Lucor, Inc. Breaks Ground for Its 100th Service Center
15 August 1997Lucor, Inc. Breaks Ground for Its 100th Service Center
RALEIGH, N.C., Aug. 15 -- Lucor, Inc. , the largest Jiffy Lube franchisee in the United States, announced today that it has broken ground on its one-hundredth auto service center. The facility is located at 20265 Building E, Cranberry Square, in Cranberry Township, Pennsylvania. It is expected to be in operation by November 7, 1997. "This is an important milestone in the continuing rapid growth of our corporation and our penetration of new markets," said Stephen P. Conway, Lucor's chairman and chief executive officer. "As the stores we are building go into operation and mature, they will raise our revenues and earnings to new levels." The company had 99 Jiffy Lube stores in operation as of June 30, 1997, compared with 76 a year earlier and 38 on the same date in 1995. Mr. Conway said the expansion program continues, with Lucor expecting to have 125 stores in operation at the end of 1998. Lucor is the first franchisee of Jiffy Lube International to become a public company. Its automotive fast oil change, fluid maintenance and lubrication centers are situated in North Carolina, Ohio, Pennsylvania, Tennessee and Michigan. To receive additional information on Lucor, Inc., via fax, at no charge, dial 1-800-PRO-INFO and enter code LUCR. SOURCE Lucor, Inc.