Tim Hortons Inc. has closed 36 stores and plans to shut 18 kiosks in southern New England, the Buffalo News reported. The Oakville, Ontario-based company closed all its locations in Rhode Island, Massachusetts and Connecticut last week, as it reported a 21% rise in third-quarter profits. In addition, Tim Hortons closed two of its stores
Tulsa-based QuikTrip is selling its five Springfield, Mo.-based convenience stores, The Springfield, Mo. News Ledger reported. QuikTrip is focusing its efforts on very large metropolitan markets, and Springfield no longer fits the company’s plans, noted spokesman Mike Thornbrugh. “It’s accurate that the stores ultimately will be sold,” he told the News Ledger. “But there is
JJManning Auctioneers is selling four “Puffin Stop” Gas Stations / Convenience Stores in Maine. The stores will be auctioned off individually on Thursday, July 15, 2010. The Terms of Sale include a 10% deposit of which $20,000 Per Property must be presented in cash, certified or bank check at the auction. The remainder of the
Bankrupt Sunshine Energy, owner of APPCO, is fighting in the courts to regain its 12 closed convenience stores, which were repossessed by Management Properties Inc., the Johnson City Press reported. Meanwhile, Management Properties Inc. (MPI) wants Sunshine’s recently filed bankruptcy thrown out of court, so it can repossess another 16 stores. According to Sunshine Energy,
By Ted Thomas, Sun Exit Advisors Most convenience store owners are too busy to think about their exit plan. There comes a time, however, when business owners want to successfully leave their business. Unfortunately, when it comes time for transition, most don’t know how to accomplish that goal. A common mistake is to rush to
Fuel supplier C.K. Smith and Co. Inc., which closed 23 Irving gas stations last month in Massachusetts and New Hampshire, said yesterday its decision was part of a strategy to exit the gasoline business, but will not affect its heating oil and propane services business in Central Massachusetts, the Worcester Telegram reported. “Today, C.K.