Minneapolis, a city known for its abundance of lakes and water resources, offers a unique opportunity for investors to tap into the restaurant industry. With a population of approximately 430,000, Minneapolis provides a diverse customer base for restaurants, from students at the University of Minnesota to professionals working at major corporations like Target Corporation and U.S. Bancorp. Restaurants in Minneapolis can cater to a wide range of tastes and preferences, from casual diners to fine dining establishments. The city's infrastructure, including Xcel Energy for electricity supply and CenterPoint Energy for gas supply, supports the growth of restaurants. Additionally, Minneapolis's location on the Mississippi River and its extensive network of on-street protected bikeways, bike lanes, and off-street bikeways and trails make it an attractive destination for tourists and locals alike. The city's arts institutions, sports teams, and educational institutions like the University of Minnesota also contribute to its appeal. Overall, Minneapolis is a great place to invest in a restaurant, with its unique blend of natural beauty, cultural attractions, and economic opportunities.
Minneapolis is home to 15 restaurants for sale, offering a range of options for investors. From casual eateries to fine dining establishments, restaurants in Minneapolis can cater to a diverse customer base. In addition to restaurants, Minneapolis also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, investors can explore opportunities in the North Loop neighborhood, known for its trendy bars and restaurants, or in the Uptown neighborhood, which features a mix of eclectic shops and eateries. With its strong economy and diverse range of industries, Minneapolis is an attractive destination for investors. The city's education institutions, including the University of Minnesota, also provide a steady stream of customers for restaurants and other businesses. Overall, Minneapolis offers a unique combination of natural beauty, cultural attractions, and economic opportunities, making it an attractive destination for investors.
What is the average cost per square foot for a restaurant in Minneapolis?
The average cost per square foot for a restaurant in Minneapolis is $290 USD per square foot, with an average size of 13,116 square feet and a largest size of 58,479 square feet, making it an attractive option for entrepreneurs looking to establish a presence in this city of lakes.
What factors determine the value of a restaurant for sale in Minneapolis?
The value of a restaurant for sale in Minneapolis is determined by a combination of factors, including:
- Location, with proximity to popular attractions, public transportation, and high-traffic areas increasing value;
- Size and layout, with larger restaurants in prime locations commanding higher prices, such as those with 13,116 square feet;
- Financial performance, including average annual sales, profit margins, and cash flow, which can impact the overall value of the restaurant, as well as the average cap rate of 6.18%.
