Commercial Real Estate, Capital, Insurance, Leasing & Management

Fox 35: Golden Corral owner talks about closing, selling restaurants

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ORLANDO, Fla. – The lights were on, but nobody was at the Golden Corral on South Semoran Blvd. in Orlando on Thursday. Even though the sign was covered and gone from the building, you could tell it used to be a Golden Corral.

It was one of two that were going up for sale in central Florida. The owner, Eric Holm, was selling them and closing three others. “I don’t think it feels good,” Holm said, “but God has never given us anything we couldn’t handle.”

Real estate analyst Terrence Hart, from Franklin Street Real Estate, said the locations getting closed or sold were in prime spots, especially in the tourist district. He said it presented a rare opportunity for future business.

“Those will get picked up pretty quick,” Hart said, “I don’t think they’ll utilize the space as it is today, I think it’ll be an interior renovation at the minimum, they might even scrape and build something new, but those are markets that are extremely tight and rarely can you find anything for sale.”

See the TV clip and full story from Fox 35 here.

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