What Are You Paying?

Dear Dealers, Let's compare notes, shall we?

  1. What mall(s) are you selling in?
  2. How much is your booth rent? Is that price per square foot?
  3. Do you pay a percentage of sales to the mall, too? How much?

27 comments:

Sue (Vintage Rescue) said...

Not going to touch this—my rent is very high, but Leesburg is an antique mecca, so it's worth it to be there. Fortunately, our mall doesn't take a percentage, or require dealers to work the front desk at all. Yes, I pay for convenience!

Sue (Vintage Rescue) said...

Actually, my primo space is about $4/sq ft, and the basement spaces is around $1/sq ft.

sarah @ realestatestyle said...

I'm in Griffin Ga. Rent is around 1.50 per sq ft. No commission, & some booth vendors do work front counter.

Mary Ellen said...

I have a booth in a small antique mall in a small town (Pop. 3000). Rent is $100 per month for a 10 x 10 spot plus working 2 days a week. No commissions are taken unless we have items out on the floor that not in our booth.

Callef said...

Hi everybody - I'm glad to see a new post on this page with some comments. I'm in Jenks, OK (suburb of Tulsa) at a large antique mall. My rent is $125 for a 6x6 space, which comes out to about $3.50 per square foot. The mall also gets a 10% commission on each item sold. One perk is that they have a large open furniture floor where dealers are allowed to have up to 3 pieces for 2 months at a time, space permitting, in addition to our booth space. Hope this is helpful.

Carol

2 Attics said...

We opened our mall a year ago. I did not worry about square footage price. We took what we needed to do it and divided out the space accordingly. We filled up in less than a month and I thought we were too cheap. However, I have since found out that we are a lot higher compared to square footage elsewhere. We have had a waiting list since May and are planning on doubling our mall size by September of this year.

I have a business background, a serial entraprenuer and have been in over 6 malls throughout the last 20 years. My business partner awesome with customers and displays. Together we make it work.

I feel square footage price is more based on location and performance of the mall, rather than just a set thing. Obviously, Jenks can get more than a shop in the middle of nowhere. We are in Park City, Kansas which has a rich antique heritage, although there were no shops left when we opened. Park City now has 3 antique stores and we are building the area back!

I have even started consulting a bit, because of my business background. I love antiques and at 40, I finally found my career!

Martha said...

I have two booths in North Georgia about an hour north of Atlanta...the booths range from $1.85 to $2.50 a square foot....every mall in an hour radius charges a 10% commission. We don't have to work, but are asked to come in a bit and walk the mall to help keep a presence and help anyone who may have questions. The closer you get to Atlanta, the more expensive the booth space. I'm grateful we don't have to pay more, but the commission is hard to swallow sometimes! :)

Martha at Authentica Classics

Cynthia Banks said...

I am in an antique booth at a large antique mall in Newnan, Georgia. Rent on my 10x10 space is $160 per month, plus 10% commission plus you must work 1 day per month, which can be divided up into 2 half days. We are allowed 2 items in overflow areas. Business is brisk and the turnover of merchandise is very quick so I feel fortunate to be there since most of the malls have closed up in our area.

yellowroses said...

I'm in Great Falls Montana. Rent is $1.00/sq ft and 10% commission. Dealers are not required to work, but are asked to help out during special customer appreciation nights.

dianab said...

I live in Lawrence, KS (a college town, Kansas University)and the antique mall that I have a booth in is located downtown which is primo location for students and out of town shoppers as well as locals. My booth is about 3x4ft, for $80/mo. 10% commission, and credit card fee plus I have to work 4hr shift once a month. I actually share the booth with a friend which makes it more affordable. Booths do tend to close frequently but there is also a waiting list. Luckily, the mall is not antique exclusive and anything can be brought in. I like that because not everything I bring in is "antique".

diana

robomoll said...

I rent a booth in a small town near Columbia, SC and pay $1/sq. ft. The owners take a 10% commission. There are dealers who work the store one day a week and for that receive half off their booth rental fee and are able to collect 5% commission on sales made (up to $300) during their shift. Summer sales were really slow so it would have been nice to have been able to work to qualify for the booth discount but my part-time work schedule doesn't allow it. There are several antique shops in the town and booth rental seems to be the same at each one.

Anonymous said...

I am in two separate places in the Texas Hillcountry. One place is $1 per sq.ft and the other comes out to be about $1.11 psf. Both take 10% + 2.15% credit card fee. One place requires 2 days a month, the other 1 one day a month. I just left a place in Frisco, TX (only b/c I moved from the Dallas area) and was paying $3.50 psf there. Being in an antique mall has been a great start to my business - especially in this economy. Hopefully, someday, I'll be able to afford a place of my own. But until now, I like the rent, the freedom and the money.

Vintique Boutique said...

I have been in an antique mall in every town I have lived in over the past 10 years - from Chicago to Atlanta - and pricing has widely varied. I now live in S. central Pennsylvania and pay $1.50 sq. ft. and 2% commission (+ 3% for credit/check transactions) and you are not required to work the floor.

Business has been pretty good this year even after a slow summer. So after being in this location for about 8 months now I'm more familiar with what customers like in this region and am pretty optimistic - thinking about expanding to other locations too!

I read your e-book and enjoyed it - it's always great to hear about businesses in other markets and to know that there are "kindred spirits" out there who are having as much fun as I am!

Anonymous said...

Not exactly sure how you are calculating square foot rent. Just last Sunday, I set up my first booth in Pennsylvania. It's a 4x1 booth, the smallest they offer for $58.00 per month, and they take 10%.It has peg boards on all sides. I was amazed how much I could fit, after putting 4 shelves and putting hooks on the back and sides. I took 3 Rubbmaid storage bins full of stuff on Sunday, figuring I would be bringing back at least a bin or so that wouldn't fit. Actually, it all fit, with room to spare. Between the extra room, and the stuff that sold, I took 2 more bins full today, which I made fit. So far, so good!!!

Anonymous said...

I'm in an antique mall in Seattle, WA where the commission just jumped from 15% to 19%!! Plus we get charged credit card fees.

Dakotatreasurehunter said...

I have 2 10'x10' booths in the same mall. They charge $1 sq. ft and no commission. You get a discount on more than one booth. I pay $175 for a total of 200 Sq ft.

King James said...

Very interesting topic - renting an antique mall booth is something I have been considering getting into and something like this helps.
One suggestion on the calculation of cost per sq ft: in commercial real estate (like storefronts) that is the annual rent divided by the square footage, so if you pay $150 a month for 100 square feet you are paying $18 a sq/ft ($150 x 12 / 100) even if you rent for a portion of the year.
Thanks for sharing!

West Louisville Preservation Hall said...

I am opening a 39,000 square foot antique/vintage/craft mall called Preservation Station Market and Event Center in Owensboro KY. We Owensboro has a population of 90,000. We are about 9 miles out of the city. Any suggestions on attracting the best dealers? What I should charge for booth rental? We hope to be open by spring 2014. Follow our progress at https://www.facebook.com/preservationstationmarketandeventcenter

Anonymous said...

We are thinking about starting a vintage/antique/thrift mall in a town of 7000 with lots of through traffic. Your information here has helped me get an idea of hat to charge but I need to know 2 things: what is the best medium for attracting renters and how long should it take to fill about 1500 square feet?

Anonymous said...

Btw we are in the Texas hill country

Suzanne said...

I am opening a Multi-Vendor Boutique in Lexington KY and seeking unique dealers to rent our vignette's. This is not your GrandMa's Booth rental! No stinky stuff, No Junk! (No offense, I love that stuff, too). We accept dealers who carry Cool Vintage, New Merchandise, Home Decor, Art, and Jewelry!! If you are interested, please contact me for more Information. Thank you!
BrownDogTradingCo@yahoo.com

Anonymous said...

We have an antique mall In Winfield Missouri on Hwy 79. We charge 1.25 sq ft to 1.50 a sq ft. also we take 10% of sales, this 10% goes towards bags, wrapping paper, tape etc plus it helps pay the credit card swipes. Not sure why other malls ask for a % when swiping credit cards as the 10% paid by the vendor pays for that.

Liliana.d said...

I'm in Columbia, SC and looking to lease a booth in Columbia or a nearby town, any ideas where can I go?

Renee Knott said...

Mary Ellen wher me,if this mall you speak of and,is itvstill open?

Renee Knott said...

Mary Ellen wher me,if this mall you speak of and,is itvstill open?

Renee Knott said...

Mary Ellen wher me,if this mall you speak of and,is itvstill open?

Shabby Chick said...

So is it legal for the owner to charge his vendors the credit card fees. I pay 145.00 for about a 6x8 booth, 10% commission, and 2% on each item I sell that was purchased with a CC. Plus we are asked to volunteer and bring snacks for all the seasonal events. About 3 a year. Its hard to make anything over your rent and there is lots of turnover.