TL;DR
American Freight awarded its largest franchise deal to date to James (Jimmy) Day, who will open seven locations across Texas. Day is a multi-unit owner and operator of businesses in various industries and has a history of successful investments, including founding DPR Investments LLC, the largest franchise for Aaron's Sales and Lease in the nation.
Day is an avid competitive cyclist and multi-unit owner and operator of businesses spanning the automotive, real estate, charter jet, hospitality and furniture industries. Over the last 30 years, he has owned and operated several cattle ranches and was instrumental in importing the South African Boer Goat to the United States. Day received his MBA with the Dean’s Award for Academic Excellence from the University of Texas at Austin shortly after owning his first business, Burr-Day Transportation.
He went on to found the San Antonio-based company DPR Investments LLC in 1996 and grew it to become the largest franchise for Aaron’s Sales and Lease in the nation.
“American Freight is a natural addition to my portfolio of investments,” said Day. “The franchise model is conducive to minimal oversight and impressive returns, which fits my business objectives as an owner and operator of several other companies.”
Since adopting the franchising model in early 2021, American Freight has awarded 10 franchise agreements to multi-unit operators that represent 41 new locations.
“We warmly welcome Jimmy to our growing family of franchise owners,” said Michael Gray, Chief Stores Officer at American Freight. “Our easy-to-build, quick-to-open and highly scalable franchise model appeals to entrepreneurs with a wide range of investments who are looking to diversify and grow their portfolio. Jimmy is a perfect example of that and is the best fit to grow our footprint in Texas.”
American Freight, a subsidiary of Franchise Group Inc. (NASDAQ: FRG), offers affordable, high-quality furniture, mattresses and appliances through its direct-to-consumer, warehouse-style stores. With more than 5 million satisfied customers, American Freight has a strong legacy of helping customers save money since 1994. American Freight offers exceptional customer service and a one-stop-shop for quality furniture, mattresses and appliances at everyday low prices. The company has over 360 U.S. locations in 40 states and Puerto Rico. For more information, visit AmericanFreight.com.
In this story
This story was originally published in Franchising.com on October 21, 2022. Burnaze summarizes and links to the original reporting.
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