America's Factory Outlet Store Announces Investment and Expansion
Local Business Leaders See Opportunity to Grow In Key Value Retail Market
AUGUSTA, Ga., January 12, 2021 (Newswire.com) - America's Factory Outlet Store, a value retailer specializing in discounted appliances and home goods from leading brands, announces that 655 Investment Group, LLC has acquired 49% of Verdant Outlets, LLC, dba America's Factory Outlet Store (AFO). The investment group includes Augusta, GA, business leaders Jeff Hadden of Phoenix Printing, TJ Barton of American Concrete, Chris Hitchcock of Oak Film Co. Immediately following the investment, group partner Chris Jackson will take control as Chief Operations Officer.
America's Factory Outlet Store (AFO) is the sister company to America's Remanufacturing Company, a leading partner to OEMs and Retailers to turn returned consumer goods into like-new products. All items sold at America's Factory Outlet Store carry a 90-day warranty and AFO sells major appliances, countertop appliances, vacuums, outdoor power equipment, patio furniture, and other home goods at up to 50% off MSRP.
Mark Branum, America's Remanufacturing Company CEO, comments on the investment, "We're very pleased to welcome 655 Investment Group, LLC to the AFO family. This investment validates what started as an experiment in 2014 to help sell some vacuums for Dirt Devil and has become a destination retail location for the greater Augusta area."
"The team is committed to delivering value to the AFO shoppers with great prices, excellent customer service, and a changing mix of products from leading manufacturers," stated Chris Jackson, Chief Operations Officer. "Customers can expect more of what they have loved about AFO as we expand into a new retail facility on Gordon Highway in the next 60 days. New partnerships with leading retailers will help us continue to bring great products at great prices."
About America's Factory Outlet Store
America's Factory Outlet Store (AFO) is committed to bringing you the best products, at the lowest prices, with the highest level of customer service. We are a value retailer providing refurbished and new products from leading brands including Electrolux, Hoover, Samsung, Panasonic, Craftsman and more. We specialize in Small Appliances, Major Appliances, Floor Care, Outdoor Power Equipment, Powered Hand Tools, Compressors, and Generators. We offer a minimum of a 90-day warranty on everything we sell and have friendly staff ready to answer your questions. Learn more about AFO on the new AFOStore.com website.
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Source: Verdant Outlets