100 S Us-701 Byp 10,356 SF Retail Building Tabor City, NC 28463 $5,628,000 CAD ($543.45 CAD/SF) 12% Cap Rate

Dale's Seafood Restaurant: Established in 1985
Here is an exceptional opportunity to acquire a highly profitable seafood restaurant generating over $2.8M in annual gross revenue, paired with pristine commercial real estate. The business shows a healthy net profit after paying two owners full salaries and bonuses, making the true cash flow of the business is exceptionally high. this allows a new owner the option to be "hands on" and keep more of the profit or choose to hire a manager to run the business and use those salaries to get the right person to fulfill that role. Following a complete fire rebuild in 2018, the property features a modern, fully up-to-code 2,500 sq. ft. building and state-of-the-art commercial kitchen equipment and the ability to seat up to 250 people. This turnkey package offers an investor zero immediate maintenance costs and massive expansion potential on a high-visibility 2-acre lot with customer parking.
Following the 2019 reopening, the business immediately captured 100% of its original customer base and historical profit margins, demonstrating an incredibly loyal clientele and a bulletproof local market presence. Highway 701 is heavily traveled by locals and out of town travelers headed to the beaches. Tabor City is located in Columbus County, about 30 to 40 miles north of the South Carolina coast, meaning you can drive to North Myrtle Beach in about 35 to 45 minutes. With the continued growth happening all around the area, the business has seen continued increases year over year from new comers moving to the area as well as those who have heard of the amazing food and great prices who stop by each year when they pass through for their annual vacation down to the beaches of both North and South Carolina.
The menu at Dale’s Seafood features traditional, Southern-style fried and grilled seafood platters, steaks, and a fresh salad bar. Their dishes are heavily focused on large, high-value portions. Each day they have a lunch special that is traditional country cooking, a locals favorite.