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COMPANY PROFILE DECK - OCTOBER 2022PG. 26COMPANY PROFILE DECK - OCTOBER 2022The Firm respectfully submits the rental schedule provided below and is open to negotiating any <br />terms further with the City of Sunny Isles Beach: <br />PROPOSED RENTAL SCHEDULE <br />Type of 1/1/2023-1/1/2024-1/1/2025-1/1/2026-1/1/2027- <br />Rent/Fees Description 12/31/2023 12/31/2024 12/31/2025 12/31/2026 12/31/2027 <br />Based on per square foot annually, based <br />on square footage in design proposed by <br />the Proposer; due monthly. <br />(See 2.14)3% annual increases <br />Base Monthly Rent* <br />$20,000.00 $20,600.00 $21,218.00 $21,854.54 $22,510.17 <br />Annual Base <br />Monthly Rent (A x 12)$240,000.00 $247,200.00 $254,616.00 $262,254.48 $270,122.04 <br />Percentage Rent 3.00%3.00%3.00%3.00%3.00% <br />Projected Net Sales Projected Annual Gross Receipts (See 2.15 $6,000,000.00 $6,500,000.00 $7,000,000.00 $7,500,000.00 $8,000,000.00 <br />(ii)) <br />$0.00 $15,000.00 $30,000.00 $45,000.00 $60,000.00 <br />(C x D)%%%%% <br />$240,000.00 $262,200.00 $284,616.00 $307,254.48 $330,122.04 <br />(B + E)$$$$$ <br />Estimated Total Lease <br />Payments <br />Proposed Lease Payments <br />% of net sales from restaurant sales; due <br />quarterly (See 2.15). For sales in excess of <br />$6,000,000 <br />Calculated Percentage Rent CAPITALINVESTMENTSCOMPANYINFOQUALIFICATIONSAPPROACHOURBRANDSCLOSINGFINANCIALSPrime 29, Inc., Request for Proposal No. 22-09-01