Term and schedule: Three years, anticipated to start January 1, 2027, with two optional one-year extensions. Operate every Wednesday, Saturday, and Sunday.
Operations: Provide staffing, vendor recruitment and booth management, fee collection and accounting, parking and traffic control, custodial services, waste hauling, restroom supplies, and venue damage repairs.
Safety: Provide at least one law enforcement officer at the main gate, private security at other entry points, first aid, and emergency response coverage.
Marketing and events: Fund at least $12,500 monthly in promotion and coordinate at least 12 specialty events annually.
Pricing: Quote an all-inclusive commission of 23%–29% of gross receipts, covering operating costs, taxes, marketing, and a reserve contribution equal to 1% of monthly gross receipts.
Revenue targets: $6.5 million in first-year gross revenue and 3% annual growth; missed growth targets carry a penalty of 20% of the revenue shortfall.
Qualifications: At least three years of experience with a marketplace of 200 or more vendors; ability to maintain a $1.5 million performance bond or cash equivalent and required insurance, including $5 million general liability coverage.
XL Eagle