Hi, I am trying to research and get into outdoor billboard industry now.
I talked with 6 billboard sellers nationwide.
I see that some of the billboard in Atlanta cost about $120,000 makes around $3,500 per month / $160,000 makes around $5,000 per month and 25% of the income goes to ground owner instead of ground lease fee or permit fee for year.
I also saw the other one in California near Venice cost about $55,000 and makes around $2,500 in slow season and $7,000 in peak season. Ground lease fee is $2,200 per annually and around $200 for permit of the billboard from the state?
I know that billboard income , cost and expense can be totally different from place to place..
However, what I really want to know is that if I am willing to invest $120,000 or $160,000 or $200,000,
what is expectation of net income from that if I do the right job to get the right billboard?
What is minimum net income of those 3 and what is the maximum net income of those 3?
I really want to get an idea of this.