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Automotive Retailers Expanding Nationwide
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Automotive Retailers Expanding NationwideSoutheast Companies trades as Valvoline Instant Oil Change at 43 locations in IL and WI. The automotive stores, offering 10-minute oil changes and car washes, occupy 2,500 sq.ft. in power centers, strip centers and freestanding facilities. Plans call for 40 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 40,000 residing within three miles earning an average income of $50,000. Leases running 10 to 20 years are typical and the company, which is franchising, requires 33,000 sq.ft. of land. The automotive centers generate average annual sales of $500,000 to $600,000. For more information, contact John Theisen, Southeast Companies, PO Box 1385, Waukesha, WI 53187-1385; 262-524-7951, Fax 262-524-7950
Morgan Tire and Auto Inc. trades as Michel Tire in the Midwest, Olsen in the Southeast, Avellinos in PA, Wheelworks in CA and Hibdon in Oklahoma at 350 locations nationwide. The automotive stores, specializing in tires and related auto services, occupy 6,000 sq.ft. in mall pad sites and freestanding facilities in strong retail areas. Plans call for at least 50 openings in the coming 18 months. Expansion will take place nationwide with an emphasis on Washington D.C.; Atlanta, GA; and Philadelphia, PA. The company prefers to locate near Wal*Mart or Kmart. Leases running 20 years with options are preferred and the company will consider single to multiple acquisitions. For more information, contact Joel Parker, Morgan Tire and Auto Inc., 2021 Sunnydale Boulevard, Clearwater, FL 33765; 727-441-3727, Fax 727-461-7709.
Speedee Corp trades as Speedee Oil Change & Tune Up at 151 locations nationwide and internationally. The automotive stores, offering quick oil changes, tune ups, brake services and preventative maintenance, occupy spaces of 2,950 sq.ft. in freestanding facilities, strip centers and specialty centers. Plans call for 15 to 25 openings per year. Expansion will take place in the Dallas/Ft. Worth, TX area and in Mid-Atlantic states. Leases running 21 years are typical, and the company needs 16,500 sq.ft. of land. For more information, contact Gary Copp or Kevin Bennett, c/o GC & KB Investment Inc., Box 1350, 159 Highway 22 East, Madisonville, LA 70447-1350; 504-845-1919, Fax 504-845-1936.
Forest City Auto Parts Co. trades as Forest City Auto Parts at 65 locations in IL, IN, NY, OH, PA, and WI. The auto parts stores occupy spaces of 6,000 sq.ft. in strip centers, power centers and freestanding facilities. Plans call for 20 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 50,000 residing within three miles earning an average household income of $35,000. Leases running five years are typical. For more information, contact Dan Capestrain, Forest City Auto Parts Co., 1494 South Arlington Road, Akron, OH 44306; 330-785-7051, Fax 330-785-7126.
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