How buyers put a price on a C-store
The math buyers run on a C-store: earnings, multiples, cap rates and the items that move the number.
Notes for owners and buyers
Plain-English notes on pricing, tanks, fuel supply, financing and closing a C-store deal.
Getting your C-store ready to sell
What to fix, gather and stop doing in the months before you put a C-store on the market.
Tanks, leaks and the environmental report
What buyers and lenders check on the tanks under a C-store, how a Phase I and Phase II work, and how state cleanup funds fit in.
The fuel supply agreement
Branded, unbranded and jobber supply, and how the supply contract changes what a C-store is worth and who can buy it.
Business only, or the land too?
The difference between selling a C-store business on a lease and selling it with the property, for price, buyers and taxes.
SBA loans for C-store buyers
How SBA 7(a) and 504 loans work for a C-store purchase: limits, down payment, and what slows approval down.
The 1031 exchange clock
The 45-day and 180-day deadlines for a 1031 exchange, with a date calculator, for C-store sellers and buyers.
Your first C-store: a buyer checklist
A checklist for first-time C-store buyers, from deciding what to buy through the first week of owning it.