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Thursday, October 12, 2017

Rudy’s Selling 4 Convenience Stores in Pennsylvania
Lehigh Valley sites offer car washes, Gulf-branded fuel

Source: CSP Daily News

ALLENTOWN, Pa. -- Rudy’s Car Washes is selling sell four convenience stores with gasoline, a freestanding car wash and other associated tunnel and self-serve car-wash businesses in Allentown, Bethlehem, Easton and Whitehall, Pa.

The gas stations sell Gulf-branded fuel, and the sale also includes the Gulf fuel-supply distributorship, which supplies the stations as well as four independent gas stations in the area not owned by Rudy’s. Three of the sites also have detail shops, and the tunnel car washes feature soft-cloth car-wash systems.

The company, based in Allentown, is locally owned and operated and has been in business for more than 40 years.

“These are seasoned businesses with stable cash flows, and all the sites include the real estate except the Whitehall location, which is under a lease,” said Evan Gladstone, executive managing director of NRC Realty & Capital Advisors LLC, which Rudy’s has retained to sell the stores. The sale is being conducted in conjunction with NRC Realty & Capital Advisors of PA LLC.

NRC will sell the properties as a package or individually in a sealed-bid sale. Information on the real estate and businesses is available at www.nrc.com/1719. Due-diligence packages will be available shortly, and bids are due on Nov. 9, 2017.

Chicago-based NRC provides real-estate and financial-advisory services and specializes in the sale of c-stores. Since its inception in 1989, NRC has sold more than 15,000 properties. Clients include 7-Eleven, Sunoco, Circle K and Global Partners.