We charge the following rate to the current restaurant concession at John Wayne Airport:
The higher of MAG $1,599,452 ($133,288 per month) or the sum of (1) 21% of gross receipts for alcoholic beverages and (2) 14% of gross receipts for food and non-alcoholic beverages.
Loan Leblow, CPA
Assistant Airport Director
John Wayne Airport
From: help-owner@xxxxxxxxxxxxxxxxxxxxxx [help-owner@xxxxxxxxxxxxxxxxxxxxxx] On Behalf Of RStein@xxxxxxxx
Sent: Wednesday, March 08, 2006 9:59 AM
Subject: CAA: Mutual Help List, Restaurant fees at airport
I'm currently in negotiations with a restaurant concession at my non-hub
airport. I've been assigned to find out what other airports charge for a
restaurant concessionaire and to come up with an "average".
We charged the previous tenant $3K per month minimum guarantee with a 4.5%
percentage of gross.
Thanks for your help,
Richard M. Stein, A.A.E.
Four Corners Regional Airport
800 Municipal Drive
Farmington, NM 87401-2663
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