Entrepreneur of the Year 1998 – Virginia

Virginia 1998 – Entrepreneur of the Year
Richmond Times – Dispatch
June 03, 1998

Owais A. Dagra
President & CEO
Southern Retailers, Inc./Fas Mart

Business: Retail Convenience Stores and Gasoline Services
No. of Employees: 635
Founded: 1991

Owais A. Dagra President & CEO Southern Retailers, Inc./Fas Mart Business: Retail Convenience Stores and Gasoline Services No. of Employees: 635 Founded: 1991

Owais Dagra is living the American Dream. He has risen from operating a single convenience store to becoming the chief executive officer and sole owner of Southern Retailers, Inc. which operates 67 –location Fas Mart convenience store chain. Born in Pakistan, Owais Dagra attended Douglas Freeman High School before returning to his native country when his father became ill. After securing his family’s future, Owais Dagra returned to Virginia to work toward his dream of building a business. At the age of 26, he found himself the owner and sole employee of the Shannon Express Mart convenience store. Working 18 – hour days, he turned the store into a base for building his business. 1991, Owais Dagra purchased the U-Totem chain of 13 convenience stores. Over the next few years, he began assembling a capable management team and together built the Southern Express convenience store chain. Early this year, Southern Retailers completed the acquisition of the Fas Mart chain. Since opening his first store, Owais Dagra has created a staffing model that calls “cluster management.” Under this model one person performs store manager functions for up to five stores. At the same time, Dagra also devised an innovative market penetration plan and a strategic growth plan he calls the “Buy, Build and Improve Strategy”. Over the years, Owais Dagra has built a strong management team. He delegates executive tasks to his management team and employees. He encourages them to exercise their judgment. One of the assest of Fas Mart was its dedication to the community. Owais Dagra plans to continue to be an active member of the communities served by his stores.

Southern Retailers, Inc. / fas mart

1998 Retail/Consumer Products Award Winner Mid-Atlantic Region

Southern Retailers. Inc./Fas Mart operates one of the fastest growing convenience store chains in the nation.


Owais Dagra receiving the Entrepreneur of the Year award
1998 Retail/Consumer Products – Virginia

Owais Dagra with the winners of EOY Awards 1998 – Virginia