Corona, California, is a prime location for investing in restaurants, with its strong economy and growing population of approximately 160,000 residents. Restaurants in Corona offer a unique opportunity for entrepreneurs to capitalize on the city's diverse demographics and industrial presence, hosting companies like Fender Musical Instruments Corporation, Monster Beverage Corporation, and Saleen. With its warm Mediterranean climate and mild winters, Corona attracts visitors and locals alike, making it an ideal spot for restaurants to thrive. The city's infrastructure, including the Metrolink commuter rail system and various bus lines, ensures easy accessibility for customers. Additionally, Corona's amenities, such as the Corona Regional Medical Center and Kaiser Permanente Corona, contribute to a high quality of life, making it an attractive location for restaurant owners and patrons.
With 2 restaurants for sale in Corona, investors have a range of options to choose from. From casual eateries to fine dining establishments, Corona's restaurants cater to a diverse range of tastes and preferences. In addition to restaurants, Corona also offers a variety of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Corona offer a stable source of income, while shopping centers provide a hub for local commerce. Specialty properties, such as those near the Cresta Verde Golf Course, offer a unique opportunity for entrepreneurs to capitalize on the city's recreational attractions. Hotels in Corona, meanwhile, cater to the city's growing tourism industry, with attractions like the Historic South Main Street Palms District drawing visitors from across the region. Overall, Corona presents a compelling case for investors looking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Corona?
The average cost per square foot for a restaurant in Corona is $420 USD per square feet, with an average size of 8,498 square feet and a largest size of 9,147 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this city of around 160,000 residents, with its diverse economy, warm Mediterranean climate, and convenient transportation infrastructure.
What factors determine the value of a restaurant for sale in Corona?
When evaluating the value of a restaurant for sale in Corona, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the 91/Perris Valley Line and Inland Empire–Orange County Line, and accessibility to main roads like N Main St, SR 91, and I-15, playing a significant role in determining foot traffic and customer accessibility;
- The size and layout of the restaurant, with an average size of 8,498 square feet and a maximum size of 9,147 square feet, influencing the seating capacity, kitchen space, and overall operational efficiency;
- The financial performance of the restaurant, including the average price per square foot of $420 USD and an average cap rate of 3.9%, which can impact the restaurant's profitability and desirability to potential buyers.
