Local investment firm, Freedom Four LLC has acquired Lakeview’s Nail’s Convenience Store and Crosstown Scooters.
Local start up entrepreneur, Glenn Drennen, purchased the vacant gas station building in August 2019 and reopened the business under his trademark gas station brand, Nail’s. During the pandemic downturn, Drennen also added Crosstown Scooters, a scooter rental business providing motorized scooter rentals for use throughout the city. After generating over $1 Million in annual revenues, and in need of equity to deploy into other projects, the time was right to sell to new owners. Jared Sluss and Zach Steed hope to continue to build upon the momentum started by Drennen in developing the property and growing the businesses in Lakeview. With assistance from John Coleman, SIOR of Graham & Company and Bradley Arant Boult Cummings LLP serving as legal counsel to the Seller, the transaction closed August 31st.
The new owners, Jared Sluss and Zach Steed, said they hope to continue to build upon the momentum started by Drennen in developing the property and growing the businesses in Lakeview.