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  5. ›Request for proposal to lease and manage a restaurant…

North Carolina Department of Agriculture and Consumer Services (NCDA&CS)·North Carolina

Request for proposal to lease and manage a restaurant facility at the Piedmont Triad Farmers Market in Colfax, NC.

Closes 7/24/2026$500k – $2MRequest for Proposal
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Description

The North Carolina Department of Agriculture and Consumer Services is seeking proposals from qualified operators to lease and manage its newly renovated restaurant facility at the Piedmont Triad Farmers Market in Guilford County. The selected proposer will be required to register as a legal entity under North Carolina Law before the transaction is placed on the Council of State agenda. The proposal will be evaluated based on the desirability of the proposal, the demonstrated ability of the proposer to execute the proposal, demonstration of sufficient funds, the amount of rent offered, and all relevant factors that might affect the public interest. Key aspects of the proposal include: • The lease term and renewal periods • The minimum annual rental during year one of the lease • The annual rental increases starting in year 2 • The proposer's ability to execute the proposal and demonstrate sufficient funds • The amount of rent offered and its impact on the public interest

Attached files

Contact

Donald Meadows

Key dates

Opened
6/15/2026
Pre-bid meeting
7/9/2026Mandatory
Closes
7/24/2026

Last updated

Details

Type
Request for Proposal
Industry
Food and Beverage Services
NAICS
722110
Solicitation №
SPO-41-35D2

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is estimated to be the annual rental income from the lease of the restaurant facility. The proposal requires the bidder to propose a minimum annual rental during year one of the lease, with a 2% minimum annual increase starting in year 2. The actual budget will depend on the proposed rental income and the number of years the lease is in effect. A rough estimate of the annual rental income could be in the range of $50,000 to $200,000, depending on the size and location of the facility, as well as the proposed rental rate. The total budget over the life of the lease could be in the range of $500,000 to $2,000,000, assuming a 10-year lease term.

AI estimate from the solicitation

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