The Guess Corp. is looking to acquire 1,000 convenience store/gas station units.
Through one of its subsidiaries, The Guess Corp. is looking to acquire a number of convenience store/gas station units over the next year. The acquired units may include both branded and unbranded locations.
The company intends to acquire at least 1,000 units over the next 12 months, and it expects to average 10 units per month. Upon completion of the purchases, the company intends to re-brand and renovate the properties with innovative and sleek designs and provide enhanced customer relationship management technology. The company has invited brokers to provide buyer representation with higher commissions to ensure the acquisition program is completed in a timely fashion.
A minimum of five units in an area are required in order for the company to consider a purchase. In most instances, the company will pay full asking price for the units as a package with payouts over a 30-day period. The company offers sellers a fast due diligence and closing process and is able to close a transaction within in 72 hours. Units with or without real estate as part of the acquisition are being considered. The company is considering opportunities throughout the U.S. In addition to the retail petroleum marketing operations, the company also facilitates bulk petroleum marketing as a wholesale distributor.