Ontario, California, is an attractive destination for investors seeking to capitalize on the city's growing economy and diverse industries. With a population of approximately 180,000, Ontario offers a unique blend of history, culture, and entertainment, making it an ideal location for restaurants. As a significant hub for freight traffic between the ports of Los Angeles and Long Beach, Ontario's restaurants can cater to a diverse clientele, including travelers, locals, and business professionals. The city's amenities, such as the Ontario International Airport, Ontario Mills shopping mall, and the Toyota Arena, provide a solid foundation for restaurants to thrive. Additionally, Ontario's educational institutions, including Chaffey College and the University of La Verne College of Law, contribute to a well-educated workforce, which can benefit restaurants in the area.
Ontario's restaurant scene is just one aspect of the city's diverse economy, which also includes tourism, arts and culture, sports, and transportation. With 7 restaurants for sale in Ontario, investors have a range of options to choose from. In addition to restaurants, Ontario also offers opportunities in other property types, such as apartment buildings, which can benefit from the city's growing population and proximity to major employment centers. Shopping centers, like the Ontario Mills mall, provide a hub for retail activity, while specialty properties, such as the Toyota Arena, offer unique opportunities for entertainment and events. Hotels, like the Ontario Airport Hotel, cater to travelers and business professionals, and can benefit from the city's transportation infrastructure. Overall, Ontario's diverse economy and range of property types make it an attractive destination for investors seeking to capitalize on the city's growth and development.
What is the average cost per square foot for a restaurant in Ontario?
The average cost per square foot for a restaurant in Ontario is $1,275 USD per square feet, with an average size of 3,406 square feet and a largest size of 8,000 square feet, among the 7 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Ontario?
The value of a restaurant for sale in Ontario is determined by several factors, including:
- Location, with proximity to major transportation hubs like the Ontario International Airport and freeways, as well as foot traffic and visibility in popular areas like the Ontario Mills shopping mall, contributing to a restaurant's desirability and potential revenue.
- The size and condition of the property, with average sizes ranging from 3,406 square feet to 8,000 square feet, and the overall condition of the building and equipment affecting the sale price.
- Financial performance, including the average cap rate of 9.28% and the overall profitability of the business, which can impact the sale price and attractiveness to potential buyers.
