Benefits Of Buying
Restaurant Space
There are a variety of high-traffic corridors in Columbus that offer compelling opportunities for restaurant ownership and investment. Whether you choose an established or emerging neighborhood, you’ll enjoy a variety of perks, such as foot traffic, complementary businesses and consistent demand.
Long-Term Appreciation
Restaurant properties are tied to location-driven demand, which supports visibility and parking. Those factors can help you optimize your investment and draw consistent foot traffic. You could enjoy property appreciation over time if the surrounding neighborhood continues to develop and diversify. Making capital investments will also help you increase your asset value.
Long-Term Appreciation
Long-Term Appreciation
Restaurant properties are tied to location-driven demand, which supports visibility and parking. Those factors can help you optimize your investment and draw consistent foot traffic. You could enjoy property appreciation over time if the surrounding neighborhood continues to develop and diversify. Making capital investments will also help you increase your asset value.
Operational Freedom
You have complete control over your investment, so you can customize your space to suit your operational needs. That freedom extends to build-outs, renovations and upgrades that can improve operational efficiency and long-term gains. If you own your restaurant space, you don’t have to contend with lease renegotiations and rent increases, allowing you to focus on your passion and develop your business.
Operational Freedom
Operational Freedom
You have complete control over your investment, so you can customize your space to suit your operational needs. That freedom extends to build-outs, renovations and upgrades that can improve operational efficiency and long-term gains. If you own your restaurant space, you don’t have to contend with lease renegotiations and rent increases, allowing you to focus on your passion and develop your business.
Resale Flexibility
As an investor, you can market restaurant space to owner-operators looking to break into a specific neighborhood at a premium. There are also opportunities to resell this type of commercial property as an income-producing asset for other investors or tenants. That flexibility reduces financial risk and improves property liquidity while appealing to a wider buyer pool.
Resale Flexibility
Resale Flexibility
As an investor, you can market restaurant space to owner-operators looking to break into a specific neighborhood at a premium. There are also opportunities to resell this type of commercial property as an income-producing asset for other investors or tenants. That flexibility reduces financial risk and improves property liquidity while appealing to a wider buyer pool.
Is Buying Restaurant Space
a Good Investment?
Buying or investing in restaurant property in Columbus can provide you with consistent demand and long-term growth opportunities. As Ohio’s capital, this city is one of the fastest-growing metro areas in the state, which offers a diverse pool of potential customers and buyers. There’s also a strong dining culture in the area that values local and regional concepts. You could reap the benefits of a fruitful investment that’s within walking distance of other major attractions and entertainment venues. The balance of relatively accessible purchase prices and strong growth potential makes Columbus restaurants competitive commercial investments.
Frequently Asked
Questions
Whether you’re looking for a quick answer for more extensive insight, we have answers to common questions about commercial real estate brokerage services.
What areas of Columbus are best for buying restaurant space?
The Short North, Arena District, Franklinton, German Village and Polaris are well-established dining areas. The neighborhood around The Ohio State University is also a popular culinary destination.
What costs are associated with buying restaurant space?
Purchase prices vary depending on the size and location of a property. You’ll also need to account for utilities, maintenance, permits, licenses, signage and inspections. DRK and Company can provide cost projections to help you find the right location for your eatery or bar.
Are there risks associated with investing in restaurant space?
Restaurants can operate on tight margins even if the market is strong. Buildouts for culinary applications can get expensive, especially if you’re working with an older building. It’s also important to be mindful of the submarkets to avoid trying to break into an overly saturated neighborhood.
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