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FINDING THE BEST OPTIONS FOR ENTERING THE AIRPORT

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Presentation on theme: "FINDING THE BEST OPTIONS FOR ENTERING THE AIRPORT"— Presentation transcript:

1 FINDING THE BEST OPTIONS FOR ENTERING THE AIRPORT
Sub-Contract Joint Venture FINDING THE BEST OPTIONS FOR ENTERING THE AIRPORT Or Go at it Alone

2 Director of Business Development Raleigh-Durham International Airport
INGRID HAIRSTON Director of Business Development Raleigh-Durham International Airport @IHairston

3 DBE CONSULTING LLC. & TRAVELING GRACE @dbeConsulting
KIMBERLY GRIFFIN OWNER/ CEO DBE CONSULTING LLC. & TRAVELING GRACE @dbeConsulting

4 VICE PRESIDENT OF PARTNER RELATIONS & BUSINESS DIVERSITY
COURTNEY THORNTON VICE PRESIDENT OF PARTNER RELATIONS & BUSINESS DIVERSITY HUDSON GROUP

5 AIRPORT

6 I HAVE A GREAT CONCEPT, NOW WHAT?
Airport Research Submit Proposal PAX PROFILE RETAIL GOALS CUSTOMER MARKET AIRPORT INFORMAL OR RESPONSE TO RFP/RFB Business Plan

7 Prototype Store Design Unique or Desired Concept
AIRPORTS ARE LOOKING FOR CONCESSION PARTNERS WITH… + - Prototype Store Design Unique or Desired Concept Business Plan Owner Experience Concept Overlap Limited Capital Minimal Experience

8 TIPS & ADVICE TO IMPROVE YOUR ODDS

9 CONSULTANT

10 Upcoming Opportunities
Potential Possibilities Joint Venture Sublease/Direct lease Supplier Some airports have trail kiosk programs Look for bids Understanding requirements Attending pre-bid meeting Attending airport conferences

11 Your Brand Your Qualifications Know your strengths and weaknesses
How do you expand your brand to meet the needs of the RFP in the airport? Do you have a local regional national concept or brand? What are your qualifications? Is your company ACDBE Certified? Do you have an ACDBE partner?

12 Your Business Your Concept Do you have your capital in place?
Can you afford to take on the whole percentage in a joint venture? What would be your roles and responsibilities and Do you have a track record and a management team? Is there someone or a business that's in this industry that you admire? Is this a proven concept? Do you know what square footage that would be needed for your particular concept? Do you have your drawings of the space?

13 MASTER/ PRIME CONCESSIONAIRE

14 ACDBE SUCCESS & GROWTH Understand the History of the Program
ACDBE Certification *NAICS Codes Research Viable Opportunities *UCP – Complete the Streamlined Process Identify Knowledgeable People Willing To Help

15 KNOW THE GOALS OF THE PROGRAM
National vs. Local Brands Concepts Trends Plan to Optimize Sales & Revenue Merchandise Preferences Goal for Local, Women & Minority Owned

16 NETWORKING IS INVALUABLE
Local Stakeholder Meetings Outreach Events FAA Website Industry Organizations

17 VETTING Maintain a Company File with Up-To-Date Information
Ensure Good Standing In Respective Markets Connect with Key Individuals to Express Interest Identify Options to Participate Roles, Responsibilities & Risks

18 VETTING (CONTINUED) Research Financial Capacity and Financing Options
Educate Yourself About The Opportunity & Key Stakeholders Community Involvement Regular Contact to Remain On Radar

19

20 HYATT REGENCY PRODUCTION TEAM
MODERATOR PANELEST #1 ERIC FRIEDMAN INGRID HARISTON PANELEST #2 PANELEST #3 KIMBERLY GRIFFIN COURTNEY THORNTON SPECIAL THANKS TO ANDY TELLIJOHN HYATT REGENCY PRODUCTION TEAM


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