Quote:
Originally Posted by jyl
The info we have so far, which we’ll check before counting on:
- 2019 gross revenue $180,000
- Operating costs $10K/mo (including manager). Believe that includes prop tax, but not capital needs.
- Costs when property not operating $3K/mo (insurance, prop tax, base utilities, one part time employee)
I am not sure why the non profit is unable to retain the property. But it’s been shut down for 6 mo and its not part of their core mission.
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Did it shut down due to Covid-19? Now that gatherings are basically not happening may be the reason for the stall in revenue. If that's the case your NA will be in the same boat.
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Henri
Owned for 21 years: '87 Carrera coupe Venetian blue
Last edited by Hendog; 09-10-2020 at 03:24 PM..
Reason: Added sentence
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