01
In Richmond, Demographics becomes the tiebreaker because $58,000 income bands.
Advanced Site Intelligence
Best Restaurant Location in Richmond
Operating in Richmond means accessing 1.3M consumers with $58K spending power, navigating moderate business concentration, and capitalizing on the area's high trajectory.
Richmond restaurant economics: $255K investment, $58K target demographic, 4.4x cost-to-income.
74/100 opportunity score
1,330,000 metro residents
$58,000 average income
66/100 launch timing score
Good - Favorable Window
230K
Population Size
$58K
Per-Capita Income
Moderate
Business Density
5
Major Industries
Interactive Location Finder
Find the Best Restaurant Location in Richmond
Interactive map analysis for Richmond. Click any area to reveal foot traffic patterns, competitor density, and demographic insights for your restaurant.
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Restaurant Finder
Richmond, United States
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✓ Competitor map
✓ Foot traffic data
✓ Optimal zones
✓ Revenue estimate
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Competitor Locations
Opportunity Zones
High Traffic Areas
1,330,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
How Richmond Scores for Restaurants
Exclusive intelligence from Richmond's commercial zones
74
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Strong Candidate
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 Richmond for Restaurant?
quantitative site ranking
Market Position
Richmond positioning
Richmond restaurant economics: $255K investment, $58K target demographic, 4.4x cost-to-income.
Real estate: $26 per sqft, pedestrian index 71/100, projecting $26,000 monthly occupancy cost.
Consumer base of 1.3M at $58K average income drives a $77B economic opportunity.
Market dynamics: moderate saturation, high expansion, 4.4x capital requirement.
Success factors combine to 58/100: cost ratio 4.4x, traffic score 71, rent $26/sqft.
Local economy driven by Finance, Legal Services—households averaging $58K.
Baseline 2.5% expansion against moderate competition. Standard entry dynamics.
$255K startup. 53 local income-months to break even.
Competitive Position
National ranking for restaurants
Score: 74.65/100. 1.3M people. $58K income.
Restaurant costs $255K to open. Income ratio: 0.23x.
Traffic: 71. Rent: $26/sqft. Income: $58K.
High growth. Moderate competition. Score: 74.65.
1.3M metro. $26/sqft rent. 71 foot traffic.
$255K startup. $26,000/mo rent. 53 income-months to recoup.
Score 74.65. Average conditions. Execution decides success.
$77.1B total income across 1.3M people.
Strategic Recommendations
Actionable strategies tailored for Richmond
High growth. Moderate competition. Plan accordingly.
Traffic: 71. Rent: $26/sqft. $26,000/mo for 1000 sqft.
$58K income. Standard pricing. Test and adjust.
Restaurant: $255K to open. 53 income-months to recoup.
Traffic 71. Balanced. Mix storefront and digital.
1.3M metro. Focus on one location first.
$312,000/yr rent. 537.9% of local income. Factor that in.
High growth absorbs Moderate competition. Worth entering.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Good - Favorable Window
Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.
Timing score: 66/100
- 📈 High growth outlook - strong expansion timing
- ⚖️ Moderate competition - balanced market entry
- 🚶 Good foot traffic (71) - organic visibility
Seasonal Levers
- Holiday dining
- Summer outdoor seating
- Event catering opportunities
National Benchmarks
How Richmond outperforms
based on 71/100 traffic metrics
Richmond's $58,000 average income runs 43% above the $40,492 national benchmark, supporting premium pricing.
Richmond's $26/sqft lease rates undercut the $33/sqft benchmark by 20%.
Richmond's 71/100 walkability index runs 10% lower than typical (79/100).
Regional reach of 1.3M positions Richmond 65% below the 3.8M standard.
Restaurant Market Analysis for Richmond
Why Richmond for Restaurants?
- Metro population of 1,330,000 provides large customer base
- Average income of $58,000 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 Richmond
Holiday dining
Summer outdoor seating
Event catering opportunities
Where to Set Up in Richmond
Matching restaurant requirements to Richmond zones
Downtown Richmond
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
Richmond vs Other United States Cities for Restaurants
| City | Population | Avg Income | Market Score | Action |
|---|---|---|---|---|
| Richmond ⭐ | 1,330,000 | $58,000 |
|
Current City |
| Atlanta | 6,307,000 | $71,000 |
|
Explore → |
| Plano | 7,760,000 | $102,000 |
|
View data → |
| Frisco | 7,760,000 | $127,000 |
|
Compare → |
| Fort Lauderdale | 6,166,000 | $73,000 |
|
Check it → |
Market Signals
Restaurant Insights Unique to Richmond
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
Richmond outperforms Atlanta by -16 points on the opportunity index, highlighting why the city commands premium rents.
03
Richmond achieves 75/100 on restaurant viability metrics, leveraging $58,000 income levels and 71/100 foot flow.
04
Richmond restaurant economics: $255K investment, $58K target demographic, 4.4x cost-to-income.
05
High growth. Moderate competition. Score: 74.65.
FAQ
Restaurant FAQs for Richmond
Each answer references real Richmond data so this section is unique across the site.
How does Richmond compare to other restaurant markets?
Richmond outperforms Atlanta by -16 points on the opportunity index, highlighting why the city commands premium rents.
What playbook works best for restaurants in Richmond?
High growth. Moderate competition. Plan accordingly.
What makes the Richmond market distinctive?
Richmond restaurant economics: $255K investment, $58K target demographic, 4.4x cost-to-income.
What operational lever matters most for restaurants in Richmond?
Demographics should lead your playbook because $58,000 income bands when launching in Richmond.
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 Richmond?
Good - Favorable Window with a 74/100 opportunity score, moderate competition, and a 71/100 foot traffic index. Strong market conditions support entry. Develop detailed business plan and secure financing within next 3-6 months.