Quote:
Originally Posted by Sal D
Here is a quick way of looking at it. Go to your kitchen and look @ the tiles on the floor (or anywhere you may have 12X12 tiles). next imagine paying $40 - 60 for each one. every month. Imagine that cost for the square footage of your home. then you will be able to understand how expensive rent alone is in the villages. Oh and did I forget to mention the 3 - 5% TV gets on your sales too.
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Here we go again with the rent is too high to succeded in TV ....urban legend.
Once again all these businesses knew what the rent was going to be when they signed on the bottom line. To blame the rent for high prices is not the reason. To say TV gets 3-5% of sales is a myth for almost all the retailers renting in TV.
Yes most leases contain a clause that if sales excede a certain level...AGREED TO BY THE SIGNER OF THE LEASE!!!.....there is a graduated percentage of the amount over the estimate. The reason folks sign is because the estimated level of sales is so high that if the owner would ever hit that level they would be quite happy to pay TV or anybody else the so called 3-5%.
The rent being called the problem is usually third party or more hear say.....or an renting retailer that did not make it work adverizing that it was the rent that did it....they knew how much the rent was before going in....their business dream just did not pan out to be what they thought it would be!!!!
It ain't the rent!!!!!!!!!!!! Ask any of the ones that have been here since day one!!
btk