I help businesses find retail sites & Landlords lease space to tenants| Life Is About Relationships & Providing Value | Let’s Connect- 619-270-1173
San Diego, CA
Joined September 2021
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My wife got her nails done & asked the owner how many people visit during weekends? Avg is 350 & Avg ticket price $100 = $35k in sales, $140k a month.
Another $20k during week, $80k monthly & the salon earns $220k a month. Their rent is $10k monthly, we call that a Cash Cow!
Hungriest Tenant in my stable for expansion right now? Auto Zone! Growth is not an option for them, it’s a must!
Have a deal at finish line w McD’s now, small drive thru only restaurant. They are completely infatuated with optimizing everything about the operation. Smaller size, less employees, higher efficiencies for ROI
Some big news from McDonald's this morning. The fast-food giant said it plans to invest $8.5 billion over the next decade, including $5 billion by 2030, to help franchisees modernize restaurants to add more technology and improve the way they function. We got an exclusive look at everything the company plans to reveal today at its Investor Day presentation.
The company is about to undertake the biggest training initiative in its history, involving 2 million workers worldwide, on quality improvements and improved hospitality. This is called "Make it Golden," and it is an ongoing process.
Marketing changes will leverage more social media influencers and the company's fans, along with data from its 220 million active loyalty members. It will involve fewer LTOs and fewer "borrowed IP."
McDonald's wants to sell more chicken and beverages and maintain its lead on beef. It is planning quality upgrades to all of it. And yes, the company is expanding its hand-breaded chicken test.
All this will be underpinned by technology, Arch IQ. McDonald's believes the technology and operations improvements will improve efficiency by 250 basis points and cash flow by $100,000 per restaurant.
But it's not cheap. And it's complex. Still, the whole effort is designed to make McDonald's a more frequent destination for its customers while its restaurants operate more efficiently.
I'll have more a bit later on Restaurant Business, but here is a comprehensive look at everything on NRN:
nrn.com/quick-service/inside…
Tour day! Always exciting as a tenant rep broker. Seeing how many new potential deals you can get going…..gets the juices flowing!!!
“Hi, you’ve reached Tony and it’s a Great Day for Real Estate, leave a voicemail & I’ll be right back with you. “
The enthusiasm & positivity my cousin (Tony) chooses to live life with is a beautiful thing. Contagious energy everyone loves!!
Carpe Diem!
The Ross vs TJX Companies vs Burlington soft goods rivalry in retail is alive & well. All three companies expanding & the cream of crop in discount apparel.
Just know my wife is making sure the first two companies continue to have positive sales growth!
7Brew, Dutch, BlackRock & the original ruler of the castle SBX all going after the same DT sites. Have a deal working w/ each & it’s great to listen to propaganda on each why they are the Best now! Next few years will be fun watching the competition play out!
Gene Mello retweeted
I came to America at 11 years old, not speaking the language, with parents who left everything behind for a shot at something better.
By 12, I was working in a jewelry store after school. Sweeping floors, polishing cases, learning how a business actually runs. I didn’t know it then, but that store was my first classroom in the only subject that mattered: opportunity.
At 17, I started a business from my parents’ basement. No connections, no capital, no fancy degree. Just a kid with an internet connection in a country that didn’t ask where I came from, only what I could build.
That’s the thing about America that people who were born here sometimes forget. In most of the world, your ceiling is set the day you’re born. Here, the ceiling is a suggestion.
Every company I’ve built, every job I’ve created, every risk I’ve been able to take exists because this country made one simple bet: give people freedom and get out of their way.
I’ve been paying that bet back ever since. Gladly.
Happy 4th of July. To the country that took in an 11-year-old immigrant kid and asked for nothing but effort in return.
🇺🇸
What coffee tenant are you most bullish on in DT game right now? Meaning only choosing 1 to have as your life long tenant.
a) Dutch Bros
b) Starbucks
c) 7 Brew
d) Black Rock Coffee
e) Tenant not listed
Heading out to @ICSC this week for the 14th time attending the conference. I always keep a few time slots open to meet someone I’ve never met. Anyone going who wants to connect?
In CA this kills many deals. The amount of red tape to get a permit is insane. Combine this with the 4th biggest GDP in the world & all you can do is imagine the results a pro-business state would unearth!
Who likes gas stations? Selling one now with the potential of adding a second for a portfolio sale. Reach out for more info.
m.youtube.com/watch?v=axIA6Z…
Have spoke to over 5 big time investors lately who simply won’t even entertain acquiring anything here due to this reason. A shame!
Gene Mello retweeted
Around 8% Property Taxes!
Yes, that is approximately what you're paying in Cook County, Illinois.
It covers much of the area around Chicago, and is one of the wildest things I've ever heard in commercial real estate.
What a mess !
The first Saturday morning Checkers game versus my wife ended in a game under protest. Both sides accusing the other of cheating & temperatures rising. Some call it a sickness, I’d say a hate to lose!!!