The simple answer is that you can trust that we know what we are doing!
We have sold hundreds of gas stations on behalf of satisfied clients across California and will share that experience with you to enable you to sell your station for the best possible price as quickly and smoothly as possible.
We offer a free evaluation of your station prior to taking on the listing and present our findings to you in a one on one meeting that will enable you to ask questions so we can build a level of trust needed between broker and client.
We typically include a review of the value of the land, the depreciated replacements cost of the improvements, and the value of the business. The price for the station will be determined by the ability of the cash flow from the business to fund the loan and provide the new buyer with a 15-20% cash on cash return.
Once you are ready to engage our services we will provide you with a listing agreement for signature. The normal term for such an agreement is 6 months, however we are so certain that you will be pleased with our services that we are able to offer a termination of our relationship at any time.
Commission for single gas station sales are typically as follows:
1. Land, improvements, and business: 6% of the gross sales price
2. Business only: 10% of the gross sale price
Commissions for multiple gas station sales are by negotiation.
How do we earn our commission?
We earn our commission when we sell your station!
But there is a dedicated process to go through that enable us to achieve this goal:
1. Preparation
First, we have to review and prepare all documents that relate to the sale. These will likely include:
- (3) Years Audited Financial Statements and Tax Returns.
- Environmental/State Compliance Information Including SB989 Testing and EMV Upgrades.
- Fuel Supply Agreement.
- Franchise Agreement.
2. Marketing
We use a number of channels to get information to prospective clients. We produce a detailed offering memorandum and add the availability of the station to the various multiple listing services which include http://www.costar.com, http://www.loopnet.com, and http://www.bizben.com.
However, our most successful medium for gas station sales is through direct marketing to our extensive data base of over 10,000 owners and operators of Gas Stations across California. The use of post cards and e-mail to dedicated buyers has given us an edge that produces results.
We also have personal relationships with many experienced and well funded buyers who use our services to help them find Gas Stations.
3. Close of Escrow
Our experience has taught us the importance of working with the right escrow and title company to complete the transfer of ownership of the station and if necessary, the ABC license. We have established relationships with escrow officers who also specialize in this sector and will work with them to ensure the transaction is completed as smoothly as possible.
California Gas Station Broker 