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INDIANAPOLIS -- Over the past 12 months, Village Pantry increased it store base by 27 percent. With most of its stores located in Indiana, the c-store retailer recently expanded into Ohio and Michigan, and is currently seeking acquisition opportunities within Illinois, Indiana, Kentucky, Michigan and Ohio.
"Look for our expansion to continue for the next 36 months," said Steven Larkin, vice president of real estate at Village Pantry. "There is currently no set limit on the number of stores we are looking to acquire. We will take singles, twosies, chains—any number of stores. If the right opportunity presents itself, we will consider acquisitions" within that five-state geographic area.
In addition to the geographical limitations, Village Pantry expressed some additional criteria for the stores it will consider. "The stores we will consider must pump a minimum of 1 million gallons and do more than $1 million inside sales annually," said Larkin. "It must be a true c-store (2,000 square feet) and have ample parking."
Larkin’s exclusive article, "Gaining Buyer Confidence," can be found on CSNews’ partner Web site, GasStations.com, at www.gasstations.com.