JIM 'N NICK'S BAR-B-Q
3068 Mallory Lane
Franklin, TN 37067
Fresh Capital negotiated with Sam’s Club / Walmart for the outparcel sale of this lot. As companies which have a track record of being tough on negotiations for this type of project, FC nailed down a reasonable purchase price that made this build-to-suit project attractive to both real estate partners and potential restaurant operators.
FC worked with real estate partners to manage the construction process from the initial architectural plans to seeing the project through completion. FC found creative ways to cut down on costs: in lieu of a commercial general contractor who would charge hard construction costs, a residential general contractor was chosen to oversee the project. Due to this type of ingenuity and creativity, FC was able to hold tight to the project budget.
Alongside Jim ‘N Nick’s, FC worked to develop a new sleek dining room model that was then implemented in all new stores.
FC syndicated equity to friends and family and sourced debt financing from a new, Nashville based local bank at favorable rates.