September 17 2019  |  Airlines & Airports

San Francisco Airport announces T1 F&B concession opportunities

By Hibah Noor

San Francisco Airport Commission has begun the Request for Proposals (RFP) process for the Harvey Milk Terminal 1 food and beverage concession leases in Phases 3 and 4.

The RFP includes a Gourmet Grab & Go Market Lease, a Food Hall and Pop Up Food Program Lease, a Sit-Down Restaurant & Bar Lease, and two Small Business Enterprise Set-Asides for a Coffee Lease and a Japanese/Poke Lease.

The proposed Minimum Annual Guarantees (MAGs) range from US$275,000 to US$1,685,000.

Rent for the Grab & Go Market, Coffee, and Japanese/Poke Leases 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 US$500,000.00, plus; 10% of gross revenues achieved from US$500,000.01 up to and including US$1,000,000.00, plus; 12% of gross revenues achieved over US$1,000,000.00.

Rent for the Sit-Down Restaurant & Bar Lease 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 US$1,500,000.00, plus; 10% of gross revenues achieved from US$1,500,000.01 up to and including US$2,000,000.00, plus; 12% of gross revenues achieved over US$2,000,000.00.

Rent for the Food Hall and Pop-Up Food Program Lease shall be the higher of the MAG or the sum of the percentage rent structured as follow: 8% of gross revenues achieved up to and including US$2,000,000.00, plus, 10% of gross revenues achieved from US$2,000,000.01 up to and including US$2,500,000.00, plus, 12% of gross revenues achieved over US$2,500,000.00.

All leases shall have a term of 12 years with one two-year option to extend at the Airport Commission’s discretion.

Informational conferences will be held Thursday, October 3, 2019, 10:00am, at SFO Aviation Museum and Library.

Small, local and disadvantaged businesses are encouraged to participate.

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

Brand News

September 22 2020

Schäfer Airport Retail launches…

​Germany's Schäfer Airport Retail has launched a new range of hygiene and safety products into the airport retail market…

By Hibah Noor

September 22 2020

Revamped Dr.Ci:Labo brand names…

​Johnson & Johnson-owned Dr.Ci:Labo, the number one derma-cosmetics brand in Japan, has undergone a brand transformation…

By Mary Jane Pittilla

September 22 2020

Bottega employees ask to countertrend…

​Working at full speed in a company is an important value, it is a synonym of normality that many people miss – even in times…

By Laura Shirk

September 22 2020

Nuwave Channel Partners confirms…

Nuwave Channel Partners has signed an exclusive agreement with Ireland’s JS Design Concepts to manufacture and distribute…

By Laura Shirk

September 18 2020

LEGO Group to invest big to accelerate…

​The LEGO Group has announced plans to invest up to US$400 million over three years to accelerate…

By Laura Shirk

September 17 2020

Giorgio Lepratto new Head of GTR…

​Italian luxury accessories brand Coccinelle has announced the appointment of Giorgio Lepratto as Head of Global Travel Retail

By Wendy Morley

September 15 2020

Beam announces new GM & transformed…

​Beam Suntory, a world leader in premium spirits, has announced the appointment of Phil Restall as General Manager of Travel…

By Laura Shirk

September 15 2020

HARIBO takes positive approach…

​The confectionery brand HARIBO is taking a positive approach to its future in travel retail with new products and virtual…

By Laura Shirk

September 15 2020

Coccinelle inspired by Italy in…

​Coccinelle’s Fall/Winter 20/21 campaign is fronted by Italian actress Valentina Bellè, with an all-Italian team including…

By Mary Jane Pittilla

Copyright 2020 DutyFree Magazine. All rights reserved. Privacy Policy Sitemap