advice - Posted by john

Posted by Chuck on August 23, 2005 at 14:27:17:

I just read an article on Yahoo regarding gas theft, which is on the rise, due to higher fuel prices, which stated… “With about a penny per gallon as profit, a retailer would have to sell an extra 3,000 gallons to offset each $30 stolen”.

Anyone remember NASDAQ at 5,000?

advice - Posted by john

Posted by john on August 23, 2005 at 13:50:25:

i am looking at a c store with fuel and a resturant on the same property for sale. the sales are 3 million per year. the sale price is 1 million. how do i decide if this is a good deal. any advice would be great.

Re: advice - Posted by jimmy

Posted by jimmy on August 24, 2005 at 07:28:18:

the net is more important than the gross. get their financials, and review them with all due skepticism. make sure you have the underground fuel tanks inspected. this can be a huge liability for you. I have a client who owns several of these deals, and he got stung badly when one of his tanks leaked.

try to find someone in your area who already owns one or more of these things. get their advice and counsel. find out how these things get priced in the marketplace. the more you now about the business, the better deal you will be able to make.