usually supplied by the property owner and licensed rather than leased, with much looser language allowing the property owner to revoke operational rights overnight or relocate the unit within the center upon notice. Kiosks are also available under the same conditions and may even be supplied by the property owner when they have been abandoned by former tenants; occasionally these units are built specific to a property and supplied by the property owner. Rents vary by market conditions and mall traffic. Holiday rents are generally term rents that encompass both November and December with a combined sales breakpoint for the holiday term on short-term agreements or annual sales breakpoints on permanent agreements. Property owners benefit from this rent structure by capturing all rent prior to the peak sales period, yet soften the full impact of what is a very unbalanced sales window by splitting the considerable rent increases into a two-month period. It is generally possible to rent spaces for a month or even a weekend, but most businesses would not be able to turn a profit in such a short period. The costs of running a kiosk vary by season (with rents ranging from 4000 and up per month during the holiday season, depending on the locations), and license agreements are short and usually renewed every month up to one year. The rent during the winter holiday season usually is the highest. Startup costs are lower because the smaller space requires less product to fill. Retailers also have the option of changing products with the season or to match trends. Efficiency Due to the high visibility of these units, which are most often located in the common areas of malls, these businesses can often gain a relatively high monthly sales figure after a three or four-month trial. Many other benefits exist, such as the low overhead, small inventories, and low or non-existent CAM, tax, utility, and marketing fees, as compared to their in-line storefront counterparts, which can often have fees equal to or in excess of the rents themselves. The primary key to success in a kiosk or RMU is low product margin. This is quite different from the traditional "keystone" (doubling) of product costs, which is normally found in an in-line store with thousands of SKUs and higher transaction totals. Due to their efficiency, these retail options serve as an opportunity for start-ups and small businesses. References External