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Profitable Established Gas Station with C-Store. 9-million, including additional cleanup (shared with Shell), and features a special vapour barrier in the foundation and a filtration system to mitigate risks associated with any remaining contamination. Even if a former gas station site is purchased by a new gas supplier, the buyer still has to contend with remediation costs. The cost and time needed to remediate these sites are extensive, often requiring millions of dollars and several years before a site is declared safe. How much money should you expect to make when buying an automatic car wash?

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The business can be aquired for $4, 000/mo rent + $100k Goodwill + inventory. • Briefs: Marion resurfacing work begins Thursday. As the industrial real estate market continues to boom in New Jersey, the availability of large tracts of land on which to build industrial buildings, including large warehouse buildings in advantageous locations, appears to be shrinking. In at least two of the three locations that I have dealt with, the reports had information relating to remediation at the sites. But former gas stations make up a substantial portion, Mr. Quandt says. But once the site is cleaned up, Lightfoot hopes it, or any other retail store or business, will buy the land and build there. This business has been running for 10 years. Depending upon the legal setting, these risks may include broader liabilities carried by the business that may not be site-specific (e. g., environmental issues associated with previously owned properties, disposition of hazardous and non-hazardous waste, waste disposal facilities, third-party legal action, etc. It was cheaper to let it happen than to dig the tanks up and replace them.

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The above chart was compiled from the RPC database and cross referenced with contaminated sites as analyzed by Richard Neustine MAI, CRE, FRICS. For business details please contact Erten Musa (443-823-3812).... Less. How can I protect myself from environmental risks? Call me today for a business evaluation & SWOT analysis for your business anywhere in the USA. This traditional 7-11 averages $222, 000 Plus growing in store sales per month, 135, 000 gallons per month which create $23k Yearly commission income. So that the contamination which had obviously migrated off the site would not migrate back onto the site. The assistant manager was inherited from the previous owners and is still working here and will most likely continue to work here since he has been in this location for 30 years. 1M Quick sell only $1. Prime Location Gas Station-C-Store for sale - 407394 AS. A second factor is that there are far fewer gas stations today than there were 40 years ago.

Location, Location, Location Profitable Gas Station + Convenient Store/ Food Mart +... $500, 000. Last year, for example, Imperial Oil spent almost $150-million on remediation that led to the sale or lease of 57 properties. Additional consideration should be component age and projected end of life (determined by regulatory standards, warranty expiration, or performance history) since the replacement of tank systems represents a significant capital expenditure. Along these same lines, it would also be logical to assume that a previously contaminated site, now "clean" would sell for less than a site that was never subject to contamination, all other factors considered equal, due to "stigma". Location is a big attraction in repurposing these gas stations. 20 minutes from Laurel, MS and 40 minutes from Meridian, gas station does 30k gallons and 40K+ inside monthly. Peter Siegel, MBA (BizBen ProBuy, ProSell Program Advisor) explores this topic and other helpful strategies on buying a dry cleaning store. In many instances, a Phase II ESA to drill soil borings is completed to collect soil, water, and vapor samples to assess the environmental risk. Above ground Kerosene tank available. Higher risk, or special purpose properties in general may be priced higher by some lenders. Do I renew the contract or do I act the landlord to sign a contract to the new buyer? This actually makes sense. "…the processes of evaluating environmental risk typically do not include loan terms (e. g., interest rates) or worthiness of the deal. "It's an environmental cleanup that allows these properties to become marketable again, " Warr-Cummings said.

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By knowing all the facts ahead of time, you'll be able to make a smart business investment. For 21st century needs, wireless Internet cafes could do for abandoned gas station sites that video stores did in the 20th. Micron has announced that it will invest up to $100 Billion in the Syracuse area over the next 20 years with the first $20 billion expected to be completed by 2025. This is a beach Location Inside Sales margin are high. Maintaining Performance. Available Nationwide. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups. Many Californians want to buy a coin laundry because it's a business that doesn't require full time owner attention and because, as an all cash business, the owner is always paid before the service is provided. Exceptional business... $1, 950, 000. ARCO Gas Station, Snack Shop & SMOGExclusively Listed and Presented By: Retail Link | The Gas Broker™Address: Located within (5) Mile Radius of Burbank. 00 pool margin, Kiosk Sales - $15, 000 monthly @35% markupExpress Car Wash - $30, 000 @90% size - 14, 000 sq ft, Double Walled Tanks & double walled linesSBA QUALIFIED WITH 20% DOWN... Less.

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Pay attention to extra services that are offered on the same site as the gas station, such as a car wash or auto repair shop that can also be a source of environmental issues. That company could buy up 10 contaminated sites then go insolvent and disappear, abandoning the land for the Province to clean up. In our June 2021 Monthly Report the top ProIntermediaries and ProAdvisors on BizBen offer their thoughts about the current status of the business for sale marketplace with trends and predictions for Business Buyers, Owner/Sellers, Business Brokers, Agents, Advisors in the near future. Peter Siegel, MBA with and an SBA loan consultant & placement specialist explains the differences between them. Also, it is important to conduct the usual due diligence checklists before you buy gas stations in addition to these five industry specific questions. City and county officials hope to apply for the grant again to clean up the former Clark gas station at 770 N. Main St. That gas station has been abandoned for years and has been in tax foreclosure proceedings since 2017. Give us a would love to show you around the place!... Franchisee 7-11 Store for sale in Winchester, VA area. High margin Gas station right off of a busy exit on I-59. Also, MUSTA may not cover some or all cleanup costs if there is already documented existing contamination. With the seller retiring, this business is now available for the right buyer. ATM commissions are $2, 100, Lottery commissions are $2, 000, Check cashing income is $2, 500 monthly. Chuck Post explores both.

Either have the offer reviewed by parties that understand the risks to you or in the words of Monty Python and the Search for the Holy Grail "Run away! Peter Siegel, MBA with discusses this topic on buying small to mid-sized laundromats. Lot size - 22, 000 sq ft, Store size - 2500 sq ft. Royalty to 7-11 is 18% of Gross Profit. Case study 2: Terrace, B. C. The Greater Terrace Beautification Society and the municipality collaborated with the landowner of a site that was a gas station for almost 60 years, creating an interim public space alongside the city's main retail district. Utility rates are on the rise. No matter how the data is analyzed, no statistical correlation could be found between sale prices of contaminated gas stations versus non-contaminated gas stations. People will be able to work while they wait for a ride. " Neighborhood Gas Station with property. In this blog, Peter Siegel, MBA discusses six things you need to know about buying a successful dental practice or office. Modern gas stations use double-walled vacuum-sealed plastic underground tanks with automatic leak detection systems, and are very careful to recycle their valuable waste oils and solvents, mostly due to tougher laws. Sometimes the contamination has migrated to include the neighbouring property, and the neighbour doesn't want their building to be excavated.

500, 000 is for 1 share of the business.... Less. The Phase I ESA should include an evaluation of regulatory files related to the UST system(s) compliance to determine the age and construction of the USTs and product piping, a summary of the overflow prevention and containment sumps, leak detection, Financial Responsibility method, and whether any violations exist from regulatory inspections. Located an hour from Richmond International Airport on route 460... $249, 000. Most retail property environmental site assessments are conducted at the time of a transaction. Gas Station, C_store and Car Wash for Sale. A new owner can increase revenue by extending hours of operation if they would like. Environmental issues may also exist from former operations at adjacent properties. We provide attentive, quality & innovative customer service. We have equipment for subs but we are not selling them at the... Less. The business makes around 300K extra cash annually. The station offers top level service with high quality gas that generates sales and nice profits.

All interested buyers will be required to sign a Non-Disclosure Agreement before company financial information is released.... Less. Find out in this Discussion on BizBen. Hello Folks, I have a chance to buy a (4 bay) closed gas station. The average monthly sales:Income: $130, 000No RentThis is the perfect opportunity for the right owner/operator.

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