Attachment: Effective Lease - Cost Per Square Foot, Including Revenue-Sharing Morning Vibes Café
Revenue Share
Percentage
Projected
Annual Gross
Sales
Annual
Revenue
Share
Monthly
Revenue
Share
Base Monthly
Rent
Total Projected
Monthly Rent
Building
Floor Area
(SF)
Projected
Rent Per
SF
Including 150 SF
Dining Area
(Total: 342 SF)
Including 200 SF
Dining Area
(Total: 392 SF)
Previous Proposal 3.00% $ 165,000.00 $ 4,950.00 $ 412.50 $ 240.00 $ 652.50 192 $ 3.40 $ 1.91 $ 1.66 Updated Proposal 4.00% $ 165,000.00 $ 6,600.00 $ 550.00 $ 500.00 $ 1,050.00 192 $ 5.47 $ 3.07 $ 2.68 Previous Proposal 3.50% $ 195,000.00 $ 6,825.00 $ 568.75 $ 240.00 $ 808.75 192 $ 4.21 $ 2.36 $ 2.06 Updated Proposal 4.50% $ 195,000.00 $ 8,775.00 $ 731.25 $ 500.00 $ 1,231.25 192 $ 6.41 $ 3.60 $ 3.14 Previous Proposal 4.00% $ 225,000.00 $ 9,000.00 $ 750.00 $ 240.00 $ 990.00 192 $ 5.16 $ 2.89 $ 2.53 Updated Proposal 5.00% $ 225,000.00 $ 11,250.00 $ 937.50 $ 500.00 $ 1,437.50 192 $ 7.49 $ 4.20 $ 3.67 Utilities, garbage to be reimbursed to the City.
Latin & Asian Hospitality Group
Year
Revenue Share
Percentage
Projected
Annual Gross
Sales
Annual
Revenue
Share
Monthly
Revenue
Share
Base
Monthly
Rent
Total
Projected
Monthly
Rent
Building Floor
Area (SF)
Projected
Rent Per SF
Including
150 SF
Dining
Area
(342 SF)
Including 200 SF
Dining Area
(392 SF)
1 0.00% $ 325,000.00 $ - $ - $ 500.00 $ 500.00 192 $ 2.60 $ 1.46 $ 1.28 2 6.00% $ 365,000.00 $ 21,900.00 $ 1,825.00 $ - $ 1,825.00 192 $ 9.51 $ 5.34 $ 4.66 3 6.00% $ 410,000.00 $ 24,600.00 $ 2,050.00 $ - $ 2,050.00 192 $ 10.68 $ 5.99 $ 5.23 Utilities, garbage to be reimbursed to the City.
Skandariana International
Year
Revenue Share
Percentage
Projected
Annual Gross
Sales
Annual
Revenue
Share
Monthly
Revenue
Share
Base
Monthly
Rent
Total
Projected
Monthly
Rent
Building Floor
Area (SF)
Projected
Rent Per SF
Including
150 SF
Dining
Area
(342 SF)
Including 200 SF
Dining Area
(392 SF)
1 5.00%* $ 155,440.00 $ 7,772.00 $ 647.67 $ 1,000.00 $ 1,647.67 192 $ 8.58 $ 4.82 $ 4.20 2 5.00%* $ 170,980.00 $ 8,549.00 $ 712.42 $ 1,000.00 $ 1,712.42 192 $ 8.92 $ 5.01 $ 4.37 3 5.00%* $ 188,270.00 $ 9,413.50 $ 784.46 $ 1,000.00 $ 1,784.46 192 $ 9.29 $ 5.22 $ 4.55 * 5% of sales up to $20,000; or 8% of gross sales if above $20,000.
Inclusive of utilities, water, garbage and wifi.
Year
1 2
3