Questions on a Mall Location and Leasing

[floorman]

Hello!!

I am looking to put a coffee cart in a local mall. I talked to the person in charge to learn more about it. I have to submit an application which should be no problem for me.

My question and/or concern is this. The person is assuming that I will make x amount of money. Based on that, the rent would be 10%. For example, if I make $10,000 a month, my rent would be $1,000. Is this a fair way to do rent? Or should I look for a spot where rent is a flat rate a month and doesn't depend on how my sales go each month? They are also looking to see my sales receipts each month - is this fair?

I'd appreciate all the help I can get. I just want to make sure I get a fair deal and arm myself with correct information.

Thank you!!

Jeff

 

[makjava]

So will your rent change monthly depending on your gross sales ? If so, that may not be all bad. The months you do well, you pay a higher rent, but the months that are slow - your rent will be less - that is a good thing. I have heard of leasing this way.