Atlanta based Rosemary Capital Doubles Down on Multi Million Dollar Port Richey, FL Investment

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Atlanta based Rosemary Capital Doubles Down on Multi Million Dollar Port Richey, FL Investment

May 22
20:46 2023

Greg Canzano was among the pioneering franchise owners to join the company upon its launch in 2021. In April, he was granted an extra unit in Georgia, expanding his total dedication to five stores. Canzano, who initially signed a franchise agreement for four stores, boasts a professional background in commercial real estate development. Two years ago, he ventured into entrepreneurship by establishing his own firm, Rosemary Capital, which focuses on real estate heavy, alternative cash flowing assets.

Canzano’s premier store in Port Richey, located at 6233 Tacoma Drive, Port Richey, FL, within the former Toys R Us premises at The Piers Shopping Center, celebrated its grand opening in mid-November of last year. Spanning an expansive 45,000 square feet, this warehouse is stocked with a wide array of factory direct furniture, mattresses, appliances, and other offerings. Moreover, apart from the inherently affordable prices, American Freight provides customers with appealing financing options.

“It’s a relatively modest initial investment with a relatively quick ramp-up to recoup that,” said Canzano, who noted Item 19 of the company’s FDD provided information on “what the best could be, what the least could be,” along with certain expenses so he could develop his own projections.

In a time of economic uncertainty and many opting for less expensive and more fiscally responsible options, Canzano is proud to bring the former Sears Outlet––now American Freight––to the Port Richey area. American Freight is a subsidiary of The Franchise Group (NASDAQ: FRG). The Franchise Group has a market cap of $1.01 billion, as it operates a handful of brands including: American Freight, Buddy’s Home Furnishings, The Vitamin Shoppe, Pet Supplies Plus, Sylvan Learning and Badcock Home Furniture

American Freight Port Richey offers a diverse selection of furniture and appliances to cater to different preferences and budgets. Customers have the option to browse through an extensive collection of sofas, beds, dining sets, mattresses, and other high-quality products from reputable manufacturers. With a strong focus on customer satisfaction, the company ensures that individuals can find items that align with their personal taste and lifestyle.

“Our growth in Florida has allowed us to eliminate the middleman for so many families and bring high-quality furniture into their homes at affordable prices,” said Canzano. “The impact of adding this new location to this dense, northern Tampa market has been substantial as we increase our footprint in the area.”

For Rosemary Capital and Gregory D. Canzano, the establishment of American Freight Port Richey represents a significant turning point in their commitment to investing in companies that have a beneficial influence on local communities. Canzano strives to deliver an economical and delightful shopping experience since it strongly believes in giving customers value.

About Rosemary Capital:

Gregory D. Canzano is founder and CEO of Rosemary Capital, a real estate investment firm that targets multifamily assets, manufactured housing communities, and storage assets.  Prior to Rosemary Capital, he was a principal in the Ares Real Estate Equity Group (fka AREA Property Partners and Apollo Real Estate Advisors), where for over 13 years, he headed up real estate equity investments in the Texas, Tennessee, Georgia, Colorado, and Gulf Coast regions.  Canzano was at the publicly traded resort real estate group, Intrawest, prior to Ares. Canzano received his MBA in finance from the University of Pennsylvania’s Wharton School and graduated magna cum laude with a B.S. from Georgetown University’s School of Foreign Service.

About American Freight:

Leading discount furniture and appliance shop American Freight is renowned for providing a large assortment of high-quality items at competitive costs. With locations all across the country, American Freight is dedicated to providing top-notch customer service and assisting clients in building the homes they want without going over budget. The launch of American Freight Port Richey expands the company’s market share in the southeast of the US and underlines its dedication to providing clients with value.

Media Contact
Company Name: Americanfreight
Contact Person: Chad Carrodus
Email: Send Email
Phone: 404-952-9995
Country: United States

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