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11 February 2013 | 5 replies
Net annual cash flow, $575K. 91 mobile home sites, 36 RV sites, 16 rental cabins, boat rental and launch site, food and liquor sales, etc.
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15 November 2012 | 8 replies
The advice above only cost me $20k.....seriously..My original franchise docs had verbiage regarding food preparation...????
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6 March 2013 | 6 replies
Another motel might be good in that location, fast food, convenience store with fuel, Walgreen's, Rite Aid?
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22 September 2012 | 9 replies
Maybe they scale down and you release the portion they give up and create another space for a new tenant.Example if they have 5,000 sq ft they reduce to 3,000 and you release 2,000 to spread out the risk and it helps them reduce their rent owed while keeping the same sales.Also the HUGE problem with mom and pop restaurants is that they do NOT have fixed food contracts like the big boys do (chains and franchises).The big boys pay a certain price which helps with operations and controlling costs.A mom and pop has to order through a local food supplier.In the coming months certain types of food are going to rise substantially because of costs.The restaurant will not be able to pass on all the increases to the customers to keep the same profit.They can reduce the portion some but as soon as they mess with the quality consumers will go elsewhere and the business starts dying and goes out.
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5 October 2017 | 12 replies
If you keep people under 7 days there's a much higher propensity to go out to eat, bring food back with them, etc.
10 October 2017 | 6 replies
If it was obvious they were gone (no clothes, no food, just trash left behind), go ahead with cleaning it up and getting it ready to rent.
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26 December 2017 | 4 replies
I talked to Lamar.As for the property itself, I'm a big fan of picking up properties with great commercial potential but with current cash-flow to pay for it while I wait for it to realize it's potential.Really what you want on a parcel on a busy street is re-development to highest and best use, fast-food, hotel, strip-mall, etc.
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18 January 2018 | 7 replies
Example being Spouse 1 is a high earner, Spouse 2 works at a fast food place, and we need that Spouse 2 income to make it work.
13 December 2017 | 34 replies
Find the people who are doing the jobs you want to do and invite them out for food or drinks.
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2 October 2017 | 7 replies
That's just some food for thought.