NASHVILLE, N.C. -- L&L Stores Inc. has sold its 14 L&L Food Stores in eastern North Carolina to two buyers, reported the Rocky Mount Telegram.
Owner Wayne Land sold seven of the convenience stores and two car washes earlier in March to Bi-Rite Market, Battleboro, N.C., and the other seven stores and one stand-alone car wash in Nashville, N.C., to Rose Oil Co., Henderson, N.C., which sells gasoline, diesel and commercial propane in several eastern North Carolina counties, including Nash County.
He did not disclose the terms of the deals.
The stores are in Rocky Mount, Spring Hope, Castalia, Sharpsburg, Nashville, Sandy Cross, Battleboro and an unincorporated site in Nash County and Tarboro in Edgecombe County.
“They will have the permission to use the L&L Food Stores name if they so desire up to the next five years,” Land told the newspaper.
Land said the L&L Food Stores have 170 employees, which the two buyers agreed to retain. “I had great long-term employees that some spent 20 to 30 years working for me,” he said.
Land helped start Nashville, N.C.-based L&L Food Stores in 1973 with one store, said the report. He and his daughters expanded the family business to 14 L&L convenience stores and gas stations during the next 45 years.
Land, who is 75 years old, cited health concerns and the need to spend more time with his family for his reluctant decision to exit the c-store business, the report said.
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