Brothers Nazir and Ammar Jesri, who own Absolute Natural Stones, are reviving an online auction company they incorporated in 2009.
“We just brought it back to life,” Nazir Jesri says of Auction House LLC, which does business as B idKansas.com. “We’re starting that with a bang.”
He says “it’s like eBay, but it’s right here.”
Jesri says he used to use Purple Wave for online auctions.
“I was using the auctions to auction stone in the off season,” he says. “We lost money the first two auctions, but I kept at it.”
Eventually, he says, Purple Wave informed him that what he was selling was too small to continue trying to sell through its site.
“By the time they dropped us … we were doing really good.”
After looking for other options and not finding anything he thought would work, Jesri decided to start his own company.
“We did a little research, and we found an auction software company that leases the software,” he says.
Next, he negotiated for warehouse space to start the business. When that didn’t immediately work out, he decided to wait on the idea.
Since then, he’s decided he doesn’t need to take possession of merchandise to be auctioned, so he doesn’t need a warehouse. The business will be based at the stone company, which is at 10909 E. Kellogg.
There won’t be any on-site auctions, which Jesri tried a few years ago.
“People thought we were going out of business. We didn’t want to do that again.”
Jesri says the online auction will take any size merchandise a company is looking to sell.
For instance, if a business needs to empty a warehouse, Jesri says, “that’s where we come in.”
“We will be happy to auction … any inventory people need to move out of the way.”
For now, Jesri says the site will cater to companies, not individuals looking to sell small items.
“I don’t want to turn it into a garage sale.”
A new Kwik Shop is coming to the Stonebridge development at the southeast corner of 37th Street North and Maize Road.
“Our customers have spoken, basically,” says Clay Brasher, Kwik Shop’s director of real estate. “That’s the main reason.”
Kwik Shop, which is operated by Kroger, has more than 125 stores in Kansas, Iowa and Nebraska. There are 19 Kwik Shops in Wichita. Kroger-owned Dillons also has a number of fuel centers at its stores as well.
“We can use the larger presence,” Brasher says.
Menards anchors the 37-acre Stonebridge development, and Sonic also opened there a few weeks ago. Kwik Shop is the third business to be announced there.
“We feel like it’s going to help us spur even more activity,” says Randy Furstenberg, CFO of Vantage Point Properties, the Stonebridge developer.
“Them going there gives us some momentum that will help us.”
Brasher says he’s not sure how big the Kwik Shop will be yet.
“We’re actually still developing our plans on the size and everything it will include inside the store.”
There won’t be a pharmacy as some Kwik Shops now have, but there will be some grocery items.
“It’ll have a large offering of food products in it,” Brasher says.
Construction on the store will start this year and should be completed by spring.
“So it’ll be a pretty quick deal for them,” Furstenberg says.
Vantage Point’s Marty Moody handled the deal with Grant Tidemann of J.P. Weigand & Son s, Brad Saville of Landmark Commercial Real Estate and Christian Ablah of Classic Real Estate.
You don’t say
“Soooo, what time do you have to be back at work?”
— Machinists international president Tom Buffenbarger after no one asked questions at the end of his speech to the Wichita Aero Club Sept. 27
Carrie Rengers first reported these items on her blog. Be among the first to get her business scoops at blogs.kansas.com/haveyouheard.