Evidence-Based Analysis

Best Restaurant Location in Cleveland

For restaurants in Cleveland, the $255,000 average investment operates against $20/sqft rent and moderate market saturation, with 18% industry success benchmarks.

Capital requirements for Cleveland: $255K startup facing $50K earning households at 5.1x leverage.

67/100 opportunity score
2,088,000 metro residents
$50,000 average income
20/100 launch timing score
Cautious - High Preparation
Talk to Analyst
372K
Local Population
$50K
Earning Power
Moderate
Business Saturation
5
Industry Presence
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Cleveland, United States

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Foot traffic data
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Competitor Locations
Opportunity Zones
High Traffic Areas
2,088,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis

How Cleveland Scores for Restaurants

Market nuances specific to Cleveland's demographics

67 / 100

Market Opportunity

Based on 7 comprehensive market factors

Balanced Potential

Financial Overview

Average Startup Cost
$255,000
Industry Success Rate
18%
Expected ROI Timeline
18-36 months
Customer Draw Radius
800m
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Unique Market Intelligence

Why Cleveland for Restaurant?

in-depth location evaluation

Market Position

Cleveland positioning

Capital requirements for Cleveland: $255K startup facing $50K earning households at 5.1x leverage.

Operating in Cleveland: $20/sqft rent, 68-point foot traffic, $20,000/mo baseline for 1K sqft unit.

Market scale: 2.1M population × $50K income = $104B consumer spending power.

Market dynamics: moderate saturation, moderate expansion, 5.1x capital requirement.

Viability assessment: 5.1x capital needs, 68/100 exposure, $20/sqft overhead yields 52/100 score.

Primary sectors (Healthcare, Manufacturing) power the $50K household base.

Market growing at 2.5% annually. Moderate competitive environment. Stable outlook.

$255K startup. 61 local income-months to break even.

Competitive Position

National ranking for restaurants

Score: 67.2/100. 2.1M people. $50K income.

Restaurant costs $255K to open. Income ratio: 0.20x.

Traffic: 68. Rent: $20/sqft. Income: $50K.

Moderate growth. Moderate competition. Score: 67.2.

2.1M metro. $20/sqft rent. 68 foot traffic.

$255K startup. $20,000/mo rent. 61 income-months to recoup.

Score 67.2. Average conditions. Execution decides success.

$104.4B total income across 2.1M people.

Strategic Recommendations

Actionable strategies tailored for Cleveland

Moderate growth. Moderate competition. Plan accordingly.

Traffic: 68. Rent: $20/sqft. $20,000/mo for 1000 sqft.

$50K income. Standard pricing. Test and adjust.

Restaurant: $255K to open. 61 income-months to recoup.

Traffic 68. Balanced. Mix storefront and digital.

2.1M metro. $50K income. 2-3 locations possible.

$240,000/yr rent. 480.0% of local income. Factor that in.

Moderate growth. Moderate competition. Execution decides success.

Launch Timing & Momentum

Align your opening window with market-ready signals

Entry Signal

Cautious - High Preparation

Current conditions in Cleveland favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.

Timing score: 20/100
  • ⚖️ Moderate competition - balanced market entry

Seasonal Levers

  • Holiday dining
  • Summer outdoor seating
  • Event catering opportunities
National Benchmarks

How Cleveland outperforms

calibrated to $50K demographics

At $50,000 per household, Cleveland exceeds typical markets ($40,492) by 23%, creating premium service demand.

Real estate at $20/sqft puts Cleveland 39% below market norms ($33/sqft).

A 68/100 foot traffic index places Cleveland 14% below the 79/100 national median, requiring destination-draw strategies.

With 2.1M metro residents, Cleveland falls below the 3.8M benchmark by 46%.

Restaurant Market Analysis for Cleveland

Why Cleveland for Restaurants?

  • Metro population of 2,088,000 provides large customer base
  • Average income of $50,000 supports restaurant spending
  • Moderate business density indicates healthy economic activity
  • Strong foot traffic opportunities throughout the city
  • Strong demographics opportunities throughout the city

Restaurant Success Factors

Foot traffic
Essential
Demographics
Essential
Competition density
Essential
Parking availability
Essential
Visibility
Essential
Local cuisine preferences
Essential

Seasonal Considerations for Cleveland

Holiday dining

Summer outdoor seating

Event catering opportunities

Where to Set Up in Cleveland

Commercial corridors serving $50K earners

Downtown Cleveland

High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base

Business District

Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities

Suburban Areas

Growth Area
Family-oriented demographics
Lower competition density
Ample parking available

Cleveland vs Other United States Cities for Restaurants

City Population Avg Income Market Score Action
Cleveland ⭐ 2,088,000 $50,000
67/100
Current City
Atlanta 6,307,000 $71,000
90/100
Explore →
Plano 7,760,000 $102,000
90/100
View data →
Frisco 7,760,000 $127,000
88/100
Compare →
Fort Lauderdale 6,166,000 $73,000
87/100
Check it →
Market Signals

Restaurant Insights Unique to Cleveland

Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.

01

Compared to Atlanta, Cleveland scores -24 points higher—explaining the real estate premium.

02

Market fundamentals place Cleveland at 67/100 for restaurants: $50,000 average wages meet 68/100 pedestrian density.

03

Market growing at 2.5% annually. Moderate competitive environment. Stable outlook.

04

$255K startup. $20,000/mo rent. 61 income-months to recoup.

05

In Cleveland, Local cuisine preferences becomes the tiebreaker.

FAQ

Restaurant FAQs for Cleveland

Each answer references real Cleveland data so this section is unique across the site.

What playbook works best for restaurants in Cleveland?

$240,000/yr rent. 480.0% of local income. Factor that in.

What makes the Cleveland market distinctive?

Market growing at 2.5% annually. Moderate competitive environment. Stable outlook.

What operational lever matters most for restaurants in Cleveland?

Local cuisine preferences should lead your playbook when launching in Cleveland.

How does Cleveland compare to other restaurant markets?

Benchmarked against Atlanta, Cleveland delivers -24 additional opportunity points—driven by superior market conditions.

Data Sources & Methodology

Our analysis combines multiple authoritative data sources

Economic Data

  • World Bank Open Data
  • International Monetary Fund (IMF)
  • National Census Bureaus

Business Intelligence

  • Ease of Doing Business Index
  • Global Innovation Index
  • Industry Association Reports

Demographics

  • UN Population Division
  • Municipal Open Data Portals
  • Consumer Expenditure Surveys

Real Estate

  • Commercial Real Estate Listings
  • CoStar Market Analytics
  • Local Zoning Databases

Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.

Ready to Open Your Restaurant in Cleveland?

Cautious - High Preparation with a 67/100 opportunity score, moderate competition, and a 68/100 foot traffic index. Current conditions in Cleveland favor waiting over rushing. Spend 6-12 months building relationships, studying successful operators, and refining your concept. Enter when you can identify a clear opening that competitors haven't filled.