Coleman Bradley
Founder and CEO
Mr. Bradley has enjoyed a 40-year career in the real estate development and investment business along with a 20-year career in the hospitality business.
Coleman is currently CEO and Founder of Atlantic Acquisition Group LLC which he established in 2010 to acquire real estate and business assets in the South Atlantic states including North Carolina, South Carolina, Georgia, Florida and Tennessee.
Coleman has executed all facets of residential and commercial real estate development and investment in Texas, Tennessee and North Carolina markets.
Real Estate
Coleman started his career in the Late 1980’s as a consultant working on real estate loan workouts for failed federally insured banks and savings and loan institutions. Properties were located in Texas, Oklahoma, Arizona and Florida.
Coleman then became President of Pacific United Development and represented a publicly traded company from Taiwan in US real estate investments. These Investments were primarily acquired from the Resolution Trust Corporation (Federal Government). Transactions included the acquisition and development of commercial (office and retail) and residential properties in Dallas, TX; residential property in Austin, TX; commercial (retail) and residential/golf properties in Nashville, TN. Coleman was also instrumental in assisting the investors in the acquisition of two volume homebuilding companies in the Texas and Florida markets respectively.
In the 2000’s Coleman formed a partnership with a South Florida real estate developer (Franklin Realty Investors and CB Franklin Land, LLC) to acquire assets in the Nashville, Tennessee market. Coleman served as general partner managing all facets of the Partnership.
Assets in the Nashville-Franklin TN market consisted of a 70-acre commercial land project which included land sales to Wal-Mart, Kohl’s, Toyota and the Tennessee Department of Transportation, a 17- acre commercial project sold to Duke Realty Investment Trust, and an 11-acre commercial project sold to Drury Hotel Corporation. The Nashville-Franklin TN development activities produced over $75M in value for the partnership.
Hospitality
Coleman founded BRH Enterprises, LLC and Boom Holdings, LLC, as the sole owner, to serve as the franchisee, operator and management company of Eleven (11) Sonic Drive In restaurants that were opened from 2002-2007 in the Charlotte, NC market. The company grew from a startup to 350 employees, 11 locations and to $12M in annual revenue over a 5-year period. The Sonic Drive In business assets were sold in 2017.
Coleman simultaneously founded KenKayla Real Estate to develop, construct and own the Sonic Drive In properties. Eleven (11) Sonic Drive In developments were completed in the Charlotte, North Carolina market and leased to Boom Holdings, LLC which was a Sonic Drive In franchisee. Development costs totaled approximately $15M. Coleman sold the Sonic Drive In properties in 2013 in a sale leaseback transaction to Store Capital, a US Real Estate Investment Trust.
Coleman served as Chief Strategy Officer Raydal Hospitality, LLC from 2018 through 2019 after he exited the Sonic Drive-In business. Coleman established the business plan and strategy for the startup fast casual restaurant concept Sabor Latin Street Grill which is a wholly owned subsidiary of Raydal Hospitality.
Coleman implemented all financial discipline-structure, operating, human resource systems including advising the owner on all employee organizational needs to position the company for growth.
Coleman secured $2,400,000 in institutional financing in early 2018 which allowed the company to increase revenue from $8,000,000 in 2017 to approximately $13,000,000 in 2019 and unit count from 8 units in 2017 to 13 units in 2019. Coleman secured additional SBA financing in the amount of $3,500,000 in 2019, which allowed the company to expand from 13 units to 22 units, revenue to $22,000,000 and substantially improve operating cash flow.