what information i need before buy a gas station?

In Buying Property - Asked by FRED T. - May 13, 2009
Report Abuse
Answer this Question


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
Report Abuse
Deepak A.
Tampa, 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
Report Abuse
Jim M.
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
Report Abuse
Tai L.
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
Report Abuse

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question