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Sale Pending ---- Valero Branded Gas Station for Lease. These market participants include buyers, sellers, Major Oil Companies, mid-level oil companies and jobbers, single and multiple unit operators, banks, attorneys, and financial institutions. Since gas was so damn cheap before the 1970's oil crises, it was of little concern to most station owners if they lost a few gallons a day to leaks, presuming they even noticed. Tweet me @SarahVolp. Those 5 permit types will change the character of the site – evidence of past property uses disappear when one of those 5 permits are issued. This will work if the lease is specific enough as to what the tenant is certifying. On Saginaw, near Chestnut Street, a local woman turned a portion of a large piece of asphalt near to a gas station into a beautiful flower garden.
Gas Station For Sale With Property
Potential For Snack Shop Expansion + Add Car Wash (Check with City)3. Branded Gas Station with Real Estate. Injecting substances that speed natural processes is another way of accelerating degradation. The business has been in the existing location for over 30 years. • Business & Real Estate Sale of Newly Branded Chevron Gas Station, C-Store, & The Sodamix• 2022 Annual Gallons Sold - Approximately 800, 000• 2022 Annual Inside Sales - Approximately $800, 000• The Sodamix, Drive-thru Soda Shop, Daily Average Sales - $1, 000• Buyer Must Assume Current Fuel Supply Agreement, Receives a. How to Mitigate Environmental Risks.
Buy A Gas Station
There are three types of environmental risks associated with gas stations: subsurface contamination, regulatory compliance, and business legacy. Giles County, VA. Unbranded convenience store with Gas on a corner lot approximate. Insist on seeing at least the previous two years worth of financial statements and have them checked by an accountant or CPA. Solid Numbers, next to school (beer permit grandfathered in) factories & busy road get the business, building, equipment & Land. In British Columbia, there are two pieces of related legislation – the Environmental Management Act and the Contaminated Sites Regulation – that control how contaminated land in the Province is managed. What Environmental Issues Might Lurk Underground? In this request, landlords should ask for a copy of the tenant's current tank registration, proof of financial responsibility to address releases as required by state regulation, six months of monthly leak detection results, the results of any equipment integrity tests results during the past 12 months, and any communications from government authorities pertaining to the facility's tank systems.
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Profitable Established Gas Station with C-Store. "The interest rate would not be affected. However, if the contamination is a long way down, it can be really expensive to dig it out, especially on an urban lot. According to commercial real estate experts, drugstores, banks, and fast-food chains are usually the top buyers. Is it still as easy to operate a laundry and be profitable? We thought we'd jump start the conversation with a few ideas. 49 mins from Columbus, GA! Ideal money maker for a dedicated owner operator.
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The B. town, about 100 kilometres west of Williams Lake, redeveloped a former gas station site for temporary use as a visitor centre featuring park benches, picnic tables, a tourist information booth and public washrooms. Estimated franchisee fee $275K. Despite these recent successes, however, thousands of sites remain vacant, including many in high-profile locations in established neighbourhoods where land for mixed-use development is at a premium, Mr. Quandt says. 00 and Lottery sales 584436. Tint World® Automotive Styling Centers™ is America's largest and fastest growing... $120, 000. Interested in learning more about the commercial real estate market? Fuel supply agreements and remediation often extend gas station interim use given additional costs for demolition, UST removal, and time necessary to remediate. Relatively Short Term Fuel Supply Contract4. Call Syed at 631-374-7686 for... Less. So that the contamination which had obviously migrated off the site would not migrate back onto the site.
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In summary it seems as long as there is an indemnity agreement as is the case with most contaminated gas stations and the Major Oil Company is the responsible party, the market does not support a material discount for contaminated gas stations. What do market buyers have to say? "Would not affect the interest rate, but there would be a lot more scrutiny of the gas station and a reluctance to loan. These streets represent a fraction of the area's many out-of-business gas stations; plenty more sit in the areas beyond Downtown. Visit our Properties page for more information on property-related services.
Gas Station Buy And Sell
Conduct aggressive due diligence. "Instead of fueling your car, you could fuel yourself. However, these costs are rarely known without costly environmental reports and somewhat of a moot point given these cost would be incurred by the responsible party. The pumps are gone at this station at Kalamazoo & Pennsylvania. More than 25000 vehicle per day goes through the Blvd. I'd like to remain healthy for many more years, not develop any diseases, and most relevant for this forum, be able to continue running. We take a look at several angles for optimal gas station due diligence.
In at least two of the three locations that I have dealt with, the reports had information relating to remediation at the sites. Another thing to take into consideration when planning UST system upgrades is whether the entire system will be done at once or over time. Join a globally recognized brand with over 50 years of success and experience in the... $75, 000. I even have a potential renter who wants to run it as an auto shop. Keep in mind, however, that this type of remediation includes not only the estimated cost to perform the remediation, but also additional costs for the risks that the contractor is assuming when it provides a guaranteed fixed price. So, regardless of what a buyer wants to do with a contaminated site, they will have to fulfill the EPA's requirements for remediation. In Michigan, a buyer of a contaminated property can conduct a Baseline Environmental Assessment (BEA) to pursue statutory liability exemption from liability for preexisting contamination. These investigations have been termed Phase I and Phase II Environmental Site Assessments (ESAs), respectively. The likelihood of selling a business is often determined by external factors in the marketplace. This business can be run absentee or the owner can work shifts to increase the net income.
The station offers top level service with high quality gas that generates sales and nice profits. Great opportunity for absentee or owner operator. Here, you'll learn how to successfully negotiate the purchase of a day care for sale to make that dream a reality. To learn more,... Less. Some of these unfortunate souls could be compared to those drivers who are the first drivers to happen upon the black ice on the highway.