Matrix Capital Markets Group

Stores in Pennsylvania appear to close.

Premium Petroleum purchases the majority of the stations, enters into fuel supply agreements.

With the agreement, Unit-Mart will operate 288 locations in three states.

Like many before him, Dinesh Gandhi came to the United States with the desire to create a better life for himself and the family he left behind in India. With an entrepreneurial spirit ingrained in him from his native country, he always knew that he would someday own his own business. He just didn't know it would be a convenience store.

For entrepreneurs, now is a very good time to sell a business, according to Fortune Small Business magazine. "The economy is, by many measures, in its best shape since the dot-com bubble burst in 2001. Banks are aggressively lending money for all kinds of acquisitions. Increasingly, corporate America views the purchase of small firms as a shortcut to growth and innovation. As a result, a small-business feeding frenzy is in progress," wrote Justin Martin in a cover story last month.

The company completed the sale of 80 c-stores, gas stations and fuel supply agreements to 50 various purchasers.

Another eight units remain to be sold in Ohio, Georgia, South Dakota and Nebraska.

114 c-stores and fuel supply agreements go to auction.