what information i need before buy a gas station?

In Buying Property - Asked by FRED T. - May 13, 2009
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Answer(s)

Chad A.
Lender/Mortgage Broker
Orange, CA

Hi Fred, you're going to want to get the income/expense reports on the property for the last 2 years and all the information on the environmental studies and reports related to the inground tanks. You're going to want to review contracts with fuel suppliers and I would speak with the city planning/zoning commission.

May 13, 2009
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Deepak A.
Broker/Agent
Riverview, FL

It depends if you are buying a business only or with real estate. There are several ways to evalutoreate a Gas Station plus a Conveinience Store. Income /Exp. reports.
Gas Purchase Contracts. If you need assistance you may contact me for a Free Consultation.

May 13, 2009
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Jim M.
Owner/Investor
Nyssa, OR

The previous responses were pretty good, but you will also want to know what the gas volume and market volume is month-to-month for at least the past two years, as well as the pool margins and market margins. If you need more free advice, call me at 877-660-2895. I also know a great broker who I have helped his clients buy several gas stations over the past three years.

May 21, 2009
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Tai L.
Broker/Agent
San Diego, CA

Talk to a current gas station owner.
Back to the fundamentals...what is the NOI, cap rate, cash flow, etc.

May 22, 2009
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