Sacramento, California, is a prime location for investing in restaurants, with a strong economy and a diverse population of around 500,000 residents. Restaurants in Sacramento offer a unique opportunity for entrepreneurs to capitalize on the city's cultural and economic importance, with institutions like California State University, Sacramento, and UC Davis driving foot traffic and supporting local businesses. The city's park system, which includes popular spots like Crocker Park and William Land Park, also provides an attractive backdrop for restaurants looking to cater to outdoor enthusiasts. Additionally, Sacramento's position as a major educational hub, with institutions like Sutter Health and UC Davis Medical Center, ensures a steady stream of professionals and students looking for convenient dining options.
With 24 restaurants for sale in Sacramento, investors have a wide range of options to choose from. From casual eateries to fine dining establishments, Sacramento's restaurant scene offers something for everyone. The city's infrastructure, including the Sacramento Municipal Utility District (SMUD) and the Sacramento-Yolo Port District, supports businesses of all sizes, while the Amtrak rail service and Sacramento International Airport provide easy access to the city. In addition to restaurants, Sacramento also offers a range of other investment opportunities, including apartment buildings, shopping centers, specialty properties, and hotels. For example, the city's many parks and recreational facilities make it an attractive location for apartment buildings, while its major transportation facilities, like the Sacramento Valley Rail Station, support shopping centers and specialty properties. Meanwhile, hotels in Sacramento can capitalize on the city's popularity as a tourist destination, with attractions like the California State Fair and the Sacramento Zoo drawing visitors from across the country.
What is the average cost per square foot for a restaurant in Sacramento?
The average cost per square foot for a restaurant in Sacramento is $527 USD per square foot, with available listings totaling 24 and average sizes ranging from 5,752 square feet to 17,200 square feet.
What factors determine the value of a restaurant for sale in Sacramento?
The value of a restaurant for sale in Sacramento is determined by a combination of factors, including:
- Location, with proximity to popular attractions, public transportation, and high foot traffic areas, such as Old Sacramento, Downtown Sacramento, and the California State Fair, increasing the restaurant's value.
- The restaurant's size, with larger spaces, such as those over 17,200 square feet, typically commanding higher prices due to their potential for increased seating and revenue.
- Financial performance, including the restaurant's average annual sales, profit margins, and cap rate, with higher-performing restaurants, such as those with an average cap rate of 6.68%, generally being more valuable.
