Quick Service Restaurant Feasibility Study in the Palm Bay-Melbourne-Titusville, FL Metro Area

Palm Bay-Melbourne: limited-service restaurants third in class

From FY2017 to FY2026, 38 limited-service restaurant loans, $32.4 million in total, were approved in Palm Bay. Two standings frame Palm Bay: 93 of 779 nationally for limited-service restaurant, and 3 of 39 among the classes at home. With a location quotient of 0.99x, limited-service restaurant holds roughly its national weight among Palm Bay loans. The county on file is Brevard County, FL, with 38 loans.

Typical size is $490,500, and the central half stretches $271,750 to $1.1 million in Palm Bay. Beside the country's median, Palm Bay comes to 1.58x, a sign of heavier projects. Palm Bay divides 33 loans to 5 between 7(a) and 504. With a share this high, brand standards shape the economics. 73.7% of the loans in Palm Bay belong to franchised units.

A short lender list

TD Bank, National Association is the single named holder for 7(a). TD Bank, National Association, 6 loans and $3.2 million hold the 7(a) loans shown. What follows for Palm Bay is a ledger of holdings, with no judgment of lenders.

Palm Bay shows no cancellation floor or ceiling, so outcomes cannot be ranked. 5 loans worth $4.9 million in FY2017, 8 loans worth $6.6 million in FY2019, 5 loans worth $5.0 million in FY2025, and 6 loans worth $2.6 million in FY2026 appear in the yearly record. In Palm Bay, thin counts hide the missing years. Palm Bay's cancellation rate is not reported, since its cohort has under 30 loans. Every Palm Bay count passes through a county match, so unmatched loans are excluded.

Palm Bay: what the study must test

A brand's system is the starting point: required build-out, royalties, advertising fund charges and the unit volumes that projected sales will be measured against. Queues at the drive-through and passing traffic have to be turned into believable stop rates, and other units of the same brand in Brevard County can divide the trade area. Thin labor margins per ticket and delivery-app fees squeeze the busiest hours. A median above the national class figure means a larger build-out, so cost per square foot and equipment deserve a line-by-line budget. Payments should be proven on a weak opening quarter. Valuation of a pad site depends on the ground lease and on alternative users. Because Brevard County holds every loan on file, the study can use county traffic data, but it should still test the specific corner and its neighbors on both sides of the road.