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

Volusia and Flagler restaurants: first in class

SBA approved $44.4 million across 58 full-service restaurant loans in Daytona Beach for FY2017 to FY2026. In Daytona Beach, full-service restaurant placed 1 of 39 among its classes, and the area placed 89 of 821 nationally. A location quotient of 1.06x leaves full-service restaurant nearly level with its national share in Daytona Beach. Restaurants sit almost exactly at their national share of lending. By county, Volusia County, FL, 47 and Flagler County, FL, 11.

$390,250 is the median in Daytona Beach, and the middle half sits between $206,300 and $1.0 million. Beside the country's median, Daytona Beach comes to 1.42x, a sign of heavier projects. That suggests waterfront or high-traffic sites with costly build-outs. Daytona Beach divides 47 loans to 11 between 7(a) and 504. 10.3% of Daytona Beach borrowers operate under a franchise.

Truist Bank leads a short list

Truist Bank has by far the biggest average on the list. Under 7(a), SBA lists $13.0 million across 7 loans at Truist Bank, $2.8 million across 5 loans at TD Bank, National Association, and $1.4 million across 5 loans at Newtek Bank, National Association. Daytona Beach lenders appear as SBA records them, an inventory, not a review.

The FY2017 to FY2024 cohort in Daytona Beach shows cancellations of 12.5% at the least. The stricter Daytona Beach ceiling lands on the same 12.5%. No charge-off rate prints for Daytona Beach; the page offers no loss measure. Year by year, FY2017 (6 loans, $1.9 million), FY2018 (9 loans, $8.9 million), FY2022 (12 loans, $12.4 million), and FY2024 (6 loans, $2.9 million). In Daytona Beach, thin counts hide the missing years. For Daytona Beach, membership follows project counties, so unmatched loans are excluded.

Checks a Daytona Beach study cannot skip

Tourism shapes the calendar, so the study should model monthly revenue through event weekends, summer and a thin winter, and separate visitor trade from the resident base that carries off-season sales. A median loan of $390,250 means build-out per seat and shell condition should be itemized, and storm and flood exposure belong in the insurance budget. Staff supply is seasonal, which affects wages. Coverage should survive a weak first year, and appraisal work has to divide real estate value from going-concern value, show comparable sales and weigh the lease alternative. The study should add a check on property insurance cost, which may differ between inland and coastal sites in Volusia County and Flagler County.