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State of North Carolina Property Office·North Carolina

NCDA&CS - Request for proposals for the operation and management of a 6,764-square-foot Modernized and renovated restaurant facility in Greensboro.

Closes 10/7/2026$200k – $500kRequest for Proposal
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Description

The State of North Carolina’s Property Office is seeking a qualified vendor to operate and manage a newly modernized 6,764‑sq‑ft restaurant located within the Piedmont Triad Farmers Market in Guilford County. The award will be based on a combination of proposed lease rent, revenue‑sharing terms, demonstrated operational capability, and financial capacity. The successful proposer will enter into a lease agreement (term to be negotiated) and may be required to share a percentage of gross revenues above a specified threshold. Proposals must be submitted electronically by the cut‑off date. • Location: 2914 Sandy Ridge Rd, Colfax (Greensboro area), NC • Scope: Full‑service restaurant operation, including staffing, food service, maintenance, and compliance with state regulations • Compensation: Minimum base rent (to be proposed) plus annual rent increases and optional revenue‑share percentage • Lease term: Negotiable (proposal form includes space for years and renewal options) • Submission: Electronic via NC e‑Procurement Vendor Portal; deadline October 7, 2026, 4:00 PM • Evaluation criteria: Operational plan, financial strength, rent/revenue‑share proposal, and overall fit with the Farmers Market’s mission.

Attached files

Contact

Donald Meadows

Key dates

Opened
8/27/2026
Closes
10/7/2026

Last updated

Details

Type
Request for Proposal
Industry
Food and Beverage Services
NAICS
722511
Solicitation №
SPO-SPO 41-35D2

Budget estimate

$200,000 – $500,000

The contract’s financial return will depend on the proposed base rent and any revenue‑share percentage. Assuming a modest base rent of $150,000‑$250,000 per year for a 6,764‑sq‑ft restaurant and a 5‑10% revenue‑share on gross sales exceeding a threshold (e.g., $500,000), total annual compensation could range from roughly $200,000 to $500,000, varying with sales performance and lease term length.

AI estimate from the solicitation

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