The J and P Superette

Abstract

In I960, Ed Jackson and Thomas Patrick formed a corporation for the purpose of buying and operating a supermarket. The corporation was called the J & P Superette, Incorporated and had four stockholders. The stockholders were Ed Jackson and his wife and Thomas Patrick and his wife. Both Ed Jackson and Thomas Patrick had owned and operated supermarkets for more than twenty years. Each owned a store in his home community and at various times had owned and operated other supermarkets in nearby communities. Both men had owned and operated other types of retail establishments.|Mr. Jackson and Mr. Patrick had been personal friends many years and each had a high regard for the entrepreneurial ability of the other.|In I960 the J & P Superette Corporation purchased a store in Williamsburg, Ohio. This store had been in operation for a number of years and was a successful operation. The store began to show a profit after a few months of operation and remained a good income producer.