Wes Harris, State Farm Insurance Agent – home, auto, life & banking – 319 Vann Drive, sponsors Strictly Business, a weekly column that takes a look at a few of this week’s business highlights.
Jackson Engraving & Awards Company Inc., changes ownership
Jackson Engraving & Awards Company Inc., 1017 Campbell Street, has been sold.
Charlie Havner and wife Lynn, who have owned the business for 19 years, sold the company to Chris and Teresa Dubuisson from Lexington.
The sale does not include Havner’s Frame Shoppe at 1019 Campbell Street.
Fred’s closing store at 1688 South Highland Avenue
According to published reports, Fred’s, 1688 South Highland Ave., in the Madison South Shopping Plaza, is closing.
The store is one of 159 locations the Memphis-based company is closing in 13 states.
Liquidation sales have started, and discounts range from five percent to 20 percent on most items with some exclusions. The stores are expected to close by the end of May.
Besides the Jackson location, Fred’s is closing stores in Brownsville, Dyersburg, Medina, Paris and Selmer.
The number of closings account for about 29 percent of Fred’s 557 stores, with Mississippi, Alabama, Georgia and Tennessee losing the majority of stores.
REAL ESTATE – Here are the 5 most expensive homes for sale in Jackson-Madison County
Wes Harris, State Farm Insurance Agent – home, auto, life & banking – 319 Vann Drive, sponsors the five most expensive homes listed for sale in Jackson-Madison County, according to the Multiple Listing Service.
1) 99 Sturdivant Crossing, $2,675,000 (home + 535 acres)
2) 283 High Point Road, $1,975,000
3) 16 O’Keena Drive, $949,000
4) 22 Deepwood Drive, $890,000
5) 6 Broadfield Drive, $749,500
Beer Board – 3 convenience stores fined; 2 business permits approved
The City of Jackson’s Beer Permit Board fined three convenience stores and approved two requests for business permits in the City Council Chambers, Wednesday.
Warren’s Bonwood Food Mart (Exxon), 1911 South Highland Avenue, had its beer license suspended for 30 days, after a minor purchased beer illegally, March 3, 2019.
Snappy Mart (Mobil), 2016 South Highland Avenue, was fined $1,500 and had its beer license suspended for 30 days. The suspension will be waived if the fine is paid within seven days.
BP, 1939 South Highland Avenue, Snappy Mart (Mobil), 2016 South Highland Avenue, was fined $2,500 (multiple offenses) and had its beer license suspended for 30 days. The suspension will be waived if the fine is paid within seven days.
The Beer Permit Board approved requests for permits for two businesses.
Phoenix Theatres Entertainment, LLC, for a business known as Jackson Movies, LLC doing business as Empire 8 Theatres, 1511 Vann Drive, was approved for a beer license for selling, storing and serving beer on the premises where sold.
Grill Operations 2017, LLC d/b/a Genghis Grill, 1231 Vann Drive, was approved for a beer license for selling, storing and distributing beer for consumption off the premises.
REAL ESTATE – Market report for Jackson-Madison County
Wes Harris, State Farm Insurance Agent – home, auto, life & banking – 319 Vann Drive, sponsors the Real Estate Market Report.
According to the Multiple Listing Service, new homes for sale in Jackson in March stood at 23, compared to 33 for the same period in 2018.
New construction homes sold January 1 through March 31, was 33, compared to 24 for the same period in 2018.
The number of homes on the market, which includes all of Madison County through March 31, stood at 237.
Average days on the market – January 1 through March 31, was 59.
The average sales price for a home for March was $162,288.
The average sales price for a home in February was $162,389.
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(PHOTO: Wes Harris, State Farm)
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