Problem
Information Request You are the owner of Bikes and Stuff. Yesterday, you met with Jennifer Hunt, a sales representative with Avanti, a Canadian bicycle company. Jennifer thought it would be a great idea to lease out floor space in the store to FloorAds. FloorAds leases out floor space from small business owners like Teresa and then creates marketing ads to sell to larger manufacturers like Avanti. You would receive a fee for leasing the floor space and a percentage of the revenue from every ad sold from FloorAds. You are very interested and would like to learn more. For example, you would like to know who will clean the floors. Also, who installs and removes the ads? Can the lease be terminated if you don't like the ads? What would the leasing fee be and what percentage in ad revenues is typical? Jennifer has suggested you contact Bill Spencer at FloorAds for more details. Email Bill Spencer at FloorAds ([email protected]), requesting the information.