Basement remodeling Chicago IL – (773) 696-5266

General Article



Basement remodeling Chicago IL – (773) 696-5266 Welcome to the premier basement remodeling contractor in Chicago area. Our team of highly qualified …

sourceRead More

A Tale Of Home Improvement

General Article

A Tale Of Home Improvement

Once upon time, in a quiet village, stood a small bungalow, which suffered from neglect because its owners didn’t have any money to maintain it properly. A sign "for sale" had been standing in the front garden for a very long time, but nobody was interested since the bungalow was of very modern design, which was a sharp contrast to the rest of the historic village. Day after day the wood rotted away and nature slowly took over the garden, until only a complete make-over could help the bungalow to survive…

Posted by Flitshans on 2013-05-04 19:38:43

Tagged: , Home Improvement , bungalow … Read More

A Complete Guide For Restaurant Real Estate Investments

General Article

Restaurants are a favorite commercial property for many investors because:

  1. Tenants often sign a very long term, eg 20 years absolute triple net (NNN) leases. This means, besides the rent, tenants also pay for property taxes, insurance and all maintenance expenses. The only thing the investor has to pay is the mortgage, which in turn offers very predictable cash flow. There are either no or few landlord responsibilities because the tenant is responsible for maintenance. This allows the investor more time to do important thing in life, eg retire. All you do is take the rent check to the bank. This is one of the key benefits in investing in a restaurant or single-tenant property.
  2. Whether rich or poor, people need to eat. Americans are eating out more often as they are too busy to cook and cleanup the pots & pans afterwards which often is the worst part! According to the National Restaurant Association, the nation's restaurant industry currently involves 937,000 restaurants and is expected to reach $ 537 billion in sales in 2007, compared to just $ 322 billion in 1997 and $ 200 billion in 1987 (in current dollars). In 2006, for every dollar Americans spend on foods, 48 ​​cents were spent in restaurants. As long as there is civilization on earth, there will be restaurants and the investor will feel comfortable that the property is always in high demand.
  3. You know your tenants will take very good care of your property because it's in their best interest to do so. Few customers, if any, want to go to a restaurant that has a filthy bathroom and / or trash in the parking lot.

However, restaurants are not created equal, from an investment perspective.

Franchised versus Independent

One often answers that 9 out of 10 new restaurants will fail in the first year; However, this is just an urban myth as there are no comprehensive studies on this. There is only a study by Associate Professor of Hospitality, Dr. HG Parsa of Ohio State University who tracked new restaurants located in the city Columbus, Ohio during the period from 1996 to 1999 ( Note : you should not draw the conclusion that the results are the same everywhere else in the US or during any other time periods .) Parsa observed that seafood restaurants were the safest ventures and that Mexican restaurants experience the highest rate of failure in Columbus, OH. His study also found 26% of new restaurants closed in the first year in Columbus, OH during 1996 to 1999. Economic economic failure, the reasons for restaurants closing inclusion divorce, poor health, and unwillingness to commit immense time toward operation of the business. Based on this study, it may be safe to predict that the longer the restaurant has been in business, the more likely it will be operating the following year so that the landlord will continue to receive the rent.

For franchised restaurants, a franchisee has to have a certain minimum amount of non-borrowed … Read More

Robert Rickel, Co-Founder Of Home-Improvement Chain, Dies At 90

General Article



Robert Rickel, who along with two brothers founded a chain of New Jersey home improvement stores that were precursors to retail giants like Home Depot and …

sourceRead More

Malibu home

General Article

Malibu home

Home interior in Malibu

Posted by federicojanni on 2014-07-15 14:46:56

Tagged: , malibu , home , interior … Read More