Mergers & Acquisitions

New Convenience Store Roundup for March 2015

Kum & Go, Circle K, Royal Farms, QuikTrip, Herbst, Crosby's, 7-Eleven, Turkey Hill, Love's, CEFCO, Stripes, more

OAKBROOK TERRACE, Ill. -- This edition of New C-Store Roundup features new convenience-store openings, sales, acquisitions and store closings with listings for the month of March 2015.

CEFCO (CSP Daily News / Convenience Stores / Gas Stations)

The unscientifically gathered roundup is by no means complete, but serves as a monthly competitive snapshot of newly opened or closed U.S. convenience stores, gas station, truckstops and travel centers not previously reported in CSP Daily News.

Many of the stores are owned by independent operators, while others belong to major chains, some part of CSP's Convenience Top 101. Some of them may be your new competitors.

The list has been arranged by state. Click through each item for more details on each store.

If you would like you new stores to be listed in an upcoming edition of CSP Daily News’ monthly New Convenience Store Roundup, please send your new-store announcements, as well as any other convenience-store industry news, to Greg Lindenberg at glindenberg@cspnet.com.

Arkansas

Kum & Go opened a new 5,000-square-foot convenience store in Farmington, Ark., on March 5.

Colorado

On March 2, NavPoint Real Estate Group announced the sale of a Sinclair gas station and convenience store in Centennial, Colo. The seller was Vraj Enterprise LLC. The purchaser was JALIL LLC.

Georgia

Circle K Southeast opened a new convenience store in Augusta, Ga., in March.

Iowa

A new owner took over the Martelle C-Store in Martelle, Iowa, in early March. Josh Sundstrom said he bought the gas station and car wash because he has been in the industry for a while--his last job was managing the Olin Kum & Go--and he wanted to stay close to his Mechanicsville home.

Maryland

Royal Farms opened a new convenience store in Salisbury, Md., on March 30.

Massachusetts

After 175 years in business, the Ashby Market in Ashby, Mass., has closed. Owner Bill Arnold citing high overhead including utility costs and a small number of customers. He said another problem was being located in a town that borders New Hampshire, which has no sales tax and lower taxes on alcohol and tobacco. The store, which became a convenience store with deli counter and large hardware section, shut down on March 15. A sign in the window said the store is closed and available for sale or lease.

Minnesota

Mille Lacs Corporate Ventures (MLCV) announced on March 4 that it completed the acquisition of the Meleen's BP gas-station and convenience-store property in Onamia, Minn. This acquisition fits within MLCV's small-business portfolio and joins three Marathon c-stores and other businesses. The business became available when the previous owners decided to close it down. This summer, MLCV does plan to redevelop the store, focusing on enhancing the property's offerings to make it more competitive.

Missouri

QuikTrip opened a new convenience store in Riverside, Mo., on March 5.

Nevada

Terrible Herbst held a grand opening for a full-service car wash featuring a convenience store and gas station on March 7 in Las Vegas.

New York

Reid Petroleum opened a new Crosby’s convenience store on March 19 in Bolivar, N.Y.

The real estate where two 7-Eleven convenience stores sit has been sold from a local investment group to another set of investors. The stores, in both instances, remain open and are not impacted by the deals. According to documents filed in the Erie County Clerk's office, the Schectman Children's Trust sold a parcel in Buffalo, N.Y., to Twin Lakes Ventures LLC, and in Tonawanda, N.Y.,  to Cheyenne Cannon LLC. In each instance, the properties sold for $799,500.

Stewarts Shops reopened remodeled convenience stores in Hoosick Falls, N.Y., on March 6, Fort Edward, N.Y., on March 13 and Saratoga Springs, N.Y., on March 20.

A Shell service station in Sheepshead, N.Y., closed in late March.

Ohio

Turkey Hill Minit Markets opened its newest convenience store in Columbus, Ohio, on March 5. The newly constructed, 5,600-square-foot store incorporates expanded grocery offerings as well as a car wash, a beer cave and a deli. Produce, flowers, and greeting cards will also be part of the merchandise

Pennsylvania

An Exxon gas station in Schuylkill Haven, Pa., reopened in early March. Joseph and Allison Gergus are leasing the space from CrossAmerica Partners. Gergus said he signed a three-year lease with the company for the space back in January. It will be known as the Exxon Quick Stop.

South Carolina

Circle K Southeast opened a raised-and-rebuilt convenience store in Summerville, S.C., in March.

South Dakota

Love’s Travel Stops & Country Stores opened a new location in Box Elder, S.D., on March 19.

Texas

CEFCO Convenience Stores re-opened a 5,000-square-foot, prototype-design location in Austin, Texas, on March 20.

Stripes Convenience Stores opening of its first location in Huntsville, Texas, on March 30. It also opened a c-store in Pharr, Texas, on March 30.

Love’s closed a location in Van Horn, Texas, on March 4 for remodeling. It will reopen in the summer.

http://www.loves.com/AboutUs/MediaCenter/LovesBlog/BlogDetail/TabId/186/ArtMID/655/ArticleID/154/All-new-Loves-coming-to-Van-

QuikTrip opened a new convenience store in Grand Prairie, Texas, on March 5. It also held a grand-opening celebration for a new convenience store in Oak Cliff, Texas, on March 19.

A new Swift Stop convenience store in Lamesa, Texas, opened for business on March 20. The store replaced the former Anne’s Mini Mart, which was torn down last year. The new 3,700-square-foot store was built by the same owners, Walker Sims Oil.

Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Foodservice

Opportunities Abound With Limited-Time Offers

For success, complement existing menu offerings, consider product availability and trends, and more, experts say

Snacks & Candy

How Convenience Stores Can Improve Meat Snack, Jerky Sales

Innovation, creative retailers help spark growth in the snack segment

Technology/Services

C-Stores Headed in the Right Direction With Rewards Programs

Convenience operators are working to catch up to the success of loyalty programs in other industries

Trending

More from our partners