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Business for Sale
Saturday January 13, 2007 (10AM)

Dad's Calabash Seafood
117 Meghan Circle
Selma, NC
Directions

Family obligations are requiring the owners of this beautiful restaurant to offer it for sale. This 95+ seat seafood destination has plenty of parking in a modern shopping center on Hwy 301 near I-95. Here is your chance to save tens of thousands of dollars and get into the seafood restaurant business overnight. The equipment is modern, up to code, and clean. Open the doors and listen to the register ring. WARNING: This restaurant is subject to sale prior to the auction. If you are interested you must call today! We expect the restaurant to bring $30,000-$40,000 (less than ½ the original cost). HOWEVER Once the auction bidding reaches $20,000, the auction becomes ABSOLUTE. Viewing by Appointment only. Call our office today!

Details:

• The lease is only $1,200/month
• Gas and electric are less than $800/month
• 100 parking spaces at the front door
• 1 mile from I-95 (exit 97)
• Just off Hwy 301

Kitchen includes (partial list):

• Walk-in cooler
• Walk-in freezer
• Ice machine
• 3 fryers, gas
• Range/griddle/ovens, gas
• SS hood system
• SS work line/freezer
• SS sinks/tables
• POS system
• Dishes/glasses/flatware
• Pots/pans/utensils

Terms of Sale:

• The high bid received on our web site will be the opening bid at the auction. No Internet bidding on the day of sale.
• A 10% buyers premium will be added to the final bid to set the Contract Sales Price.
• A 50% deposit will be due at the time the contract is executed. The Buyer will have 15 days to acquire a new lease.
• The balance is due within 15 days of the execution of the contract, as soon as the lease has been transferred.

Map & Directions:

In the Blackstone Plaza.