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Procurement Roadmap:
<br />Cafe Space Lease at 18050 Collins Ave
<br />(as of March 2025)
<br />Real Estate Brokerage Services - Colliers International Florida. LLC
<br />DISTRIBUTED TO: Colliers did a targeted marketing campaign to 7,5000 email database on the offering.
<br />The marketing material was posted on CoStar, Loopnet and Crexi. It was opened 3000 times in total by
<br />1500 users.
<br />SCOPE OF WORK: Refer to attached Marketing Flyer — EXHIBIT G
<br />MINIMUM QUALIFICATION REQUIREMENTS: Firm(s) must submit audited financial statements for the
<br />past three (3) years, including an income statement, a profit and loss statement, a balance sheet and a
<br />cash flow statement. In lieu of audited financial statements, proposers may submit other evidence,
<br />acceptable to the City, of financial responsibility. This information will be reviewed by a City CPA.
<br />FOURTEEN (14) SUBMITTALS: Moritz, Bulldozer Group, Freddo Gelato, Kissaki, Veho Hospitality (Taco), Pi
<br />Co, Piola, Grand Cafe, Dandy, Boali, Bulle Maison, My Eatalian, Jon Smith Subs and Crema.
<br />MAX PROPOSED REVENUE FOR ENTIRE SPACE: $85 S/F, plus $15/sf CAM. = $11,407.50/monthly.
<br />ACTION TAKEN: In discussions with Colliers, and the review of their financial statements from the
<br />Finance Director, their proposed layout, proposed SF revenue, and several site -visits of existing locations
<br />in South Florida (Hallandale, Miracle Mile, Pinecrest, Davie), the City Manager recommended, with
<br />support of an internal citywide survey, Exhibit H, to enter into negotiations with Crema.
<br />TIMELINE FOR ENTIRE PROCUREMENT PROCESS FROM RELEASE TO ACTION TAKEN: Engaged in July
<br />after Negroni's negotiations fell through. July 2024 — September 2024 = 3 months & ongoing.
<br />In Conclusion, utilizing a well-established broker in the industry, a perfectly acceptable procurement
<br />method, in which we received 14 offers, opposed to 2 through the RFP process, we were able to be very
<br />selective and choose the right fit for this space. Located immediately adjacent to city offices, the goal
<br />was to partner with a well-established brand that serves high quality menu that the city will prides itself
<br />on. As well, this establishment is financially secure and serves breakfast, lunch and dinner, without a
<br />night life element.
<br />Considering all these factors, Crema, offering $85 SF, $52.50 more than our original RFP process, is why
<br />the City Manager's office recommended entering into agreement with Crema, exhibit O.
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