Restaurant - Breakfast/BBQ/Seafood $1 mil annual gross sales
If you visit this restaurant during open hours, please respect privacy and DO NOT ask to speak with a manager or the owner. In the interest of keeping staff, seller is not discussing the sale.
Selling Real Estate and Open, Operational Restaurant
Walk-Thru Buffet Style & Drive-Thru
Open 6 days, 7 a.m. - 8 p.m. Established, regular clientele
Turnkey, operational restaurant with real estate in prime Main St location. Serves breakfast, lunch and dinner. Buyer's Option to maintain Abrams Franchise or go solo. Business reorganized in 2017, and business changed from 7 days/week to 6 (closed Mondays) sales increased 20% and have maintained despite pandemic shutdown and restrictions. 2021 is also on track to do around $1 million gross annual sales. Out of town patrons are attracted to Scotland Neck for hunting and the world-renowned Sylvan Heights Bird Park, home to the world's largest collection of rare and endangered waterfowl, which draws around 30,000 visitors to Scotland Neck annually.
Sales have maintained steady at $1+ million gross 2018, 2019, 2020, and 2021 is on track for the same volume. Confidentiality agreement must be e-signed to obtain financial reports.
Constructed in 1969, but completely rebuilt in 2011 - effective age of building 10 years
+/- 2,494 SF
Drive through window and menu board w speaker
Rinnai tankless hot water heater
30 striped parking spaces
Walk up service counter
Buffet line at front counter with servers, self serve drinks
Two single-stall restrooms
2 International Cold Storage walk-in coolers
Exterior roof access ladder
Rubber membrane roof with air handler
Exterior spigot with hot/cold water wash station
12 x 28 frame storage shed at rear, half storage, half cook house
Leased propane tank - Daughtridge Gas Co.
Leased Chart Carbo Mizer exterior bulk Co2 tank
Seats +/- 60 patrons, 4 booths plus 4 and 6-top tables and outdoor front porch seating
Kitchen FF&E includes known brands: Blodgett, Servware, Arctic Air, Henny Penny, Royal, Wells, Hoshizaki
Refrigerators, gas cooktops, ovens, fry station, prep tables, shelving, racks, storage containers, disposable cups, flatware and food boxes
Leased - Pepsi drink dispensers
Note: restaurant company pays $36,000 annual rent to seller's real estate holding company. Add that back in to net profits, along with owner salary and truck expense for true NOI.
Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction. A signed Confidentiality Agreement is required to download.