Restaurants for sale in Plantation, Florida, offer a unique opportunity for investors to tap into the city's growing food scene. With a population of around 90,000 people, Plantation provides a diverse customer base for restaurants, from families to young professionals. Restaurants in Plantation can take many forms, from casual eateries to fine dining establishments, and can cater to a variety of cuisines and dietary preferences. The city's infrastructure, including major roads like Interstate 595 and University Drive, makes it easily accessible to customers from surrounding areas. Additionally, Plantation's amenities, such as Plantation Central Park and the Helen B. Hoffman Plantation Library, create a desirable atmosphere for diners. With companies like DHL and the University of Phoenix based in Plantation, there is a built-in customer base of employees and students looking for convenient and quality dining options. Overall, Plantation is an attractive location for restaurant owners and investors, with its unique blend of suburban charm and urban amenities.
Plantation's restaurant scene is just one aspect of the city's diverse economy, which also includes retail, education, and media. With 5 restaurants for sale, investors have a range of options to choose from. In addition to restaurants, Plantation is also home to 5 apartment buildings, 5 shopping centers, 5 specialty properties, and 5 hotels, offering a variety of investment opportunities. The city's location in Broward County, with its proximity to Fort Lauderdale and the Everglades, makes it an attractive destination for tourists and locals alike. With its unique blend of natural beauty, cultural attractions, and economic opportunities, Plantation is an ideal location for businesses and investors looking to establish a presence in South Florida.
What is the average cost per square foot for a restaurant in Plantation?
As of now, there are 5 available listings of restaurants for sale in Plantation, and the average cost per square foot for a restaurant in Plantation is $838 USD per square foot, with an average size of 8,517 square feet and a largest size of 31,538 square feet.
What factors determine the value of a restaurant for sale in Plantation?
The value of a restaurant for sale in Plantation is determined by a combination of factors, including:
- Location, with proximity to major transportation facilities like Interstate 595 and University Drive, as well as nearby amenities like Plantation Central Park and the Helen B. Hoffman Plantation Library, contributing to foot traffic and accessibility;
- The size and condition of the property, with an average size of 8,517 square feet and a largest size of 31,538 square feet, as well as the overall condition and needed renovations or upgrades;
- Financial performance, including the average cap rate of 5.5% and the average price per square foot of $838 USD, which can indicate the restaurant's profitability and potential for growth.
With 5 available listings of restaurants for sale in Plantation, understanding these factors is crucial for buyers and sellers to determine a fair market value.
