San Francisco International Airport (SFO) is once again accepting proposals for the Terminal 3 Retail Marketplace Lease for the creation of a new retail offer comprising a seven-year contract, plus two one-year options – with a proposed opening date for the new store set at 1 January 2017.

This contract was originally put out to bid earlier this year, but has now been reissued and the minimum annual guarantee reduced by the SFO Airport Commission at the request of an interested party.

MULTIPLE PRODUCT ZONES ENVISAGED 

According to SFO its envisaged new Terminal 3 store will comprise approximately 5,200sq ft with the concept reflecting a retail marketplace covering multiple product category zones, including items such as newsstand goods, fashion accessories, confectionery, beverages and gifts.

 

YEAR 1 GUARANTEE: $1.35M

Each category or zone of goods should not exceed 25% of the store selling space, while 400sq ft is the maximum back room storage area permitted.

 

Categories of goods which may not be sold under this retail concept include electronics, luggage, jewellery, team sports, spa, juice/smoothie bar; alcohol for immediate consumption; and expresso or specialty coffee.

SFO has set the minimum first-year lease minimum annual guarantee at $1,350,000.00 and says it will award the business to ‘the highest-ranked, most responsive and responsible proposer’.

 

CONCESSION EVALUATION CRITERIA

The airport’s final evaluation criteria has not changed from its original RFP, with the value of the proposed concept set at 40 points, followed by design intention worth 25; customer service and quality control 15; business plan 10; and minimum annual guarantee offer 10%.

Airport management says it is encouraging small, local, and disadvantaged businesses to participate, with each bidder required to deposit a guarantee of $375,000 to ensure it will execute the lease should it win. This needs to be supplied in the form of a surety bond or an irrevocable letter of credit.

SFO says the revised time and date for the submission of proposals under the new schedule is now 1400 on Monday, 25 July 2016 and the deadline for the airport’s receipt of all these offers is 1400, 29 July, 2016.

 

 

MORE INFORMATION/PROCEDURE:

Any companies wishing to obtain the Request for Proposals (RFP) Document, Addendum No. 1, Addendum No. 2, and related documents can do so by contacting Scott Blood, City Hall Fellow & Assistant Property Manager, Revenue Development and Management, at (650) 821-4500.

 

Alternatively, more information can be found online and directly at http://www.flysfo.com/business-at-sfo/current-opportunities