Kendal Market

SLDC are now wishing to approach the market to investigate the options that are open to them .As part of the preparation of a full market exercise we are requiring early engagement with the market to consider the range of the options that are available.

As a starting point, we are encouraging Bidders to review the current status of the Kendal Markets and the role they play within the town centre retail and leisure activities.

Bidders are invited to consider the options and prepare a response by 20th May 2019 at 19:00.

Bidders will then be invited to present their options to the Council and its advisors in May /June 2019 such presentations will inform a way forward prior to a tender exercise and will be on a `one to one` basis Bidders may seek to prepare a response to address some of the following options, this list is not exhaustive and bidders are invited to consider all options: • Option1.

Both Indoor and Outdoor Market • Option 2.

Indoor Market only • Option 3.

Outdoor Market only The response should cover: 1.

Your understanding of the problems faced by Kendal Markets 2.

Your vision for the market option selected: Setting out what you would aspire to achieve if given the opportunity.

3.

Your experience in running markets, including your track record of bringing about transformation to failing or under-performing markets elsewhere.

Included evidence in the form of case studies as appropriate, with references.

4.

Your methodology: setting out how you would implement your proposal, stating what resources you would bring to the option selected, how they would be used.

5.

Prepare and indicative timeline for your proposal 6.

State the capital investments that you would make, and where appropriate, those you would require from the Council 7.

Prepare your indicative business model, showing how you would growth the volume of traders, increase the footfall and improve profitability for the market operations and the traders associated with the markets.

8.

Indicate how you would propose to return profits to the Council, stating what percentage would be shared with the Council, and under what circumstances you would require the Council to reinvest its profits.

9.

State the expected length of term of agreement you would be seeking as a right to operate the Markets.

Note: the Council recognises that longer agreements will be required where significant capital investments are proposed by the bidder.

However, the converse is also true, and bidders are advised to measure their requests with their commitments.