BaDC-1727 Retford Buttermarket Food Hall Operator Opportunity

Bassetlaw District Council (the Council) wishes to invite tenders to appoint a suitably experienced operator to occupy and operate an indoor street food market within the Retford Town Hall's Buttermarket.

The operator will be responsible for all aspects of delivery, vendor management and commercial performance, in return for the right to trade from the premises and an opportunity to influence the final design and fit-out of the space.

The Council's objectives in appointing an operator are to:

•Animate and activate Retford town centre

•Support independent and start-up food businesses

… According to a recent market summary of Retford undertaken by CACI, the town boasts a sizable catchment area with a total market potential of £122.1 million. Additionally, Retford enjoys a high catchment market share of 16%, indicating a strong local spend for retailers and food businesses opening in the town centre. The total market potential for catering alone is £30.1 million.

The overall spend remains below the regional average, indicating a need for Retford to build up a critical mass of retail and leisure offer to increase its attractiveness. Annual household spent on catering is £2,060 which is 5% lower than the East Midlands average and spend on alcohol on premises is 10% below the regional average demonstrating there is available spend for these types of offers not currently being realised in Retford