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Restaurant - Breakfast/BBQ/Seafood $1 mil Annual Gross Sales Scotland Neck, NC

Property Location MAP

615 Main St
Scotland Neck, NC 27874

Property #: FX4679

Contact Agent

Linda Terry
Tranzon Fox

804-354-9090 lterry@tranzon.com
Restaurant - Breakfast/BBQ/Seafood $1 mil annual gross sales
  • 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

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.

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.

Real Estate:
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
Generac generator
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

Restaurant:
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.

NCAF4953

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Linda Terry

Linda Terry: Tranzon Fox

804-354-9090 lterry@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 45-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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