Allsup’s Selling Stores, Burritos Staying
It came as no surprise to employees and those in the know that Allsup's Convenience Stores, Inc. has been shopping around for a buyer. On Tuesday, an official announcement was made that the Allsup's chain would be sold to Iowa-based convenience store chain Yesway.
Now, let's get the big question out of the way - what does that mean for the future of Allsup's burritos? Good news, the sale doesn't mean anything!
"We look forward to building on Allsup’s legendary heritage and continuing to offer many of the amazing products and services Allsup’s customers are so passionate about, including — without question — the world-famous Allsup’s Burrito” said Yesway chairman and chief executive officer Thomas Nicholas Trkla.
Allsup's president Mark Allsup said that they chose Yesway because their values align with the values Allsup's have in place. He went on to say they share a commitment to local communities, the customers, and well-being of employees.
The sale is pending regulatory approving and closing conditions, and will include 304 stores. The stores will keep the Allsup's name and they will continue to run the corporate office out of Clovis, New Mexico. Lonnie Allsup, the company's founder dies in 2018 after being deemed a pioneer in the convenience store industry. Allsup's was one of the first chains to offer customers hot foods, self-serve gasoline, and 24-hour service. Allsup's started as one store in Roswell in 1956 and grew to more than 300 with over 3,000 employees. Yesway is ranked as number 6 on the Convenience Store News top 20 growth chains for 2019.