Pricing a Gas Station, and hotel... Looking for experienced input

[Tyler Warne]

I am working on listing a gas station/hotel and looking for additional information about pricing them. If anyone has any info, please leave your knowledge below! My client is looking to sell their business, it grosses about 7 Mill annually but they expense everything, which is what typical operators do. Thank you for any additional information. 

[Greg Dickerson]

Originally posted by @Tyler Warne:

I am working on listing a gas station/hotel and looking for additional information about pricing them. If anyone has any info, please leave your knowledge below! My client is looking to sell their business, it grosses about 7 Mill annually but they expense everything, which is what typical operators do. Thank you for any additional information. 

Hotels are typically CAP rate deals. You should be able to find going rates and comps for those in your area using CoStar if you have access or know a realtor who does, MLS, Crexi, Loopnet etc.

Gas stations are sold on a multiple of EBITDA plus inventory, FF&E, real estate etc. You can typically find comps and going rates on sites like bizbuysell etc.

 Also you could reach out to some commercial appraisers to get more insight.