The Airport Commission has commenced the Request for Proposals (RFP) process
for the Harvey Milk Terminal 1 Food and Beverage Concession Leases in Phases 3
and 4. The Request for Proposals includes a Gourmet Grab & Go Market Lease, a
Food Hall and Pop Up Food Program Lease, a Sit-Down Restaurant & Bar Lease,
and 2 Small Business Enterprise Set-Asides for a Coffee Lease and a
Japanese/Poke Lease.

The proposed Minimum Annual Guarantees (MAG) range from $275,000.00
to $1,685,000.00 and the terms are twelve years with one 2-year option to
extend at the Airport Commission’s discretion.

Rent for the Grab & Go Market, Coffee, and Japanese/Poke Leases shall be
the higher of the MAG or the sum of the following: 8% of Gross Revenues
achieved up to and including $500K, plus; 10% of Gross Revenues achieved
from $500K up to and including $1M, plus; 12% of Gross Revenues achieved
over $1M.

Rent for the Sit-Down Restaurant & Bar Lease shall be the higher of the MAG or
the sum of the following: 8% of Gross Revenues achieved up to and including
$1.5M, plus; 10% of Gross Revenues achieved from $1.5M up to and including
$2M, plus; 12% of Gross Revenues achieved over $2M.

Rent for the Food Hall and Pop-Up Food Program Lease shall be the higher of
the MAG or the sum of the following: 8% of Gross Revenues achieved up to
and including $2M, plus, 10% of Gross Revenues achieved from $2M up to and
including $2.5M, plus, 12% of Gross Revenues achieved over $2.5M.

The Informational Conferences will be held on Thursday, October 3, 2019 at 10:00
a.m. at the Aviation Museum at San Francisco International Airport.

Please see http://www.flysfo.com/business-at-sfo/current-opportunities for
additional information or call Tomasi Toki, Principal Property Manager, Revenue
Development and Management Department, (650) 821-4500.