Article: ‘Half of Farmer Jack stores have no buyers’

Posted on 31 December 2007 under Food In The News, Shopping

While not mentioning the closed Farmer Jack location on Telegraph and M-50 in Monroe, Saturday’s article in the Detroit Free Press does mention a few things that might not be well-known:

33 of the 66 stores that were up for sale remain without buyers, and some of the purchased ones aren’t open yet … Kroger, which bought 20 stores, has opened all but one … Hiller’s is busy remodeling the store it bought in Commerce Township … It takes about $10 million to open a store … The potential for a sale, however, depends on whether the buyer thinks he or she will get a good return on the investment … In Toledo, a family business that acquired a Farmer Jack six months ago closed its doors this month. The store was losing more than $100,000 a month, according to a Toledo Blade report.

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