San Francisco International Airport accepting proposals for the following concession opportunities:
Terminal 1 Retail Concession Leases
The Request for Proposals includes 2 Newsstand Leases, 1 Newsstand and Convenience Store Lease bundle, 1 Electronics Lease, 1 Regional Gift Store Lease, 1 Bath & Beauty Store Lease and 1 Sunglass Store Lease.
The minimum financial offers range from $124,000.00 to $480,000.00 with terms of seven or ten years. Rent for the Electronics Store shall be the higher of the Minimum Annual Guarantee (“MAG”) or the sum of the percentage rent structured as follows: 8% of Gross Revenues achieved from licensed electronic products and hardware products; plus 12% of Gross Revenues achieved up to and including $500,000.00 (excluding licensed electronic products and hardware products) ; plus 14% of Gross Revenues achieved from $500,000.01 up to and including $1,000,000.00 (excluding licensed electronic products and hardware products); plus 16% of Gross Revenues achieved over $1,000,000.00 (excluding licensed electronic products and hardware products). Rent for all others leases shall be the higher of the MAG or the sum of the percentage rent structured as follows: 12% of Gross Revenues achieved up to and including $500,000.00; plus 14% of Gross Revenues achieved from $500,000.01 up to and including $1,000,000.00; plus 16% of Gross Revenues achieved over $1,000,000.00.
Terminal 1 Food and Beverage Concession Leases
The Request for Proposals includes 5 Quick Serve Restaurant Leases, 2 Sit-Down Restaurant and Bar Leases, 1 Café & Market Lease and 1 Café Lease.
The Minimum Annual Guarantees (“MAG”) range from $240,000.00 to $620,000.00 and the terms are ten years, plus one two-year option to extend exercisable at the sole discretion of the Airport Commission. Rent for the Quick Serve Restaurants and Café shall be the higher of the MAG or the sum of the percentage rent structured as follows: 8% of Gross Revenues achieved up to and including $500,000.00, plus; 10% of Gross Revenues achieved from $500,000.01 up to and including $1,000,000.00, plus; 12% of Gross Revenues achieved over $1,000,000.00. Rent for the Sit-Down Restaurants and Bar and the Café & Market shall be the higher of the MAG or the sum of the percentage rent structured as follows: 8% of Gross Revenues achieved up to and including $1,500,000.00, plus; 10% of Gross Revenues achieved from $1,500,000.01 up to and including $2,000,000.00, plus; 12% of Gross Revenues achieved over $2,000,000.00.
Small, local and disadvantaged businesses are encouraged to participate.
Proposals will be received through the Airport’s RFP Web Portal from 2:00 p.m. on Wednesday, April 25, 2018 until 2:00 p.m. on Wednesday, May 2, 2018.
For more information about each concession opportunity, please visit our website at www.flysfo.com/business-at-sfo/current-opportunities or please contact:
Terminal 1 Food and Beverage Concession Leases, call Mr. Tomasi Toki, Principal Property Manager, RDM at (650) 821-4500 or via e-mail at [email protected].
Terminal 1 Retail Concession Leases, call Ms. Clarissa Mamaril, Principal Property Manager, RDM at (650) 821-4500 or via e-mail at [email protected].
