85 Broad Street Suite 17-004, New York, NY, 10004
PIN#X39-SB-R
The City of New York Department of Parks & Recreation ("Parks") has awarded a concession to Unwind Hospitality LLC (“Concessionaire”), of 85 Broad St. Suite 17-004, New York, NY 10004, for the development, operation, and maintenance of a snack bar and merchandise concession with the option of a full-service restaurant at the Orchard Beach Pavilion, Pelham Bay Park, Bronx. The concession, which was solicited by a Negotiated Concession, will operate pursuant to a license for one (1) twenty (20) year term. Concessionaire shall pay to the City license fees consisting of the greater of a guaranteed minimum annual fee versus a percentage of gross receipts:
OPERATING YEAR MINIMUM ANNUAL FEE OR % OF ANNUAL GROSS RECEIPTS
Year SNACKBAR RESTAURANT
1: $100,000 vs. 6% $0 vs. 6%
2: $105,000 vs. 6% $60,000 vs. 6%
3: $110,250 vs. 6% $63,000 vs. 6%
4: $115,763 vs. 6% $66,150 vs. 6%
5: $121,551 vs. 6% $69,458 vs.6%
6: $127,628 vs. 6% $72,930 vs. 6%
7: $134,010 vs. 6% $76,577 vs. 6%
8: $140,710 vs. 6% $80,406 vs. 6%
9: $147,746 vs. 6% $84,426 vs. 6%
10: $155,133 vs. 6% $88,647 vs. 6%
11: $162,889 vs. 6% $93,080 vs. 6%
12: $ 171,034 vs. 6% $97,734 vs. 6%
13: $179,586 vs. 6% $102,620 vs. 6%
14: $188,565 vs. 6% $107,751 vs. 6%
15: $197,993 vs. 6% $113,139 vs. 6%
16: $207,893 vs. 6% $118,796 vs. 6%
17: $218,287 vs. 6% $124,736 vs. 6%
18: $229,202 vs. 6% $130,972 vs. 6%
19: $240,662 vs. 6% $137,521 vs. 6%
20: $252,695 vs. 6% $144,397 vs. 6%