April 1, 2019, Denver, Colo. – Denver-based United Flea Markets, owner of the largest portfolio of flea markets in the country, announced today the acquisition of the Colorado Springs Flea Market in Colorado Springs, Colo. The acquisition marks United Flea Markets’ second property in Colorado and the 11th in its rapidly expanding nationwide portfolio.
United Flea Markets 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, United Flea Markets 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.
For Rob Sieban — President, CEO and Co-Owner of United Flea Markets and former Chairman and President of the National Flea Market Association — the addition of Colorado Springs Flea Market is an important and exciting acquisition for our 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.”
Randy Cloud, longtime General Manager of the market and a member of the departing ownership family, noted that the decision to sell was made easier by United Flea Markets’ impeccable reputation and years of friendship. “The Colorado Springs Flea Market has been a big part of our family since its inception in 1978,” he 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.
Colorado Springs Flea Market is located at 5225 E. Platte Avenue. The market is open year-round on Saturdays and Sundays, from 8 a.m. to 4 p.m. Visitors will find more than 500 vendors across 25 acres with kids’ rides, numerous food and beverage vendors and a beautiful setting at the base of the foothills. 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 flea market, new rides and other technology and marketing improvements.