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Looking at Kansas or Missouri Restaurants for Sale? These states are the 35th and 19th most populous in the country. Home to Home on the Range and the classic The Wizard of Oz, Kansas could be home to your restaurant, too! Learn more about the Kansas and Missouri and browse restaurants for sale in these states to see which one is right for you.
If you are hoping to open a barbecue restaurant, then Kansas or Missouri are the place to be! While Missouri and Kansas are popular for their barbecue restaurants, but there's plenty of other types of cuisine available as well, including Italian—particularly something called Toasted Ravioli. You could bring your own twist to these Kansas and Missouri classics, buy a restaurant for sale with a totally new menu, or bring the stae more of what they love: Barbecue!
Economic Outlook
The economic outlook of Missouri is good—the state's GDP has been growing steadily since 2015. In 2019, Missouri's GDP was $304 billion. Kansas' economy is also doing well—in 2019, the state's GDP was $176 billion.
Kansas City, which spans both Missouri and Kansas, is home to nearly half-a-million people. The economic outlook for Missouri is good, with a GDP growth rate of 2%. The GDP growth rate for Kansas is even higher at 3%.
The last 10 years have brought incredible growth to Kansas. The commercial, residential, and hotel development segments have accounted for over $9 billion of growth the past decade. Purchasing Kansas Restaurants for Sale is a great way to tap into this thriving economy.
With a population of more than six million people and there is a strong customer base for Missouri restaurants for sale. On top of that, over 45 million people visit the state each year to see famous attractions like the Gateway Arch, Mark Twain house, and National World War I Museum and Memorial
Although there are only about 3 million people in Kansas, over 36 million people visit the state each year. In fact, Kansas City alone hosts more 25 million visitors each year. Visitors travel to see the state's natural beauty and dozens of landmarks like the Ball of Twine, Amelia Earhart Museum, rock formations, and more.
The Restaurant Industry in Kansas and Missouri
The restaurant industry in both Missouri and Kansas is doing well. In Missouri, the restaurant industry is expected to grow by 0.73% in 2020. In Kansas, the restaurant industry is expected to grow by 0.76%.
There are a few reasons for this growth. First, Missouri's population is expected to grow by 0.42% in 2020. This population growth will result in more customers for restaurants. Second, the average per capita disposable income in Missouri is expected to increase by 0.84% in 2020. This means that Missouri residents will have more disposable income to spend at your restaurant!
Take advantage of our free resources below and connect with a Certified Restaurant Broker® near you to learn more about Kansas | Missouri Restaurants for sale.
Ready to start browsing Kansas Restaurants for Sale? Save these resources to help you on your path to restaurant ownership!
Restaurant Financing and Access to Capital
Kansas Alcoholic Beverage Control
Starting a Restaurant – Visit the Kansas Secretary of State Website
Small Business Administration-Financial Programs to Buy a Restaurant
Restaurant Equipment and Restaurant Supplies
Save these resources for reference while you browse all our Missouri Restaurants for Sale:
Restaurant Financing and Access to Capital
Missouri Alcohol and Tobacco Control
Starting a Restaurant – Visit the Missouri Secretary of State Website
Small Business Administration-Financial Programs to Buy a Restaurant
Restaurant Equipment and Restaurant Supplies
Missouri Restaurant Association
Are you looking to buy a restaurant? If so, you're in luck! In this article, we will outline the complete process in nine steps that will help make the process easier.
Tony Miceli is the franchisee for the Kansas City market. He is a licensed real estate agent in both Missouri and Kansas. He has over 30 years experience in the restaurant and food industry.
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Quick info:How to Buy a Restaurant: The 9 Steps from Inquiry to ClosingSee More
Tony Miceli, Certified Restaurant Broker®See More
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