The Airport Commission has commenced the Request for Proposals (RFP) process for the following opportunities:
- International Terminal “A” Food Hall and Café Concession Lease
The Minimum Annual Guarantee (“MAG”) for the first year of the lease would be $495,000.00. The term of the lease would be ten (10) years with two (2) one-year options. The base rent would be the higher of the MAG or the sum of the percentage rent structured as follows: 6% of Gross Revenues achieved up to and including $2,500,000.00; plus 8% of Gross Revenues achieved from $2,500,000.01 up to and including $3,000,000.00; plus 10% of Gross Revenues achieved over $3,000,000.00.
- International Terminal “A” Historic Restaurant Concession Lease
The Lease is for a restaurant brand which has been in operation in the City of San Francisco for 30 years or more, with no break in San Francisco operations exceeding two years. The Minimum Annual Guarantee (“MAG”) for the first year of the lease would be $330,000.00. The term of the lease would be ten years with two one-year options. The base rent would 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 $1,000,000.00; plus 10% of Gross Revenues achieved from $1,000,000.01 up to and including $1,500,000.00; plus 12% of Gross Revenues achieved over $1,500,000.00.
- International Terminal “A” Coffee Kiosk Concession Lease
The Minimum Annual Guarantee (“MAG”) for the first year of the lease would be $165,000.00. The term of the lease would be seven years with two one-year options. The base rent would be the higher of the MAG or the sum of the percentage rent structured as follows: 6% of Gross Revenues achieved up to and including $1,000,000.00; plus 8% of Gross Revenues achieved from $1,000,000.01 up to and including $1,500,000.00; plus 10% of Gross Revenues achieved over $1,500,000.00.
Small, local and disadvantaged businesses are encouraged to participate.
The Informational Conference is on Wednesday, April 5, 2017, at 10:00 a.m. at the Aviation Museum and Library in the International Terminal at San Francisco International Airport. This is a time when staff will discuss desired concept, minimum qualification requirements, address any questions relating to the Lease and receive comments from participants.
Please see http://www.flysfo.com/business-at-sfo/current-opportunities for additional information about these concession opportunities, please contact:
- IT-A Food Hall and Café Concession Lease, call Mr. Tomasi Toki, Principal Property Manager, RDM at (650) 821-4500 or via e-mail at [email protected].
- IT-A Historic Restaurant Concession Leases, and
- IT-A Coffee Kiosk Concession Leases, call Mr. Trevor Brumm, Principal Property Manager, RDM at (650) 821-4500 or via e-mail at [email protected].
