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3 July 2018 | 3 replies
A family member has a restaurant that she is selling to a builder.
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14 June 2014 | 21 replies
There are still plenty of dollar stores or restaurants in that range for cash.The dollar stores typically are around a 9 cap but stay flat for the primary term (10 years).Restaurants are typically a 20 year primary term lease with a starting cap or 7 to 9 depending on if you are dealing with the parent company or a franchisee.Rent bumps go up 1.5% to 2.75% a year on most of them.Lenders want 25% down typically on a restaurant.So an Applebees for instance would be priced at from 1.8 million to 3.2 million depending on the location.So at 25% down at 1.8 you are talking 450,000 down to purchase .Pharmacies you can get in with as little as 5% non-recourse down but are mainly not buying for yield but for holding an annuity for retirement.Now there are some great pharmacies with a few years left but would have to be taken down with mostly cash.The pharmacy will likely renew but if they do not you can re-rent.You just have to figure out what the second generational tenant will pay per sq ft for that location and who the likely target is.
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4 June 2008 | 2 replies
I have a professional looking card that I use when meeting with sellers and I have an "ugly" we buy houses type card that I leave at gas stations, restaurants, etc.
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9 April 2015 | 11 replies
I also work part-time as a restaurant management consultant and will be graduating from Cal State University, Fullerton next year with my B.A. in Professional Business Administration.
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17 April 2013 | 10 replies
The first one must suggest a bar or restaurant there we get a good beer or something else.
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15 November 2005 | 3 replies
I am a supervisor at UPS and I valet (laugh but the restaurant/club/bar I work at is a gold mine) and work 7 days a week.
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25 October 2014 | 4 replies
My suggestion to you is to buy something as close to metro/shops/restaurants as you can afford.
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29 June 2022 | 3 replies
This strategy also allows investors to gain access to world class amenities like elaborate pools, spas, beach access, top tier bars and restaurants, and luxuriously decorated grounds and common areas.
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14 December 2023 | 6 replies
However, ADP reported a loss of 7,000 jobs, saying, “Restaurants and hotels were the biggest job creators during the post-pandemic recovery.
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24 May 2022 | 1 reply
Greetings,I'm was looking for a condo and came across a double unit under a single parcel with the ground floor unit leased to a non franchised restaurant.