Owning a gas station

[Engelo Rumora]

Hey guys,

I hope your well.

Does anyone have any experience with owning a gas station?

The station also includes a convenience store and the billboard hasn't been utilized for income. How do you estimate expenses on such a deal?

I recently came across this deal and it was listed for $1.2million and asking price has now been reduced to $490,000.

It is showing revenue of $1.9million in 2012.

Thanks for your time.

[Ben Patel]

I'm going to echo on what many have said here, the gas station with c store should be treated as a business not a real estate. 

It's very true the profit margin on gas station are very slim. I have a friend who make 0.05 c per gallon. That said, true money is made in c-store.

Before prchasing a gas station it is most importance to determine full enviromental phase 1 and phase 2 report as well ensuring if there fiberglass tank are upgraded.

You need clean phase 1 and phase 2 report. Ask for those first.

C-store gross profit margins are about 25 to 30%. From there subtract your labor and operating cost, which should give you ebidta.

Pm me I can help you analyze gas station with c store deal.

It's very true your success in this industry is off your business acumen than real estate. 

Self manage station make more $ than investment own. Hint: emp theft.

[Jack Yen]

Saw this tread and is analyzing a gas station deal. It's a deal owning gas station real estate, 8 pumps and a c-store with a national brand as single tenant. off a major highway and close to everything. Any thoughts? What questions I should ask and look? thanks 

[Mike Khalil]

@Jack Yen

Hi jack, please PM if you would like me to answer some more details questions, i currently own and operate multiple C-Stores with gas in Dallas, TX.