Leasing Space in an Antique Mall
June 11, 2008 by Lovely · Leave a Comment
Leasing space in an antique and collectible mall is really quite simple and straight forward.
Most malls have contracts or leases. Mine, American Classics Marketplace in Colorado Springs, asks for a 4 month commitment at the start of the lease — and month to month with a 30 day notice after that. At $1.50 per sq. ft. and 10% commission on all sales, it’s very, very reasonable.
When you consider the credit card fees (some can be quite high - 7% or more), salaries for employees, building maintenance, utilities, advertising, insurance, etc., all those things that go into a brick and mortar store, I find it to be quite a deal.
