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re: If you had $60k cash to start a business

Posted on 7/14/13 at 10:00 pm to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/14/13 at 10:00 pm to
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.
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 7/14/13 at 10:18 pm to
quote:

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.


Run away, fast.....

He just told you he sells like 8,000-9,000 gallons every 2 weeks.....that is one of the worst gas stations I've ever seen. I mean that's less than 900 gallons/day....does he have 1 pump? My worst one sells north of $125k every 2 weeks....don't look at sales, Im by no means rich off that margins are miniscule.

Now if he meant it's profiting $30,000 every 2 weeks, thats realistic, but it's going to be worth $2-2.5M haha
This post was edited on 7/14/13 at 10:22 pm
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