The terms state there is a rent fee of 4% of sales up to $100,000 and 2.5% of sales over $100,000.
Monthly sales average $270,000. $250 Maintenance fee.
What is the average monthly rent plus maintenance fee?
($100,000)(0.04) = $4,000
($170,000)(0.025) = $4,250
Add the two amounts together = $4,000 + $4,250 = $8,250
Monthly rent averages $8,250 and the maintenance fee is $250 = $8,500/month.
