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With 2024 now underway, the restaurant real estate market is displaying an intriguing array of opportunities for aspiring and experienced restaurateurs alike. Last month's top 10 restaurant listings showcases a diverse blend of culinary ventures, from bustling urban locales to cozy neighborhood spots. Each listing presents its unique charm, whether it's a multi-unit franchise in the heart of Orlando or a quaint café in Deerfield Beach. In this roundup, we delve into the specifics of these top picks, revealing trends in location, type, size, and price, offering insights into the current state of the restaurant market as we step into 2024.
The list of Top 10 Best Restaurants for Sale is based on real buyer traffic to these listings. We Sell Restaurants ranks the restaurants for sale by how many buyers acknowledged confidentiality on each listing. Check out the table below to see which restaurants caught the most attention at the close of 2023:
Leading the pack is the listing with its impressive $3.5 million in sales and four franchised units. Its varied lease expirations and reasonable monthly rents for the size of the spaces make it a lucrative investment, especially in the thriving Orlando market.
The pizzeria and Italian restaurant in Delray Beach stands out for its specialized cuisine and modest price of $75,000. With a medium-sized outdoor area and an interior of 1900 sq. ft., this establishment offers a cozy dining experience in a popular tourist destination.
This large, 2nd generation restaurant in North Austin is notable for its vast 3800 sq. ft. space and a 24 ft hood, ideal for high-volume cooking. Priced at $120,000 with a lease through March 2024, it's a great opportunity for a sizable operation.
Located in Pembroke Pines, this restaurant is highlighted for its excellent location and build-out, priced at $125,000. With an inside space of 1954 sq. ft. and a lease expiring in 2028, it's a promising venue for long-term growth.
This Austin-based 2nd generation restaurant with a drive-thru offers a significant opportunity at $80,000. The medium outdoor space and a comfortable inside area of 1600 sq. ft., combined with a lease through May 2025, make it an attractive investment.
The large restaurant in Palm Coast, featuring an outdoor stage and bar, is an exceptional deal at $55,000. Its extensive 5000 sq. ft. interior and large outdoor area, along with a lease until 2026, present a unique opportunity for an entertainment-focused dining experience.
This popular Mexican restaurant and bar in Cobb County, priced at $99,000, offers flexibility to keep or convert the concept. Its moderate size of 1500 sq. ft. and medium outdoor area, coupled with a lease expiring in 2025, make it a versatile option in a suburban setting.
The hookah lounge and bar in Cobb County, priced at $65,000, made the list for its unique concept and affordable rent. With an inside space of 1200 sq. ft. and a lease until June 2024, it's a niche opportunity in a strong market.
This restaurant, located in a busy shopping center in Charlotte and priced at $49,000, is an ideal entry-level investment. The one-year lease and manageable size of 1436 sq. ft. make it suitable for a dynamic, high-traffic operation.
The café in Deerfield Beach, known for its lunch and breakfast offerings and earning $166K, is a standout at $150,000. Its compact size of 1000 sq. ft. and lease expiration in 2028 make it an attractive opportunity for buyers looking in this market. |
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The December 2023 roundup of the top 10 restaurants for sale offers a glimpse into the dynamic landscape of the restaurant market. The prevalence of listings in Florida highlights the region's robust and thriving dining scene for buyers and sellers alike. Moreover, the diversity in types of restaurants available - ranging from franchise opportunities to unique eateries like pizzerias and hookah lounges - caters to a wide array of culinary passions. The variability in size and price of these establishments opens doors for both new entrants and seasoned players in the restaurant industry.
For those inspired to explore these opportunities further, browse all restaurants for sale near you to explore a wealth of options online today.
Wondering what your restaurant might be worth in 2024? Schedule your FREE restaurant evaluation call here.
