Uni-Mart seeks bankruptcy

Uni-mart's long term strategic plan was to sell the stores at three times the actual price, to innocent dealers. They wanted to bankrupt the dealers and then take back the stores. They deceived the innocent dealers by showing them false financial information. On top of that, they over charged gas prices to innocent dealers over the period of time. Also, their long term plan was to sell the property of all the stores to a third party company, which they did without informing the dealers, although in the PSP's, the right of first refusal belonged to the dealers. Then, suddenly they filed the bankruptcy to save more than 80 million dollars that they owed to the creditors such as gasololine and other grocery vendors. Uni-mart is charging three times more rent that what the store rent is worth, to the dealers.

Uni-marts master mind Mr. Raj Wakharia, the gujrati Indian is responsible for all this game plan. Now, the question is how long uni-mart could fool the dealers more? It's about time for government authorities to look into this matter seriously before all innocent dealers file bankruptcy and suffer financialy more than ever.

Please, don't buy uni-mart stores even if they offer to anyone for free.

I fully agree with shawn, i dont know how uni-mart preyed on innocent individuals and sold them stores by showing fraudualent financials and secondly kept on exploiting the dealers and now after making millions and probably wiring the funds to an offshore account by sucking innocent dealers blood ,have filed for bankrupcy.
Its a shame that no offical inquiry is placed on thier wrondoings.
they should be in jail.

well the Ara na Alex Sahakian along with henry sahakian should be help responsible for doing fraud and cheating and punished for thier misdoings

unimart is just a downright bitch and today we'll find out if karma serves them right.

they should be run out of town with their high prices.Our gas is always higher at a uni mart, and they are filing bankruptcy(PLEASE) We need to put in a sheetz store

From someone that is somewhat knowledgeable in the process, you can't blame Uni-Marts for the Dealer's failures. First of all, when the stores were originally put up for sale I personally looked into purchasing one (or more). It took me about 5 minutes to come to the conclusion that I wouldn't touch one of those sales agreements with a ten foot pole. I have no business experience at all and could see that the financials listed didn't include most of the operating costs. It's not Uni-Marts fault that there were big enough suckers out there to buy the locations. Also, I highly doubt that it was Uni-Marts intention to hope the dealers went bankrupt so they could take the stores back, as anyone that follows the bankruptcy proceedings and reads the documents in the court docket can plainly see that taking back a location is much more costly than anything else they have encountered. Having to take back the dealer locations probably played more in bankrupting the company than antyhing else did!

The unimart in Evans City went out of business and the one about six miles away in Zelienople went out of business about six months ago. Hopefully we can get a better store in our area.

knowledgeable wrote:

From someone that is somewhat knowledgeable in the process, you can't blame Uni-Marts for the Dealer's failures. First of all, when the stores were originally put up for sale I personally looked into purchasing one (or more). It took me about 5 minutes to come to the conclusion that I wouldn't touch one of those sales agreements with a ten foot pole. I have no business experience at all and could see that the financials listed didn't include most of the operating costs. It's not Uni-Marts fault that there were big enough suckers out there to buy the locations. Also, I highly doubt that it was Uni-Marts intention to hope the dealers went bankrupt so they could take the stores back, as anyone that follows the bankruptcy proceedings and reads the documents in the court docket can plainly see that taking back a location is much more costly than anything else they have encountered. Having to take back the dealer locations probably played more in bankrupting the company than antyhing else did!

.

Sounds like knowledgeable is a family member of the unimart!

the owners of unimart have been playing this game for many years! some one needs to contact our local state and government elected officials ! its there job to do something.

A family member of the unimart? I think not... whatever it is you're trying to say. I just have a lot of inside information, and a brain that thinks beyond the tunnel-visioned approach.

Mr. Knowledgeable, why don't you identify yourself. You are a uni-marter and you are equally responsible as the rest of the uni-mart staff. We have sufficient documentation to prove that uni-mart defrauded dealers and that's why they settled the law-suit out of the court because they knew that if the case went before the grand jury, not only that uni-mart could be out of the picture but all the executives could be jailed as well.

Don't even talk about that, "Mr. Knowledgeable, my foot".

Ask those innocent dealers who not only lost their life time savings and businesses but their families are also suffering and they left the country to survive.

uni mart out smarted them all.we were all stupid
do your home work.before blaming them.
hats off to uni mart. we all dumb fools
kukos uni mart

Unimart never was a fancy place, but I stopped in one out of desperation for coffee. From my experiences, they keep it fresh and it is smooth. Turkey Hill has a coffee problem because workers simply neglect to watch shelf life.

unit mart stores are for sale,buy them now and prosper all your life
have nice stores in nj pa and md
go for it you will never regret
you will ran to bank
their books are in order and they donot cheat people
most trustworthy company in usa

buy unit mart stores if you have money you will get rich in 10yrs of lease of bussiness
they sell bussiness at fair price
there is no fruad ,rajubhai is a honest man trust him he is mba trained in bussinesss assessment
after 10 yrs you will happy retire in your homeland
bravo unit mart for helping people unload their money

Unimart sucks!

ImTiredOf_It wrote:

Unimart never was a fancy place, but I stopped in one out of desperation for coffee. From my experiences, they keep it fresh and it is smooth. Turkey Hill has a coffee problem because workers simply neglect to watch shelf life.

buy remaining unit mart stores and prosper all your life
bussiness is terific
people like to buy from convience stores
give all your money to them,it is best bet in town

sucker is born every day

for unit mart stores sucker is born every minute.............ha ha ha

jack ass and sucker is born every second