NORTH CAPE MAY – The food supplier Aramark will become the next concessionaire at the North Cape May terminal of the Cape May-Lewes Ferry.
The Delaware River and Bay Authority has authorized a 10-year lease with Aramark Sports and Entertainment LLC for about 11,750 square feet of space in the terminal building and about 15,550 square feet of contiguous patio space, and for periodic exclusive access to the contiguous green.
The resolution, adopted by the authority’s board of commissioners on Dec. 19, further says that Aramark will undertake at least $500,000 of capital improvements over the term of the lease. The lease may be extended upon mutual agreement of the two parties.
Rent will increase with the Consumer Price Index, being adjusted every five years. Aramark also agrees to pay the authority 7.5% of its gross revenues above $1.5 million, and 10% of gross revenues above $3 million.
The food concession at the ferry terminal was last operated by Exit Zero Hospitality as the Exit Zero Ferry Park. That relationship officially ends on March 1.
The authority received two proposals to replace Exit Zero, one from Aramark Sports and Entertainment and one from Nobil Food Services LLC.
According to its website, aramark.com, the company currently has 262,550 employees worldwide and operates in 15 countries on four continents. It serves 29 professional sports teams and more than 275 colleges and universities. The company serves nearly 2 billion meals each year and more than 1 billion cups of coffee.
Contact the author, Christopher South, at csouth@cmcherald.com or 609-886-8600, ext. 128.
