Gas stations are a great deal for franchises, because the demand for fuel in America is constant and going nowhere. Our country is literally on the gas. People have to get to work and trucks have to transport goods across the country. Gas stations represent an industry worth $250 billion per year. There are more than 120,000 gas stations in the country. More than 80% have also connected a convenience store. It`s a big deal. It`s a good time to claim a play. The main advantage of a “franchise” station is name recognition, trademarks, commercial design and awnings related to the national brand, owners of “franchise” stations are franchisees and parties to a franchise agreement. As a business buyer, it is important to assess the pros and cons of franchised and independent chains. Florida Real Estate Attorney here.
I have closed a number of gas stations for customers. I have different versions of contracts that you might find useful. I also have a very good due diligence supplement especially for gas stations. The commercial valuation of gas stations and convenience stores for sale varies enormously from site to site. When selling or purchasing a gas station or supermarket, you need to understand the type of acquisition of the business and structure the Memorandum of Understanding (MOU), sales contract and other business sales contracts for wealth protection, financial security and business agility. I do some service service here at MA. One of the things you are talking about is soil and water contamination. This should be tested before the sale, and if a lender is involved, they will probably ask for it. Look in the compilation of some documents for a possible wholesale sale of gas stations in Florida that I met. Does anyone have any proposals for clauses to include in a gas station contract (and/or a model/one they would like to see?) For now, I only look at optimizing the standard contract to buy and sell in Florida to adapt (with some specific clauses, I can imagine that gas stations, especially liability for contamination, etc.).