HauntWorld Home - Forums Home - Live Chat - Find Haunted Houses - Hauntworld Magazine - Haunted House Supplies - America's Best Haunts - Find Vendors
Haunted House News - Haunted Tradeshows - Join Hauntworld Facebook - Hauntworld Twitter - Advertise - Contact Us

Thread: Average price for a leased building?

Results 1 to 10 of 11

Hybrid View

  1. Default Average price for a leased building? 
    #1
    Join Date
    Feb 2009
    Posts
    40
    I was wondering what a average price for a leased building. The one I like is $2500 + 15% profits for a 45,000sf building that has fire system and sprinklers, ample electrical, one month setup and one month takedown. Also in a great location. Any advise would be great.
     

  2. Default  
    #2
    Join Date
    May 2007
    Location
    Columbia, SC
    Posts
    753
    Quote Originally Posted by hauntpro View Post
    I was wondering what a average price for a leased building. The one I like is $2500 + 15% profits for a 45,000sf building that has fire system and sprinklers, ample electrical, one month setup and one month takedown. Also in a great location. Any advise would be great.
    that is AMAZIN! Where are you located? Wish I could find that low around here for that amount of sq footage + sprinkled & fire system!
    O'Shawn McClendon
    Creative Chair -- Operator: Cayce-West Columbia Hall of Horrors

    One mans junk is another mans kick-ass new prop...

    http://www.hallofhorrors.com

    http://twitter.com/hallofhorrors

    http://cwchallofhorrors.blogspot.com

    http://www.youtube.com/hallofhorrors

    http://www.myspace.com/cwcjc_hallofhorrors
     

  3. Default  
    #3
    Join Date
    Jul 2010
    Location
    Hartford CT
    Posts
    771
    How do you keep them from finding a permanent buyer? Is that 2500 a mth?
     

  4. Default  
    #4
    Join Date
    Mar 2008
    Location
    Eastlake, Ohio
    Posts
    411
    Sounds like a killer deal to me.

    John
     

  5. Default  
    #5
    Join Date
    Aug 2003
    Location
    Las Vegas
    Posts
    901
    Everything depends upon the local market. Here you would be looking at 75 cents to a dollar a sq foot for a warehouse space, retail priced upon location so you're talking maybe $2+ a sq foot. 45,000 sq feet could $33,000 to over $90,000......a month!!!!

    One thing to consider is the clause of 15% of profits. Are they talking gross profit or actual (net) profit??
    Meaning if you charge $10 and get 10,000 people you have a gross profit of $100,000, 15% of that is $15,000. (gross profit)
    But if you take in $100,000 then minus out rent, power, advertising, manpower, insurance....etc. you may only have a net profit
    of $40,000. Now 15% of your net profit is $6,000.

    So make sure you are both talking apples to apples. Also check comparable properties in your area. Do you have enough time for tear down?
    How much does he charge if you exceed it? What are the utility costs for the building? Are there any other hidden fees such as CAM fees?
    Think of all the scenerios first and address them in writing.

    It sounds like you have a deal, just make sure you're protected.
    R&J Productions
    Las Vegas, NV
    www.LasVegasHaunts.com
     

  6. Default  
    #6
    Join Date
    Mar 2011
    Location
    Buffalo, NY & Scottsdale, AZ
    Posts
    108
    That's dirt cheap (especially if it's in a great location) considering we're still searching for a spot with around the same 30,000-45,000 sq ft, which are in awesome locations as well. However, the locations we're interested in range from $8K-15K per/mo. Negotiations are still in progress.
    District of the Dead, Buffalo's Newest & Most Frightening Haunted House!

    All that matters is knowing what you really want, and going after it.

    http://www.DistrictoftheDeadBuffalo.com
     

Thread Information
Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •