It may be the same space, but with a new owner, direction, and excited staff, comes a whole new level of confidence for the freshly renamed People’s Marketplace.
People’s Marketplace will take over the space once occupied by Bristol’s Marketplace, a grocery store that grand opened in July of 2012 to waves of support from the community. Unfortunately, the business encountered partnership issues, which sidelined the grocer longer than expected.
But those issues are now over, and the store is back in its second life, this time reenergized, and committed to being a downtown staple long into the future.
New owner Pradeep Bokka is the store’s new leader, and intends to be hands on to ensure everything is running smoothly. Bokka has a history of owning successful retail/food service businesses, and comes equipped with a strong financial background that allows him the ability to forecast business successes. Bokka is focused on staying the course with the business plan.
“The Marketplace’s model was always solvent, but there were hiccups that sidetracked the business plan,” Bokka said. “Considering those issues are resolved, I’m thrilled to have an open path toward establishing People’s Marketplace, and reinforcing our commitment to bring a high quality grocer to the community.”
Bokka has been working with former Marketplace partner Sunny Mothe to connect with bankers, vendors, and advertisers whom Mothe had an established rapport. Mothe will initially consult on operations to help the grocer gain its footing.
One promising sign is upon review of Bristol’s Marketplace’s statistics, Bokka said he was impressed with the support for the store.
“The customer counts were higher than projections,” Bokka said. “I can clearly see a passion for a great neighborhood grocer downtown, and we plan to deliver just that.”
Now that People’s Marketplace is restructured and ready to go, a grand opening date of
Friday, Oct. 11 has been set. There will be a ceremonial ribbon cutting in the morning.
“We’ll hit the ground running,” Bokka started. “I hope everyone comes down and give us a chance to exceed your expectations with our selection of quality groceries at a great value.”
Currently, the store is in the process of receiving shipments, and staff will be busy loading shelves up to opening day. Store hours are slated to be 6 a.m. to 10 p.m.
“Come October 11th, we’ll be fully stocked to operate and service the people,” Bokka said. “We can’t wait.”
People’s Marketplace is located at 15 Memorial Boulevard.