Restaurants in Bowling Green, Kentucky, offer a unique investment opportunity for those looking to capitalize on the city's growing economy and diverse population. With a rich history dating back to 1798, Bowling Green has evolved into a hub for manufacturing, hosting companies like General Motors, Spalding, and Fruit of the Loom. The city's strong economy, supported by various industries and institutions, including Western Kentucky University, makes it an attractive location for restaurants. Bowling Green's amenities, infrastructure, and location make it an ideal place to invest in a restaurant, with attractions like the National Corvette Museum and E.A. Diddle Arena drawing visitors from across the region. The city's geography, situated at an elevation of 547 feet above sea level, also provides a unique setting for restaurants to thrive. With a population of approximately 70,000, Bowling Green offers a sizable customer base for restaurants. The city's economy is further boosted by its proximity to major highways, including Interstate 65, which connects Bowling Green to Louisville, Kentucky, and Nashville, Tennessee.
Currently, there are 5 restaurants for sale in Bowling Green, offering a range of investment opportunities. These restaurants vary in size, with the average size being 13,059 square feet and the largest being 38,823 square feet. The average price per square foot for these restaurants is $255 USD, and the average cap rate is 7%. In addition to restaurants, Bowling Green also offers investment opportunities in apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Bowling Green offer a stable source of income, with many properties located near Western Kentucky University. Shopping centers, such as those found along Interstate 65, provide a hub for retail activity, while specialty properties, like the National Corvette Museum, offer a unique investment opportunity. Hotels, such as those located near the Bowling Green-Warren County Regional Airport, cater to the city's growing tourism industry. Overall, Bowling Green's diverse economy and range of investment opportunities make it an attractive location for investors.
What is the average cost per square foot for a restaurant in Bowling Green?
The average cost per square foot for a restaurant in Bowling Green is $255 USD per square foot, with available listings totaling 5 and average sizes ranging from 13,059 square feet to 38,823 square feet.
What factors determine the value of a restaurant for sale in Bowling Green?
The value of a restaurant for sale in Bowling Green is determined by a combination of factors, including:
- the average price per square foot, currently at $255 USD, which is influenced by the city's strong economy supported by various industries and institutions;
- the size of the restaurant, with an average size of 13,059 square feet and a largest size of 38,823 square feet, which affects operational costs and revenue potential;
- the average cap rate, currently at 7%, which reflects the return on investment and is influenced by the local market conditions and the restaurant's financial performance.
