Foundry & Lux May 2021

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MAY 2021


reopening • The walk-up window has been moved indoors and we have restricted access beyond the café. Several safety measures have been put into place to keep guests and staff safe, such as sanitizer at every table and plexiglass dividers. We also have ample signage to help inform guests. • Togo orders are still very popular, however, participation is steadily increasing to people ordering grab and go and eating onsite.


CINCO DE MAYO Horchata Latte Traditional Mexican horchata served with equator espresso, topped off with cinnamon

Quesabirria House-made tortillas with beef birria and cheese, served with consome

Esquite Salad Mexican street corn salad with grilled corn, romaine, avocado, radish, crema, queso fresco, lime


CINCO DE MAYO

Siete Leyes – watermelon margarita with a kick Siete Leguas tequila, watermelon, jalapeno, agave, lime Rose Paloma – refreshing floral and easy to drink Vida mezcal, grapefruit, rose water, lime Oaxaca Old Fashioned – a south of the border twist on an old fashioned • Herradura Reposado tequila, Vida mezcal, agave, bitters, orange • • • • •


What’s new • • • •

Extended hours in the Lounge due to participation Daily lunch deliveries to AbbVie Photoshoot at Chandlery with DES Café is now reopened! • Added a juice menu • Grab & Go menu • New and additional breakfast options


Drop off catering TITLE

• Oracle VIP breakfast • Transwestern/Phase 3 tour lunch • AstraZeneca requested another round of snack boxes – F&L chex mix, crispy chickpeas, chips & salsa, melon & proscuitto skewers


ONSITE EVENTS TITLE

• • •

• •

Frontier utilized the back half of The Lounge in addition to The Private Dining Room for a team “happy hour lunch” to watch the Chelsea VS Real Madrid match Tenaya hosted an all-day meeting in The Private Dining Room for the executive team and the hosted Happy Hour on The Patio for 20 Tenaya employees Global Blood Therapeutics hosted their 4th event this spring in The Fire Pit Area. They are hosting smaller events in the space to see how the team interacts with being onsite again Cytomx hosted their first event in The Fire PIt Area. They used this event as a gauge to see how the team would feel about interacting closely before bringing more additional people onsite TRex Bio hosted a company celebration in the back half of The Lounge in addition to The Private dining Room Charles River Labs hosted their 2nd event in The Fire Pit Area before the holiday weekend


Social media • Instagram saw an increase in followers from 1297 to 1319

new users: 28

www.foundryandlux.com

www.foundryandlux.com


DOORDASH RESULTS -

DoorDash sales were strong this month, with a small increase in both total sales and average order size.

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As more people return to work we are continuing to see a trend towards orders with larger averages.


Financial RECAP Sales: Total sales for the period totaled $119k with a weekly average of $29.7k. Labor: Labor in May has been monitored carefully and have incorporated minimal staffing needed to execute service in the back of house. Catering and events have really ramped up which is keeping everyone busy! We received a credit of $3,479, from CARES ETRC Medical, which hit in week 4. Other Expenses: Other expenses and outside services have continue to be cut and suspended wherever possible. Total Losses: Overall losses were ~$24.2K for the 4-week period. Tenants are eager to host more events at Foundry. We’ve seen a steady growth for both offsite catering and onsite tenant events.

WEEKLY SALES BY REVENUE STREAM 50000 45000 40000 35000 30000 25000 20000 15000 10000 5000 0 May W4

May W3

May W2

May W1

Cafe/Lounge

April W5

April W4

April W3

April W2

April W1

March W4

March W3

March W2

March W1

February W4

February W3

February W2

February W1

January W4

January W3

January W2

January W1

Catering

Online Sales

Total


LOOKING Forward •

Catering to Snowflake’s executives

Catering to Roblox 3 days a week

Parties and meetings held at Chandlery

Tenant event at Sierra Point

Increasing daily lunches to AbbVie

ZOOX starting their onsite program, F&L will be responsible for 40 meals beginning June 16.

Summer menu

Opening the Dining Room once all restrictions are lifted


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