And so we are continuing to centralize some of the items that are not influencing the market leader ability to grow market share, to continue to establish relationships in the community and continue to grow their brand locally. And we’re continuing to think about those things in terms of whether it’s utilities, whether it’s IT decisions, whether it’s HR-related centralization options. But what we are very encouraged by right now, we have started a full-blown process to review our supply chain and procurement practices that will lead to some significant benefit as soon as we finish that process. That will include negotiation with vendors, how we elect vendors moving forward, our payment terms with each one of them. And of course, discounts and rebates that may benefit and will benefit the company moving forward.
So very, very excited about where we are on a stage on cost initiatives, but even more excited about what’s to come from that perspective.
George Kelly: And would you anticipate seeing the benefits of that exercise you’re going through right now in the next maybe by year end, or when would that start to hit?
Carlos Quezada: I believe some will be realized before the end of the year and some will take a little bit more time. They’re more comprehensive, larger scope and most likely will be realized in 2025. But there will be some low-hanging fruit that we have already identified and are starting to quantify. Most likely we should be able to share some of that on our Q2 release that will be realized during 2024.
George Kelly: And then just one last quick one for me. Steve, you mentioned that there’s potentially some real estate that you guys are considering monetizing. Can you share a little more detail on what that could look like. And I’m assuming that there’s no revenue tied to that or maybe that’s an unfair assumption. Any more? And I guess, the magnitude of could that be larger or smaller than the divestitures that you’ve already completed so far this year?
Steve Metzger: So on the real estate front, from time to time, we will recognize that we’ve got a business that, quite frankly, sits on very valuable real estate that is more valuable than what that business is. And so once we run the numbers on that to see if there’s any way to kind of bridge the gap between that value, we’ll make a determination if it makes sense to try and market that real estate. It’s not often we don’t have a lot of these opportunities. But we do have a few, and we’re working on one right now that it’s going to be a seven figure proceeds transaction for us whenever we’re able to finalize it. So again, not something I would say is frequent for us, but we do take a look at that from time to time to make sure we’re aware of what those real estate values look like.
Generally, when we’re looking at those opportunities, it is in a market where we can then funnel those calls to a nearby business. So we’re not losing out on any of the business when we sell the real estate.
Operator: [Operator Instructions] This does conclude the question-and-answer portion of today’s call. At this time, I would like to turn the call over to Carlos for any closing remarks.
Carlos Quezada: Thank you for joining. As we conclude our call today, I want to express our gratitude for your continued support and believe in our vision and purpose statements. Our strong performance this quarter is a clear indication that our strategic initiatives and 5-year objectives are right on track. We’re confident that these efforts will continue to enhance performance in the future, driving sustained growth and creating added shareholder value. Thank you, and have a great day.
Operator: This does conclude today’s conference call. You may now disconnect.
