DATE: Tuesday, November 18, 1997 TAG: 9711180421 SECTION: BUSINESS PAGE: D1 EDITION: FINAL SOURCE: BY MICHAEL CLARK, STAFF WRITER LENGTH: 39 lines
As 1997 ends, Getty Marts will spring up in Hampton Roads where Uni-Marts have pumped gas and coffee for the past six years. And there might be a opportunity for individuals who want to own a small business.
But it's not a buy-out or corporate take-over on the gas station-convenience store scene. It's a take back.
Getty Petroleum Marketing Inc., Jericho, N.Y., owns the 14 facilities in South Hampton Roads operated under Uni-Mart signs. The company leased them for six years to Uni-Marts Inc., State College, Pa., along with 26 other facilities in Virginia and about 100 in Pennsylvania.
From Uni-Mart's standpoint, the move is a give-back.
``It was a rental lease,'' said Uni-Mart spokeswoman Jill Swanson. ``We were leasing them and now we're giving them back.''
Swanson would not say why the company is not renewing the lease.
Uni-Mart will keep the 300 locations it has in Pennsylvania, New York, New Jersey, Maryland and Delaware.
Once Uni-Mart is completely out of the picture, Getty hopes to lease the facilities to independent business people, said Sam Jones, vice president and general counsel for Getty.
``It's a straight real estate lease,'' Jones said. ``You pay rent for the store and the right to sell gas there.''
The only stipulation is that owners buy gas from Getty, Jones said.
``It's not a franchise,'' he said. ``Owners are free to do what they want.''
The move to smaller operators for its facilities is not a matter of choice for Getty.
``We haven't found anybody of size or magnitude or quality interested in leasing,'' Jones said of Uni-Mart.
If it can't interest small-business owners, Jones said Getty will operate most of the locations and some will close.
Send Suggestions or Comments to
webmaster@scholar.lib.vt.edu |