Checklist You Must Check Off Before Buying A Gas Station Business

In this episode I discuss a 8 point checklist that one should follow as the pre closing checklist to ensure the closing transaction is done smoothly and without any unnecessary hiccups. Not to mention following these 8 points property can save thousands of dollar.

1. Check the merchandise pricing to make sure they are not out or range
2. Negotiate the retail to cost percentage of the inventory you will be paying to the seller
3. Meet with the employees and explain to them what is taking place
4. Plan with seller for transfer of all regulatory licenses
5. Transferring all utilities under your company
6. Notifying all vendors about the change
7. Identifying all unsalable merchandise at the closing day
8. Follow proper Inventory counting process

The book I mention in this episode is The School of Greatness: A Real-World Guide to Living Bigger, Loving Deeper, and Leaving a Legacy by Lewis Howes