But once the site is cleaned up, Lightfoot hopes it, or any other retail store or business, will buy the land and build there. Major Brand Gas Station with snack shop and car wash for sale in Alameda County, CA. Located on a significant corner between two main streets, this gas station sells over 825, 000 gallons, operating only from 7 am to 10 pm and closing on Sundays. Approx $11, 000 Value!
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Located downtown, the lot is now a community garden. The credit union sought a spot in the city's south centre, but land in Winnipeg's older, established neighbourhoods was difficult to find. However, only an up to date environmental engineer can tell you whether or not the site has been remediated to the standard required by the Ministry of the Environment in the moment. This makes sense, when you think about it. Here's a well-established, live-in convenience store in the heart of the north woods. A new owner can increase revenue by extending hours of operation if they would like. Buying old gas station property for sale in ct. Relatively Short Term Fuel Supply Contract4. He & others explain why this concept is so important for buyers especially in the laundry business. 00STORE $25, 000/MONTH @45% MARGINGARAGE RENT: $3, 000 / PER MONTH BRADNEW 4 DISPENSERS, FOOD MART AND 3 BAY GARAGEOPEN 24 HRSfor more information call Dan @ 626 712-4776... Less.
00, Other rebates$16500. The kitchen has a lot to produce... Less. Franchisee 7-11 Store for sale in Winchester, VA area. After the conversion from 7 Eleven the station is pumping close to 200, 000 gallons per month and you get to control your own gas prices and keep 100% of the gas profit! Buying old gas station property for sale in connecticut. 1 Year VA residency required to get Beer and Cig rrent 7-11 franchisee or 7-11 Approved to get more Inquire if you Current 7-11 franchisee or 7-11... Less. Join a globally recognized brand with over 50 years of success and experience in the... $75, 000. The environmental due diligence usually starts off with an assessment of the known or suspected environmental issues and the current compliance of the UST system.
Gas stations make for excellent investments for those looking to start or expand their own small business. The laundry business offers all of those rewards of business ownership, with much fewer headaches than with most other businesses. There are still in the ground. Was chatting with a potential buyer of a restaurant in our BizBen ProBuy Program and he asked me what he should look for in due diligence when he finally did find a restaurant he was interested in. This is a Citgo Gas Station and Convenience Store located in Lake County, it is family owned and operated business. 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. Life after Corner Gas: The challenges of developing old service stations. Will the site be eligible for the MUSTA fund and how the presence of existing contamination could impact coverage. Petersburg County, VA. Transworld Business Advisors is pleased to Present for Sale the C-Store/Gas Station with... $2, 950, 000.
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I have seen a number of these agreements and the schedule terms, which are generally not negotiable as far as the gas company is concern, are frankly quite frightening in most cases. Contact our Brownfield Program Manager, Lesley Long at or (985) 851-2900. This is why selling contaminated property, like former gas stations, is difficult. Funding may be used for sites that are contaminated with petroleum substances (such old gas stations, auto service businesses, factories, mill sites, shipyards, transit stations, junkyards, etc. Buying old gas station property for sale in pa. "…willingness to loan would be based on if the contamination had been cleaned and certified as such, or the credit history of the borrower was strong. I am the Founder Of I consult daily with intermediaries, business buyers, owner/sellers & advisors daily about buying and selling California small to mid-sized businesses. They have underground fuel tanks, which can contaminate the site. 00 in store sales, Food Service sales 64656.
Whether there has previously been a MUSTA claim. The last three deals which I examined in fact were pretty much the same notwithstanding that the gas companies were different which suggests to me that these companies are receiving common advice from their legal advisors. 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. "I think if we do this in a smart way and address it in a lasting and meaningful way now, our grandchildren and great-grandchildren will not have to deal with it. " Neighborhood Gas Station with property. Poor recordkeeping can disguise the true value of a gas station, especially for locations with gas pumps, a convenience store, car wash, and other amenities. Though these sites have their issues, they're usually built at high-volume intersections, creating the kind of foot traffic and visibility needed for any retail business. 00 and Lottery sales 584436. What’s with abandoned Gas Stations? Part 1 –. Regulatory and industry standards dictate acceptable tank system component technology, as well as ongoing testing, maintenance, and record keeping requirements. Fuel contract is Rack + 1 cent. Pumps 100, 000 gallons a month, with. A business buyer asks about the viability and purchase of a home health care service and about the future of this industry - Peter Siegel, MBA takes on this question with other ProIntermediaries & Advisors on BizBen regarding the home health care industry and it's future for potential buyers. "That would be a good use, " says Hooper, "because it wouldn't require a lot of parking and most of the corners were located where they're at originally because they're in areas where there's a lot of traffic, " he says.
Chevron Gas, C store with liquor and beer with adjacent deli with on premise liquor license and 3 video poker machines! 5-million for incentives, " he says, adding it's now considering more funding. The EPA and Michigan Department of Licensing and Regulatory Affairs (LARA) recently updated the regulations related to sumps and spill buckets, beginning in 2018 requiring testing to prove they are liquid tight. Several restaurant advisors weigh in with (Peter Siegel, MBA at BizBen) and discuss tips for buying a restaurant in California. Has the tenant operated its underground tanks in accordance with legal requirements? A few gallons a day can, however, add up to a hell of a lot of hydrocarbon in the ground over several years. Careful due diligence, including the six factors covered in this blog post, is advised before completing a deal. "If the remediation is completed, then it wouldn't affect the rate. Quick sale for only $100K with inventory.... Less. So that the contamination which had obviously migrated off the site would not migrate back onto the site. Despite the current market, no one is forecasting the corner filling station's demise. “Clean” Versus Contaminated Gas Stations. For example, many of these sites are too small to host even a small lunch spot such as a Blimpie. Ivy Hughes is the managing editor of Capital Gains and can be reached here. Sundays are closedMoneymaker that still has a lot to grow.
Buying Old Gas Station Property For Sale In Ct
It sits on a highly tourist and local traffic road. 7 acres go along with this business as well. Without the indemnity agreement these stations may not sell or be leveraged by a financial institution. A locked up Shell station at Cedar & Mt Hope. 2 Convenient Stores with Gas (1 Branded). Examples include: Open LUST site; Closed LUST site but deficiencies with previous closure; long term operation of the UST system without any site investigation; former UST systems with no prior or inadequate site investigation; the potential for orphan USTs; historical vehicle service operations; current or former waste oil UST; car wash oil/water separator; presence of septic system with vehicle service operations; impacted potable well. 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. Fuel Gallons 100K/Mth, Snacks $35K/Mth, Car Wash $14k -18K. Purchasing Decommissioned Gas Stations. Great Real Estate at Signalized Intersection directly adjacent to major I-5 Freeway2. Regulatory Compliance.
This market is very robust and an insured may be able to negotiate creative coverage to help address the unique risks associated with the transaction. Opportunities for growth include participation in local Farmers Markets, BBQ delivery into Telluride, and an increased emphasis on outside catering as Telluride is now a major wedding destination. Buyer to verify• Car Wash Business only; also available For Sale $690, 000 with 30 years lease• Rare opportunity to own Car Wash Business, with Real Estate + Rental income from the Auto Center • High Traffic, over 30, 800 CPD Harbor Blvd and W 19th St. • Near Orange County's major intersection, Triangle Square, Downtown and at 55 Fwy• Densely populated area, over 365, 000 population within 5 miles radius• Great opportunity for owner operator to run the car wash and collect rental income... Less. Discover why a dry cleaner needs to be "green" to be profitable. For 21st century needs, wireless Internet cafes could do for abandoned gas station sites that video stores did in the 20th. Liability mitigation cost forecasts and cash flow scenarios can be developed using probabilistic cost models to aid in the negotiations between buyer and seller. Recent Upgrades to the Property! There are no other grocery stores or gas stations within 12 miles of us! IF YOU DO NOT HAVE THE CASH TO BUY THE STORE THEN DONOT NANCING ONLY ON ONLY FOR SALE, PROPERTY IS NOT FOR is an Incredible Circle K that has Shell Gas. In some instances, gasoline retailers and governments have been creative, transforming lots into parks or tourism kiosks, which require less remediation, he adds. Looking to buy a California gas station?
This breaks up the hydrocarbons so they dissipate, increases the evaporation, and provides fresh oxygen that encourages bacterial decomposition of the gas. "It is difficult to put a value on divested sites since they would have a major range based on location, " he says. 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. With so many choices out there, separating the wheat from the chaff is a challenge. MUSTA has an annual limit of either $1 million or $2 million depending on the number of USTs that an owner has. In this blog, Peter Siegel, MBA discusses six things you need to know about buying a successful dental practice or office. Many gas stations have sold with ongoing remediation, the buyer typically being indemnified by the Major Oil Company who held title at the time of contamination and is the responsible party for remediation.
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