Oklahoma City, Oklahoma, is a prime location for investing in restaurants, with a strong economy driven by industries such as oil, natural gas, and related sectors. With a significant population of around 640,000 people, Oklahoma City offers a diverse range of customers for restaurants to cater to. Restaurants in Oklahoma City can represent a variety of investments, from casual eateries to fine dining establishments, and can appeal to different demographics and tastes. Oklahoma City's infrastructure, including major highways and airports, makes it an attractive location for restaurants, with easy access to suppliers and a large customer base. The city's amenities, such as health care facilities, parks, and recreational facilities, also contribute to its appeal. Additionally, Oklahoma City is home to several colleges and universities, providing a steady stream of potential customers. The city's attractions, including the Oklahoma City National Memorial, the National Cowboy & Western Heritage Museum, and the Oklahoma City Thunder, also draw visitors from across the region. With 40 restaurants for sale in Oklahoma City, there are plenty of opportunities to find the perfect investment.
Oklahoma City's restaurants benefit from the city's strong economy and diverse population. The city's major employers, including Chesapeake Energy, Devon Energy, and Love's Travel Stops & Country Stores, provide a steady stream of customers for restaurants. Additionally, the city's colleges and universities, such as Oklahoma City University and the University of Oklahoma, offer a built-in customer base. Oklahoma City's apartment buildings, shopping centers, and specialty properties also provide opportunities for restaurants to locate in high-traffic areas. Hotels, such as the Renaissance Oklahoma City Hotel and the Sheraton Oklahoma City Downtown Hotel, offer additional opportunities for restaurants to cater to visitors. With its strong economy, diverse population, and numerous amenities, Oklahoma City is an attractive location for investing in restaurants. Whether you're looking for a casual eatery or a fine dining establishment, Oklahoma City has something to offer.
What is the average cost per square foot for a restaurant in Oklahoma City?
The average cost per square foot for a restaurant in Oklahoma City is $372 USD per square feet, with an average size of 11,190 square feet and a largest size available of 98,000 square feet, among the 40 available listings.
What factors determine the value of a restaurant for sale in Oklahoma City?
The value of a restaurant for sale in Oklahoma City is determined by a combination of factors, including:
- Location, with proximity to major highways, airports, and transportation hubs, such as Interstate 35, Interstate 40, and Will Rogers World Airport, being a significant consideration;
- The size and condition of the property, with an average size of 11,190 square feet and an average price per square foot of $372 USD, as well as the overall condition and age of the building;
- Financial performance, including the restaurant's average cap rate of 6.81%, revenue, and profitability, as well as the number of available listings, currently 40.
