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MUNCIE, Ind. -- Jerry's Junction, an independent convenience store here, will see up to 10 more locations in the town by the end of 2007, reported the Star Press.
"It's an aggressive number," Jerry Tipps, owner of Jerry's Junction, told the paper. "I'm hoping to have a minimum of five, maximum of 10, open by the end of the year."
Tipps plans to open convenience stores in other buildings that have been closed by former owners.
While Tipps owns just one store, he is not a newcomer to the convenience store industry. He owned and operated c-stores and gas stations in the Indianapolis area for approximately 30 years, the report stated.
Jerry's Junction was opened on May 21 after purchasing the station from G&G Oil and investing $45,000 in new fixtures to the building. The location became available after the supermarket chain Marsh closed its Village Pantry store on the property.
Tipps told the paper his plan to open multiple stores makes sense:
"If you're going to be in business, do it the right way," he said. "In order to be successful in this business, you have to own multiple locations because profit margins are so thin."