Negotiating a Purchase Price
When you have found a gas station or convenience store that you would like to purchase, the next steps can be quite treacherous. The easy part is behind you – the real work begins! Do your due diligence and research all the numbers; calculate an accurate value of the business
Being Sherlock: Investigating a Business’ Value
How much is your business actually worth? Finding the appraised value (valuation) of a gas station business is much more complicated than figuring the value of a home. A home’s value is generally assessed based on factors like the age of the home, the structure and condition of the property,
It’s all about the Pros and Cons
When you’re making any major life decision, one way to decide what course of action to take is to consider the pros and cons. Many huge choices are made by weighing the ups and downs – what college to attend, whether you should move to take that job offer, or
5 Traits of Successful Business Owners
I am often asked what is it that sets a successful business store owner apart from maybe a not-so-successful entrepreneur. Assuming that the baseline of the convenience store business is met – you have a good location, adequate staffing, and historically have the potential to turn a profit – why
Forgive My Absence: Returning to Regular Blog Posts
I know it has been a long time since I wrote anything for the blog, but I have been extremely busy with expanding my gas station business empire and launching a few other ventures as well. I am hoping to get back into writing regular blog posts. I am also
GSB-61: Progress Report # 3 for December 2016: Actual Business Evaluation & Sales Analysis of a Real Store
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Remember the store I helped some investors buy in 2015 that was losing money? I shared two updates so far and now here is the 3rd one about how that store is doing now. This is a long awaited episode, but here it is. Enjoy! Welcome to Gas station business
GSB-60: 5th Q&A Episode | Part -2
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In this 2nd part of our last Q&A episode, I answer remaining 5 questions all related to buying gas stations and how to understand the numbers and if the stores are really making money or losing money. I also answer questions about how to grow your business with financing and
GSB-59: 4th Q&A Episode | Part-1
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In this episode, I answer three questions all related to buying gas stations and how to understand the numbers and if the stores are really making money or losing money. I think you may find this episode helpful if you are in the market to buy a business. Here I
GSB-58: 3rd Q&A Episode | Answers About Ground Lease, Business Resale Value, Buying A Closed Up Station And Much More
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I am sure you have seen a gas station or two that are closed up in your area and wonder why did someone close it or if you should buy it, or would it do great business if you start it up? Listen and find out as I answer 6
GSB-57: How to Calculate Fuel Profit Accurately
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I get asked this question often, and I have tried to answer them before as well, but let’s answer it once again in very much details so we can clear up any and all the confusion, let’s discuss how you can figure out how to calculate your fuel profit precisely
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