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Home > Company Index > Retail > Convenience Stores & Gas Stations > United Petroleum Corporation

United Petroleum Corporation
 PROFILE
Convenience store chain United Petroleum once was an operator of oil wells. The company once planned to move into the entertainment industry, but abandoned that move and filed for Chapter 11. F.S. Convenience Stores bought the company in 1999 and adopted its name. The new United Petroleum operates some 90 convenience stores under the Farm Store name in Florida and holds a 10% stake in Farm Stores Grocery, which has about 110 drive-through grocery stores. The company plans to buy more convenience stores in New York, Mississippi, Alabama, and Arkansas. Former Farm Stores CEO Joe Bared and his wife own 48% of United Petroleum; Infinity Investors owns about 35%.

 COMPETITION
Cumberland Farms, Inc. (dossier)
Exxon Mobil Corporation (XOM)
The Pantry, Inc. (PTRY)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 6.20
1-Yr. Sales Growth: (36.4)%
Employees: 92
Revenue per employee: $67,391.30

 KEY PEOPLE
• Joe P. Bared
    CEO
• Carlos E. Bared
    CFO

 CONTACT INFO
5800 NW 74th Ave.
Miami, FL 33166
US
Phone: 305-592-5101
Fax: 305-592-2582

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