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Board discusses Touch of Italy bottle shop and leased food-and-beverage revenue
Summary
Managers said Touch of Italy opened a bottle shop July 4 and that leased food-and-beverage operations (including the Tiki Kitchen) are contributing to association revenues; staff said lease payments and a revenue share helped reduce the association’s net expenses.
Management reported that Touch of Italy opened a bottle shop on July 4 and that food-and-beverage spaces (including the Tiki Kitchen and a planned chef's table) are leased to the operator. The general manager said lease proceeds cover operating expenses and that a percentage of sales has produced an incremental revenue benefit.
"They're leasing it. They pay us a lease... The lease basically pays for our expenses," the general manager said. Management estimated combined contributions from food and beverage operations (revenue share and lease) in the range of roughly $150,000–$175,000 in the prior year, and board members highlighted the convenience and community value of the bottle shop. The association also noted it cannot participate in liquor profit-sharing outside the contract terms and follows regulatory requirements for leased operations.
Board members and staff said the arrangement helps keep member assessments lower by reinvesting proceeds into amenities and deferred-maintenance work. Questions from members about the bottle shop were directed to info@oceanpines.org for factual details.
