500, 000 is for 1 share of the business.... Less. Service station properties can be a highly lucrative choice for those looking to buy for commercial purposes, but there are many things which need to be taken into consideration when either buying or selling a service station property. Holocene Environmental can help you review the environmental requirements unique to this type of property. For example, between 2009 and 2013, the B. C. government "released $7. The smaller two-pump Mom'n'Pop operations have been replaced with larger multi-bay major company franchises. The owners are vegeterian so they do not operate food services. 2 Convenient Stores with Gas (1 Branded). The cafes would likely be small, but they would be helpful for those without home Internet access. The goal is to cut out blight, remove environmental hazards and return the old gas station sites to usefulness. But now that Netflix.
Some simply breaks down chemically in to less harmful compounds, while some gets eaten up by natural hydrocarbon-metabolizing bacteria. A contaminated site becomes a capital-letter Contaminated Site when the owner of the property applies to the City for one of 5 specific permits named in Section 40 of the EMA: Subdivison, Rezoning, Development, Demolition or Soil Removal. What Are You Getting When You Buy Gas Stations? 3 w/6 dispensing locations. However, there are specific requirements to be eligible for MUSTA. The Phase I and Phase II ESAs meet the AAI rule requirements. It is a long story, and regular readers know how much I love long stories. What is the best approach in combating these costs? 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. There are still in the ground. "Instead of fueling your car, you could fuel yourself. I have a lot of experience too, gained the last 30 years of working on these types of projects, to know what the factors that influence the approach should be. Last month, the Village of La Rue was awarded $150, 000 through the grant to clean up a vacant lot at 36 N. High St. that at one time had been a gas station and car repair shop. Nothing (except for your bank's loan officer) prevents you from buying a contaminated site, but you cannot legally "buy the contamination".
Peter Siegel, MBA with BizBen and others on BizBen explore this topic. Also, MUSTA may not cover some or all cleanup costs if there is already documented existing contamination. 00 Plus tax, Modern C Store. Bottom Line: Do Your Homework. Several factors may affect this discount, if any. If the site is contaminated, then the Ministry will most often prevent those permits from being issued until someone deals with the contamination. Two former gas stations in Marion County will soon be cleaned up using money from a state program that has been giving out grants since 2016 to dig up underground fuel tanks, clean up contamination found on old gas station sites and demolish any buildings that still stand. If there was continued cleanup, again we probably wouldn't get involved until it was resolved.
Located an hour from Richmond International Airport on route 460... $249, 000. Profitable Branded Low Expense Gas Station with C-Store. Across the country, many prime retail locations remain vacant because they were previously gas stations. Explore these tips to learn more. Well established home heating oil and bulk fuel delivery business for sale. Insist on seeing at least the previous two years worth of financial statements and have them checked by an accountant or CPA.
These streets represent a fraction of the area's many out-of-business gas stations; plenty more sit in the areas beyond Downtown. "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. Since 1963, AAMCO has had the proven business system that has made it the undisputed industry leader, long ago having earned the distinction of being The World's Largest Transmission Specialists. Reporting a release requires compliance with Part 213 (the regulations governing LUSTs), which requires that the nature and extent of the contamination be determined, the receptors and contaminant pathways identified and a plan to clean up the contamination. The above chart was compiled from the RPC database and cross referenced with contaminated sites as analyzed by Richard Neustine MAI, CRE, FRICS. Just in the last two years he has invested over $500, 000 replacing the pumps, the roof, the HVAC system, the concrete, the floors, as well as updating the unique opportunity is even more compelling because the supply contract with ARCO ends in 2026. More information can also be found at. Interested in learning more about the commercial real estate market? Because locations that served at gas stations are usually located on busy street corners and easy to access, you would think that they are prime real estate for developers. Contributor: If your business involves alcoholic beverage sales, we can help. Loudoun County, VA. Gas Station and convenience store on a busy road approximate close to. For 21st century needs, wireless Internet cafes could do for abandoned gas station sites that video stores did in the 20th. Material Facts: • Sales Year 2020: $550, 000 +/- • Gallons 2020: - 216, 000 +/- •... $799, 000.
Chevron Gas, C store with liquor and beer with adjacent deli with on premise liquor license and 3 video poker machines! Pumps 100, 000 gallons a month, with. Some agreements these days will indicate that they are subject to the approval of the purchaser's lawyer but not all do and generally these gas station offers do not have a purchaser's lawyer's approval "out clause". When investing in a laundry business, there are two methods. Factors that influence this approach include the age of the UST system(s), whether the site is an open LUST site or a closed LUST site with some contamination still present, when the buyer intends on upgrading the existing UST system(s), whether the site is eligible for MUSTA. There is no sign the Ministry is interested in increasing this power. Give us a would love to show you around the place!... "Sometimes bohemian communities spring up in areas that are impoverished and this seems like a good, positive use of space that wouldn't otherwise be used.
2 Millon / yearLottery, ATM, Air, Truck parking separate additional income. This traditional 7-11 averages $222, 000 Plus growing in store sales per month, 135, 000... Gas station with bays & C store. Its in Massachusetts if that matters, would you buy if the price is right? Call Syed at 631-374-7686 for... Less. In many instances, a Phase II ESA to drill soil borings is completed to collect soil, water, and vapor samples to assess the environmental risk. Mixed-use development is the ideal, Mr. Quandt says. Upgrade requirements may include tanks, spill containment devices, tank monitoring equipment, testing, registration, and operator training. AAMCO has consistently been voted the #1 franchise in its category by...... Less. "I think it's got a lot of development potential, " said Jeffrey Paetz, president of Phoenix Environmental, the subcontractor. 02 Cent Discount Per Gallon• $400k Spent on Newly Remodeled Store Front & Interior• Brand New Fuel Pumps, Card Readers, Pin Pads, Outdoor LED Fuel Sign & Self-scanner• Just 1 Minute Away from Utah State University, Which Has Over 28k Students• Less Than 5 Minutes from Logan Regional Hospital, Which Serves a Population of About 150, 000 People• High Traffic Count Intersection -... Less. Convenience Store & Gas Station for Sale in North Wilkesboro, NC;Prime Corner Location;Recently upgraded fuel pumps;Available for sale with real estate or Just business only;Perfect business for owner operator;Inside Sales: $33, 000 per monthFuel Sales: 15, 000 gallons per month and growing;Lottery Commission: $1100 per month;Additional income form Air & ATM;Sunday closed;Business priced to sale;Contact Aspect Commercial Realty & Business Brokers for details;... Less.
Owner Retiring creates strong Upside for new Operator- SALES/REVENUE -Fuel: 125, 000 Gal/mon ($0. That company could buy up 10 contaminated sites then go insolvent and disappear, abandoning the land for the Province to clean up. Many gas stations have existing UST systems that are different ages and have different construction materials. If it's ongoing, then we'd need to confirm if there is indemnification from the gas company, such as ConocoPhilips, Chevron, etc. Liability is imposed regardless of fault and can be imposed retroactively (i. e., before CERCLA was enacted). Peter Siegel, MBA (BizBen ProBuy, ProSell Program Advisor) explores this topic and other helpful strategies on buying a dry cleaning store. Operates like a strip mall with multiple businesses including Hand Car Wash (this is the only hand car wash in area and comprises of a steady set of clients from the affluent neighborhood), International Franchise Restaurant, one of area's largest gas station and convenience store (close to 10, 000 sqft), Full Service Detail center with separate area for RV & Boat Detailing, Liquor Shop etc. Established Branded C-Store/Gas & Deli - 194010 - AS. A potential small business owner/seller asks the question: I have a preschool and am thinking about selling it but my lease is ending soon. This includes a review of environmental documents, as well as the hiring of a reputable environmental consulting company to perform a thorough review of the property (including a Phase I/Preliminary Assessment Report and possibly a Phase II investigation). Above ground Kerosene tank available. When it comes to financing a restaurant purchase, potential restaurant buyers have several options to choose from. Here are eight influences on how easy, or difficult it might be when selling a small business. Although Shell and Carpathia Credit Union were not partners on the project, they did work closely.
Business legacy risks are less a focus of environmental due diligence and more for the legal due diligence team. 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. For example, if an owner reports releases at four sites in 2021, then there would be a total of $1 million or $2 million to be used between the four sites. Can you qualify for a Small Business Administration backed loan? Want more information on SCPDC's Brownfield Program and to determine if your petroleum site is eligible for brownfield funding?
These agreements are transferable to new buyers. If one is purchasing one of these properties, it is important to hire an environmental professional with experience in environmental assessments in order to inspect the site and make sure it is fit for use. Gasoline spilled in the ground will migrate downwards until it hits groundwater, then sit on top of the groundwater like Cointreau on top of a B-52. Obviously I don't want to buy a huge liability. Store #2 1 hr from Birmingham, AL! The third factor is that the closed stations usually belong to large multi-national oil companies.