Start The First PIERRE FLEA MARKET & CULTURAL CENTER (PFM)
(Sell your products & have your Tenants/Vendors pay the rent)
Summary:
1. Provide only Flea Market in the area.
2. Provide citizens having entrepreneurial spirit a low cost selling spot accessible to all.
3. Provide public with low cost consumer products & services in an exciting setting.
3. Provide City with a new tourist attraction.
4. Provide public including tourists with a new cultural experience.
5. Bring new excitement to the City that includes the public, their children and tourists. Display your products too plus have your tenants/vendors pay the rent for you.

Setting: Set in the heart of the South Dakota Capitol City of Pierre, the property has high visibility along its main commercial corridor. On the same area/street as Menard’s Home Improvement Store, Walmart, Goodwill, etc, with the proper signage, the PFM will be quickly known throughout Pierre and the State of South Dakota. 9100 square feet plus large outside areas including parking.

Customer Base: The customers for Flea Market from you, the business owner’s point of view are its vendors/tenants.
Vendors/Tenants: (1) Individuals who want to spend their weekends making some money and have social interaction with their neighbors (2) Service companies and suppliers who wish to display their services and products (3) Health care facilities who wish to make the public aware of their services (4) Food vendors who wish to provide immediate refreshments (5) Farmers who wish to sell their produce (6) Native American sellers who wish to make their products known (7) Tourist information provided by the local government (8) Government and Non-Profit Organizations wishing to inform the public of their services (9) Etc. The great majority if not all Vendors/Tenants will be long-term, meaning years and will often sell their space, i.e. their business, to another Vendor/Tenant once they wish to retire.

Landlord will provide you a possible good source to obtain Vendors/Tenants.

Vendor Assistance: Provide sources to obtain Vendors/Tenants. Provide product procurement advice – simply guide them to providers such as ThomasNet and Alibaba. Pricing by individual Vendors/Tenants can easily undercut pricing at Walmart or anywhere.)

Business Structure:
1. Digital LED/LCD pylon sign that can change images showing Pierre Flea Market changing to Pierre Native American Culture Center, changing to South Dakota Pioneer Center, changing to Special Events: e.g. music by… today, produce market today, etc.
2. Building interior of 9100 square feet (130 feet by 70 feet) accommodates at least 52 one hundred square feet stalls, 5200 square feet for the stalls, 3900 square feet for aisles that are 10 feet wide. Approximately 12 stalls outside rear from April through October. Leaving parking in the front and rear areas. (There is plenty available parking in the adjacent streets also.)
3. Each of 52 stalls rental fee shall be $25 for Friday and $50 for both Saturday and Sunday. Night market on Wednesdays, 52 stalls @ $25 per stall. 12 Outside stalls $25 for Friday and $50 for both Saturday and Sunday (mainly food vendors).
PRO FORMA
Gross monthly income: $28,145 X 12 Annual: $337,740
Night Market monthly: $5,629 X 12 Annual 67,548
Outside monthly income April thru October: Annual 32,475
Total Gross Pro Forma Income $437,763

Rent @ $11/square foot 100,100
Property Tax 15,000
Utilities 12,000
Insurance 4,000
Music & Misc. 2,000
Part-time Employee @ $2500/month 30,000
Total Costs $163,100

Net $274,663

Note: Opportunity is a start up. Photos are examples, building photos actual.