MATCHMAKING A DEVELOPER & FUZZY’S

Client Profile:

Rapidly expanding franchisee signed a 50-unit development agreement with Fuzzy's Taco Shop and needed assistance with building new stores. Client wanted to focus on their core competency of operating restaurants and asked Century Partners to introduce developers who increase new store development.

Strategy:

To help the franchisee ramp up new store opening across their territory, Century Partners sourced an experienced local developer and listed the first two stores in the lineup, both located in the Southeast.

Outcome:

  • TESTIMONIAL: Century Partners has been instrumental to my company’s growth. They introduced several developers who could assist in structuring a strategic new store rollout plan. They have helped me grow at a faster velocity than going at it alone and have allowed me to stay out of the time-intensive real estate component and focus on running a stellar operations company.

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LONGTIME FREDDY’S OPERATOR TESTS THE MARKET

Outcome:

  • Century Partners marketed both of the assets and they were quickly sold to private 1031 exchange investors. Four properties were sold at record-low cap rates, with an average cap rate of 4.59%, and a total consideration of $13.7 million.

Trophy Asset Sold, Six Properties Acquired via 1031 Exchange | Achieved 40% Boost in Cash Flow

Outcome:

  • Client sold an underperforming asset, diversifying into six single-tenant properties with 20-year lease terms, increasing their cash flow by 40%.