Quote:
Originally Posted by jimbo2012
if you have big margins or overcharge for your products/services.
If you have a 5,000 sq ft store that's about $15,000 a moth rent.
or $500 a day, do the math.
there are plenty of other choices for half that money
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What it's worth is what it goes for. If you have a niche business with not a fast turnover, then the rent is too high. The developers obviously spent a great deal of money on all three squares. Does anyone remember them moving giant live oak trees to the area? The Villages are not alone in charging percentage rent. It is a common business practice. I will post this again.
How Percentage Rent Works in a Commercial Real Estate Lease
And as many savvy people who understand retail have already explained, there are a lot of successful businesses in the three squares able to meet the rent.
I don't know the Morses, but I do know a little bit about business. I watched underfunded niche businesses with big ideas fail a lot.