Tucson’s Family-Owned Quik Mart Chain Sells Business

[ad_1]

TUCSON, Ariz. – Quik Mart Stores Inc. is selling its chain of 17 convenience stores to Southwest Convenience SPE LLC (SWC), a Delaware limited company incorporated to acquire Quik Mart’s assets.

Of the 17 stores, 15 are owned by Quik Mart for a fee and two are subject to long-term leases. Eleven of the 17 stores sell fuel and all but one are under the Chevron brand.

Quik Mart is a second generation family business and the largest independent convenience store retailer in the Tucson market. The company was founded in 1965 by J. Wesley (Wes) Little with the purchase of three convenience stores.

In addition to a wide variety of groceries, four stores offer made-to-order sandwiches, salads, burritos, and pastries as part of Quik Mart’s Hungry’s Subs and Salads, and three stores offer pizza, chicken wings, hamburgers, and other hot foods under the Hot Stuff Pizza franchise.

Quik Mart has received the Arizona Daily Star’s Reader’s Choice Award for “Best Convenience Store” for the past three years.

“Quik Mart has been a fixture in the Tucson, Ariz was far. ” time to sell, “said Quik Mart President Troy Little.

“We have been working with Denny Ruben and his colleagues at NRC Realty & Capital Advisors for a number of years, and they have been instrumental in helping our family navigate the sales process. As with all transactions of this type, there have been some bumps, but NRC’s extensive financial, legal and environmental experience has proven extremely useful in solving any problems and achieving our goals, “he added.” The SWC staff have been extremely cooperative and easy going and made a smooth transition. We are confident that business at SWC is in good hands and will continue to serve the Tucson community well. “

SWC dba Quik Mart is owned by Robert (Bob) Berg, Brett Bishov, Kevin Gandy, CEO of LPT Retail Services, and Akash Chilka. According to the company, the acquisition offers an ideal platform for expanding in the greater Tucson area.

“My partners and I have a variety of complementary leadership, capital markets, and best-in-class operational systems and controls that will serve us well and continue to make a positive contribution to our efforts to improve a great business Tucson will contribute to community, “noted Bishov, director of SWC. “My partners and I are impressed with Troy and the amazing Quik Mart team he has built. We are truly honored to continue the amazing Quik Mart legacy.”

SWC is a convenience store operator focused on small to medium-sized metropolitan markets in the United States. SWC and its clients have operational experience with more than 3,600 locations and capital market experience of over 7 billion US dollars.

[ad_2]