Quick Service Restaurant Feasibility Study in the Deltona-Daytona Beach-Ormond Beach, FL Metro Area

A class that sits near the top, with room for franchise

Limited-service restaurants are second among the 39 classes in the Deltona-Daytona Beach-Ormond Beach area. A location quotient of 1.40x puts them well above their national share, and franchised units make up 68.6% of the loans. Nationally the area is 69 of 779. SBA approved 51 loans between FY2017 and FY2026 for $34.7 million, 45 of them in Volusia County and 6 in Flagler.

Large for a quick-service ticket

Midpoint tickets of $454,300 run 1.46x the national level, and the typical loan spans $241,300 to $915,000. In the program split 7(a) has 36 loans and 504 has 15, a notable 504 presence for restaurants, which is the program usually behind owned buildings. In the 504 table, Florida First Capital Finance Corporation, Inc. carries 9 loans worth $12.3 million and Florida Business Development Corporation on 6 worth $3.9 million, by the holder SBA reports now.

What is missing

Cancellation is where the cell is meant to differ from its parents, yet the figure is missing because the cohort is thin. The charge-off rate is withheld as well. Neither is a zero. A borrower or lender cannot lean on a floor here and should look to the Florida and national pages for context.

Years

FY2017 shows 5 loans and $2.6 million, FY2018 shows 10 and $7.6 million, FY2019 shows 6 and $1.6 million, FY2022 shows 5 and $4.5 million, and FY2024 shows 6 and $3.9 million. The other years are hidden.

Studying a Volusia County quick-service site

A study has to separate tourist demand from resident demand, because beach-season traffic and race-weekend traffic behave differently from the weekday customers who keep a store open in the slow months. It should test the franchisor's disclosed unit sales against local sales potential, construction or retrofit pricing set beside the midpoint ticket, and wages. With 504 financing in the record, a plan that includes buying land and a building should show the real estate on its own terms. The payment must be covered in the off-season, and an appraiser has to apportion value between the franchise right and the property.