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Updated over 7 years ago on . Most recent reply

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49
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John Mainwaring
  • Richland Center, WI
16
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49
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Commercial range or "professional" model

John Mainwaring
  • Richland Center, WI
Posted
Thoughts on placing a true commercial range in a very unique property. I have two friends that went this route and the quality and capabilities are top notch. The range in question would be a Comstock Castle with a flat-top/burner combination. My next choice is to go with a well maintained AGA. I'm hoping that this property will attract a high rent, long term tenant, although it pencils out nicely as a VRBO as plan B. If that ends up being too much work then we will sell it and move on to the next opportunity.

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3,286
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
3,788
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3,286
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

John Mainwaring You're really narrowing your "idea tenant" population to either chefs or short-order cooks. There are homes here in San Diego for $2M+ where they don't bother with WOLF, Sub-Zero, etc. I don't quite understand that but I think it illustrates how you don't get a defined ROI even in expensive properties. And the benefit for developers who do go for WOLF-ish brands is that everyone knows those brands. Maybe your commercial brand is better, more expensive, etc. but that doesn't matter if me (as a buyer) hasn't heard of it. Then it's just "different" rather than connoting "high quality". As an aside, there are plenty of lines like GE Profile that try to have a professional look but are still 1/2 the price of Viking, WOLF, Sub-Zero, etc. Odds are that could be your sweet-spot.

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