Service Type: M&A
Client: Good Time Stores, Inc.
Client Description: Well-known regional convenience retailer and branded fuel distributor
- The majority shareholder of the 56-store chain in El Paso, Texas, received unsolicited interest from a strategic refiner-marketer in the Texas market.
- Good Time Stores, Inc., desired to optimize its proceeds in an alternative structure.
- Mr. Weber negotiated a 3-party transaction, whereby the underlying real estate was sold to a national Real Estate Investment Trust (REIT) at the same time as the remaining business was sold to the refiner-marketer through newly created, long-term bondable leases.
- Good Time Stores, Inc. sold its real estate separately on the same day as the business, resulting in an above-market valuation due to the creation of the long-term lease structure.