Cleo Bustamante Enterprises Inc., based in Carrizo Springs, Texas, is selling its eight-store convenience store chain in south Texas to Taylor-Smartt, L.L.C. dba Kwik Chek Convenience Stores Inc.
Four stores are co-branded with Subway quick-service restaurants, one store is co-branded with both a Subway and a Church’s Chicken, and one store is co-branded with a Subway and a Papa John’s. Four stores include Laundromats and one store includes an automatic carwash. Seven of the stores market Valero-branded gasoline and one markets Shell-branded gasoline. The stores are located in Asherton, Carrizo
Springs, Crystal City, Eagle Pass and La Pryor, Texas. Taylor-Smartt, L.L.C., which operates as Kwik Chek Convenience Stores has 36 convenience stores and grocery stores located in Texas and Oklahoma.
Cleo Bustamante, president of Cleo Bustamante Enterprises, stated “Our family is proud of the convenience store chain we have built over the years and are pleased to be able to turn over the operation of these stores to a high quality company like Kwik Chek. The transition of the stores to them has been extremely smooth. We also appreciate the hard work and creativity of NRC Realty & Capital Advisors in assisting us with the sale. We couldn’t be more pleased with the outcome.”
Dennis Ruben, executive managing director of NRC Realty & Capital Advisors, echoed the sentiments of Bustamante, stating “We at NRC were honored to be able to serve as financial advisor to the company in this important milestone for the Bustamante family, and we were pleased by the way in which the transaction came together and ultimately was closed today.”
NRC Realty & Capital Advisors LLC served as exclusive financial advisor to Cleo Bustamante Enterprises, Inc. in connection with the sale.