Do you think pushcart rental rates at most major shopping malls are too high? - Page 2

Idealistic!

I totally agree that the rental is too high for us to manage. If you compare by rental per square foot, the rental of a pushcart is tremendously higher than a shop though the lease period of pushcart is shorter than shops.

Though our product plays an important role here and if our product is so appealing to our customers or even if you are the only person selling this in the market, other factors like economy, overheads, rental do contribute a bit share too. We will only know if our products can sell only if we TRY unless you survey before you launch your products but beware of leakage.
No venture, no gain!

The most absurd thing I find is the pushcart rental in sub-urban malls are comparably same to those in town areas. Why is this so? And some malls even imposed surcharge to those non-peak months (eg: April, May) etc when it is not festive seasons or school holidays when there is no increase in human traffic. The Management could not give me a satisfactory reply so I decided to drop those because I know I will sustain a loss if I continue on.

But what can we do about it? We do not have the capacity to ask the Mall's Management to lower their rental. We are paying for the location, crowd and the buying power of the consumers there.

If you can't cover your cost and rental and the buying power is low, please change your location. If your products is not viable in this market and not sustainable, either change/modify your product or end it if no choice.

Starting a business is not easy. It is a challenging journey which takes capital, patience, good planning and guts!
Sorry for the lengthy reply but just sharing my past experiences with you.

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Best Regards

muchiemonkey

Yup, rental rates are certainly high! it is hard to even break even !

Beads_lovers_Jamie

I agree too!! Due to the big differences between at shopping malls and flea markets... Shopping mall cost $3000 - 3800 for a month and it is not include of the additional $500 for peak season. Whereas Flea Markets, bazzar, event spaces only cost $10 - 50 per day. Of cos, it don't have air contitioned place but as far people like us with low capitals we will go for it..
Espeacially, Pushcarts in Shopping malls must depends on crowds, and some customers does not like being to squeeze or anything esp. youngters.

simong

i think is definitely very high ..
just check out some prices at the mall and i almost got a shock
i think is better to stick to online for the time being

ling3577

hmmm ... for me i feel that pushcart rental is not really that high ... but the costly thing about pushcart is all the licensing and deposits... for people who does not have that much capital, pushcarts are NO NO !
fairs/pasar malam: for a no. 1 location, like beside the bus stop or traffic light, six 3x3 feet table will go up to $100 a day ! with no air con, you set up your own tables, put up your own tents when the tentage isn't big enough to keep you and you goods away from the sun and rain, paying extra if you need electricity, outdoor toilet bla bla...
Relatively pushcart rental is not THAT high afterall ...
And esp for people who doesn't know if their items suit people shopping in that area... its a bit risky to put in long tem committment to a pushcart...
so i think its really up to individuals, comfort, sales, cost bla bla ...

zichao81

its too high for small time sellers like us.. imagine the losses we would make just by paying the rental alone.. i wonder how the major shop owners survive?

Luvboisad

Well, i feel that push cart at certain location is quite expensive. But before we start on operating push cart we must consider where to take our goods. If you choose to sell those common stuff that could get easily you will end up with lots of competitors selling your stuff.

We should get our goods abroad(example bangkok, hong kong etc...) It is much cheaper and we are consider '' second hand'' but in singapore if we were to take goods we are consider third, fourth hand etc... Which mean that those googs we take from them is consider very expensive as those previous hand had earn from the profit.

And this goods add up with the push cart rental will seem unaffordable. Since we cant cut down the rental but we can down the cost of the goods if we were to get our stuff abroad.

cannie75

yes me too feel it super duper high

liquidsanctuary

If pushcart rental rate is too high? Why is there still so many pushcarts ard shopping mall? They cant be doing it for a loss cause right? So maybe there's some ways to go ard like sharing the rental? Maybe the boss have capital but feel that push-cart is cheaper than opening a shop? In any case, push cart is still a business so, you really need to have the start-up capital or you'll need to think of other alternative.

SHIMURE

If you are Selling FMCG and stuff which can attract frequent sales, such as food. you can cover rent.

If you are offering services, such as myself which is fortune telling.

It may be a bit difficult.