Broomfield, Colorado, offers a unique opportunity for investors to capitalize on the city's growing economy by purchasing a restaurant for sale. With a population of approximately 70,000 residents, Broomfield provides a diverse customer base for restaurants. Restaurants in Broomfield can represent a variety of investments, from casual eateries to fine dining establishments, catering to the city's diverse demographic makeup. The city's strong economy, fueled by major companies like Crocs, Vail Resorts, and Noodles & Company, contributes to a stable and growing market for restaurants. Additionally, Broomfield's amenities, such as the Paul Derda Recreation Center and the Flatiron Crossing Mall, attract visitors and locals alike, providing a steady stream of potential customers. The city's location, midway between downtown Denver and Boulder, also makes it an attractive spot for restaurants looking to capitalize on the area's growing population and tourist traffic.
Currently, there are 5 restaurants for sale in Broomfield, offering a range of options for investors. The average price per square foot for restaurants in Broomfield is $656 USD, with an average size of 5,857 square feet. The largest restaurant for sale in Broomfield is 8,921 square feet. In addition to restaurants, Broomfield also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Broomfield provide a stable source of income, while shopping centers offer a diverse range of retail spaces. Specialty properties, such as office buildings and warehouses, cater to the city's growing technology sector. Hotels in Broomfield, like the Omni Interlocken Hotel, offer a convenient location for travelers and business professionals. Overall, Broomfield's diverse economy and growing population make it an attractive location for investors looking to purchase a restaurant or other commercial property.
What is the average cost per square foot for a restaurant in Broomfield?
The average cost per square foot for a restaurant in Broomfield is $656 USD per square foot, with an average size of 5,857 square feet and a largest size of 8,921 square feet, among the 5 available listings.
What factors determine the value of a restaurant for sale in Broomfield?
When evaluating the value of a restaurant for sale in Broomfield, several key factors come into play, including:
- Location, with proximity to major highways like Interstate 25 and U.S. Highway 36, as well as accessibility to the Rocky Mountain Metropolitan Airport, being highly desirable;
- The size and condition of the property, with an average size of 5,857 square feet and a largest size of 8,921 square feet, influencing the overall value;
- The financial performance of the business, including the average cap rate of 6.97% and the average price per square foot of $656 USD, which can impact the sale price.
