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Currently valued at $275,000 (much
less than the original cost and upgrades)
Original cost of land and buildings
plus upgrades is over
$390,000
Paid $200,000 for the Building in 2000
Put $150,000
into the interior. Restaurant, hair salon and two offices.
Added rear entrance $3,000 in 2010
Warehouse
building - Storage only.
Outside awning and windows = $10,000
Air
conditioner unit = $20,000
On
the outside - Insulated both warehouse and restaurant buildings $27,000
Claude, the owner,
has no debt and operates as he pleases.
The restaurant currently runs
in the daytime but that is not the best use of the location.
An ethnic
restaurant would be welcomed in the area.
Lunch, dinner, late night
and take-out should pay back the total price in less than 5 years.
Trading area of approximately 8,000
people.
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$200,000 |
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