North Port, Florida, is an attractive location for investors looking to purchase a restaurant, with its growing population of approximately 70,000 residents and a diverse demographic profile. Restaurants in North Port offer a range of investment opportunities, from casual eateries to fine dining establishments, catering to various tastes and preferences. The city's economy, driven by the presence of the Atlanta Braves' Spring Training facility, contributes to a steady stream of visitors and locals alike, creating a demand for quality dining options. North Port's infrastructure, including its police force, fire department, and waste management services, provides a stable environment for businesses to operate. The city's location, approximately 20 miles south of Sarasota and 40 miles north of Fort Myers, makes it an ideal spot for restaurants to attract customers from surrounding areas. With its warm climate and natural attractions, such as the Myakkahatchee Creek Environmental Park, North Port is an excellent choice for restaurants looking to capitalize on the city's growing popularity.
North Port's restaurant scene is complemented by other commercial properties, including apartment buildings, shopping centers, specialty properties, and hotels. The city's apartment buildings offer a range of housing options, from affordable to luxury, catering to various lifestyles and budgets. Shopping centers, such as the North Port Town Center, provide a hub for retail and dining activities, while specialty properties, like the North Port Art Center, contribute to the city's cultural landscape. Hotels, including the Hampton Inn & Suites North Port, cater to visitors and business travelers, offering convenient accommodations and amenities. With a total of 1 restaurants available for sale, investors have a range of options to choose from, with average prices per square foot of $1,360 USD and average sizes of 950 square feet. The largest restaurant available for sale is 950 square feet, offering ample space for a variety of dining concepts. The average cap rate for restaurants in North Port is 5%, making it an attractive investment opportunity for those looking to capitalize on the city's growing economy.
What is the average cost per square foot for a restaurant in North Port?
The average cost per square foot for a restaurant in North Port is $1,360 USD per square foot, with an average size of 950 square feet and a largest size of 950 square feet, making it an attractive option for entrepreneurs looking to establish a food business in this city.
What factors determine the value of a restaurant for sale in North Port?
When evaluating the value of a restaurant for sale in North Port, several key factors come into play, including:
- Location, with proximity to major transportation routes like Interstate 75 and U.S. Route 41, as well as local amenities like the North Port Art Center and Myakkahatchee Creek Environmental Park, influencing foot traffic and accessibility;
- The restaurant's size, with an average size of 950 square feet, and a maximum size of 950 square feet, impacting seating capacity, inventory storage, and overall operational efficiency;
- Financial performance, including the average cap rate of 5%, which affects the restaurant's profitability and desirability to potential buyers, as well as the average price per square foot of $1,360 USD, which influences the overall sale price.
