DSC02695While working for a Houston based gasoline and diesel distributor in 2009, Sean Julian came across some information on the Bloomington Market convenience store on Exit 4. After getting more details on the opportunity and working through the numbers with his father, Ned, the Julians decided to execute a lease and relocate from Northern Utah. They saw a tremendous amount of potential with the opportunity to own the convenience store, a taco time franchise, and collect lease revenue from Subway, a dry cleaner, and a chiropractor. To enhance the site, they replaced the pumps, remodeled the inside of the store, took over the Taco Time operations, and improved the selection and service.

Last summer with record low interest rates and many Small Business Administration loan fees temporarily waived, the Julians decided it was time to try and buy the store they had invested so much time, effort, and money into. Little did they know it would take a year to finally close on the deal. After two appraisals, lots of help from Taber DeHart at Westech Environmental, lots of patience from Spencer Davis at Mountain West Small Business Finance, and the invaluable assistance of Alan Noble, Ryan Lewis, and Oren Bliss at Zions Bank, the Julians were able to acquire one of the best convenience store assets in Southern Utah in June of this year.

According to Neil Walter at NAI Utah Southern Region, the broker in the transaction, “This deal was a great success for everyone involved. It took more than two years to put together, and for the buyer, seller, and the lenders to hang in there for nearly a year while we worked through a seemingly endless number of obstacles is highly unusual. This is the third convenience store we have closed this year and none have taken as long as this one to wrap up, although they have all been very challenging. We really enjoy working on the deals that many others don’t have the patience to close. Thanks to Reed Seamons at Jackson Oil, Barry Clarkson at Clarkson and Draper, Elwin Prince at Southern Utah Title, Taber Dehart at Westech, Spencer Davis and Ryan Lewis who financed the deal, and many others who made the transaction possible.”

You can catch Sean or Ned Julian most days at their Chevron branded store off of I-15 Exit 4 in Bloomington. Stop in and say hi when you need some gas and groceries, or pick up some lunch at the Subway and Taco Time located on site. It is all packed onto one great corner at the most convenient location in Bloomington.