Travel Traders employs a team of three full time real estate professionals whose responsibilities are to:

• Maintain the existing estate/renegotiate existing leases
• Manage ongoing property issues (space changes, repair & maintenance, changes to lease use clauses)
• Develop relationships with hotel operators, property owners
• Develop new store locations, negotiate new leases

Each store is operated under an industry standard property lease. The average length of lease is approximately 10 years. Under each lease the business is entitled to operate the leased space as a retail store selling authorized merchandise, much of which is sold on an exclusive basis.

Rent is payable to the landlord at the higher of a minimum annual guaranteed dollar amount or a fixed percentage of the gross sales generated.

In each case, Travel Traders is responsible for designing and building out the space in line with the property’s design standards.