Market connect
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Date of Foundation
2024

Market connect

"Revitalizing Dorset's coast with community-focused food and market halls."

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The Idea origin story

Working with a carefully curated selection of local independent traders Market connect aims to give these small start-ups the platform they need with which to build a business and ultimately create new business and opportunities within the local community.. Alongside a number of food and drink vendors will be retail units for use by a butcher, fishmonger and bakery. The aim of Market connectis to re-connect the local communities with the very businesses that built the towns and cities providing customers with a trustworthy, quality product.

The Mission

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Clients

Our customers are locals seeking quality, locally-sourced products and small businesses in need of a market platform.

Problems we solve

Client’s problem

Market connect will be a community hub with which guests can do all of their groceries, have a coffee or simply buy some lunch. We aim to connect communitoes and provide a fun quality environment

Confirmation of problem

The rise in demand for locally sourced, high-quality products is not met by the ease of access to such goods within urban spaces.

Solution

At our startup, we are creating vibrant and community-centric food and market halls that will rejuvenate Dorset’s coast. Our target audience includes both locals craving quality, locally-sourced products and small businesses seeking a robust market platform. Through this enterprise,

Our technologies

This solution is based on technologies

Market Connect is a startup focused on revitalizing Dorset's coast through community-led food and market halls. We curate an exclusive selection of local independent traders to provide them with the platform they need to grow their businesses—the goal, creating new opportunities within the vibrant local community. Our lineup includes various food and drink vendors along with retail units designated for butchers, fishmongers, and bakeries. Our mission goes beyond being a simple marketplace; Market Connect aims to re-ignite the connection between locals

How it works

We strategically meet customer needs by providing tailored solutions that align with their expectations.

Value for the client

Market Connect revitalizes Dorset's coast by fostering a community-driven marketplace. Our carefully curated platform propels local startups to success by giving them the exposure they need, creating new opportunities for businesses and boosting the local economy. We offer retail spaces for food vendors, butchers, fishmongers and bakeries catering largely to locals desiring quality fresh produce sourced locally. Market Connect is more than just a hub; it's where community members can leisurely gather around good food and delightful company while supporting their

Market and strategy

Market size

100

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

10

% of the market

Is our goal in the next 3 years

Team

My name’s

Matthew Walsh

My key role in the product

My key role is as the CEO, leveraging my decade-long industry experience to manage and streamline all operational aspects of our startup.

Team size and key members

General manager - oversee the day to day running of the market

Competitors

Competitors

Based on your business model, traditional coastal eateries and unconventional food trucks that offer locally sourced produce can also be potential competitors.

Our Advantages

Employing our deep-rooted experience and strong relationships in Dorset, we aim to create a curated selection of the finest food and drink producers. This springs from our profound understanding of market trends and consumer needs honed through years of operation.

Business model

We earn through a percentage of sales from traders and bar operations, along with income from hotel rooms. Operational costs are shared by all entities within the market.

Traction

We're in the nascent phase of our startup journey, having pinpointed two prospective locations. The authoring of our venture's first chapter is excitingly underway.

The initial funding will facilitate the acquisition and renovation of our building. We foresee requiring $100,000 for smooth cashflow operations while business revenue fuels further fiscal stability.

Metrics

Our principal metric is revenue tracking at Altrincham market, acting as a vital gauge to monitor our financial performance and growth.

Based on the selected locations, we plan to incorporate six food and beverage enterprises, projecting a conjoined revenue of £6.2 million. Moreover, we'd secure 10% of net income; yielding £620k and fully acquire bar revenues estimated at £1 million.

Incorporation

Our company incorporated in

United Kingdom

Key risks

The main risks of my project is the synergy and relationship between the different businesses. Maintaining a high level of service and quality of product will also be a challenge especially when the businesses will primarily be independent start ups that have not yet traded 7 days a week

Investments

$

0

We raised investments

Our Investors

No investors as yet

Rising Investments

$

2000000

Currently, we are raising investments

$

20000000

Estimated pre-investment valuation of the company

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Additional information

Market connect
Idea
Date of Foundation
2024