Even though we were very excited about starting our business here, location PERFECT, we are just barely making enough to cover the rent on our space, so we have found another space, smaller, but much less the amount in rent.
The problems that we ran into is that the competition in this location is fierce. 300 other booths to compete with. The place is great place to be if your looking for indoors, off 2 major intersections, plenty of foot traffic, however, as I talked with the other booth owners, MANY, are just covering their rent also. They too are leaving. When I asked exactly how many checks they actually issue to the vendors each month and the question was avoided, it gave me my answer, They were really only the ones making money on the backs of the vendors. There will be plenty of others to take our spots, so for them it is a win-win. They do not have to make the over head if everyone else is making it for them. Rent plus 10% of what is made. Lesson learned.
We are still excited about our opportunities, as we keep moving forward. May have to work a little bit harder, but that's ok. We will keep you up to date as when we reveal our move.
You never know until you try. And sometimes you have to keep trying.
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