Golden Corral franchise owner Eric Holm has paid $1.44 million to Keller Outdoorfor Keller's 13-acre headquarters in Sanford.
Holm, who owns 31 Golden Corrals -- 14 in Central Florida and 17 in the Atlanta area -- will not be putting a restaurant on the site, at 2150 Marquette Ave.
The property is in an industrial area just off E. Lake Mary Boulevard and near Orlando Sanford International Airport, a location not very conducive to containing a dining location.
Instead, Holm said he will use the parcel as an investment in Keller Outdoor owner Rick Keller and his company, which provides lawn maintenance and environmental services, like refuse dumpsters.
"It's an investment for me in someone I have been a raving fan of for 20 years," Holm said, noting the company has "maintained my properties impeccably" for the last two decades.
Plans are to double sales over the next couple of years "and we are looking forward to a bright future," Holm said.
Holm would not disclose what Keller's revenue is now. He also said he would not take a title with the company.
Keller provides landscape services, including landscape design and installation, irrigation design, service and installation and low-voltage landscape lighting.
The deal with Holm came about because of his relationship with Rick Keller, and Holm ended up negotiating quite a deal considering the property was listed on LoopNet for $1.94 million.
"I never pay list price," Holm said. "We negotiated a very good deal."
The property has a 3,440-square-foot, two-story corporate headquarters building, a 3,950-square-foot storage facility, an 8,650-square-foot maintenance and supervisor facility, a 22,830-square-foot equipment and vehicle storage building and 3,500 of above ground fuel storage.
While the deal struck with Keller Outdoor is a business one that Holm expects to make money from, he is also known for his altruistic efforts. He and his wife Diane have been sponsoring Thanksgiving at the Salvation Army since 1993 with the help of various businesses.