Businesses For sale

One of the most common and popular categories of businesses for sale is a gas station business. Though, Buying a gas station is complex in nature, but it is relatively easy to operate and gives strong wealthy to the owner.

hyderabad, India (prHWY.com) January 31, 2012 - One of the most common and popular categories of businesses for sale is a gas station business. Though, Buying a gas station is complex in nature, but it is relatively easy to operate and gives strong wealthy to the owner. Most of the buyers prefer to buy a gas station where they have an additional business associated with them, such as car wash, food mart, repair shop, and c-store. Gas prices fluctuate a lot, and, 'as a result' the sales volume and margins are undulate every day; hence, the buyers are strongly looking for additional revenue to run a businessLease versus with real estate: If we watch carefully, gas station for sale prices are varying in nature; it is due to many variables such as business only, business with real estate, and just real estate only. The profits margins of buying a gas station are varying based on theprice and involvement of the variable on the sale.
If you are planning to buy a business only, review the terms and conditions of the lease, option to buy a property, renewable options, addition of other business permits, expansion, and liability of contamination and other hazardous issues. Also, make sure that the landlord should be current on his mortgage to protect your business. It is all ways good idea to review the lease copies with an attorney and good to get a new lease than assuming.
Code and up gradation. The City, State, Agency and Federal laws periodically review the gas station businesses and passes new safe laws on the equipment and other practices. Before buy a gas station, makes sure that the equipment and tanks are up to the code, also know when would be the next due for the up gradation.

Environmental. One of the major perils in buying a gas station is an environmental pollution or contamination. Whenever you are plan to buy a gas station look for the contamination issue. The contamination will happen over the period of time, and at the time of buying a business, please get reports, and check the current status from the EPA. If the premise is already in the process of remediation, review the work progress, indemnity agreement on work, and transferability of agreement, left over funds, and further responsibility party to complete the work. Good homework is extremely beneficial, before buying a business to avoid successor liability.

Independent versus franchise: As a buyer whenever you want to buy a gas station, branding issue will come first, and branding is extremely valuable for the gas station business, as it will bring significant percentage of traffic to your premises. Franchisor makes periodic promotions on goods, new products and services to attract customers and which yields in increase revenue and profits. In a franchise business, you are obligate to buy a gas from the franchisor i.e. an oil company, follow their terms and conditions till the expiry of the current contract. Get an opinion from an attorney who has experience in the oil supply contracts. If you are independent your oil supply contract of limited period and you can buy a gas, where you want in an open market.

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Tag Words: business for sale, business intermediary, business valuation, franchisor, franchiser, business broker, buyer, seller, buy, sell, business opportunity

Categories: Business

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