I've seen a few percentage rent agreements in my auditing days (I am the Canadian equivalent of a CPA).
The ones that I saw were the greater of $X per square foot and (something like 7% to 10% of sales). In most cases, the $X per square foot was higher (and probably would be in your case as well).
The way they verify the sales number is that they get your accountant (which they may insist to be a CPA) to certify that it agrees with your books.
I agre with others though - likely shouldnt be applicable unless you were in a big plaza or mall.
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