United Flea Markets (UFM) is back and at it again with their acquisition of Colorado Springs Flea Market, in Colorado. Their first acquisition of the year, the Denver-based company is continuing their rapid nationwide expansion by adding another flea market to their family. The acquisition marks UFM’s second property in Colorado, they announced April 1st, 2019.
United Flea Markets is the owner of the largest portfolio of flea markets in the country and has quickly positioned itself as the country’s foremost flea market ownership and management company with properties now located coast-to-coast. Founded in Denver in 2009 with its first acquisition of Mile High Flea Market, UFM today sees millions of buyers and tens of thousands of sellers across its platform. Its robust growth reflects the growing $30 billion industry that encompasses approximately 1,100 flea markets nationwide.
Rob Sieban, President, CEO and Co-Owner of United Flea Markets, said the addition of Colorado Springs Flea Market is an important and exciting acquisition for their long term growth strategy. “We’re very strategic throughout our acquisition process,” he said, “seeking out properties with strong community ties, a sound operational history and a strong fit with the other markets in our portfolio. Colorado Springs Flea Market is a beloved community institution with a notable 41-year history and a nearby neighbor to our flea market in Henderson, CO. We’re honored that the Cloud family has entrusted us to take the reins and build on their strong foundation.”
For over 30 years, Colorado Springs Flea Market has been the place to buy, sell, bargain, and enjoy a great family outing. Every weekend the market sees up to 500 sellers from throughout Colorado, showing their wares on a 30 acre paved site. Colorado Springs features vendors with new and used merchandise along with kids’ rides, numerous food and beverage vendors and a beautiful setting at the base of the foothills.
“The Colorado Springs Flea Market has been a big part of our family since its inception in 1978,” Randy Cloud, General Manager of the market, said. “And while the decision to move on is not one we took lightly, we have the utmost confidence in the United Flea Markets’ team, the vision they hold for the market’s continued growth, and the role it plays within the community.”
Cloud will stay on after the sale and continue to manage the market’s day-to-day operations. “Randy’s institutional knowledge and business acumen combined with his love of the business sets us up for continued success,” Sieban said.
Located at 5225 E. Platte Avenue, Colorado Springs Flea Market is open year-round on Saturdays and Sundays, from 8am to 4pm. Admission is $2 per person and free for kids 12 and under. As part of the transition, United Flea Markets plans to add enhanced Wi-Fi throughout the market, new rides and other technology and marketing improvements.
United Flea Markets now owns and operates 11 diverse flea markets nationwide, bringing to each a valuable mix of small-company agility paired with finely tuned business acumen. This approach results in best-of-class, streamlined operations tailored to meet the unique needs of each individual flea market.
Flea market owners interested in learning more about investments from United Flea Markets can visit unitedfleamarkets.com or call 720-592-0260.