Savannah, Georgia, is a historic city that offers a unique blend of charm and opportunity for restaurateurs. With 8 restaurants for sale, Savannah presents an attractive investment opportunity for those looking to capitalize on the city's rich history, cultural attractions, and growing tourism industry. Restaurants in Savannah can take many forms, from casual eateries to fine dining establishments, and can cater to a diverse range of customers, including locals, tourists, and students from nearby universities such as Georgia Southern University-Armstrong Campus, Savannah College of Art and Design (SCAD), and Savannah State University. Savannah's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. The city's historic district, with its cobblestone streets and picturesque parks, provides a unique backdrop for restaurants, while its proximity to the Savannah River and the Atlantic Ocean offers opportunities for waterfront dining and entertainment. Additionally, Savannah's strong economy, driven by industries such as agriculture, shipping, and aerospace, ensures a steady stream of customers. The city's many attractions, including the Savannah Book Festival, the Flannery O'Connor Childhood Home museum, and the Savannah Music Festival, also draw visitors from across the country, providing a potential customer base for restaurants.
Savannah's restaurant scene is diverse and eclectic, with options ranging from seafood to Southern cuisine. The city's many neighborhoods, including the Landmark Historic District, Victorian District, and Midtown, offer a range of opportunities for restaurateurs. In addition to restaurants, Savannah is also home to a variety of other property types, including apartment buildings, shopping centers, specialty properties, and hotels. Apartment buildings in Savannah offer a range of options for residents, from historic buildings to modern complexes. Shopping centers in the city provide a convenient location for retailers, while specialty properties, such as office buildings and warehouses, cater to the needs of businesses. Hotels in Savannah, including boutique hotels and chain establishments, offer accommodations for visitors and tourists. Overall, Savannah's unique blend of history, culture, and opportunity makes it an attractive location for restaurateurs and investors alike.
What is the average cost per square foot for a restaurant in Savannah?
The average cost per square foot for a restaurant in Savannah is $613 USD per square foot, with an average size of 6,397 square feet and a largest size of 14,100 square feet, among the 8 available listings of restaurants for sale in the city.
What factors determine the value of a restaurant for sale in Savannah?
The value of a restaurant for sale in Savannah is determined by a combination of factors, including:
- Location, with proximity to popular tourist areas, such as the Landmark Historic District, and accessibility to major transportation hubs, like Savannah/Hilton Head International Airport, playing a significant role;
- Financial performance, including the restaurant's average annual sales, profit margins, and cash flow, which can impact its attractiveness to potential buyers;
- Physical characteristics, such as the size of the restaurant in square feet, with an average size of 6,397 square feet, and the condition of the property, including any necessary renovations or upgrades.
