Below are the effective rents (minimum annual guarantee and percentage and the term on the lease).
Please note that Anthony’s closed on March 31 of this year. The new concept that was awarded as part of LG4A is Salty’s/Brewtop Social.
Salty’s/Brewtop Social Lease Group 4A
Minimum Annual Guarantee $1,200,000
Gross Sales Less than $20 Million 14.5%
Gross Sales between $20 Million and $30 Million 16.0%
Gross Sales greater than $30 Million 17.5%
Lucky Louie Lease Group 3
Minimum Annual Guarantee $400,000
Annual Gross Sales 12.5%
Bambuza Lease Group 4
Minimum Annual Guarantee $275,000
Annual Gross Sales 13.6%