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re: If you had $60k cash to start a business
Posted on 7/14/13 at 9:57 pm to ThaBigFella
Posted on 7/14/13 at 9:57 pm to ThaBigFella
quote:
.Nobody is going to sell a gas station that's profitable for cheap, I know my exit strategy is to lease them out bc there is just no need to ever sell such cash cows.I wouldn't even sell mine for 3x earnings which is a ton for small businesses. It's just these businesses are so tunkey, management is very cheap to hire, but yes there is theft if im not there but its minimal in terms of the money made.
I guess he is really selling the earnings. And I guess it's a pretty good price when you think about it.
quote:
2.As long as the tanks underground are new, there's not much else that could surprise you and cost alot of money.
I'm not sure how old they are but one the first things I want to do is put in under ground diesel tanks because his is above ground and old manual pump.
quote:
Definitely don't look at volume of gas though bc the busier stores really sell gas for the cheapest and thus turn very little gas profits.
This is a rural station that runs credit to certain clients. He is higher than stations in town. He told me he sells $30K every two weeks in gasoline. I'm not sure what his profits are though.
Posted on 7/14/13 at 10:00 pm to offshoretrash
My company did a lot of UST work recently. All the new installs and tank pulls are starting to dry up. Might be a good sign as far as the age of the tanks at this location goes.
If not, and he's been paying into the state trust fund, you'll be better off than if he hasn't obviously.![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
If not, and he's been paying into the state trust fund, you'll be better off than if he hasn't obviously.
![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
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