Lex Brodie's to end gas business after 50 years
Updated On: Mar 31 2014 11:34:25 AM HST
Lex Brodie’s Tire, Brake & Service Company, after 50 years in the gas business, will be closing down its "Semi Service" Gas lanes on March 31 and the "Self Serve" lanes are projected to close on April 13, the company announced Monday.
Due to increased gas prices resulting in decreasing profit margins over the past several years, Lex Brodie's says it is forced to discontinue its gas business to the public.
Lex Brodie's has long been known for its competitively priced gas, even while providing service with its gas attendants who would pump the fuel for their customers.
Lex Brodie's was one of the very last stations to provide an "old fashioned" service (while not charging extra for the service).
Scott Williams, Lex Brodie’s President (and former Lex Brodie’s gas attendant himself) said, "Over our last several gas supply contracts, our price margins continuously shrank, to the point that we have lost over $20,000 in the last three months selling gas. We did our very best to trim the gas operating costs but have concluded that we are simply unable to continue providing the gas service where we can do so profitably."
Lex Brodie's Tire and Auto Service shops have been setting new growth and sales records for their five Tires and Auto Service and Repair shops. The gas station space will be used to help relieve their tire and auto repair shop parking space challenges.
March 2014 projects to set a new sales record for the Lex Brodie's Tire, Brake and Auto Service Shops. The closed gas stations will "add much needed parking for the growing business in the tire and auto service shop," said Williams.
Lex Brodie's will continue their single Self-Serve gas lane at 701 Queen Street which will sell gas at a "No Gas Attendant Discount" where they will subtract their average payroll cost per gallon sold to replace their former Cash Discount. The Self-Serve lane is projected to close to the public on April 13.
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