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DURHAM, N.C. -- One month after filing for Chapter 11 liquidation, Swifty Serve Corp.'s convenience stores, service stations and travel centers will go up for sale next month.
National Real Estate Clearinghouse (NRC), the Chapter 11 trustee appointed to oversee Swifty Serve, is coordinating the disposition of more than 500 stores owned by Swifty Serve. The stores, located primarily in the southeastern part of the United States, will be sold through a sealed bid sale in a "buy one, some or all" format on Dec. 12.
Former convenience store properties will be open for inspection, with the exception of kiosks, Dec. 3-4. Due to the large number of sites, locations will be open for one hour each on each date. No other inspection times are available
Swifty Serve operated stores in 12 states including Florida, North Carolina, South Carolina, Georgia, Mississippi, Missouri, Alabama, Louisiana, Kentucky, Tennessee, Ohio and Virginia. The company ceased operations and all stores were closed after the bankruptcy filing on Oct. 4.
"There has been tremendous interest in these stores, from large companies looking to purchase 50 or more sites as well as individual buyers wanting to buy only one store," said Mike Bohnert, NRC's executive vice president.
Swifty Serve operated under a variety of names including Country Cupboard, EZ Serve, Swifty Mart, Crown, Pepco, Dixie, TownStar, and Camp. Gas brands include BP, Chevron, Citgo, Exxon and Shell.
National Real Estate Clearinghouse specializes in the accelerated sale of petroleum industry property and commercial real estate throughout the US, Mexico and Canada and has sold more than 8,000 properties since its inception in 1989.
A list of all the stores for sale is available by calling (877) 554-9584 or on online at www.nrcBid.com/207. Color sales brochures, along with due diligence packages that contain detailed information about the stores, are now available for order from NRC at 1-800-747-3342 ext. 207 at a cost of $35 per book plus shipping.