According to Khedr, “Owning property is the way to go because it’s something that will appreciate in value. I’m not throwing money away on rent anymore. This building is my retirement.”
Previously, Khedr was the owner of Ben’s Auto Tech, but when he began having difficulty with his landlord, he decided to explore opportunities to relocate or buy a new business. In 2016, he discovered that Five Points was for sale. He purchased the business, and merged it with Ben’s Auto Tech. After a successful first year, Khedr decided to exercise his option to purchase the buildings and take full ownership of Five Points. He approached his tax consultant, who told him about the SBA 504 program, and Khedr was introduced to CapitalAccess Group. Click here to read the full press release about Five Points Tire Imports.