Dustin's Bar-B-Q, a family-owned and operated restaurant chain with five locations in Brevard and Volusia counties, should close at the end of this month on a parcel in east Orange County for its first Orlando location, one of the company's partners told GrowthSpotter.
Located at 14516 E. Colonial Dr., just south of the Fairways Country Club, the property is currently vacant and zoned for Planned Development (PD). Zoning on the 1.2-acre parcel allows for Dustin's planned 6,164-square-foot building, with a drive-thru and 94 parking spaces.
"We've wanted to expand with another restaurant, but not get too far away from our roots in Volusia," said Toni Withey, one of five family partners in the company. "The Orlando market is a great one, and that east side (of Orange County) was where we really see the growth opportunity."
She said the family company has a contract in place with the parcel's current owner, Waterford Partnership LLP, and should close by Nov. 1. They prefer to own the property for Dustin's restaurants as a long-term investment instead of leasing a pad, and saw limited opportunities left for undeveloped parcels of this size in a high-traffic corridor, Withey said.
While she would not comment on the acquisition price before closing occurs, Withey said the family ownership will finance the land purchase in part with a loan from Mainstreet Community Bank of DeLand, a lender they have worked with in the past.
The company has requested bid proposals from several general contractors for construction of the restaurant but has yet to choose one, Withey said.
After closing on the property at the end of October, another three to four months may be required to pass the county's planning approval, and get building permits issued.