NASHVILLE, Tenn. — First Colombia Gold Corp. has signed a purchase and sale agreement to acquire 11 convenience stores in Alabama, according to CSPnet.com.
The $4.8 million agreement is part of a strategy designed to develop a new national c-store brand, stated the article.
First Colombia Gold Corp. is now in a position to close on each of the stores individually, reported the article, and the closings will begin in December, rolling out on a schedule which is expected to conclude by the end of the quarter.
The c-stores will be branded as “Norfleet Markets,” continued the article, and are the first in a planned expansion, of which the company hopes will consist of more stores in the coming year.
Signed by Enterprise Partners, a subsidiary of First Columbia Gold, the agreement includes physical inventory, real estate, merchandise and supplies for the 11 c-stores, informed the article.
“With these stores, we are launching the Norfleet Markets brand and plan to solidify the company’s position in the c-store arena,” said Pete Iodice, president of Enterprise Partners, in the article. “Our goal is to make Norfleet Markets a brand that is instantly recognizable across the United States.”
For more than 25 years, noted the article, Iodice has been involved in the development and operations of travel centers, c-stores and quick-serve restaurants (QSRs).
You can find the article here.
