Artists keep 100% of sales and only pay rent for shelf space.
All spaces have an initial 3 month commitment term with a 1 month deposit.
After the term, spaces will be charged on a month by month basis.
If an artist or vendor wants to end their lease, notice must be given 1 month in advanced.
Payment, Taxes and Fees:
All artists are to include 12% taxes in their prices. You are fully responsible to be a registered business and to remit taxes on your payouts, thus taxes should be included in your prices.
You will keep 100% of your profits. Payouts will be made at the start of the following month.
Customers will be charged a standard service fee of 13% which goes towards the upkeep of the business as we are only acting as a sales intermediary on your behalf, making pass through transactions. In addition the service fee will also go towards marketing and advertising the shop.
Move-in:
All artists will be given a 1 month notice prior to when their move in dates are.
You will be given instructions for onboarding via email for setting up accounts for inventory, payments and shelf displays.
non-locals: You can send us your display and items for us to set up. There will be a set up fee according to your space size. Shipments must be received at minimum, 3 days before your given date.
Inventory:
Each vendor will receive their own account connected to the shop where you will be able to check sales and inventory. From this platform you will be able to create your own labels with automated SKUs and pricing. You will be responsible to label and keep on top of your own inventory. Further instruction including those for deals and sales will be provided when you are confirmed to join us.
Restocking:
Vendors can come to restock their products during store hours at any time during open store hours. Non-locals may send in restock for staff to stock your shelves.
Overstock:
Each vendor will be provided a bin for overstock. Your items must fit within your bin space. Bin dimensions will be provided for each space size. All your products must already be labeled for sale.
Cancelling & Move-out:
If you want to cancel your monthly membership, a minimum notice of 1 month prior is required.
You will be contacted via email to coordinate your move-out dates.
Your space must be clean with nothing left behind by the end of your move-out period.
You will receive your final payout and deposit on the 1st of the following month.
Non-locals: You will be charged a take-down fee equivalent to the set-up fee.
Shipping costs are to be covered by the vendors and this will be reflected in your final payout.
Safety & Quality Service
A big issue with many similar stores is the issue of safety and theft. We are planning for camera security and a system to be in place. Our goal is also to make things as easy as possible for fellow artists and makers, and in order to do this, we will strive to always look for ways to improve our processes and systems. We are looking into security tags to be available for all our artists.
We understand the stress and workload that comes with being a small business, and so at meowbunnybear, we want to provide great service to show you that we care and understand what it's like being an artist.
Pricing
We took a look at similar shops and did our best to give the most reasonable pricing. We want it to be affordable and worthwhile for our fellow artists and small businesses. We also decided to offer wall spaces that are larger than other standard large wall spaces, rather than trying to fit more shelves in.
Communication
We will create a discord server for faster updates, shop statistics and areas for vendors to communicate with staff and fellow vendors. Formal business related items will still be sent via email to each individual.
Warnings & Rules
Late Shelf Payments
The shelf rent date starts on the day you start vending in the shop and is charged automatically the same day of each month from your start date.
In the case of a late payment, your payout will be withheld until the payment is made.
We will send you a late notice after 5 business days of not receiving the payment.
Your contract will be terminated, your products will be removed, and your deposit will not be returned if:
-
Your payment is late for more than 15 days.
-
You receive more than 3 late notices in the span of 6 months
Inventory Irresponsibility
We will only email you if your stock is low and your shelf is visibly bare. This should only occur within reason as repeat offenses show that you are not responsible for your own space. Any lateness on your part should be properly communicated.
Non-Compliance
If after receiving warnings, there is a continuation of not following the rules or any hostile behavior from a vendor, this will result in immediate termination and a permanent ban from the shop.
Sub-leasing a spot to another artist or vendor is prohibited.
