Originally Posted by
treebound
$5.42sq.ft., and the rentals for the whole season don't cover one month of rent.
What do the locals do in the off season?
How fresh are the 300 basement bikes?
I suspect you made a good decision.
I meant to say $4k per month in rentals.....
Originally Posted by
repechage
This rent reads like a deal made during the go go times prior to the great recession. Reads more to me like time to open a shop down the street.
The towns not big enough for 2 shops. I'm not going to name the town but the rents about right....
Originally Posted by
aixaix
$6500/mo x 12= $78000/1500sqft=$52/sqft. You'd have to sell one heck of a lot of bikes to cover that!
I worked it out as $78k/yr/5 month season = $17K month - $4k month in rentals = $13K/month of net profit during the season to cover the yearly rent.