Mobile, Alabama is a prime location for investing in restaurants, with a rich cultural heritage and a strong economy. The city's historical significance, dating back to 1702, has created a unique blend of French Creole, Spanish, and African influences, making it an attractive destination for tourists and locals alike. With a population of around 190,000, Mobile offers a diverse range of amenities, infrastructure, and educational institutions, making it an ideal place to invest in a restaurant. The city is home to the University of South Alabama, Faulkner University, Spring Hill College, and the University of Mobile, among others, providing a steady stream of potential customers. Additionally, Mobile's location on the Gulf Coast, with its beautiful beaches and outdoor recreational activities, makes it a popular destination for tourists, further increasing the demand for restaurants.
With 10 restaurants for sale in Mobile, there are plenty of opportunities to find the perfect investment. Whether you're looking for a casual eatery, a fine dining establishment, or a quick-service restaurant, Mobile has a diverse range of options to choose from. The city's economy is driven by industries such as aerospace, steel, shipbuilding, retail, services, construction, medicine, and manufacturing, providing a strong foundation for businesses to thrive. In addition to restaurants, Mobile also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. The city's Wave Transit System, Port of Mobile, and Alabama State Port Authority provide excellent infrastructure for transportation and logistics, making it easy to get around and do business in Mobile. With its unique blend of history, culture, and economic opportunities, Mobile is an attractive destination for investors looking to capitalize on the restaurant industry.
What is the average cost per square foot for a restaurant in Mobile?
The average cost per square foot for a restaurant in Mobile is $527 USD per square foot, with an average size of 4,280 square feet and a largest size of 20,365 square feet, among the 10 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Mobile?
When evaluating the value of a restaurant for sale in Mobile, several key factors come into play, including:
- Location, with proximity to major transportation hubs like the Port of Mobile and Interstate 10, as well as foot traffic in popular areas like the Lower Dauphin Street Historic District, influencing the restaurant's visibility and accessibility.
- The size and condition of the property, with average sizes ranging from 4,280 square feet to 20,365 square feet, and the overall condition of the building and equipment impacting the restaurant's operational efficiency and appeal.
- Financial performance, including the restaurant's average cap rate of 6.72% and sales data, which can indicate the business's potential for growth and profitability.
