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With so many choices out there, separating the wheat from the chaff is a challenge. If the site is contaminated, then the Ministry will most often prevent those permits from being issued until someone deals with the contamination. It is at least theoretically possible for the Director of Waste Management (the senior bureaucrat in the Land Remediation Section of the Ministry) to order an owner to clean up contamination, but that power is very, very rarely exercised. The business also has a unique distinction of being one of only two gas stations in the immediate area that now prohibits the construction of any additional gas stations due to DEQ station is nationally branded and has state of the art equipment that is kept in immaculate store also features an office building with storage that could be easily converted to a small C-Store... Less. Asset purchase agreement language can clearly define responsibility for future actions. What Are Your Financing Options? 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. SpeedPro is the nation's leading wide-format printing/graphics franchise committed to... $80, 000. Here are eight influences on how easy, or difficult it might be when selling a small business. This is why selling contaminated property, like former gas stations, is difficult. PACKAGE DEAL: 4 Gas Station portfolio for lease in Memphis, TN Fuel and Inside Margin.
Gas jobber maintains all above ground equipment. In the same way that whenever I tell anyone I am geologist they ask me about when the next earthquake is going to happen (short answer: I have no idea), when people find out I work with contamination, they always ask about old gas stations. The old technology of buried single-walled steel tanks almost invariably leaked after a few years in the ground. 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. Sometimes there are no sumps. 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.
Carpathia Credit Union is a little Winnipeg financial institution that was looking to make a big impact with a new branch a few years ago. Inside sales are around $144, 000 per month, Beer Cave, professional Kitchen, Doordash $3000 a week, Bitcoin $550 per month, ATM $ 3000, and Lotto (Gross from these are around 20K/year). Middletown, VA. Well Established, Scalable, Profitable, Growth Opportunities! Has lotto, beer, cigarettes, vape, ATM, coffee & breakfast, etc. Make sure you are fully capitalized. For over 25 years Peter Siegel, MBA has been providing niche business purchase financial advisory and loan placement services with SBA Loans, Non SBA Financing, Retirement Plan Conversions, Note Restructures, etc. Contamination and gas station properties often go hand in hand. Please call Nancy Seth - Cell #909-967-3050 (anytime)... Less. "It seems like we're at a point where we're changing the way we do things and one thing that would be interesting to me would be to see if those buildings could be usable again for whatever the next generation of transportation becomes, " Hooper says. This can result in a staged plan for the upgrades. Branded Gas Station with C/Store/Food Kiosk - 901446 AS. Rare opportunity to own your own gas station, mini-mart & liquor store in small town Colorado.
5-million for incentives, " he says, adding it's now considering more funding. There are still in the ground. Developed with the assistance of Hemmera, the current owner receives property tax breaks until it starts a high-density, mixed-use commercial and residential development. Injecting substances that speed natural processes is another way of accelerating degradation. 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. Prolevelbusiness)... Less. We frequently answer three questions about environmental due diligence in these types of transactions: - Why is it my environmental risk when I did not cause any contamination? Solid Numbers, next to school (beer permit grandfathered in) factories & busy road get the business, building, equipment & Land. Sometimes the contamination has migrated to include the neighbouring property, and the neighbour doesn't want their building to be excavated. Explore these tips to learn more. If they sell you their contaminated land, they no longer control what you do on that land. • 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. Property also have offer to build it as a gas station and most or all the money will be paid by photo in the listing is just generic. Well established home heating oil and bulk fuel delivery business for sale.
Face the facts, unless you are an environmental engineer, you are going to need the assistance of a good environmental engineer to interpret the report and to advise you as to whether or not the old gas station site was clear or more commonly, properly remediated. If interested, please give us a call anytime at (770) 664-9999 or email your full name and best contact number to. The cost of a complicated excavation can easily exceed the value of the land. 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. High Traffic Strategic Location Gas Station/C-Store-127815-CD. Other potential issues such as problems with a potable water well (i. e., contaminated from bacteria or chemicals) where it could prevent the health department from issuing a license. Sorry about asking what sounds like a tangential question, but I'm considering purchasing a new house that is being built on top of what use to be a gas station. I am an experienced entrepreneur, attorney, & business professor. If the tenant leaves the tank in the ground too close to the lease's end and then encounters petroleum leaks upon removal, the tenant must negotiate post-lease-term access to complete necessary cleanup operations. Mayor hopes buyer steps up after cleanup.
Excellent business opportunity for a owner/operator. But there was a hitch. The visual inspection of the sumps and spill buckets often identify whether a release has likely occurred. ARCO Gas Station, Snack Shop & SMOGExclusively Listed and Presented By: Retail Link | The Gas Broker™Address: Located within (5) Mile Radius of Burbank. Busy convenience store in... $65, 000. 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. Landlords should expect broad environmental indemnities not only for the tenant's breach of its covenants but also for any environmental impairment of the property.
The rent for the property is $4, 800 per month, and we have an additional source of income from an ATM and air machine, bringing in approximately $600 per lease for the property has a 5-year term with a 10-year option available, giving a new owner flexibility in the length of their commitment. The store sells gas, liquor, supplies and Colorado's best barbecue. Serving All Of California. Located right in front of a huge residential neighborhood.
Have your questions ready for an open and honest discussion about both the Pro & Cons of the Vended Laundry Business. 00 and Lottery sales 584436. But extensive soil contamination, requiring cleanup that can take years at great cost, is often a tall hurdle to overcome even in the midst of the booming Canadian real-estate market. 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. The legacy of old practices still haunts us. Contact Nathan Goldstein at 1-877-735-5224 today to learn more and bring your serious offers! However, if you meant to say just that there was contamination in the past that was now cleaned up, it would probably not impact the rate. The material of tanks onsite is also important since metal tanks rust, therefore making replacement highly advisable. The business makes around 300K extra cash annually.
Chuck Post a laundry consultant, specialty broker, buyer representative & due diligence advisor starts this discussion on why it's important to have an exit strategy in mind while buying a laundromat! With a hands-on owner, sales can be further increased. Documented industry standards exist for evaluating the potential for a subsurface environmental condition to exist through non-intrusive means (ASTM E1527), and for confirming if a suspected condition exists using intrusive investigation techniques (ASTM E1903). Modifying Lease Terms. "Generally speaking, a coffee shop would be an easy way to reuse one of the sites. This is a convenience store with some prepared food sales as well (fried chicken). A focus on these due diligence areas prior to the asset transaction closing will help reduce surprises and minimize unexpected costs associated with subsurface impacts and/or tank system upgrades. Can you qualify for a Small Business Administration backed loan?