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  5. ›Food and Beverage Concession - Valley Brook Golf Course

Awarded contract·Bergen County Department of Parks and Recreation·New Jersey

Food and Beverage Concession - Valley Brook Golf Course

Won by Green Point Restaurant Corporation$1.6MSingle Award
Contract source

Awarded vendors

  • Green Point Restaurant Corporation

Description

The contract is for the management and operation of food services at Valley Brook Golf Course in River Vale, New Jersey. The contract term is for three consecutive years, commencing on or about the date of award, with two one-year renewal options. The vendor, Green Point Restaurant Corporation, will make monthly rent payments to the county, which will include a base rent payment and a percentage of gross sales receipts. The contract also includes utility charges. The scope of work includes the operation of food services at the golf course. Key points to consider: • The contract term is for three years with two one-year renewal options. • The vendor will make monthly rent payments to the county. • The contract includes utility charges. • The scope of work includes the operation of food services at the golf course.

Attached files

Key dates

Starts
5/1/2024
Ends
4/30/2026Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Food and Beverage Services
NAICS
722310
Solicitation №
175824

Contract value

$1,584,000

To estimate the value of this contract, we can look at the monthly rent payments that the vendor will make to the county. The base rent payment for the first year is $1,400.00 per month, and it increases by 3% each year. Additionally, the vendor will pay 3% of gross sales receipts. The utility charges are $1,500.00 per month. Assuming an average monthly gross sales receipt of $50,000, the total monthly payment to the county would be $1,400 (base rent) + $1,500 (utility charges) + $1,500 (3% of gross sales receipts) = $4,400. For a three-year contract term, the total value would be approximately $1,584,000.

AI estimate from the award documents

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