BN000067361 – Convenience Retail Platform Serving Multifamily Communities
Location: Texas USA
The Company has established a differentiated residential-retail platform embedded within multifamily and master-planned communities. Acting as an amenity partner rather than a conventional retailer, the Company operates staffed stores and autonomous SMART Cooler locations supported by centralized procurement, data-driven merchandising, and route-based field operations. The result is a repeatable platform designed to convert residential density into recurring everyday demand.
Key Aspects
Embedded Amenity Model
· Structured as an amenity partner rather than a traditional retailer
· Amenity-oriented lease structures that generally exclude triple-net charges
· Operating agreements are generally assignable post-sale
· Direct alignment with property owners’ goals of retention and occupancy
Proven Revenue Growth
· Revenue scaled from $3.7 million in 2023 to $4.7 million in the trailing twelve months ending August 31, 2026.
· Consistent gross margins of approximately 41% across historical periods
Scalable Two-Format Platform
· Staffed retail stores for dense, high-volume communities
· Autonomous SMART Cooler installations for lower-density or capital-light deployments Technology & Inventory Discipline
· Cloud-based ERPLY point-of-sale open application programming interface system is integrated with Power BI analytics, delivering AI-assisted stock keeping unit rationalization and real-time sales visibility
· Category and vendor level purchasing budgets are tied to projected COGS, with
predictive modeling guiding inventory mix, turns, and cash deployment
· Spoilage consistently maintained at approximately 1.5% of revenue
Opportunities
· Expand within existing developer and property-operator relationships across additional communities and portfolios.
· Increase density within defined service corridors to improve route economics and field-support efficiency.
· Deploy autonomous SMART Cooler locations where density or available space does not support a staffed store.
· Use loyalty, transaction, and merchandising data to increase visit frequency, basket size, and inventory productivity.
Investment Thesis
· The Company has established a differentiated residential-retail channel that combines recurring resident demand, developer alignment and data-driven retail execution.
· A strategic buyer could leverage the Company’s operating playbook, developer relationships and customer data alongside existing purchasing, distribution and real estate infrastructure to accelerate expansion and improve unit economics.
· The platform offers multiple paths to growth through staffed stores, autonomous locations and blended portfolio deployments.
Market Position
· The Company’s current footprint is concentrated in a major Texas metroplex market, where clustered locations support route efficiency, purchasing leverage and field management coverage.
· Management’s third-party market analysis identified approximately 3,782 qualifying Class A multifamily communities representing 1.44 million units across 14 selected Sunbelt markets, plus 424 student-housing communities.
· These locations represent an addressable opportunity set rather than a contracted pipeline.
Real Estate
· The Company operates nine staffed stores ranging from approximately 1,000 to 1,800 square feet, along with five smaller-footprint autonomous installations. Leases are with unrelated third parties and generally assumable by new ownership. Leases are long-term, renewable agreements priced as an on-property amenity rather than a market-rate retail tenancy, supporting durable unit economics across locations.
Shareholder Objectives
· The Company is owned by multiple managing members, with one active operator and all others serving as silent partners. The active operator is open to structured transition support or continued involvement, providing flexibility to new ownership.
