The Airport Commission has commenced the Request for Proposals (RFP) process for the Terminal 2 Specialty Retail Concession Lease No. 2. The specialty retail store comprises of approximately 765 square feet. Concepts excluded are sunglasses, news, electronics and candy.
The proposed minimum financial offer is $200,000.00 with a term of seven years. Rent for the retail store shall be the higher of the Minimum Annual Guarantee 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.
An Informational Conference will be held on Thursday, November 15, 2018 at 10:00 a.m. at the Aviation Museum at San Francisco International Airport. This is a time when Staff will discuss desired concepts, minimum qualification requirements, address any questions relating to the Lease and receive comments from participants. Small, local and disadvantaged businesses are encouraged to participate.
Please see http://www.flysfo.com/business-at-sfo/current-opportunities for additional information or call Clarissa Mamaril, Principal Property Manager, of Revenue Development and Management Department, at (650) 821-4500.
