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DENTON

September 2019

Business

CHRONICLE

www.dentonbusinesschronicle.com

‘A whole vibe’

ABOVE: Ana Lin opened her shop Nifft at 201 N. Austin St., tucked away on the back side of the Opera House building.

New downtown store puts modern twist on vintage

By Jenna Duncan | Staff Writer jduncan@dentonrc.com

When Ana Lin worked at a dry cleaner shop in high school, she would get to take home the clothes that were never collected to

sell or donate. She’d list each item on eBay, and have the profit supplement what she was making at the store. After she had her first child a year and a half ago, she went back to finding and selling clothing online, and decided she could open

LEFT: The interior of Nifft, a clothing and home goods store focusing on affordability and sustainability. Photos by Kevin Bond/For the DRC

a brick-and-mortar store instead to share her findings. “I would always complain about how I wished people could see and try on and touch the clothes,” Lin said. “I know how hard it is to sell online, and how frustrating it is as a cus-

tomer wanting to know how an item will fit.” Her finds from different garage and estate sales across Dallas-Fort Worth are now housed in Nifft, a new store tucked away on NIFFT | CONTINUED ON PAGE 3

Is the IPO market turning? “… the typical IPO buyer looks for a short-term price spurt arising from a combination of hype and scarcity.” — Warren Buffett, in his 1996 Letter to Shareholders

O By Jenna Duncan | Staff Writer jduncan@dentonrc.com

Miss Angeline’s, a new cocktail bar, is now open at 125 E. Oak St. The house used to be home to a rotation of renters, many of them local bar staff — but the interior has been transformed and a sprawling front patio was added. Look for premixed specialty cocktails as well as plenty of alcohol-free mock-

tails and beers. Denton County’s first craft brewery, Rabbit Hole Brewing, closed over the weekend. The Justin-based brewery distributed beer throughout Dallas-Fort Worth, and won a silver medal at the Great American Beer Festival for its Rapture Fusion Brown Ale. DUNCAN | CONTINUED ON PAGE 3

ver the past few months, my business partner and I have been looking at the current economic data, but also the arc of previous cycles to assess if any learnings can be gleaned. It is often tempting to match the patterns of today to those of the past. The reality is history does not actually repeat, but the chorus of past investing cycles can often rhyme with music playing in investing markets today. Frequent readers of this column know we often ground our investment philosophy in the wisdom of value investing’s forefathers. Warren Buffett, the Oracle of Omaha, has oft eschewed the initial public offering market. It is worth inspecting

Jonathon FITE | COMMENTARY

why, since this “going public” intricacy of capital markets is what has made Silicon Valley so famous. Early-stage companies are often supported by family and friends, socalled angel investors. As the business begins to grow, additional capital is needed. Most banks will not loan to startups, so more equity investors are needed. Venture capital firms often provide that backing. Over time, as the company matures and long-term viability is demonstrat-

ed, the VC firms work with investment banks to “take the company public” — selling their privately held stock to the public market. Buffett says the timing of these sales are dramatically skewed to the benefit of the seller, not the buyer. There are never bargains in an IPO. But that is goal of a value investor, to exploit market fears and concerns by investing in companies whose stock price happens to be trading below the company’s true intrinsic value. An IPO seller knows more than the public, and only sells when the winds are blowing in their favor. Buffett wrote a lot about this during the last big IPO bubble in the late ’90s. While the quote above is from 1996, Buffett warned again 2000: “Now, speculation — in which the focus is not on what an asset will produce but rather on what the next fellow will pay for it — is not a game I FITE | CONTINUED ON PAGE 3


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Enterprising Voices

Legislative changes for Texans to be aware of

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he 2019 Texas Legislature met earlier this year in Austin. Here are a few selected changes to Texas law that will impact Texas citizens moving forward. ■■ Texas Government Code Sections 26.042(a) and 27.031(a) — Increases the civil jurisdiction of Justice Courts from $10,000.00 to $20,000.00. Effective on Sept. 1, 2020. ■■ Texas Insurance Code Chapter 707 and Texas Business & Commerce Code Section 27.02 — Clarifies the illegality and provides for criminal penalties associated with contractors “covering” homeowners’ deductibles in first-party insurance claims. Owners are required to pay their own deductible and the insurer can retain any depreciation holdback until they are provided with reasonable proof that the owner has paid the deductible. Effective on Sept. 1, 2019. ■■ Texas Insurance Code

Scott ALAGOOD | COMMENTARY

Section 4102.163(a) — Prohibits a contractor from acting as a public adjuster or advertising that the contractor adjusts claims for any property in which the contractor is providing or may provide services, regardless of whether the contractor is licensed as an adjuster or authorized to act for an insured. Effective on Sept. 1, 2019. ■■ Texas Local Government Code Chapters 212 and 232 — Adds restrictions on local governments in the platting, development and planning

process. Sets deadlines for cities and counties to approve, approve with conditions, or disapprove plats or plans, and if not approved within certain time periods, then such are deemed approved. Disapproval may not be arbitrary and must include specific written statements for any disapproval or approval with conditions. Counties no longer may follow a preliminary platting process unless allowed by another law. Provides a high burden of proof on the local governing body in a legal challenge over a disapproval. Effective on Sept. 1, 2019. ■■ Texas Local Government Code Sections 212.904 and 232.110 — Extends the rules of proportionality of public infrastructure costs to counties in the same manner that they apply to cities. Also requires cities and counties to make the proportionality apportionments associated with a project within 30 days of the developer’s application.

Effective on June 10, 2019. ■■ Texas Local Government Code Section 214.907 — Prohibits cities from determining the amount of a building permit or inspection fee on the value of a dwelling or cost of the construction of the improvement, and forbids cities from requiring a disclosure of such values as a condition for obtaining a building permit, unless otherwise required by the Federal Emergency Management Agency for flood insurance purposes. Effective on May 21, 2019. ■■ Texas Property Code Section 5.008(b) — New seller disclosure relating to flooding in a residential dwelling. Replaces old questions and adds new questions concerning (1) previous flooding due to failure for breach of a reservoir or a controlled or emergency release of water therefrom, (2) previous water penetration into a structure due to a natural flood event, and (3) whether

sellers have filed an insurance claim for flood damage to the property. Also requires sellers to identify whether a home is located wholly or partially in a 100-year or 500-year floodplain, floodway, flood pool or reservoir. The new disclosure distinguishes between water entry relating to flooding and water damage not due to a flood event. Effective on Sept. 1, 2019. ■■ Texas Property Code Section 92.0132 — Prohibits a residential landlord from terminating or suspending a tenant’s parking permit until the date the tenant’s possession of the leased premises ends. Effective on Jan. 1, 2020. ■■ Texas Property Code Sections 92.019 and 92.0191 — Establishes that a residential landlord may not charge a late fee until at least two days after the date the rent was due. Also provides residential landlords with a safe harbor for charging late fees to a residential tenant if not more than 12% of the rent

for a 1-4 family rental complex and not more than 10% of the rent for rental complexes with 5 or more units. Tenant may sue for and collect three times the damages against a landlord for improper collection, not charging, of late fees. Effective for residential leases entered on or after Sept. 1, 2019. ■■ Texas Property Code Sections 202.020 and Local Government Code Section 250.009 — Prohibits a property owner’s association from restricting or regulating the sale of lemonade or other nonalcoholic beverages in a subdivision where a child has permission to do so by the property owner. Effective Sept. 1, 2019.

Denton Young Professionals hosts a monthly mixer for current and prospective members the first Thursday of the month. In October, the event will be at Steve’s Wine Bar, 111 Industrial St.

Open Hack Denton, hosted by TechMill, meets the second Tuesday of the month at Armadillo Ale Works, 221 S. Bell Ave., to get programmers of all experience levels together to work on code.

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Lake Cities Chamber of Commerce holds coffee meetings at rotating businesses on Wednesdays at 8 a.m. Locations will be listed at www.lakecitieschamber.com/events. Lake Cities Chamber of Commerce hosts Small Business Breakfast meetings the second Tuesday of the month at PointBank, 3971 FM2181 in Corinth.

Stoke Denton will host a community happy hour at Harvest House for Stoke members, mentors, Denton Angels investors and anyone involved in the tech or startup communities.

gymnastics; Ann Smith, executive director, North Texas Metroplex Children’s Choirs; and Kristen Howell, CEO, Children’s Advocacy Center for Denton County. Tickets are $45 for members and $60 for nonmembers, and the event will be at the HUB Club level at Apogee Stadium, 1251 S. Bonnie Brae St.

R. SCOTT ALAGOOD is board certified in residential and commercial real estate Law by the Texas Board of Legal Specialization and can be reached at alagood@ dentonlaw.com and www. dentonlaw.com.

Calendar of Events APIs and IPAs, hosted by TechMill, meets every other Wednesday at Harvest House, 331 E. Hickory St., for a tech-centered hangout. Wednesday, Sept. 25, 6:30 p.m. Wednesday, Oct. 9, 6:30 p.m.

Aubrey 380 Area Chamber of Commerce hosts networking luncheons the third Wednesday of the month at Prairie House Restaurant, 10001 U.S. Highway 380 in Cross Roads. Admission is $12 and includes a meal. Wednesday, Sept. 18, 11:30 a.m. Wednesday, Oct. 16, 11:30 a.m.

Denton Black Chamber of Commerce meets the second Tuesday of the month at the Denton Housing Authority, 1225 Wilson St., in the firstfloor conference room. Tuesday, Oct. 8, 6 p.m.

Denton Chamber of Commerce will host monthly business networking lunches at

SpringHill Suites by Marriott, 1434 Centre Place Drive. The event costs $20 for members and $25 for nonmembers, including a buffet lunch. Friday, Oct. 11, 11:30 a.m.

Denton Chamber of Commerce will host a meeting with two representatives from the Texas Comptroller of Public Accounts Office, Frank Alvarez and Russell Gallahan. They will talk about abatement, tax increment reinvestment zones and other economic incentive tools. The event is free, but registration is required at denton-chamber.org. The event will be in the UNT Welcome Center, 1417 Maple St. Wednesday, Sept. 25, 9 a.m.

Denton Young Professionals hosts coffee and breakfast the third Wednesday of the month at Chestnut Tree, 107 W. Hickory St. Breakfast costs $10 for nonmembers. Wednesday, Oct. 16, 7:15 a.m.

Thursday, Oct. 3, 5:30 p.m.

Tuesday, Oct. 8, 8 a.m.

Little D Open Coffee Club, hosted by TechMill, meets every other Tuesday at West Oak Coffee Bar, 114 W. Oak St., to discuss technology and startups. Tuesday, Oct. 1, 8 a.m. Tuesday, Oct. 15, 8 a.m.

Tuesday, Oct. 8, 6:30 p.m.

Wednesday, Aug. 28, 5 p.m.

Women in Commerce, a networking group for women in the Denton Chamber of Commerce, will host a fall luncheon and marketplace with a panel discussion on this year’s theme, “inspiration.” Panelists will be: Jalie Mitchell, head coach, UNT women’s basketball; Lisa Bowerman, head coach, TWU

@DentonRC

Friday, Oct. 4, 10 a.m.

NUMBNESS/TINGLING? Denton Chiropractic Center Auto & work injuries accepted. Mon. - Fri. 7-9, Sat. 7-6 I-35 at McCormick Se Habla Español.

Dr. Susan Aurich

(940) 566-3232 www.dentonchiro.com

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WHEN IT COMES TO YOUR BUSINESS, THESE NEW RAM TRUCKS MEAN BUSINESS. Your Full Service Dealer: Sales, Parts, and Service

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Dr. Melissa Noell


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Cover Story

NIFFT | CONTINUED FROM PAGE 1

the back side of the Opera House building, at 201 N. Austin St. With an Instagram-able exterior and spacious clothing racks with clothes grouped by size, Lin wanted to put her twist on a vintage shop. She plays new Top 40 music mixed with some French music, constantly burns candles and has pops of greenery to contrast the exposed brick interior. “It’s a whole vibe,” she said, describing the shopping experience at Nifft. The store’s mix of modern clothes from more coveted brands like Zara alongside true vintage pieces is inspired by how Lin herself dresses, a mix of new and old. Her products range from Chanel high heels to

a Zara sweater. Plus, she features new items as well, like TokyoMilk perfumes and lip balms, and socks. “I didn’t want the store to feel like a thrift store,” she said. “I didn’t want people to feel crowded and feel like, ‘Now I have to hunt for something and dig through all of the ugly stuff to find the cute stuff.’” She’s also working to add more products and create a home goods section, adding kitchenware and other home pieces like vases into the shop. Some home items have already trickled into the store and look like intentional decor, from a flower vase to a vintage chair next to a display of necklaces. By locating her store downtown, Lin hopes to add a more affordable

Vintage and international pieces are part of the mix at Nifft.

ABOVE: Ana Lin owns and operates Nifft, a clothing and home goods store focusing on affordability and sustainability. LEFT: Perfumes and other cosmetics from TokyoMilk are part of the mix of new and old offerings. BELOW: New pieces sit alongside vintage items at Nifft. Photos by Kevin Bond/For the DRC

option to the retail mix — a place that customers can walk out of with something in hand. For the first time since she started selling clothes in high school, she’s able to help her customers and see them try things on. Having customers ask for her opinion has been one of the best parts of having the shop since it opened in late July, Lin said. “What touches me is when I see someone trying it on, and they ask me what I think,” she said. “That’s when it really hits me.” JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @jennafduncan.

Open/Closed

Warm welcome for cold business

DUNCAN | CONTINUED FROM PAGE 1

Denton Chamber of Commerce Board Chairwoman Jill Jester, center, with other dignitaries, cuts the red ribbon during an opening ceremony Tuesday at United States Cold Storage. The company, which warehouses and distributes refrigerated and frozen food items, opened a 224,000-squarefoot distribution center Sept. 1 in western Denton on Jim Christal Road. The company already has locations in Fort Worth, Arlington and Dallas. The Denton location is the 39th for USCS nationwide. Jeff Woo/DRC

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wish to play. Yet investors, mesmerized by soaring stock prices and ignoring all else … piled into stocks that became decoupled from the values of the businesses that underlay them. “Value is destroyed, not created, by any business that loses money over its lifetime, no matter how high its interim valuation may get. But a pin lies in wait for every bubble.” There are so my parallels to today’s IPO market; the lyrics definitely rhyme with the silliness of the late ’90s. Vitaliy Katsenelson recently published an article in Barron’s discussing today dynamics. He buckets companies into three categories: conservative, speculative and Ponzi. ■■ Conservative companies can make interest payments and pay off debt when it comes due from their

cash flows. ■■ Speculative companies can pay interest from their cash flows, but they constantly have to roll over debt. ■■ Ponzi-like companies can’t cover their interest costs, never mind their debt, and rely on capital markets to stay afloat. These companies hope to get to “scale” through growth and one day become speculative or even conservative companies. Katsenelson believes a lot of Silicon Valley companies reside in a “hallucinatory, Ponzi-like state,” financed by never ending flows of venture capital funds. He provides this example: A startup has an idea and raises $10 million in the first round of funding. A private equity firm gives them $2 million at a $10 million valuation and says “Grow!” They hire some engineers to de-

velop a product, but they know that if they are to get more money, they need to show growth. So, some of the $2 million goes to Google and Facebook to drum up customers. After burning through the $2 million, and there is still no profitability, they need more money. But they have proved the concept and have more users and higher revenues. Here comes the next round of funding — let’s say another $20 million. The company is now “valued” at $100 million. The venture capital firm still owns 20% of the startup and but can show a 10-times return to its investors. Part of the money goes to improve the product and another part goes to acquire users on Google and Facebook, with more, maybe, to Amazon Web Services (AWS) to host the product. In an environment where returns in

There’s one fewer pizza offering in town: Palio’s Pizza Cafe closed its Denton location in late August. Small clothing store deMANDIng Clothing also shut down, after only a few months in business. The shop was located at 728 N. Elm St. It’s officially spooky season: Spirit Halloween has opened its pop-up locations in Denton, at 1400 S. Loop 288, in the same shopping center as Kroger and Buffalo Wild Wings, and 1042 W. University Drive, Suite 912. Layalina Mediterranean Restaurant and Lounge is coming back. The restaurant, previously located on Fort Worth Drive, closed in April. Now, the shop will reopen downtown at 222 W. Hickory St. in the coming weeks. There are some final sale items at Basil’s by the Square, an antique and home decor

debt markets are 3% or 5%, and most hedge funds are not doing much better, venture capital is claiming astronomical returns. So more financing rounds follow, each at a higher valuation. The higher valuation is driven not by higher profitability but by higher revenues. Who cares about profits when the supply of financing seems to be endless? At some point, the craziness will end. Perhaps it will be soon? Uber went public in May with a valuation over $80 billion, making it one of the 10 biggest IPOs of all time. It immediately posted a $5.2 billion quarterly loss (its largest ever), and shares are down over 30% from the IPO price. WeWork — the private workspace-sharing company heavily supported by SoftBank’s Vision Fund — is seeing interest wane in its upcoming

store at 301 S. Locust St. The shop will close at the end of the month, but the business will continue on Etsy and eBay. The Green Botica Hemporium is now open at 221 W. Hickory, the former home of La Rose Maison. The shop carries all things hemp, from clothing to soaps and pet supplies. Hidden at the back of the purple Opera House building is a new shop: Nifft Store. The shop sells apparel, both new and secondhand, as well as home goods. Denton has one more Starbucks. There’s a new standalone Starbucks next to the Hurley Administration Building at the University of North Texas to help keep students caffeinated. JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @jennaf duncan.

IPO. It has been shopping the idea of going public at 15 times revenues, even though its operating losses have grown with revenues. WeWork operates 528 locations in 111 cities in 29 countries, yet “scale” has not come. The U.S. arm of WeWork’s lone public peer, London-based IWG, trades for around 1.4 times sales, which would put WeWork’s value at less than $5 billion. That’s about 10% of the $47 billion WeWork garnered during a round of private financing earlier this year and less than half of the $11 billion its largest investor, SoftBank, has committed. So far, SoftBank has shown handsome paper profits as it keeps marking up the value of its investment with each new round of capital raising. Perhaps the game of musical chairs is ending. FITE | CONTINUED ON PAGE 4


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Chamber of Commerce work, by the numbers

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ven though no one has informed our recent daily temps, which have still been in the 90s, September universally signals a change in seasons. Our minds turn to back-to-school, pumpkin spice (for better or worse), fall foliage, and especially in Texas: FOOTBALL. Friday night lights, fantasy football and Mean Green. No matter your team — you know the stats and standings. September also happens to round out my own first six months with your Chamber of Commerce, which inspired us to compile a list of organizational stats and standings, which will hopefully give you a clear picture of the plays our team have been making this year alone. The Denton Chamber of Commerce as a whole, consists of the chamber proper, Discover Denton (our CVB) and the Office of Economic Development. Check out these numbers, first from the Chamber office of

Erica PANGBURN | COMMENTARY

Economic Development (led by Adam Gawarecki): ■■ $95: Combined tax value, formerly, annually, on the properties now owned by WinCo Foods, United States Cold Storage and Tyson Foods. ■■ $565,000-plus: Combined tax value, currently, annually, on the properties now owned by WinCo Foods and US Cold Storage. Tyson Foods tax value will be reassessed after it is developed. ■■ 1.2 million: Square feet of industrial speculative space that will be developed as a result of a closed deal with Ironwood Realty.

■■ One: the number of North Texans named to Consultant Connect’s 2019 Top 50 Economic Developers in North America, our own Adam Gawarecki. It is important to note that the chamber works closely with the city of Denton in the Economic Development Partnership. Successful deals are always the result of successful partnerships. Our office of tourism, or Discover Denton, has also put up some impressive numbers this year: ■■ 51,000: Visitors to the Discover Denton Welcome Center this year ■■ 560,000-plus: Video views on DentonRadio.com ■■ 1 million-plus: engagements on Discover Denton’s social media ■■ $179 million: Tourism dollars spent in Denton this year ■■ $6.5 million: Dollars in definite bookings for meetings, conferences in 2019 ■■ $365: the amount each

property owner saves in taxes annually as a result of tourism promotion by Discover Denton That’s not all. For more information on the economic impact of tourism in Denton, and to say hello to our new Discover Denton VP, Mike Pistana, please contact our office. While I have you here, indulge me while I share a few more numbers put up by your Denton chamber office (proper) in just the past six months: ■■ 2,579: Attendees at the dhamber’s 51 events ■■ 35: Participants in Leadership Denton’s 35th class (the largest Leadership Denton class to date) ■■ 435: Attendees at the chamber’s nine Women in Commerce (WINC) events ■■ $10,000: Dollars awarded in new Denton ISD teacher grants (the most we’ve ever been able to give) ■■ 18: Grand opening/ groundbreaking ribbon-cuttings by the chamber’s 35

Ambassadors ■■ 5: New educational programs introduced as a resource to small business owners ■■ 168: Days I have been on the job, getting to know and love the Denton business community These numbers will make the most sense to you if you already have a clear understanding of what chambers exist to accomplish in their communities. Chamber missions vary, but they all tend to focus to some degree on these five primary goals: 1. Building communities that attract residents, visitors and investors (through public and private partnerships — the Economic Development arm of the chamber plays a large role here). 2. Promoting those communities (this is most commonly the function of the Convention & Visitors Bureau arm of the chamber). 3. Striving to ensure future prosperity via a pro-business

climate (we want to make it easy to do business in our community). 4. Representing the unified voice of the employer community to local, state and federal government (there’s power in numbers). 5. Providing accelerated access to resources and relationships (networking!). Your Denton chamber strives to advocate, educate and collaborate for economic growth in Denton. We have made a commitment to measure everything we do by this mission and we expect to be held accountable to it. As always, I welcome your questions and thank you for the role each one of you plays in making Denton the best place to do business in North Texas. ERICA PANGBURN is president of the Denton Chamber of Commerce and can be reached at 940-3829693 and erica@ denton-chamber.org.

October is Women’s Small Business Month Vital Statistics

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ctober is National Women’s Small Business Month, and it’s when we recognize the accomplishments and contributions that women entrepreneurs have made to our economy. In the United States, women now own 12.3 million companies — an increase of almost 60% compared to 10 years ago. These women-owned firms employ more than 8 million people and provide $264 billion in wages to employees. Here are some other eye-popping figures to consider: 1. 1,821 new women-owned business opened each day in 2017 and 2018. 2. 5.8 million companies are minority-owned, an increase of 163% since 2007. 3. In 2018, 208,000 women-owned businesses generated revenues of more than $1 million, an increase of 46% over the past 11 years. From restaurants and retail operations to manufacturing, medical, law and real estate offices, businesses owned and operated by women in Texas continue to grow and thrive. In Texas alone, there are an estimated 11 million privately held businesses

Shannon MANTARO | COMMENTARY

owned by women, and according to the U.S. Census Bureau, out of 63,243 businesses in Denton County, 22,404 (35%) are owned by women. While there is much to celebrate, there continue to be challenges specific to women-owned businesses — most notably, access to capital. While capital is crucial for growing a business, it isn’t always easy for an entrepreneur to find funding options — especially for women — and it’s even more difficult for women of color. According to Fortune, women-owned firms received just $1.9 billion of $85 billion invested by venture capitalists last year while businesses owned by men received about $66.9 billion, or 79% (the

remaining 19% of funds were raised by mixed and non-specific gender teams). Similarly, the rate of business loan approval is much lower for women than men. The Small Business Administration’s gap analysis of its business loan program found that women account for only 16% of all of SBA’s conventional small business loan portfolio. There are some great resources to bridge this gap for women business owners in the region. LiftFund, headquartered in Dallas, assists women business owners with limited access to capital by providing small business loans and minority business loans. PeopleFund is also in Dallas and provides small business loans to women and underserved small businesses and nonprofits for equipment purchases, permanent working capital term loans, revolving lines of credit and real estate. Although Texas Woman’s University’s Center for Women Entrepreneurs does not offer loan financing, we do offer a grant program for women-owned businesses. In order to support and encourage women-owned businesses in

Texas to undertake new and innovative projects, the Women’s Enterprise Training and Microgrant Program awards 10 women-owned businesses $5,000 each to start or expand their businesses. Awardees are required to complete a small business training course hosted by the CWE to receive funding. The course covers topics such as business plan development, marketing, legal and accounting and financing. The next round of funding will be announced on Sept. 30. For more information on this program, visit twu.edu/cwe. There is no denying that women-owned businesses have a tremendous impact on our country’s economy. However, it is critical that they continue to receive the assistance and access to capital that they need to continue this incredible growth. SHANNON MANTARO is the director of Texas Woman’s University’s Center for Women Entrepreneurs and can be reached at smantaro@ twu.edu. For more information regarding the center, visit twu.edu/cwe.

Uber CEO Dara Khosrowshahi, third from left, attends the opening bell ceremony at the New York Stock Exchange on May 10. Uber went public in May with a valuation over $80 billion. Shares are down over 30% from the IPO price.

Peloton, which sells $2,000 exercise bikes with TV screens attached (and for just $39 a month, you get to watch an instructor pedaling alongside you), plans to IPO shortly. The company has incurred operating losses each year since inception, including net losses of $71.1 million, $47.9 million, and $195.6 million for fiscal 2017, 2018 and 2019, respectively. It expects to continue to incur net losses for the foreseeable future. Peloton’s revenue was $218 million three years ago and $915 million last year... yet losses are growing, not shrinking. What could go wrong with this IPO?

The following names were posted in August at the Denton County Clerk’s Office. 75068 Estelle Agoh, Boss Lady Mentality, 2605 Windy Point Court Babak Saeedi Aria, Dr Fix All, 2425 Deerwood Drive Roger A. Arias, Roger Auto Sale, 107 McDaniel Drive ClickRange LLC, Detector Warehouse, 104 Hardwicke Lane Darrell Clifton, Rell & Ris, 908 Rivers Creek Lane Tynesha Collins, Simple Healthcare Solutions, 708 Kinghaven Drive Phillip Lee Curran, Hypnotic Watch Co, 634 Stagecoach Drive Coby Davis, QT Pi Bakery, 1524 Zebra Finch Drive Lindsey Dutton, Lindsey Dutton Photography, 3026 Delray Court Rinda & Michael Garrett, Texas Longcorn Roasters, 301 Turnstone Drive Gladys J. Guerrero, GG Natural Creations, 1901 Jackson Drive Jason Hanks, Done Right Security Systems, 2136 Jonathan Creek Drive Bryan Harris, Clark Sprinkler, 2113 Megan Creek Drive Kenia Neashall Hawkins, Storytime Phoenix, 2569 Rain Dance Drive Terezinha De Jesus Hoffmann, Therezza’s House Cleaning, 1023 Port Boliver Drive Bill Holick, Metal Magic Auto Hail Repair, 3425 Replay Lane Emmanuel Zendejas, North Texas Water Solutions, 213 Marion Drive Gunilla Denise Joe, Keep It Moving, 1405 Toucan Drive Divino Juvencio, Therezza’s House Cleaning, 1023 Port Boliver Drive Liesl Keyser, Cosmopolitan Falcon, 1012 W. Eldorado Parkway, #632 Liesl Keyser, LJ Keys, 1012 W. Eldorado Parkway, #632 Wanda La Russa, Teatime With Wanda, 1068 Waterview Drive Dylan Ladwig, Dylan Ladwig Photography, 560 Diamond Point Drive Patrick Lawler, Lawler Enterprise, 2409 Tisbury Way Romona & Jamaal Lee, Fab Five Print Shop, 14017 Sparrow Hill Drive Ryan McCallion, No BS Lawn Care, 105 Woodrow Circle Olivia Mydlowski, Green Queen, 1012 W. Eldorado Parkway, #403 Maricela Perez Najera, M & M Landscaping, 9281 Lonesome Dove Drive Carl E. Owens Jr. & Ruben Reyes Jr., Illumination International, 6601 Autumn Mist Cove Michael Paul, MDP Multi-Services, 1404 Bluebird Drive Manuel Alejandro Solis, Handy-Manny Paint & More, 2612 Pecan Drive James Robert Roth, Last Name Roth Media, 2693 Redcedar Drive Charles Stengel, Stengel Home and Yard Repair, 2300 Tisbury Way Brenda Towns, See My Humanity, 912 Lake Pleasant Road Janna Veenstra, Janna Veenstra Photography, 2417 Graystone Drive Wetrich Holding LLC, Agape Home Service, 308 Bridle Trail Lorenzo Wiley, Island Ranch, 2229 W. Eldorado Parkway 76201 Jose Armando Barba, Benjamin Ruvalcaba, Drunchies Tacos & More, 1115 W. Hickory St., Suite 113 Melissa Basham, Masters Remodeling and Handyman Services, 817 Emery St. Jimmy Brown, QuikTrip #905, 321 W. Eagle Drive Julie Carriker, The Filling Station, 725 N. Elm St., Suite 24 Wayne & Kathleen LaCombe, Legends Diner, 508 S. Elm St., Suite 105 McNapinos Enterprises, Thunderhoof Coffee, 415 W. Sycamore St. McNapinos Enterprises, Spotlessly Yours, 415 W. Sycamore St. Papa Ekow Mensah, 54Pastels, 2126 Stella St., Suite 1 Amit M. Patel, ROOT, 1601 N. Elm St., Suite B Kimberly Phillips, Smokey Smoke Shop, 1214 Fort Worth Drive, Suite 100 Shannon Quillman, shrannonnichole, 1005 N. Austin St., #10 Lora Williams, Full Circle Nutrition, 721 N. Locust St.

Richard Drew/ AP file photo

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ASSUMED NAMES

The shine may be coming off public company darlings as well. Netflix created the market for online streaming. It accounts for an astonishing 15% of all Internet traffic and will spend $15 billion on original content this year, roughly 7 times what HBO spends. Netflix will spend another $3 billion on marketing, more than HBO will spend on programming. Despite billions spent on original programming, the vast majority of Netflix’s content is created by other studios. Disney, WarnerMedia (HBO’s parent), NBCUniversal and CBS are all launching their own streaming services. Disney has already decided to pull all its content from Net-

flix. And the most popular show on Netflix, The Office, will move to NBCUniversal’s streaming service in 2021. Netflix burned through $1.3 billion of negative free cash flow last year and anticipates setting another $3 billion on fire in 2019. Yet, the company recently announced that its U.S. subscriber count declined for the first time in almost 10 years. While market indices are near all-time highs, Netflix stock is down about 30% from the all-time high set last summer. Look out below. Market darlings like Uber, Lyft, Zoom and Netflix offer tremendous products and services. Yet they continue to light money on fire. New IPO listings are

beginning to fail — closing below their IPO list price. Yet value stocks are beginning to rally. Perhaps the long-awaiting pivot away from money-losing growth names to cashflow-generating value stocks is underway. It’s about time. JONATHON FITE is a managing partner of KMF Investments, a Texas-based pure pay-for-performance hedge fund. He is also a professor with the G. Brint Ryan College of Business at the University of North Texas. This column is provided for general interest only and should not be construed as a solicitation or personal investment advice. Comments may be sent to email@kmfinvestments.com.

76205 Tanner Blankenfeld, Forever Home Team, 2434 Lillian Miller Parkway Soda Ventures, 92 Reasons Educational Services, 1332 Teasley Lane Soda Ventures, 92 Reasons Counseling Services, 1332 Teasley Lane Bobbie Garrett, Garrett 940 Trucking, 306 S. Wood St. Kimberly Hall & Zach Rainey, Squirrelly Pecans & Sweet Treats, 25 Rolling Hills Circle Stephanie Ingram, Service Pro Trucking (SP Trucking), 1121 Indian Ridge Drive Opal Estelle LLC, Live Oak Apts. of Denton, 2505 Stella St. Dustin Mayfield, VerTex Commercial Real Estate, 1800 S. Loop 288, Suite 396-120 Dustin Mayfield, VerTex Commercial, 1800 S. Loop 288, Suite 396-120 Dustin Mayfield, Revolution Realty, 1800 S. Loop 288, Suite 396-120 Dustin Mayfield, Powerhouse Realty, 1800 S. Loop 288, Suite 396-120 John Oluwagbemiga, Overcomers’ Prayers Publishing Co., 1030 Dallas Drive Tynesha Parks, Clean Outcome Services, 1332 Teasley Lane Kathryn Ida Picek, Kat’s Cookie Craze, 1800 Jason Drive, Apt. 137 Elvis Quiles, Latinfellas Live Entertainment, 2212 Fort Worth Drive, Trailer 151 Janet W. Shelton, Building a Better Denton, TX, 4 Timbergreen Circle Patrick Sherwood, NextGen Writing, 2007 Teasley

Lane, #107 Nancy Dee Sturrock, Nancy Dee Photography, 42 Highview Circle Yahshua Alexander Williams, Williams, Yahshua Alexander, 2100 Spencer Road, Apt. 3111 76207 Bernardo Duran, Builder Services, 4937 Stuart Road Richard Davis, Neurotherapy Associates of Texas, 4232 N. Interstate 35 Charlotte McGovern, Busy Bee Pottery, 10109 Cypress St. Tracy Lee Olson, Backporch Pottery by Tracy, 9300 Grandview Drive Jerry R. Phillips, Accoustix Crossroads, 8804 Freeport Drive Kaothar Sowemimo, Meedey Hair, 400 Ame Drive, Apt. 3331 Dennis Stewart, Texas Background Investigators, 8925 Gardenia Drive Roxanne Walsh, Roxi Cares, 3325 Gardenview Circle Michael Whitworth, MW General Contracting & Handyman Services, 3482 Springside Road 76208 AT Owner 17 LP, Providence Place I, 3500 Quail Creek Drive AT Owner 18 LP, Providence Place II, 3500 Hudsonwood Drive Arbor Lake Investments LLC, Arbor Lake Investments – Series A, 1610 Bonanza Lane Jimmy Brown, QuikTrip #899, 3300 E. University Drive Andrew Fisher, Prestigious Supply Co., 5300 Par Drive, Apt. 2223 Jeffrey Foster, PetDragon Creative, 1606 Bonanza Lane Charles Freeman, Touch of Glitter, 4505 Eagle Path Road Chris Ganter, Blue Star Holding Company, 5120 E. University Drive Ellen Lou Kelley, Tri Party Improvements, 1212 N. Corinth St. Pedro Saucedo Jr., Golazo Indoor Soccer League, 4732 Redbud Drive Dawnea Smith, Lathers&Cream, 3601 Oceanview Drive 76210 Brandon Barnun, BlakesLawnCare, 3939 Teasley Lane, Lot 367 Jesus Barrientos, Metro Dallas Services, 3207 Brenton Drive Andrea Bledsoe, Drea’s Dream Travels, 908 Greenbend Drive Jimmy Brown, QuikTrip #911, 3701 S. Interstate 35 Michael Choate, L&S Group LLC DBA NextCloud Technology, 4251 FM2181, #230-141 D & M Pool Services LLC, Pool-Aid, 3602 Manchester Court Roberick Delgado, A Touch of Stain, 2405 Miranda Place David A. Marsh & Samantha L. Farmer, Random’s Transports, 3300 S. Garrison Road, #1315 Steve Holzwarth, Texas Real Estate Associates, 1644 Oak Ridge Drive Steve Holzwarth, United Country – Texas Real Estate Associates, 1644 Oak Ridge Drive Steve Holzwarth, Texas Real Estate Associates – Commercial, 1644 Oak Ridge Drive Steve Holzwarth, Texas Real Estate Associates – Property Management, 1644 Oak Ridge Drive Joel Jasso, Jasso Glass and Mirror, 9100 Teasley Lane, Trailer 70K Julie Kastel, ArmadilloAttic, 3939 Teasley Lane, #161 Anthony S. Layne, Layne Insurance, 3833 Country Club Road Suzi Manrique, Fluent, 4005 Andrew Ave. Suzi Manrique, Design IQ, 4005 Andrew Ave. Christy & Jonathan Monte-Rosa, Zulores Magazine, 3496 Riverview Drive Jonathan Monte-Rosa, Streetpeepz, 3496 Riverview Drive Daniel O’Flaherty, Next Door Productions, 3408 Hofstra Drive Mario Owens, Squeaky Clean Softwash, 3832 Ridgemont Lane Andrew Robinson, SemperFiCoffee LLC DBA Blue Canyon Coffee, 3213 Brampton Drive SKT USV Holdings LLC, 2005 Del Mar, 2005 Del Mar Court Elisha Stephens, Glorious Grace Designs, 2702 Skyview Drive Zorria Thompson, Lip Lust, 2700 Colorado Blvd. Lisa Weise Wood, Flamingo Bay Boutique, 2202 Woods Edge Court Chanelle Woolridge, My Aura Skincare, 200 Thistle Ridge Andres Yebra, FitPic, 102 Forestwood Drive 76226 Greg Vines, Delta Restoration Services of North Central DFW, 714 Skyline Drive Richard Andrews, Andrews Printing, 6941 Broomsedge Drive Sixth Gear Automotive LLC, Fifth Gear Automotive Argyle, 8955 U.S. Highway 377 Richard M. Dodson, Action Sign & Banner, 742 Seals Road Richard M. Dodson, Argyle Signs, 742 Seals Road Sandra B. Garoutte, The Details, 2000 Winthrop Hill Karl H. Giles, KHG Sales & Marketing, 1716 Homestead Way Go Edit Media, Go Edit Graphics, 1022 Cedar Creek Road William Nathaniel Hayward, Northstar Tree Care, 220 Oak Ridge Lane William Nathaniel Hayward, Watermark Service, 220 Oak Ridge Lane Nathan King, King’s Texas Wallcoverings, 5000 Marble Falls Drive Deanna McCray, Quora Healthcare, 208 Birdcall Lane Patrick Owens, The Western Gypsy, 1404 Canary Lane Mark Torres, Local Art Project, 503 FM407 76227 Sharon Anderson, Toss My Trash, 1031 FM2931, #917 Isailah Edwards Mervil & Brandon Balams, The Golden Glow Foundation, 9919 Birch Drive

ASSUMED NAMES | CONTINUED ON PAGE 5


Denton Record-Chronicle

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Vital Statistics SALES TAX PERMITS The following sales permits were issued by the state comptroller’s office for July. The list includes the owner, name of business and address within ZIP codes 75068, 76201, 76205, 76207, 76208, 76210, 76226, 76227, 76249, 76258 and 76266. 75068 City Church Global Ministries, City Church Global Ministries, 2213 Hickory Drive Awilda Moore, Natural Simplicities, 500 Kenilworth Ave. Premier Vibez LLC, Premier Vibez, 201 E. Eldorado Parkway, Apt. 2413 Kaustubh Nitin Nabar, Little Elm Attire, 932 Lake Woodland Drive Rebecca Quattrini, Lux Aurea Photography, 200 E. Park St. Aria Care LLC, Aria Care LLC, 2425 Deerwood Drive SOS Towing, SOS Towing, 128 W. Dickson Lane, Suite 200 Inspiration to Design LLC, Inspiration to Design LLC, 3612 Kern River Drive Miranda Kincaid, The Gypsy Junkie Boutique, 116 Glenview Drive Jordan Leigh Hale, A Pearl of Great Price, 2340 S. Elm Ridge Road Aldo Avina, Location Intelligence and Analytics, 2000 Michelle Creek Drive Olivia L. Mydlowski, Green Queen Brand, 1012 W. Eldorado Parkway, Unit 403 Arthur & Josephine Boncales, Rachel’s Closet, 2521 Stone Meadows Drive Seln Brunch LLC, Seln Brunch LLC, 500 W. Eldorado Parkway, Suite 400 Maelynn & Co. LLC, Maelynn & Co. LLC, 2050 FM423, Apt. 5502 Brenda G. Towns, See My Humanity, 912 Lake Pleasant Road Roger A. Arias, Roger Auto, 107 McDaniel Drive Rinda Garrett, Texas Longcorn Roasters, 301 Turnstone Drive

Voneva Denham Ownes, Voneva Official, 2517 Ash Drive Anders Aviation Group LLC, Anders Aviation Group, 1808 Lake Wood Trail Metroplex Pet Services Inc., Aussie Pet Mobile, 2648 Greyhawk Drive Systems Roofing LLC, Systems Roofing LLC, 3105 Tropica Drive Lindsey Marie Dutton, Lindsey Dutton Photography, 3026 Delray Court Valente Ibarra, Legacy Hot Shots, 3569 Kayewood Drive Nada Home Services LLC, Nada Home Services, 2308 Peppermill Drive Basta LLC, Basta LLC, 2425 Deerwood Drive Eddie L. Lease, Lease It Carpet Cleaning, 1611 Hillcrest Blvd. Frontline Seamless Gutters LLC, Frontline Seamless Gutters, 2767 W. Eldorado Parkway Jason Hanks, Done Right Security Systems, 2136 Jonathan Creek Drive I Am Here LLC, I Am Here LLC, 2324 White Oak Drive Carl E. Owens Jr., CEO Enterprises, 3943 Spinnaker Run Point Rhonda Michelle Herring-Traylor, Faye’s Fashion Accessories, 2665 Whispering Trail 76201 Pod Plug LLC, Pod Plug, 919 Maple St. Pod Plug LLC, Pod Plug, 801 S. Welch St. Worthington Paper Co. Inc., Worthington Paper Co. Inc., 1204 W. University Drive Cegin Group LLC, Hannah’s, 111 W. Mulberry St. Vape King Inc., Vape King Inc., 218 W. University Drive Zalat Holdings 5 LLC, Zalat Pizza, 1221 W. Oak St. Shannon Quillman, shrannonnichole, 1005 N. Austin St., Unit 10 Jose A. Barba & Benjamin Ruvalcaba, Drunchies Tacos & More, 1115 W. Hickory St., Unit 113 Tiff’s Treats Dallas II LLC, Tiff’s Treats, 2320 W. University Drive, Suite 1499 Jessica Rich, Brushmistress Machinations, 3100 Town

Center Trail Anwar Ahmad Alsuheem, Layalina, 222 W. Hickory St., Suite 104 Hannah Poe, Bad Boy Yardies, 118 N. Locust St. Wayne Joseph LaCombe, Legends Diner, 508 S. Elm St. Randy’s Cheesesteaks LLC, Randy’s Cheesesteaks LLC, 1320 W. Hickory St. Double L Salon & Gifts LLC, Double L Salon & Gifts LLC, 1511 Malone St. True and Sound LLC, True and Sound LLC, 1812 Panhandle St. Ellen Levings, Pint Services, 318 E. Oak St., Suite 130 Marimedic LLC, Marimedic LLC, 2117 W. Hickory St., Apt. 2 KeyMe Inc., KeyMe Inc., 500 W. University Drive Stephan Nedwetzky, Pit Commander Barbecue, 208 N. Austin St. 76205 Laurie White, Unique Style Pendants, 1816 Teasley Lane, Apt. 906 Enzo Motorsports LLC, Enzo Motorsports LLC, 1230 Duncan St. DSW Shoe Warehouse Inc., DSW Shoe Warehouse #29211, 1800 S. Loop 288, SPC B1 CleanPro Janitoral Services LLC, CleanPro Janitorial Services LLC, 2007 Teasley Lane, Apt. 129 Elias Discoveries LLC, Elias Discoveries LLC, 1720 Westminster St. John Rainey & Kimberly Hall, Squirrelly Pecans & Sweet Treats, 25 Rolling Hills Circle Antonia Razo, Antonia Razo, 1710 Sam Bass Blvd., Apt. 1022 Anwar Ahmad Alsuheem, Quick Track Gas Station, 1724 Bernard St. Samantha Cutler, Heavenly Taylored Sweets, 260 S. Interstate 35E, Suite 100 Denton Lawnscapes LLC, Denton Lawnscapes LLC, 1040 Shady Oaks Drive, Suite 110 76207 Josh Marten, Stal Timber, 2321 N. Masch Branch Road, Suite 359 Andrea Williams, AK Queen, 613 Fallmeadow Court, Apt. 4 Brett L. Paxton, Paxton Construction, 9705 Blackwood Drive Tracy Lee Olson, Backporch Pottery by Tracy, 9300 Grandview Drive Digi Sport Performance LLC, Digi Sport Performance LLC, 2321 N. Masch Branch Road, Suite 325

76249 Jason Bragg, JB Automotive Lift Repair, 10099 FM1173

Charlotte Gayle McGovern, Busy Bee Pottery, 10109 Cypress St. Lucy A. Lindsey, Lucy Lindsey Beauty, 9821 Ironwood Drive Irrigators Supply Inc., Irrigators Supply Inc., 5250 Dakota Lane Precise Equipment Company LLC, Precise Equipment Company LLC, 3421 Barcelona St. Jalen Dorsey LLC, Jalen Dorsey LLC, 2915 Augusta Drive, Apt. D 76208 Moosoey Products LLC, Moosoey Products LLC, 3621 Red Oak Drive Charles Dashon Freeman, Touch of Glitter, 4505 Eagle Path Road 76210 Rena Hayari, Lavender Linen, 3150 Garrison Road, Apt. 721 Milam And Palmer Industries Inc., Milam and Palmer Industries, 3036 Country Club Road Kyle Phillips, Kyle Phillips, 8309 Montecito Drive Bishop Food Company LTD. Co., Aaron Michael’s Concessions, 1001 Wintercreek Drive Fiorella Liddy, All Things Liddy, 3605 Ranchman Blvd. Kathi Travers, Lydia’s Attic, 3605 Leeds Court Greenlight LLC, Greenlight LLC, 2107 Milan Drive Datreell Ezem, Trenvy, 6013 English Saddle Lane Michael Allen Wallen, Michael Allen Wallen, 8328 Montecito Drive Lone Star Naturals LLC, Lone Star Naturals LLC, 3220 Teasley Lane, Suite 118 Ryan Cornist, F3 Express Tees, 7520 Sunburst Trail MG Pools LLC, MG Pools, 2504 Whetstone Drive Chris & Christie Taylor, She Shed, 7101 Raintree Way Daniel L O Flaherty, Next Door Productions, 3408 Hofstra Drive Anthony R. Zazula, Mineral Kiss, 1310 Cheyenne Trail Pioneer Automotive Inc., Pioneer Automotive Inc., 8010 Teasley Lane Lyndsie Maree Reed, Fashionably Southern Design, 1918 Piper Drive Sally Beauty Supply LLC, Sally Beauty Supply, 3001 Colorado Blvd. Beauty Systems Group LLC, Beauty Systems Group, 3001 Colorado Blvd. 76226 Go Edit Media LLC, Go Edit Media, 1022 Cedar Creek Road

BUILDING PERMITS

ASSUMED NAMES | CONTINUED FROM PAGE 4 Tieri Benge, 380 CBD American Shaman, 26744 E. University Drive, #400 Angela Claytor, Claytor Cleaning, 7600 E. U.S. Highway 380 Karolyne Sonely Martins & Karyne Sonely Felix, Sonely International Services, 1371 Bristol Lane Harun Gatua, Good – Pro Cleaning Services, 120 Stanley Drive, #757 Seth Greenleaf, Local Lighthouse Construction, 924 Lighthouse Lane Katasha Hardin, Hardin Beauty, 2412 Opaline Drive Jose Roberto Sanchez Hernandez, Lizards Turf Service, 2901 Naylor Road Veda Holt, Velvet Dreams, 1701 Jasmine Trail Jason Ray Hutchinson, Crazy J Rays Smokehouse BBQ, 2885 Forest Hills Drive Dana Jobe & Amanda Nelson, Poppy and Wool, 9939 Cherry Hill Lane Zetria Kneeland, Quickie Cleaning, 1904 Morning Dove Drive LOMAH Ventures LLC, Oak + Ivy Venue, 11858 FM428 Rafael Lopez, Do-It-4-You Home Improvement, 1124 Cottonseed St. April Loyd, The Wet Hen Company, 4839 FM2931 John Marceau, Marceau Productions, 1013 Magnolia Blvd. Jacob Martin, Subtle Roofing and Construction, 9009 Tumbleweed Drive Kayce McDade, House of Forte Boutique, 9011 King Ranch Drive Jason McKoy, Jason McKoy Inc., 1520 Augusta Drive Kathryn Parrack, Risen Design, 117 Kruger Road Jasmine Pollard, Tarbutter, 8732 Wagon Trail Monica Soto, Soto Construction, 1331 Oakcrest Drive Robert Vaughan, Roofing Reformation, 11450 U.S. Highway 380, Suite 130, #279 Kenneth Weger, Double J, 1003 Jerry St.

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Barbara Alyne Flores, Sassy’s Diseños by Alyne, 107 Palomino Lane Sydney Michelle Hilgendorf, The Hilgendorf Group, 7428 FM1173 Mary Scharber, Raw Trends, 2154 Hillview Drive 76258 Juli Gibson, Western Praze, 522 E. Thomas St. Diane Chilton Harper & Howard E. Harper Jr., Chilton-Harper Show Horses, 11547 Dane Road Jessica Hinze, Jessica’s Broom Cleaning Services, 205 N. Prairie St. Jerry Langford, Copper Top Stables, 10075 Horse Shoe Nail Road Kaci O’Rourke, Pond Hill Performance Horses, 909 S. Washington St., Apt. 201 S. Lane Pierce, Loco Snow Texas, 334 S. College St. Ric Sadler, Emergency Waste Temporary Transfer Solutions, 401 N. Washington St. Jerry P. Sousa, Sousa Construction, 1875 E. Blackjack Road 76266 Joann York Baker, Texas Auto Towing Service, 727 S. Stemmons St., Suite 200 Jason Bobo, Bo-Tec, 9445 Brittany Hill Road John Edge, Edge Drywall, 104 Palomino Drive Randy & Michael Gentle, Gentle’s Oil and Tire, 504 Bolivar St. Salvador Huizache, All Around Handyman, 8367 Travis Road Mary Hunter, Behavior Explorer, 209 Walnut St. Perla Lopez, AMJ Landscaping, 214 Southside Drive Randy & Katie Martin, Martin Mechanical Heating and Air Conditioning, 1149 Serendipity Circle Joab Torres, MJ Services, 8643 Houston Road James Turbeville, Lonestar Rhino Football, 1002 Porter Place

The following building permits were issued by the Denton Planning and Development department in August. Commercial alterations and commercial permits reflect the owner or tenant and the address of the business. Residential permits include the address of the home.

COMMERCIAL All Storage Denton, 3251 N. Interstate 35E Blue Beacon International Inc., 4800 Barthold Road Creekside Amenity Center HOA, 4001 Willow Grove Ave. City of Denton, 1954 Shady Oaks Drive

CERTIFICATE OF OCCUPANCY Jack in the Box, 328 University Drive Redpoint Denton, 500 Inman St., Apt. 1, #12-24 The Pearl On University, 2425 Old North Road, Buildings 1-4 Rapid Job Physicals, 2215 S. Loop 288, #410 Platinum Construction, 1251 Teasley Lane Auto Sound Marine, 1804 Fort Worth Drive McKinney Food Store, 1117 E. McKinney St. Havok Truck Accessories, 516 S. Interstate 35E Sushi Cafe, 1115 W. Hickory St. Mi Tata, 5017 Teasley Lane, #101 Allgood Auto Repair, 1032 Shady Oaks Drive, #205 Mindful Counseling, 2220 San Jacinto Blvd., #340 Excalibur Muffler & Automotive, 4529 Teasley Lane Sacred Oils, 2436 S. Interstate 35E,#350 Hour Personnel Services, 2219 S. Loop 288, #207 Cornerstone Apartments, 700 Hercules Lane, Buildings 1 and 2 Nifft LLC, 201 N. Austin St. The Bariatric Experts, 3537 S. Interstate 35E, #200 Dodson Law Firm, 1512 E. McKinney St., #102 Shell Building, 2214 Emery St., Building 1 Da Capo Music LLC, 303 N. Carroll Blvd., #214 Stal Timber LLC, 2321 N. Masch Branch Road, #366 Armadillo Brewing Co., 215 S. Bell Ave. Clinical Pathology Labs, 3537 S. Interstate 35E, #212 Denton OB/GYN PA, 3537 S. Interstate 35E, #214 Free Play Inc., 2401 Worthington Drive, #145 Denton Monument Works, 1415 N. Elm St., #103 Drunchies Tacos & More, 1115 W. Hickory St., #113 A & H Family Clinic, 2556 Lillian Miller Parkway, #100

COMMERCIAL ALTERATION T-Mobile, 1911 Virginia Circle BB&T Bank, 1707 S. Loop 288 Walmart #4104, 3930 Teasley Lane Peterbilt Motors Co., 3200 Airport Road Sprint, 3562 Teasley Lane Fitness Connection, 2201 S. Interstate 35E AccessBank Texas, 320 W. Eagle Drive 100 Peak Physical Therapy, 3926 Teasley Lane, #105 Cinemark 14, 2825 Wind River Lane Dr. Raj Medical Office, 2214 Emery St., #220 CBD Plus USA, 1400 S. Loop 288, #108 Manchester House Apartments, 501 Londonderry Lane Westgate Properties LP, 4410 Worthington Drive, #112 JDFIU Texas Building LLC, 100-102 W. Oak St. Shadow Wood Apartments, 616 Londonderry Lane T-Mobile, 124 Daugherty St. Liquor Warehouse, 1405 E. McKinney St., #100 T-Mobile Antenna, 4525 Teasley Lane Caine’s Meat Market, 2736 N. Elm St. RESIDENTIAL DR Horton 108 Wilson Way 201 Wilson Way 3413 Doris Drive 401 Wilson Way 113 Wilson Way 317 Samuel St. 313 Samuel St. 309 Samuel St. 301 Samuel St.

September 2019 The VMGrind LLC, Cuppa Espresso Bar, 1119 S. U.S. Highway 377 Fake Flex Enterprises LLC, Fake Flex Enterprises, 11969 Hilltop Road, Suite 31 Tractor Supply Co. Of Texas LP, Tractor Supply Company 2379, 2201 E. FM407 1 Wheel Parts LLC, 1 Wheel Parts, 480 Copper Canyon Road NetProfit Consulting Inc., NetProfit Consulting Inc., 210 E. Denton St. Argyle West Elementary PTA, Argyle West PTA, 1741 Old Justin Road Herohelix LLC, Herohelix LLC, 8430 Canyon Crossing Mark Torres, Local Art Project, 503 E. FM407 Sarah A. Combs, Lattice Lover, 6050 FM1830 Sandra B. Garoutte, The Details, 2000 Winthrop Hill Road Ruth A. Larocca, Rannelles, 1100 Ninth St. ATX Land Enhancements LLC, ATX Land Enhancements LLC, 401 Fenceline Drive Jessica Gregory, She’s Meant, 225 Oak Ridge Lane Brand in Hand LLC, Brand in Hand LLC, 410 Hearth Terrace Precision Fit Labs LLC, Precision Fit Labs, 811D Stonecrest Road Bring Back the Glory, Deric & Deborah Fontenot Min, BBTGlory, 6211 Prairie Brush Trail GBTG Inc., TMarie Suits, 1425 Sixth St. Sunshine Carpet and Floor Cleaning LLC, Sunshine Carpet and Floor Cleaning LLC, 2652 E. FM407 Suite 235

April Lopez, A Happily Enchanted Boutique, 729 Fireside Drive Kathryn Parrack, Risen Design, 117 Kruger Road J Hutchinson Roofing and Construction LLC, Crazy J Rays Smokehouse BBQ, 2885 Forest Hill Drive D’Z Puppy Place LLC, D’Z Puppy Place, 26785 E. University Drive, Suite 300 K9-Trader LLC, K9-Trader, 1010 E. Oak Shores Drive O Pizza Inc., O Pizza Inc., 928 S. U.S. Highway 377, Suite 110

76227 Brockett Elementary Parent Teacher Organization, Brockett Elementary Parent Teacher Organization, 900 Chestnut St. William James Kelly IV, Military Lawn Cuts & Landscaping, 9153 Benevolent Court Adiel Morales, Adiel Morales, 1120 Stampede Drive What’s For Lunch, Lisa LLC, What’s For Lunch, Lisa, 1813 Prospect Lane Kayce McDade, House of Forte Boutique, 9011 King Ranch Drive Laneah Michelle Renfroe, CrissCrossCrafts, 1816 Forsythe Drive Sebastian Royo, El Rudo, 1209 Long Leaf Drive April Diane Liyd, The Wet Hen, 4839 FM2931 James Romig, Romig Pianos, 417 Brahma St. Elizabeth Torres, Gorditas Divina, 1601 Sparrow Lane The Lounge @ Four Seasons LLC, The Nails And Spa, 10000 U.S. Highway 380, Unit 200 Jasmine Pollard, Tarbutter, 8732 Wagon Trail

76266 Super’s Pool Services Inc., Super’s Pool Services Inc., 699 Good Ole Boy Road Young Guns Auto Inc., Young Guns Auto Inc., 700 S. Stemmons St. 3 Alarm Welding And Fabrication LLC, 3 Alarm Welding and Fabrication, 5820 W. FM455 David D. Smith, UpNOverOffroad, 37 S. Highland Drive Mary Elizabeth-Hart Hunter, Behavior Explorer, 209 Walnut St. Cool Vapes LLC, Cool Vapes LLC, 904 S. Fifth St., #102 Wave Crest Enterprises LLC, Wave Crest Enterprises LLC, 529 Rising Star Lane Cody S. Tilley, Atlas AC & Heat, 1838 Private Road, #6615 Savana R. King, Savvy Chic Rustic Boutique, 4007 Monte Cristo Lane Xact Coat LLC, Xact Coat LLC, 201 Railroad Ave. Gro Pro Horticulture Services Inc., Gro Pro Horticulture Services Inc., 8474 Rector Road

217 Samuel St. 101 Wilson Way 3612 Jackson Hollow 3616 Jackson Hollow 3712 Skelton St. 3412 Skelton St. 3500 Skelton St. 3504 Skelton St. 305 Samuel St. 3604 Robbie Run McClintock Homes 1401 Oak Tree Drive 1012 Larch Lane 1005 Larch Lane 1504 Black Oak Drive 1408 Black Oak Drive Pulte Homes 9701 Creekmere Drive 6600 Woodmere Court 6620 Woodmere Court Habitat for Humanity of Denton County 707 Lakey St. BJH Johnson Properties 1200 Stacy Court Trendmaker Homes DFW 3808 Carmel Hills Drive LGI Homes 900 Juneberry Drive 904 Juneberry Drive 908 Juneberry Drive 912 Juneberry Drive 916 Juneberry Drive 905 Juneberry Drive 909 Juneberry Drive 913 Juneberry Drive 917 Juneberry Drive 921 Juneberry Drive 925 Juneberry Drive 1001 Juneberry Drive 1005 Juneberry Drive 1009 Juneberry Drive 1013 Juneberry Drive

1017 Juneberry Drive 1021 Juneberry Drive 717 Lansman Trail 721 Lansman Trail 725 Lansman Trail Robson Ranch 9700 Ironwood Drive 12605 Lockhart Drive 8104 American Way 12201 Pepperidge Ave. 9617 Arkose Drive 12520 Pepperidge Ave. 12601 Gritstone Drive 12501 Pepperidge Ave. 12512 Pepperidge Ave. 9709 Arkose Drive 12200 Glenbrook St. 12520 Pumice Lane 12313 Glenbrook St. First Texas Homes 7817 Alders Gate Lane 7808 Echo Hill Lane 7709 Alders Gate Lane 7604 Alders Gate Lane Gehan Homes 6513 Ridglea Court History Maker Homes 3321 Carmel Hills Drive 5609 Marina Drive 5629 Wharfside Place Innovation Builders 9320 Meadowpark Drive Sumeer Homes 3916 Madison Lane 3912 Madison Lane 3908 Madison Lane 3913 Madison Lane

76249 Mary Catherine Scharber, Raw Trends, 2154 Hillview Drive Stephen Adam Barrow, Stephens Auto Rescue, 13290 Pruett Road 76258 David Kennedy, David Kennedy, 10175 Horseshoe Nail Road Aubrey Leasing LLC, Corner Cafe, 1280 S. U.S. Highway 377 Matthew Brock, M.L.M. Hardware, 12929 Saint John Road Nancy V. Lamb, My Own Creations By Nancy, 706 S. Washington St. The Wood Joiner LLC, The Wood Joiner LLC, 919 E. McDonald Drive Kirk Klement Enterprises LLC, Red River Rental, 400 N. U.S. Highway 377

Take a stroll down memory lane — Denton County history in a hardcover book.

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The Denton Record-Chronicle is pleased to announce a new hardcover coffee-table book: “Denton Memories: The Early Years.”We are thrilled to include photos from our readers, in addition to photos carefully selected from Denton County Office of History & Culture, Denton Public Library and Texas Woman’s University featuring Denton County from the 1800s to 1939.

Pre-order your 136-page commemorative book now and save $15.00 off the $44.95 retail price! Books ship Nov. 22, 2019.

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From the archives of Denton County Office of History & Culture, Denton Public Library and Texas Woman’s University

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CHAMBER SPOTLIGHT #DentonMeansBusiness UPCOMING EVENTS

CEO ROUNDTABLE LESSON LEARNED SERIES

SEPTEMBER QUARTERLY MEMBERSHIP LUNCHEON Sponsored by Medical City Denton

RIBBON CUTTINGS Connections Primary Care

iKids Pediatric Dentistry

Jason’s Deli’s 25th Anniversary

UPCOMING RIBBON CUTTINGS

Professional Service Property Management

Lone Star Natural

Friday, September 27 • 12:00 PM 3220 Teasley Ln #118 Denton, TX 76205

Thursday, September 26 • 4:30 PM 3111 Unicorn Lake Blvd #116 Denton, TX 76210

Professional Service Property Management

NEW MEMBERS

3111 Unicorn Lake Blvd #116 Denton, TX 76210 (940) 304-2400

6-4-3 Construction Solutions, LLC

100 E Foreline St Gainesville, TX 76240 (682) 465-6875

   Derbha H. Jones, PLLC

Innovative Outcomes, Inc.

Pamela Shelton, REALTOR Fathom Realty

Dumas Capital Partners

1475 S Trinity Rd Denton, TX 76208 (940) 387-1508

Discovery Park Apartments 3925 N Elm St Denton, TX 76207 (940) 218-2629

BizSource Marketing Promotional Products & Logo Apparel 633 Londonderry Ln Denton, TX 76205 (940) 464-2209

RS Consulting

608 E Hickory St #128 Denton, TX 76205 (972) 697-8116

Gnnovation, LLC

2021 Fairmount Park Dr Denton, TX 76210 (214) 529-7050 Jill Jester....................................... Chair of the Board Jeff Reecer ..........................Chair-Elect of the Board Erik Clark ............ Immediate Past Chair of the Board

303 N Carroll Blvd #120 Denton, TX 76210 (940) 383-3961 9824 Ironwood Dr Denton, TX 76207 (214) 274-9189

2405 Westheimer Rd Denton, TX 76210 (214) 762-5145

Denton Sports Chiropractic 207 W Hickory St #210 Denton, TX 76201 (940) 514-1701

Mobius Financial Advisors 723 S Interstate 35E Denton, TX 76210 (940) 367-6852

Heaven At Home Senior Care

System Tech, Inc.

623 Londonderry Ln Denton, TX 76205 (940) 999-1246

1332 Teasley Ln #100D Denton, TX 76205 (682) 610-2004

Brookdale Senior Living 2525 Lillian Miller Pkwy Denton, TX 76210 (940) 597-6698

Interested in Membership? Call 940.382.9693

Founders Path

1701 Shoebill Dr Little Elm, TX 75068 (617) 610-1988 DENTON CHAMBER OF COMMERCE BOARD OFFICERS

Carrell Ann Simmons.......................................................Treasurer Shannon Mantaro ...............Vice-Chair, Membership Development Lee Ramsey .....................................Vice-Chair, Special Initiatives

Marty Rivers ................Vice Chair, Economic Development Rick Wick...............................   

DIRECTORS

Lee Allison • Jason Bodor • Roy Culberson • Brian Danhof • Sheryl English • Jim Fykes • Monica Glenn • Gary Henderson • Michelle Houston • Jeff Pritts • Pat Sherman • Randi Skinner • Kristi Stokes

EX OFFICIO DIRECTORS

Hugh Coleman................................................ Pct. 1, Denton County Commissioners Court Hank Dickenson .........................................................................Chair, CVB Advisory Board Carine M. Feyten, Ph.D. .......................          Kerry Goree ..............................................President, Denton Black Chamber of Commerce

414 W. Parkway Denton, TX 76201 940.382.9693 Denton-chamber.org DE-19993

Mia Price...............................................................President, Denton ISD Board of Trustees Neal Smartresk.............................................................      Chris Watts ......................................................................................... Mayor, City of Denton

Profile for Larry McBride

September Denton Business Chronicle 2019  

September Denton Business Chronicle 2019  

Profile for lmcbride