Gas station sellers should start preparing their business for sale at least 3 years prior to their sale date. They will also enjoy higher business valuations when they are ready to sell their business. Gas station owners that manage their inventory well, prioritize customer service, maintain good employees and are smart about their gas purchases enjoy years of profitability.
Nevertheless, gas stations for sale that have quick auto services, like oil/lube and tire repair, and are located in towns and cities are still profitable and advantageous.įinally, good management makes all the difference in selling gas stations since it often results in more buyers and competitive offers. While automotive services used to be found at many gas stations in the past, they have fallen out of favor and are not typically seen in new stations. An automated, well-maintained car wash is also a highly valuable financial profit center.
GAS STATIONS FOR SALE LICENSE
A clean, well lit, well-stocked convenience store with a beer and wine license is a highly profitable revenue source. Quick service restaurants and/or a cafe that offers popular menu items in a clean and comfortable environment are one of the best ways for gas stations to be highly profitable. The real profit comes from having multiple streams of income connected to the station such as convenience store, quick service restaurants, car wash, cafe, automotive services and the like. If you are fortunate enough to own a California gas station, you undoubtedly know that the profit margins tend to be thin. The idea is to maximize the selling opportunity by using the fuel sales to drive traffic and profit. Moreover, competitive pricing brings in customers to consume other products and services, such as convenience store, offered by the gas station. Though margins are thin, they can be made up with strong fuel sales via competitive pricing particularly in competitive locations with multiple stations.
GAS STATIONS FOR SALE DRIVERS
Strong fuel sales is one of the best economic drivers for California gas stations. The closer to an intersection, with multiple points of entry, the better. Another great location is on a busy street in a California city or town.
One of the best locations is typically right off a freeway entrance or exit. Stations in great locations sell quickly, for high value and usually with competitive buyers. These key elements are the foundation for a successful gas station business. What makes a gas station successful is its location, strong fuel sales, additional revenue streams and how well its managed. Complimentary Business Valuation Request.Bay Area Commercial Real Estate For Sale.California Business Opportunities For Sale.
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