I was approached at the craft sale yesterday by a man who is leasing (temporarily) a store location in the main mall in green bay. The spot opened up last minute due to a major chain store going out of business leaving prime space open during the christmas season.
He is leasing the space out to several higher end hand made businesses. (he has 8 in the store so far)
The Deal he is offering is -
$250 lease for space
20% commission for him since i am unable to staff my section (it's 2 hrs away)
He will process credit card payments and provide money order and not deduct processing fees. (because i use square)
I need to pick up my items by January 10th.
He agreed not to take the 20% commission if the sales do not exceed $800
I would need to drive the items out as soon as possible this week, and set up the space. He has wall brackets and wall shelving that would hold the weight of the items (i asked this)
Are there any things i need to be aware of that are not covered in the agreement?
Does this sound stupid or amazing?