Buchanan Realty Group CLICK HERE located in Hamilton Hills Shopping Center, 621 Old Hickory Blvd., sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
The Buchanan Realty Group – (731) 300-3071 – provides commercial real estate services throughout Tennessee. The group specializes in leasing, tenant representation, investment sales and acquisition – concentrating on retail, hospitality, c-store, medical, industrial and multi-family sectors.
Business Spotlight – R.E. Butts expanding business interests in Jackson
Grace Media Group visited with Jackson businessman R.E. Butts for a question and answer session.
A graduate of the University of Tennessee at Knoxville, R.E. has grown several successful companies, while seeing the need for an insurance company – Haven Insurance Partners – that can handle a diverse set of risks.
He has also purchased commercial real estate property in downtown Jackson.
Question: First, a little background information – family, career?
Answer: My wife, Natalie, and I are both from Jackson and we very much enjoy raising our two young children in our hometown.
After returning from college in East Tennessee, Natalie earned a Doctorate in Audiology and practiced for many years. After we had our first child, she became an entrepreneur and owns a successful children’s boutique located at the Jackson Walk in downtown, the Yellow Canary.
My great grandparents started a family business in the 1930’s on Royal Street, which I have spent the majority of my professional career growing alongside my Father. This has been my inspiration for creating new businesses and developing my own family legacy in my hometown.
FOR COMPLETE Q&A CLICK HERE
Jackson makes jobs growth list; Tennessee ranks No. 1 as a destination
Information and statistics courtesy Reggie Smith – TC Property Management & Rentals, INC., 573 Old Hickory Blvd., Jackson.
Home Crunch – The lack of entry level homes continues to put positive pressure on the rental market. In 2020, only seven homes built in Jackson would be considered entry-level. Thus, many young buyers will stay in the rental market longer. (Source – MLS Statistics)
They Discovered Jackson – In 2020, out of town investors purchased several Multi unit properties, and are refurbishing them.
Buyer Beware – Some buyers are surprised at the need for extensive repairs after closing on their purchase. A professional inspection is recommended as a condition of the purchase.
Job Growth – Jackson makes the list of 28 cities showing job growth during the pandemic. Jackson ranked No. 15 with one percent added jobs. Only cities in 11 states shared such growth, and seven of the cities were in Tennessee.
Tennessee ranks No. 1 as a destination, followed by Texas and Florida – reported by U-Haul.
Wall Street and rentals – Innovation Homes, Inc., the nation’s largest rental home owner now owns some 80,000 homes in 17 markets. JP Morgan has allocated $625 million to build for lease houses.
Nashville bombing – Nashville TV reported that insurance may not cover damage if the December 25 bombing was deemed to be ‘terrorism.’ Some policies include terrorism protection, while others make it optional. Since it could happen in residential property, owners may want to consult their agent regarding coverage.
Financials – A national research agency reported ‘rents through November showed only slight decrease compared to 2019 – November rent collected 95.2 percent in 2019, verses 93.6 percent in 2020.’
Collections – More than ever, collections require daily monitoring and frequent contacts with renters.
Business Spotlight – David Knack joins Town & Country REALTORS
On the heels of two consecutive years as West Tennessee’s No. 1 residential real estate company, Town & Country REALTORS is delighted to announce the further growth of its agent support services with the addition of David Knack to the team as Director of Business Development.
According to a press release from Mykenzy Norman – B3 Creative Agency Marketing and Public Relations Coordinator – in his new role, David will provide creative, innovative problem solving to help Town & Country’s agents become more successful business owners.
“We’re going to reshape the expectations real estate agents have for the level of support they receive from their brokers,” David said, “No other firm in the area offers a service like this. Success breeds problems. I’m here to help agents break down and move through those problems and emerge stronger and more successful.”
“When agents run into challenges with their businesses, it can be overwhelming,” said Joey Hale, owner and principal broker of Town & Country REALTORS, “The top producers on my team don’t have the luxury of a week to investigate and resolve where they’re getting stuck. David does. In this new role of Director of Business Development, his sole responsibility is to make a significant, personal investment in those agents experiencing growing pains. We champion success for our agents. David is here to make sure they feel holistically supported.”
David comes to Town & Country with experience in both sales and small business. He has been a small business owner and was previously the number one sales representative in the country for an international technology company. In that role, he worked intimately with small business owners, nonprofits, and government agencies to untangle their difficulties and strengthen their service to clients.
‘Slim Chickens’ – construction underway for new restaurant at 6 Channing Way
Construction on a new restaurant – Slim Chickens – has started at 6 Channing Way.
An opening date has not been announced, but the Jackson location is one of 10 scheduled to open in Tennessee.
Slim Chickens, recognized as a leading fast casual franchise which features dine-in and drive-thru in the “better chicken” segment.
Owned by the Davis Group, which consists of Scott, Ricky and Cody Davis, is bringing the restaurant to Jackson.
With over 15 years in the restaurant industry, Scott and Cody Davis are existing Slim Chickens franchisees and also oversee operations of over 30 Sonic Drive-In restaurants.
The brand prides itself on its cooked-to-order fresh food and strong devoted fanbase, also known as “Slimthusiasts.”
Slim Chickens has distinguished itself in the “better chicken” segment by offering high-quality food and 17 house-made dipping sauces, allowing customers to enjoy a different flavor profile with each visit.
Its menu, which is broader than many in the segment, includes chicken tenders, fresh salads, sandwiches, chicken and waffles, chicken wings and unique side items. Fans also resonate with the southern contemporary look and feel and the open and inviting layout of Slim Chickens restaurants, which speak to the hospitality mindset that anchors the brand.
Passing Grades – 9 Jackson businesses make work easy for Metro Narcotics during underage alcohol operation
Jackson Metro Narcotics conducted an underage alcohol operation in March, and clerks in nine Jackson businesses inside the Jackson City Limits were a perfect nine-for-nine when they denied informants who were trying to purchase beer illegally.
Here’s a list of the stores that did not sell to informants –
Walgreens, 1404 South Highland Avenue
A&A Stop No. 1, 1425 South Highland Avenue
South Side Mini Mart, 1939 South Highland Avenue
Raceway, 2023 South Highland Avenue
Snappy Mart, 2016 South Highland Avenue
Bull Market, 1706 South Highland Avenue
Dollar General, 1692 South Highland Avenue
CVS, 1405 North Highland Avenue
FOR MORE LOCAL BUSINESS CLICK HERE
(BUCHANAN REALTY GROUP CLICK HERE sponsors Strictly Business)
David Thomas, Twitter – @DavidThomasWNWS
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