[Jewelry making - Article 00051] - [Orchid] [Biz Talk] Gross receipts you pay for your rent?

[Cynthia Clinton]

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Hello Orchidians,

    I'm just now moving my retail jewelry store from a small outbuilding
    on our country property to a "real" retail space in the heart of
    downtown.  The landlord is offering to be "flexible" so I'm hoping to
    make him a fair offer that's really good for me too.  He responded to
    a request I made for a building owner that would offer creative
    terms, so he is prepared for a creative deal.  I've already said yes
    to the retail space and it's a go, but I still need to make an offer
    so we can hammer out the numbers.  Other folks I've talked to have
    suggested paying him a percentage of my gross receipts for the month
    up to a certain cap.  Does any jeweler, or even a gallery, here have
    a similar arrangement?  If so, I'm interested in what percentage of
    your gross receipts you pay for your rent.  I heard of a gallery
    that paid their rent this way, but I can't remember who they were or
    where I read about them.  Anyway, I'd appreciate your thoughts if you
    have such an arrangement with your landlord.  Thanks a million! 

Cynthia Clinton
Clintonia Couture Jewelry




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