Open Market - Guide

If you are interested in trading on the market, the outdoor market is the ideal first step for the new entrepreneur. With a choice of trading days, stall charges and with no long-term contracts, it's perfect for trying your new venture.

MARKET DAYS
Monday, Wednesday, Friday and Saturday

CHARGES w.e.f 1/4/09
Day Large Market Small Market
Monday £16.00 £16.00
Wednesday £18.00 £18.00
Friday £20.00 £20.00
Saturday £25.00 £25.00

STALL SIZES
Large Market 12ft x 9ft . Small Market 9ft x 9ft

LETTING TIMES
Casual traders should register at the Market Office between 7.45am and 8.15am. Casual traders will be allocated stalls between 8.15am and 8.30am after regular traders have completed transfers.

Open Market
Open Market
INSURANCE
All traders are required to provide confirmation that they have Public Liability Insurance cover for a sum of £5,000,000. Such Insurance can be obtained from most Insurance brokers or you can contact any of the organisations below who specialize in Insurance for Market Traders.

G.M.Imber & Sons Ltd:
The current cost is £50.00 and applications can be made on line by visiting www.gmisl.co.uk.
The telephone number is 0870 6066 668 and the fax number is 020 7252 3656.
National Market Traders Federation:
The current cost is £74.00 and applications can be made on line by visiting www.nmtf.co.uk.
The telephone number is 01226 749021 and the fax number is 01226 740329.
Combined Market Traders Insurance Association:
The current cost is £47.00 and applications are due to available on line from the 1st October 2007 at www.cmtia.com.
The telephone numbers are 0208 500 8489 and 0208 554 5273.
- Please check prices direct with the organizations concerned.
Open Market - Lancaster Road

IDENTIFICATION
All traders who attend Preston Market must provide some form of identification before they are permitted to stand. The Identification must include the persons name and address.

RULES AND REGULATIONS
All traders will be provided with a copy of the Market Rules and Regulations on the first day they trade.

CATEGORY LIST
Preston Markets operates a category list. The list broadly defines what goods and services are permitted to be sold under various categories. Only one category of goods or service is permitted to be sold on each stall. New traders are recommended to view the category list before attending the Market. The list is available from the Market Office and a copy will be forwarded on request.

TRADING TIMES
Monday, Wednesday and Friday: - Minimum trading hours 9.30am until 3.45pm. Saturday 9.30am until 4.30pm

Advice
Whether this is your first venture into retailing or simply the next stage, it's worthwhile doing a bit of homework first.
We always recommend that you have a good look around the Market and carefully consider the competition that you may be facing from existing established traders. Also consider your competitors in the rest of the town centre. Don't just wander around on a Saturday, when the town's folk pour into the town centre. Consider the full week, especially the quieter trading days, like Mondays.
If you know another trader on the Market, seek their advice, especially in relation to where to source your goods. Established traders have, in many cases years of experience and can often point out the pitfalls.
Market trading or being self-employed is not a guarantee of success. However if you have the right product, at the right price, with a little luck, you can go far… look at JJB Sports, Marks and Spencer's and Richard Branson, to name a few.

 
 
 

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