(Very New and Interested) Am I missing something obvious here? Is it common for stated cash flows on restaurant space to exceed asking price...?
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[{"id": "dn7bvdu", "text": "Apologies for my inexperience (current student), but I've been looking at restaurant listings to get a feel for the market (ex: http://www.eatz-associates.com/listings/854-newly-built-out-sushi-restaura-chicago-illinois/). I'm seeing a lot of good space with nice, long leases in hip neighborhoods that are barely over 50k. Why so cheap? I know there are unattractive aspects of owning food service oriented spaces, but these prices seem highly unusual to me, especially since they seem to be considerably lower per square foot relative to space around them.", "replies": [], "depth": 1}, {"id": "dn7c2uk", "text": "Maybe franchise fees or the dude is about to lose his lease, or maybe he just forgot to put some zeros on the asking rate. This is a business, no real estate. A business will sell for a multiple. A commodity business like this is like a 5 or so normally, do 30k in ffe would be s sales price of 150k do something fishy for sure ", "replies": [], "depth": 1}]