Livermore, California, is an attractive location for investors looking to purchase a restaurant, with its unique blend of scientific research, national security, and high-tech business development. Restaurants in Livermore offer a diverse range of investment opportunities, from fine dining establishments to casual eateries, catering to the city's growing population of around 90,000 residents. The city's amenities, such as the Lawrence Livermore National Laboratory and Sandia National Laboratories, attract a highly educated workforce, while its infrastructure, including Interstate 580 and the Livermore Municipal Airport, provide easy access to the San Francisco Bay Area and beyond. Additionally, Livermore's Mediterranean climate and scenic views of the Diablo Range make it an attractive destination for tourists and locals alike. The city's downtown area is also undergoing redevelopment, with new shops, restaurants, and cultural attractions emerging. Notable companies, such as Wente Vineyards and Concannon Vineyard, contribute to the city's reputation as a wine-producing region, making Livermore an excellent location for restaurants to capitalize on the local wine industry.
Currently, there are 1 restaurants for sale in Livermore, offering a range of investment opportunities. The average price per square foot for these restaurants is $804 USD, with an average size of 4,230 square feet. The largest restaurant available is 4,230 square feet. In addition to restaurants, Livermore also offers investment opportunities in apartment buildings, with many complexes located near the city's major employers and amenities. Shopping centers, such as the Livermore Premium Outlets, provide another investment option, with a mix of national retailers and local businesses. Specialty properties, including the i-GATE NEST campus, offer unique investment opportunities in the city's growing tech industry. Hotels, such as the Hilton Garden Inn Livermore, cater to the city's business travelers and tourists, providing another investment option. Overall, Livermore'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 Livermore?
The average cost per square foot for a restaurant in Livermore is $804 USD per square foot, with an average size of 4,230 square feet and a largest size of 4,230 square feet, among the 1 available listings.
What factors determine the value of a restaurant for sale in Livermore?
When evaluating the value of a restaurant for sale in Livermore, several key factors come into play, including:
- Location, with proximity to major employers like Lawrence Livermore National Laboratory and Sandia National Laboratories, as well as accessibility to Interstate 580 and Highway 84, impacting foot traffic and customer base;
- Size and layout, with an average size of 4,230 square feet and a maximum size of 4,230 square feet, influencing seating capacity, kitchen efficiency, and overall operational costs;
- Financial performance, including the average cap rate of and average price per square foot of $804 USD, which can indicate the restaurant's profitability and potential for growth.
