Restaurant Brokerage Firm Completes Successful First Year
Nashville, TN (RestaurantNews.com) Todd McGlamery opened his National Restaurant Properties (NRP) franchise in Nashville in October 2012 and it’s rapidly living up to the franchise’s tagline. “No One Sells More Restaurants.” In less than a year, McGlamery’s brokerage firm sold three restaurants (two additional sales are pending), closed on eight leases, and currently has more than 20 listings in the Nashville area.
His most recent sale, the Benchmark Restaurant on Second Avenue North, is the latest in a string of high profile restaurants the firm has sold in Nashville and the surrounding areas, including a popular BBQ restaurant and a number of bars and family restaurants.
McGlamery began his restaurant career shortly after his 2003 graduation from Coastal Carolina University. He opened and sold five establishments: two Rosie O’Grady locations (Beaufort and Charleston, SC), Jock’s Sports Grill and Twist the Bistro (Hilton Head Island, SC), and Oktoberfest, (Bluffton, SC). He also authored a how-to-book, Rapid-Fire Opening: Steps to Get Up and Running, for aspiring bar owners.
“Although I was no stranger to restaurant buying and selling, I decided to join National Restaurant Properties because they have a proven track record in this business. Selling restaurants is a specialized field and by joining NRP I quickly honed my skills and added to my expertise in dealing with the many complex issues involved in restaurant sales. The transition to becoming a restaurant broker at NRP has been relatively seamless and I have to credit the excellent mentoring provided by the corporate office in Charlotte, NC, for that.” McGlamery said.
McGlamery is looking forward to even more growth of his office. “With the strong population growth in Nashville and the surrounding areas, I expect to help many restaurateurs navigate their way in and out of the business for many years to come.”
National Restaurant Properties, based in Charlotte, NC, is the nation’s largest commercial real estate network specializing in the leasing and sale of restaurant properties. NRP brokered its first restaurant sale in 1968 and pioneered the use of Internet marketing for restaurant sales. Franchise services include restaurant and food service business sales, commercial property sales, commercial leases, build-to-suit transactions, and 1031 tax exchanges.
In addition to the Nashville and Charlotte locations, franchises are located in Asheville, Greensboro, Raleigh, and Wilmington, NC; Charleston, Columbia, Greenville and Myrtle Beach, SC; and Knoxville, TN; Savannah, GA; and Princeton, NJ.