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Concession Opportunities at San Francisco International Airport for the Harvey Milk Terminal 1 Food and Beverage Concession Leases in Phases 3 and 4

September 18, 2019 Airport No Comments Email Email

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 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 (MAG) range from $275,000.00 to $1,685,000.00:

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 $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 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 $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.

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 $2,000,000.00, plus, 10% of Gross Revenues achieved from $2,000,000.01 up to and including $2,500,000.00, plus, 12% of Gross Revenues achieved over $2,500,000.00.

All Leases shall have a term of twelve years with one 2-year option to extend at the Airport Commission’s discretion.

The Informational Conferences will be held on:

  • When:  Thursday, October 3, 2019
  • Time: 10:00am
  • Location:  SFO Aviation Museum and Library

Small, local and disadvantaged businesses are encouraged to participate.

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