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The Flea Market as a Business Location

The New Village Market

By Justificus, published Oct 06, 2006
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Since the ancient ages men have gathered to barter, buy, and sell the fruits of their labor for necessities that they couldn’t produce. In the early days of our nation we gathered at the end of the week, and after harvest to trade. In later years non-producers fashioned establishments to sell what we needed on a regular basis, food, seeds, hardware, drinks, and medicines. 

Later we saw these entrepreneurs organized into villages with streets and parking for our vehicles, and animals. Once we progressed from our agrarian roots to service and manufacturing, and everyone had a vehicle for travel, we built large concentrations of these businesses in Malls and Shopping centers. With the flood of cheap goods from overseas we have a surplus of these outlets. The malls are full, and we are building more. The cost per square foot varies from area to area. The investment companies who build these malls would rather see an empty store than an under priced rental. Thus the overhead for the American Dream has risen out of reach for the many Americans. 

Enter the weekend flea market. These markets span the board from tables along side a road to Mega malls that run for miles under roof. The owners provide space, electricity, heating, cooling, and security. The vendor provides a monthly payment and creates their own store. What ever the format the rules are the same.

First rule is you must sell enough to pay the rent. No matter what Bosley, Tim, or your mother-in-law may think ,unless you make enough money to pay the rent it all stops on the 1st of next month.

Second rule is that you need to be open every possible day and hour to meet the goals of the first rule. Many of the vendors I have seen fail did so by default. If you are a religious person and don’t work on the Sabbath you are wasting half your rent in a flea market. Better to get an EBay store or a website.

Did You Know?
I have seen Flea Market stores that have survived financially since 1994. How many retail market stores can you name that have survived that long?
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