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High Volume Gas Station, QSRs, Drive-Thru, VA. Virginia. Branded Gas Station with Real Estate. Absolute NNN ONLY FOR OPERTY NOT FOR DO NOT VISIT WITHOUT AN APPOINTMENT! Great Real Estate at Signalized Intersection directly adjacent to major I-5 Freeway2. The most logical choice — source removal — includes removing the leaking tank and soil saturated with petroleum. Buying old gas station property for sale near me. Assuming a gas station site can be re-developed to alternate use, the level of allowable contamination is much different for an operating gas station than would be for say a residential project. In practice, the Ministry only does this if there is an imminent risk to persons or property caused by the contamination. Following are the broad numbers for the location that are Completely Verifiable: Inside sales (33 to 35% inside Margins due to interstate location selling high margin products): ------->128, 000/month (YTD 2022), 115, 000/month (2021), 110, 000/month (2020)Gas Gallons (5 cents/gallon and 15 cents/gallon credit cards commission on gas): ------->96, 000/month (YTD 2022), 100, 000/month (2021), 100, 000/month... Less. • Car Wash + REAL ESTATE + Auto Center; For Sale $5, 990, 000• Rental income $13, 000 NNN from Auto Center• Year Build: 2006 * Lot Size: 26, 914 SF * Car Wash Building * 2, 494 Sf * Auto Center Building: 4, 085 Sf. The likelihood of selling a business is often determined by external factors in the marketplace. Lots of... $149, 000. Point to Point Environmental has extensive experience in helping our clients remain compliant or achieve compliance should a particular property fail inspection.
22 cents profit margin on each gallon; sells diesel too. Page County, VA. Transworld Business Advisors are pleased to present this unique commercial gas station... $799, 900. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. 20, 000 Acquisition fee! Gas Stations For Sale in Virginia. In some instances, gasoline retailers and governments have been creative, transforming lots into parks or tourism kiosks, which require less remediation, he adds. The last census put the total number of gas stations at around 120, 000. "…the processes of evaluating environmental risk typically do not include loan terms (e. g., interest rates) or worthiness of the deal. The assets, including tow trucks and perhaps the property where towed vehicles are stored, determine much of the value of this kind of company. In other words, as long as the report is accurate, you are on the hook and you can probably only imagine what it might cost you in terms of independent soil and other testing to show that the report is incorrect. 2 shutdown gas stations for lease in Alabama on high traffic streets!
However, there are specific requirements to be eligible for MUSTA. We provide attentive, quality & innovative customer service. So the person who caused the contamination will always own it, as long as they exist. In this BizBen Discussion we address many of those factors. 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. With the seller retiring, this business is now available for the right buyer. Buying old gas station property on sale. There are certain asbestos containing materials in the building.
Gas, Deli, annual Sale $1. Unique layout allowing adjoining C store and Deli to have video poker with both off premise and on premise liquor licenses!. Consider these five questions first before buying a gas station, saving lots of money & headaches. Gas Station Purchase - Environmental Due Diligence Factors. Or more commonly: what is going on with the old gas station at the corner of XXX and YYY? Therefore, the affected facility may be unaware of its lease obligation, or there may be several organizational layers between the operating location, its headquarters, and the landlord. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire... Less.
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. Modifying Lease Terms. Western Economic Diversification provided funding. I welcome other Advisors to weigh in on this topic. It is the form of the EMA and CSR that cause these valuable urban commercial lots to sit empty for years. Buying old gas station property for sale in pa. "Typically, they would have underground parking enabling excavation of the contaminated soil with residential above the commercial, which means you can apply commercial standards to remediation, " he says, adding residential-only developments have higher standards and, in turn, costs.
The closed station across from the Stadium District on Michigan Ave. All Photographs © Dave Trumpie. You can stick wells in the ground and blow air down into the hydrocarbons and groundwater ("air sparging"). 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. 00, Other rebates$16500. Oil companies hate risk, so they would rather just own the land, put a fence around it, say "no trespassing" and do whatever due diligence is required to keep anyone from messing with their contamination. Before You Buy A Gas Station Ask These 5 Questions | BizBen.com. Serving All Of California. The best part is that it has no other franchised or corporate branded c-store or gas stations in miles, so minimum competition. With so many choices out there, separating the wheat from the chaff is a challenge. While redevelopments like this are not unique in Canada, they're not altogether common either. If it's ongoing, then we'd need to confirm if there is indemnification from the gas company, such as ConocoPhilips, Chevron, etc. Check with local authorities and records to make sure you buy gas stations at a good time. This means many of the former stations from the Century of the Car have been closed in the last couple of decades, and they all probably have contamination issues. Rising gas prices and a highly competitive market have closed more than 3, 000 of the nation's 164, 292 gas stations in the last year, the biggest drop in five years, according to National Petroleum News. These investigations have been termed Phase I and Phase II Environmental Site Assessments (ESAs), respectively.
Contact our Brownfield Program Manager, Lesley Long at or (985) 851-2900. Is a dog grooming business for you? I want it and can easily handle the purchase price. Ask yourself these five questions before you buy a gas station. The price was right – $700, 000 – and the location ideal, about a 10-minute drive southwest of downtown. The terms on your startup capital will dictate how much risk you can tolerate; it is a risky proposition to literally bet your house to buy gas stations. Refine your search: Located next to the freeway, this gas station & convenience store is located in a central and accessible area in one of the most popular eastside cities in the Greater Seattle Area. But why does this matter? Margins on regular gas are 10 to 20 cents; Midgrade gas is always 30 cents, premium 35 cents, and diesel 40 cents. Located on a major traffic street.
Store includes all Deli Equipment, Walk in cooler etc. Obviously I don't want to buy a huge liability. Former sites would have much less value, yet he adds large gasoline retailers are increasingly putting in considerable resources to divest these properties. Chuck Post, a leading laundry expert with over 37 years of developing laundries, retooling, and rebranding hundreds of existing laundries, tells investors how to search, find, evaluate, and do good laundry due diligence laundries for acquisition. But is this discount material and supportable in the market? The Appraisal institute defines stigma as follows: Stigma is an adverse public perception regarding a property; the identification of a property with some type of opprobrium (environmental contamination, a grisly crime), which exacts a penalty on the marketability of the property and hence its value. No is for - Profits from all inside sales to the operator - 5 cents/gallon fuel sales commission- NOI(after rent): $300, 000/year- Rent: $23, 500/month- Goodwill: $400, 000- Have to purchase inside the inventoryCombined Outside Sales: 3. According to commercial real estate experts, drugstores, banks, and fast-food chains are usually the top buyers. The store used to be a 7 Eleven franchise but the current seller spent almost $300, 000 to terminate the 7 Eleven franchise and buy new equipment. Bottom line -- if they can't prove it, don't add it into the valuation. Unbranded Gas Station with Land & Express Car Wash - New Equipment worth $250, 000Gas Sales - 60, 000 gallons monthly @$1. 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.
Since we're accustomed to swooping into gas stations to get fuel and coffee, why not turn the abandoned ones into coffee shops? 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. If there have been petroleum leaks, has the tenant addressed them as required by law? Tazewell County, VA. Transworld Business Advisors is pleased to exclusively market Gas & Self-Storage in... $1, 800, 000. An unintended consequence of these MUSTA requirements is owners not upgrading UST systems until there is a release. 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. 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. Aside from the current tanks, other older tanks may be buried without any sign on the surface; especially if the gasoline station is old. 7-Eleven franchise for sale in the Winchester area Virginia. This can result in a staged plan for the upgrades. Since 1998, when new federal rules regarding standards for underground storage tanks became effective, both landlords and their gasoline tenants have learned more about identifying, quantifying, and apportioning the risks associated with leaking tanks. Regulatory compliance issues, such as compliance with tank regulations, permits, and Notices of Violation (NOVs), may require substantial capital expenditures for equipment upgrades necessary to meet current regulatory standards. 1 pump w/satelite filling for trucks w/tanks on both sides & one regular diesel. All this with reasonable rent.... Less.