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, and by comparing the home …
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 are some people just innately …
In retail business these are the 3 most common terms we hear every day, but what do they all mean and how are they different from each other, is a question many of you have. I know this because I get email time to time about this very topic. Okay let’s break them down and …
What are The Differences Between Penny Profit, Profit Margin and Markup? Read More »
This blog post is the direct result of few a emails I have received in last few months all of which were about investment visa process. At first, I didn’t bother to reply as I am not an expert nor an immigration attorney. But after reading the last email, I have decided to investigate and …
Fuel or Gasoline part of your business has many moving parts, and even being in this business for many years some of us still do not have a clear understanding of what rack price is, what jobber markup is, what and how crude oil pricing effect us or what pool margin is and how all …
5 Key Elements of Fuel Pricing Strategy You Should Know Read More »
Imagine for a second. Just by a change in appearance you make a business go from loss to profit, well minus the legacy cost off course. So yes that is the very reason I have decided to share this topic with you and do a separate podcast episode just on this topic. I do think …
How a 10 Step Appearance Upgrade Can Make your Business Profitable Read More »
Due diligence is a process where we try to find out the facts, figures, and all relevant information about a business we are looking to purchase or lease. Simply put it is a fact-finding mission about a business. Simple psychology tells us if a business is doing great, making money then why would anyone sell …
How to Do a Thorough and Proper Due Diligence on a Gas Station Business Read More »
If you are new to gas Station business but have enough interest to dig dipper into this business, than next step for you is to try and find a few businesses for sale and evaluate them the best way possible and see if any of them fit your budget and need. As I mentioned before, …
How to Find the Right Gas Station Business to Buy or Lease Read More »
What is gas station business? A typical gas station has two main parts -Gasoline or fuel and then there is the Conv. store where we sell from soda pop, candy, milk and snack foods. Most typical conv. stores carries around 2000 items or SKU, you can think of them as a mini grocery stores …