A Mays

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Category: Business and Industry

Date Submitted: 08/17/2016 02:37 PM

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Transaction Details

City Financial LLC (“City Financial”, “CF”, “The Company”) is a real estate holding company which has been in operation since 2009. The company is seeks to raise $1.4 million to finance further growth of the company’s two properties located in Gulfport, Mississippi.

Company Summary

The Company is based in Gulfport, MS, and owns two properties in the area. The two properties located at 2909 26th Ave Gulfport MS, and 9424 Three Rivers Rd Gulfport, MS are currently occupied by customers AMS Music Entertainment, Entertainment Now, and City Tax.

The Company was founded in 2009 by Entrepreneur Alvin Mays, who currently serves as CF’s Managing Member. Prior to serving as President of City Financial, LLC Mr. Mays has worked as President and managing member of Gulf Water Investment Group, LLC since 2007, and worked as Operations Manager for Fairway Ventures, LLC. Currently serves as Chief Executive Officer of both AMS Music Entertainment, LLC and Entertainment Now, LLC.

Business Operations

The Company’s two properties are currently occupied.

2909 26th Ave

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This property is the location of the popular night club Entertainment Now as well as storage for The Sound Production Company. This property accounted for __% of City Financials gross profit at a margin of $_____

9424 Three Rivers Rd.

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This property is the location for LUXE Hair & Nails Spa, as well as AMS Music, a local recording studio. This property accounted for __% of City Financial’s gross profit at a margin of $_____

Market

“The U.S. property market landscape in 2016 will appear much like it did in 2015, with a number of interwoven aspects that bode well for savvy investors who can step out in front of ongoing—and, in some cases, intensifying—economic, demographic, and technological trends. On the economic side, the U.S. Federal Reserve made it clear in December that the central bank sees U.S. growth as relatively stable when the federal funds rate...