GSB-40: 9 Step Due Diligence Before Buying a Gas Station Business | Part -1

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This is the first of a two part series episode all about due diligence. In this episode I will be discussing everything under the sun about each of the 9 steps of due diligence before buying a gas station business. In the next episode which is part 2 of this series, will be all about the other hidden risk factors that you need to check and verify before buying a gas station. The risk factors I will be talking about in the next episode do not actually fall into a typical due diligence check list. So it is important to pay attention.

Let’s get started

9 Step Due Diligence Before Buying a Gas Station Business

1. The store location
2. Demographics
3. Age and brand
4. Physical inspection of the store Talk about the issues we noticed
5. Recommended upgrades and how much those upgrades would cost
6. Indoor Issues
7. Outdoor Issues
8. Sales and financials
9. Projected P&L vs. Real P&L

 

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If you need to ask me any question, you can do so by either sending me an email at shabbir@gasstationbusiness101.com or you can join my Facebook group by going to http:.//shabbirhossain.net. It’s a domain redirect, it will take you to my Facebook group page.

 

Cheers!