Georgetown, Texas, is a city with a rich history and a strong economy, making it an attractive location for investors looking to purchase a restaurant. With a population of approximately 70,000, Georgetown offers a diverse customer base for restaurants, from students at Southwestern University to families and professionals. Restaurants in Georgetown can cater to a range of tastes and preferences, from traditional Texas cuisine to international flavors. The city's historic central business district, with its Victorian architecture, provides a charming backdrop for restaurants, while the nearby Lake Georgetown and Blue Hole Park offer opportunities for outdoor dining and recreation. Additionally, Georgetown's economy is supported by major employers such as Williamson County Government and St. David's Georgetown Hospital, ensuring a steady stream of customers. With its unique blend of history, culture, and natural beauty, Georgetown is an excellent location for restaurants, offering a unique dining experience that sets it apart from other cities.
Currently, there are 2 restaurants for sale in Georgetown, offering a range of investment opportunities. These restaurants vary in size, from 4,292 square feet to 5,092 square feet, and in price, with an average price per square foot of $798 USD. The average cap rate for restaurants in Georgetown is 3.85%. In addition to restaurants, Georgetown also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, apartment buildings in Georgetown offer a range of amenities, including proximity to Southwestern University and the historic central business district. Shopping centers in Georgetown, such as the Wolf Ranch Town Center, provide a range of retail and dining options. Specialty properties, like the Georgetown Municipal Airport, offer unique investment opportunities. Hotels in Georgetown, such as the Sheraton Georgetown Texas Hotel & Conference Center, cater to the city's growing tourism industry. With its diverse economy and range of investment opportunities, Georgetown is 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 Georgetown?
The average cost per square foot for a restaurant in Georgetown is $798 USD per square foot, with an average size of 4,692 square feet and a largest size available of 5,092 square feet, making it an attractive option for restaurateurs looking to establish a presence in this charming city.
What factors determine the value of a restaurant for sale in Georgetown?
When evaluating the value of a restaurant for sale in Georgetown, several key factors come into play, including:
- Location, with proximity to major attractions like the historic central business district, Southwestern University, and Lake Georgetown, as well as accessibility to Interstate Highway 35, significantly impacting foot traffic and customer base;
- The average price per square foot, currently at $798 USD, and the average size of restaurants for sale, at 4,692 square feet, with the largest available space being 5,092 square feet;
- The average cap rate, currently at 3.85%, which can influence the restaurant's potential for return on investment, as well as the overall demand for restaurants in Georgetown, with 2 available listings.
