Several c-stores set for auction bidding - Professional Carwashing & Detailing

Several c-stores set for auction bidding

McALLEN, Texas — Aziz Convenience Stores LLC filed for bankruptcy protection last August.

McALLEN, Texas — Bids are now being accepted by Keen-Summit Capital Partners for the purchase of 28 Aziz Quick Stop convenience stores in Southern Texas at a minimum bid of $29.6 million, according to CSPnet.com.

Aziz Convenience Stores LLC filed for bankruptcy protection last August, stated the article.

After considering several options, the company chose to liquidate its retail sites, added the article.

The deadline for the auction bid is Wednesday, July 15, continued the article, and the auction will take place at 9 a.m. (Central) on Monday, July 20.

Aziz entered into a “stalking horse” purchase and sale agreement with Sunoco LP (formerly Susser Petroleum Partners LP) earlier this year to sell the c-stores and related assets for $28 million in addition to “the value of fuel inventory, supplies and merchandise inventory, reported the article.

Due to this agreement, Sunoco LP is positioned as the lead bidder for the properties, noted the release, however stronger bids can still win the c-stores.

You can find the article here.

You May Also Like

Managing employee relationships

Essential insights to ensure a thriving business built on trust and professionalism.

Managing employee relationships

As a carwash owner or operator, you know the success of your business largely depends on your employees. They are the backbone of the operation and their skills, talents and dedication are crucial for achieving your goals.

But, how can employers ensure that their employees are motivated, engaged and productive? One of the most effective ways is by building strong relationships based on trust and respect.

Big Dan’s Car Wash opens first location in Southwest Georgia

ALBANY, Ga. — The site boasts a 150-foot tunnel, self-prep stations and 30 vacuums.

Big Dan’s Car Wash logo
Quick Quack celebrates Victoria grand opening with 12 days of free washes

VICTORIA, Texas — The new wash is the second of at least three planned Victoria locations.

Mammoth Holdings opens Silverstar Car Wash in Coon Rapids

DALLAS — The opening marks the 26th Mammoth location under the Silverstar Car Wash brand.

25th Mammoth location under the Silverstar Car Wash brand.
MCA to host networking event

LANSING, Mich. — The event will feature Mark Fisk, a partner at Byrum & Fisk Advocacy Communications.

Mark Fisk, a partner at Byrum & Fisk Advocacy Communications

Other Posts

UNC’s Paulina Paris featured in ZIPS Car Wash Convos

CHAPEL HILL, N.C. — Paris joined the UNC women’s basketball team for the 2022-23 season after being ranked as the No. 27 player in the country.

Nothing but net in the latest episode of Car Wash Convos with Paulina Paris, UNC Women’s Basketball's star Guard, and her host Kaitlyn Schmidt.
Mammoth Holdings names Bethany Gillam chief people officer

DALLAS — Gillam will oversee talent recruitment and development, compensation and benefits, and all other aspects of human resources.

Mammoth Holdings names Bethany Gillam chief people officer
Reaching new reclaim heights

Advancements and innovations in water reclaim that improve quality and expand use.

Reaching new reclaim heights
Club Car Wash celebrates opening of 150th location

COLUMBIA, Mo. — The new location in Melissa, Texas, officially opened its doors to the public on Feb. 22.

Club Car Wash celebrates opening of 150th location