Investing in restaurants in Inglewood can be a lucrative venture, especially considering the city's strategic location near Los Angeles International Airport and its rich history dating back to Native American settlements and Spanish and Mexican eras. Restaurants in Inglewood represent a diverse range of investments, from casual eateries to fine dining establishments, each catering to the unique tastes and preferences of the local population. With amenities like the Curtis Tucker Health Center, Centinela Hospital Medical Center, and Hollywood Park, which is home to NFL Media, Inglewood offers an attractive environment for businesses to thrive. The city's geography, with its proximity to major roads like La Cienega Boulevard, Crenshaw Boulevard, and Hawthorne Boulevard, makes it an ideal location for restaurants to attract customers from surrounding areas. Additionally, Inglewood's recognition as an All-America City and its cultural influences over the years have contributed to its appeal as a great place to live, work, and visit, making it an attractive location for restaurants to establish themselves.
With 5 restaurants for sale in Inglewood, investors have a wide range of options to choose from. Inglewood's diverse neighborhoods, such as Morningside Park, Downtown Inglewood, and Inglewood Knolls, each offer unique characteristics that can attract different types of restaurants. Apart from restaurants, Inglewood also offers other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Inglewood can provide a steady stream of income, while shopping centers can offer a diverse range of retail opportunities. Specialty properties, such as those near the Kia Forum, can cater to specific business needs, and hotels can provide accommodations for visitors and tourists. Overall, Inglewood's diverse economy, rich history, and cultural attractions make it an attractive location for investors looking to establish a business.
What is the average cost per square foot for a restaurant in Inglewood?
The average cost per square foot for a restaurant in Inglewood is $696 USD per square foot, with available listings totaling 5 and average restaurant sizes ranging from 7,271 square feet to 13,740 square feet.
What factors determine the value of a restaurant for sale in Inglewood?
When evaluating the value of a restaurant for sale in Inglewood, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Los Angeles International Airport, the K Line, and C Line, as well as popular attractions like SoFi Stadium and Hollywood Park, being highly desirable;
- The restaurant's size, with an average size of 7,271 square feet, and a maximum size of 13,740 square feet, influencing its value;
- The restaurant's financial performance, including its average price per square foot of $696 USD and average cap rate of 6.14%, which can impact its overall value and attractiveness to potential buyers.
