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Dog eat Dog in the Antiques world (Bit of a windge sorry)
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<p>[QUOTE="verybrad, post: 200565, member: 37"]Having both had a stand-alone businesses and mall spaces, there are advantages to both. Mall space can be very expensive and sometimes you feel like the mall owner is the only person making any money. I have kind of found that you generally get what you pay for. I have done best at the malls where I have paid the most rent.</p><p><br /></p><p>All the services the malls provide are expensive to provide for yourself in a stand-alone space. It is not so bad if you can run it yourself or have a spouse, relatives, or a business partner to share the responsibility. Having had a couple of the latter, it is something to avoid if possible unless you are absolutely sure you are on the same page and can get along. Once you get to the point of hiring employees, the costs and problems go up exponentially. </p><p><br /></p><p>I think I would have to think long and hard before ever opening another shop of my own again. In renting mall space, if you can keep your expenses for rent and costs of good sold below 50%, you are doing pretty good. Despite very high rent, I am able to keep mine on an average of about 30%. There are always some months where I make no money but the other months more than make up for it. I am not sure I could always say that when I had a stand alone antiques shop.[/QUOTE]</p><p><br /></p>
[QUOTE="verybrad, post: 200565, member: 37"]Having both had a stand-alone businesses and mall spaces, there are advantages to both. Mall space can be very expensive and sometimes you feel like the mall owner is the only person making any money. I have kind of found that you generally get what you pay for. I have done best at the malls where I have paid the most rent. All the services the malls provide are expensive to provide for yourself in a stand-alone space. It is not so bad if you can run it yourself or have a spouse, relatives, or a business partner to share the responsibility. Having had a couple of the latter, it is something to avoid if possible unless you are absolutely sure you are on the same page and can get along. Once you get to the point of hiring employees, the costs and problems go up exponentially. I think I would have to think long and hard before ever opening another shop of my own again. In renting mall space, if you can keep your expenses for rent and costs of good sold below 50%, you are doing pretty good. Despite very high rent, I am able to keep mine on an average of about 30%. There are always some months where I make no money but the other months more than make up for it. I am not sure I could always say that when I had a stand alone antiques shop.[/QUOTE]
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