Once a franchise outlet, the company owned restaurant has closed. The building owner, the former franchisee, plans to lease or sell the property. The prime location will generate lots of interest.
Palm Coast, FL – May 30, 2013 – Palm Coast’s Perkins Restaurant & Bakery closed suddenly May 26th. The company-owned location has already been removed from the location finder page of Perkins website. The nearest Perkins is now in Deland.
Located on the northwest corner of Palm Coast Parkway and Boulder Rock Drive, the 5,256 square foot building was constructed as a Perkins in 1997. The property’s assessed value peaked at $1,439,132 in 2008. It is currently $757,184. The original Perkins franchisee kept the real estate but sold the restaurant operation to the franchisor, Perkins & Marie Callender’s LLC, in 2006. The franchisor continued operating the restaurant, while leasing the building, until Sunday’s abrupt closing.
A representative of the property ownership group tells GoToby.com that they would like to lease the ideally located space but would entertain offers to buy. It will not reopen as a Perkins.