9,452 square feet to 22,347 square feet, and the ability to accommodate a certain number of patrons and staff influencing revenue potential.
- Financial performance, including the average cap rate of 15.76% and the average price per square foot of $136 USD, which can indicate the restaurant's profitability and growth potential.
