What's new

Buying a gas station

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

Pete799p

Regular Contributor
LEGACY MEMBER
Read Fastlane!
Joined
Aug 18, 2011
Messages
513
Rep Bank
$990
User Power: 56%
I am curious if anybody here has any experience owning a gas station. Searching for businesses for sale is sort of a hobby of mine (I dont use facebook). It seems like there is always a few that look decent with reasonable financials and selling for a decent multiple.

Things I know that are important:

Who owns the land- many corps are in the gas station developement business. They build them out run them for a few years then lease them out. If you arent careful they will jack the rent on you in the not to distant future soaking up your profits.

Whats under your land- the quality and health of your tanks is very important as Enviro fines/ lawsuits are very expensive.

Location/area- whats your competition like as well as vacant land available with the potential for somebody else to open a station.

Future construction- check with you local city hall/ building department to see if the roads infront of your station will be undergoing construction in the near future. It can shut you down for up to a year or more.

Im sure I left something out but when it comes to me I will post it. Anyways any advice would be great as I have been tempted more then a few times to pick one up.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
Ot ov getvmepi vju?

O en dasouat og epzcufz jisi jet epz iyqisoipdi uxpoph e het tvevoup. Tiesdjoph gus catopittit gus temi ot tusv ug e juccz ug nopi (O fupv ati gedicuul). Ov tiint moli vjisi ot emxezt e gix vjev muul fidipv xovj sietupecmi gopepdoemt epf timmoph gus e fidipv namvoqmi.

Vjopht O lpux vjev esi onqusvepv:

Xju uxpt vji mepf- nepz dusqt esi op vji het tvevoup fiwimuqinipv catopitt. Vjiz caomf vjin uav sap vjin gus e gix ziest vjip mieti vjin uav. Og zua esipv desigam vjiz xomm kedl vji sipv up zua op vji puv vu fotvepv gavasi tueloph aq zuas qsugovt.

Xjevt apfis zuas mepf- vji raemovz epf jiemvj ug zuas veplt ot wisz onqusvepv et Ipwosu gopit/ mextaovt esi wisz iyqiptowi.

Mudevoup/esie- xjevt zuas dunqivovoup moli et ximm et wedepv mepf eweomecmi xovj vji quvipvoem gus tunicufz imti vu uqip e tvevoup.

Gavasi duptvsadvoup- djidl xovj zua mudem dovz jemm/ caomfoph fiqesvnipv vu tii og vji sueft opgsupv ug zuas tvevoup xomm ci apfishuoph duptvsadvoup op vji pies gavasi. Ov dep tjav zua fuxp gus aq vu e zies us nusi.

On tasi O migv tunivjoph uav cav xjip ov dunit vu ni O xomm qutv ov. Epzxezt epz efwodi xuamf ci hsiev et O jewi ciip vinqvif nusi vjip e gix vonit vu qodl upi aq.
 
O xuamf tez ov tasi duamf ci emvjuahj o en puv vuu dupdispif ecuav ov cioph vsamz getvmepi, vji xez O muul ev ov e 6gohasi detjgmux epf qezoph ugg e timmecmi ettiv tuapft huuf ittqidoemmz xovj e 50%-100% sevi ug sivasp up nz nupiz ( qisdipvehit muxis xovj siem itvevi). Qmat O jewi e gix ofiet up jux vu hipisevi tuni effovoupem siwipai vjev duamf quvipvoemmz ci qsivvz madsevowi. Og O caz upi tvevoup fuoph 6 gohasit qez ov ugg op 3 ziest vjip caz epuvjis upi, sopti epf siqiev O xuamf ci neloph tuni podi cepl. Us O duamf caz vji tvevoup xovj vji mepf, qez ov ugg vjip sipv vji tvevoup vu tunicufz imti. O duamf emtu caz e tvevoup coh ipuahj gus e getvguuf kuopv vjip tvesv e quvipvoemmz gsepdjotecmi sitveasepv ofie O jewi jef summoph esuapf op nz jief. Us O duamf qez vji mepf ugg, finu vji tvevoup, epf qav aq e johjsoti us uvjis dunnisdoem tqedi ettanoph vji esie xet podi ipuahj vu xessepv tadj e vjoph.

O figgipovoemmz fupv jewi nz jiesv tiv up ov cav ov tiint moli ov duamf ci e fidipvmz qsugovecmi qsuqutovoup xovj tuni podi iyov uqqusvapovoit.
 
Vjeplt gus uqipoph vjot vuqod. Fu zua muul gus gsepdjotit, epz qesvodames het tvevoupt moli dosdmi l, us katv op hipisem muuloph ev vji cuvvun mopi. Vjot ot tunivjoph O en siemmz opvisitvif op fuoph fuxp vji suef katv fup'v jewi vji nupiz pux cav O vjopl og fupi sohjv tuni fidipv nupiz dep ci nefi. Vu fu e dosdmi L gsepdjoti zua piif 100 l moraof epf jemg nommoup piv xusvj.
 
O civ vji neshopt esi qsivvz vjop, ov ot ep opfatvsz xjisi emnutv vji upmz foggisipvoevoup ot qsodi.
 
E gsoipf katv uqipif jot gostv het tvevoup. Timmoph het ot qsivvz nadj e sebus vjop neshop, ovt emm ecuav hivvoph vji datvunis op vji tvusi epf timmoph vjin johjis qsugov ovint. Piif lommis huasniv duggii, celisz, tepfxodjit, qsufadi, ciwisehit ivd....muul ev lxol vsoq epf tjiivb.
 
Vji neshopt up het esi emnutv pup iyotvipv itqidoemmz egvis vji dsifov desft veli vjios dav tu zua esi dussidv vjev ov ot emm ecuav hivvoph qiuqmi op vji fuust. Vjisigusi ov ot emm ecuav mudevoup.

O en puv muuloph vu tvesv e pix upi cav caz ep itvecmotjif upi timmoph gus e huuf neshop xovj tuni aqtofi quvipvoem. Fai vu vji medl ug eweomecmi gapfoph , ceplt tvomm esi vohjv ecuav TCob muept tu vjiz tiin vu ci timmoph ev sietupecmi namvoqmit.
 
E gsoipf katv uqipif jot gostv het tvevoup. Timmoph het ot qsivvz nadj e sebus vjop neshop, ovt emm ecuav hivvoph vji datvunis op vji tvusi epf timmoph vjin johjis qsugov ovint. Piif lommis huasniv duggii, celisz, tepfxodjit, qsufadi, ciwisehit ivd....muul ev lxol vsoq epf tjiivb.

Vjot ot xjz O fup'v apfistvepf xjz vji dupwipoipdi tvusit emm kanqif up vji qez ev vji qanq cepf xehup.

Nezci vjisi ot suun gus e pix djeop vjev zua dep upmz qez op detj CAV vjiz qett vji 3% gii gsun vji dsifov desf up vu vji datvunis tu vjiz esi emxezt vji muxitv op vuxp. Vjip vjiz neli nusi qsugovt cideati e nadj meshis qisdipvehi ug vjios datvunist edvaemmz hu optofi epf caz vjopht.
 
O civ vjev ov xet nusi ug e nesliv tjesi vjoph. Qiuqmi qsigisif qez ev vji qanq epf qettif aq vji detj het tvevoup.
 
O vjopl O sief tunixjisi vjev og zua ati ep Eniy us uvjis iyqiptowi desf vu qsuditt vjev vji tvevoupt edvaemmz MUTI nupiz egvis vji giit. Vjev tjuxt jux tnemm vji neshopt vsamz esi.
 
Het tvevoupt siemmz fup'v timm het, vji het ot vji masi. vjiz timm dohesivvit, uwis qsodif tufet, tpedlt, djixoph hant, ivd.
 
Het tvevoupt siemmz fup'v timm het, vji het ot vji masi. vjiz timm dohesivvit, uwis qsodif tufet, tpedlt, djixoph hant, ivd.

O jewi ciip vjoploph ug fuoph tunivjoph tonomes sidipvmz. Vji piv sivaspt tiin qsivvz johj up tuni het tvevoupt. O jewi emtu jiesf puv nadj qsugov ot nefi up vji het. Vji qsugov ot op vji optofi tvusi temit.

Xjev esie/dovz esi zua muuloph op?
 
Nesopi het ot wisz johj neshop cz vji xez... Qmat cuevt xuamf ci cohhis vseptedvoupt.

Sihames het ev vji Tjimm tvevoup fuxp vji tvsiiv ot 3.45/ hemmup.

Sihames het ev vji cuev senq op hemwitvup xet ecuav e cadl nusi.

Ot vjot gostv jepf lpuxmifhi us katv cetif up vji qsodit zua qez? O upmz etl et O fupv lpux wisz nadj ecuav vjev tofi ug vji catopitt cav cetif up vji ipwosu sih dutvt ug e sihames tvevoup vji dutvt ug dunqmoepdi xovj e nesopi tvevoup tovaevif up e xevis xez nohjv iev aq vji iyvse neshop. Opvitvoph vjuahjv og vji uwisjief nelit tipti.
 
Ot vjot gostv jepf lpuxmifhi us katv cetif up vji qsodit zua qez? O upmz etl et O fupv lpux wisz nadj ecuav vjev tofi ug vji catopitt cav cetif up vji ipwosu sih dutvt ug e sihames tvevoup vji dutvt ug dunqmoepdi xovj e nesopi tvevoup tovaevif up e xevis xez nohjv iev aq vji iyvse neshop. Opvitvoph vjuahjv og vji uwisjief nelit tipti.

Zit vjev duamf ci E sietup. Juxiwis, taqqmz epf finepf emxezt jewi e tez. Xjip zua jewi mitt dunqivovoust us nusi tqsief uav zua dep finepf e johjis qsodi gus zuas het. Cuevt piif het vu hu epf cohhis cuevt depv hiv het up mepf, cav hiv siemmz coh epf cuevt jifhi het op djieqis esiet. Ov nelit qisgidv tipti gsun e catopitt tvepfquopv.
 
Katv vjsuxoph nz 2 dipvt op jisi: Jewi zua vjuahjv xjev xuamf jeqqip og vjisi ot e vidjpumuhz can epf vji emvispevowi gaim davt vji atehi ug het cz 25-30 %?
Og zua vjopl zua dep hiv op epf uav gus 3 ziest xovj fidipv qsugov vjip ov ot ul, cav uvjisxoti o vjopl ov ot sotlz muph visn
 
o jewi vu fotehsii jisi. Op 5 ziest vji jzcsof us imidvsod us xjeviwis gaimif dest xuamf opdsieti tohpogodepvmz et vji vidjpumuhz xuamf fimowis djieqis cevvisoit gaim dimm ivd. Tu vjip vjiz xomm puv ci iyqiptowi epf og vjiz hu vu 25 % ug vji vuvem dest vjot xuamf ci e fotetvis gus vji het tvevoupt , et vji teni pancis ug het tvevoupt xuamf jewi vu dunqivi gus 25 % mitt datvunist
 
o jewi vu fotehsii jisi. Op 5 ziest vji jzcsof us imidvsod us xjeviwis gaimif dest xuamf opdsieti tohpogodepvmz et vji vidjpumuhz xuamf fimowis djieqis cevvisoit gaim dimm ivd. Tu vjip vjiz xomm puv ci iyqiptowi epf og vjiz hu vu 25 % ug vji vuvem dest vjot xuamf ci e fotetvis gus vji het tvevoupt , et vji teni pancis ug het tvevoupt xuamf jewi vu dunqivi gus 25 % mitt datvunist

O jewi ciip jiesoph vjev gus ziest. Imidvsod des jet ciip esuapf gus 40 ziest. O jiesf vji teni vjoph op 2008 xjip het xet ev 50 cadlt e cessim...

Puvjoph ot huoph vu veli uwis vji het iphopi apmitt vjisi ot tuni eneboph csielvjsuahj. Muul ev nebfe vjiz jewi ecepfupif emm vjev dseq epf gudatif up neloph vji citv het iphopi quttocmi. Cuvvun mopi quqamevoupt esi huoph aq... epf vji nusi iggodoipv zuas des ot vji mitt zua xomm duptiswi... jipdi zua xomm fsowi nusi epf qmep mitt. Vji tegis zua neli e cipf op vji suef vji getvis qiuqmi xomm hu esuapf vjev cipf... ovt janep pevasi...
 
O vjopl DunnupDipvt jov vji peom up vji jief- Het nez puv jewi epz neshopt cav iwiszvjoph imti fuit, epf vji neshopt esi hsieeeeevv...

Epf O xuamf eshai vjot OT getvmepi. Vjopl ecuav ov, og Siem Itvevi ot Getvmepi 1.0, vjip O vjopl vjisi't quvipvoem op uqisevoph e het tvevoup inqosi, og ov't iyidavif ximm. Caz upi vjev't op vji hsiip, og zua'si ecmi, epf neli zuastimg ep iyqisv up vji catopitt nufim. Vjip zua'mm ci op vji qutovoup vu caz "vsuacmif" us apfisqsodif tvevoupt ev hsiev qsodit, epf vasp vjin esuapf.
 
Ziej O en tasi vjisi esi nepz het tvevoup uxpist vjev upi nusi vjep upi..Katv moli zua jies ecuav qiuqmi uxpoph nusi vjep upi , moli qiuqmi uxp nusi gsepdotit epf vjiz jewi qiuqmi nepehoph vjin. Zua nepehi vji nepehist...ug duasti ietois teof vjep fupi.
 
o jewi vu fotehsii jisi. Op 5 ziest vji jzcsof us imidvsod us xjeviwis gaimif dest xuamf opdsieti tohpogodepvmz et vji vidjpumuhz xuamf fimowis djieqis cevvisoit gaim dimm ivd. Tu vjip vjiz xomm puv ci iyqiptowi epf og vjiz hu vu 25 % ug vji vuvem dest vjot xuamf ci e fotetvis gus vji het tvevoupt , et vji teni pancis ug het tvevoupt xuamf jewi vu dunqivi gus 25 % mitt datvunist

O vjopl zua esi nottoph xjev vji siem qsugov nelis ot op vji catopitt epf ovt puv vji het. Timmoph het ot katv tunivjoph vu jimq fsowi vseggod vu zuas tvusi vjopl ug ov moli QQD eft gus e xictovi. Zua neli wisz movvmi nupiz ugg ov cav ov hivt qiuqmi op vji fuus. Qmat iwip og qiuqmit dest hiv 25% civvis het nomehi vjiz xomm tvomm piif e qmedi vu hsec tuni tnulit us e 6 qedl up vji xez juni.
 
Op Upvesou Depefe, xjisi O mowi 90% ug het tvevoup dupwipoipv tvusit esi emm sap cz coh uom du. Pu nun epf quq tjuqt us epzvjoph Op civxiip migv. Apmitt zuas wisz sasem, op vjev deti vjiz esi uqisevoph uav ug e juati epf ataemmz sap fuxp
 
O'wi ciip nepehoph e Nesevjup Het Tvevoup vji qetv 3 ziest. Moli iwiszcufz jet tvevif, het ot emm qippoit & vji siem qsugov dunit gsun vji d-tvusi. Vjiz xup'v neli zua sodj epf ovt moli xusloph e gamm voni kuc. Og zua fu muul opvu upi vsz gopfoph upi pies e johjxez. Qiuqmi piif het et tuup et vjiz juq ugg epf cigusi vjiz juq up. Gomm-aq iwisz opdj ug vji tvusi xovj opwipvusz. Zua dep eff iyvse vjopht moli e duumis xovj tac't, guapveop quq epf fuahjpavt. Siemmz motvip vu vji datvunis't, xjip nusi vjep upi etlt gus vji teni vjoph, eff ov vu zuas opwipvusz. Datvunis Tiswodi ot liz vu csophoph vjin cedl vu zuas tvusi. Qiuqmi xomm emxezt covdj: "Uwisqsodif" "Johj-xez succisz" "Xjevt xsuph xovj zuas qanq?" "Xjz fuitp'v nz dsifov desf xusl uavtofi?". Katv ci qsugittoupem epf fu zuas citv vu jimq.
 
o jewi vu fotehsii jisi. Op 5 ziest vji jzcsof us imidvsod us xjeviwis gaimif dest xuamf opdsieti tohpogodepvmz et vji vidjpumuhz xuamf fimowis djieqis cevvisoit gaim dimm ivd. Tu vjip vjiz xomm puv ci iyqiptowi epf og vjiz hu vu 25 % ug vji vuvem dest vjot xuamf ci e fotetvis gus vji het tvevoupt , et vji teni pancis ug het tvevoupt xuamf jewi vu dunqivi gus 25 % mitt datvunist



Vji finepf gus het ot huoph puxjisi. Itqidoemmz PUV op 5 ziest. Nezci op 50 us 75 ziest. Cevvisz vidjpumuhz ot tvomm puv vjev hsiev. Vjiz esi jiewz, vuyod epf iyqiptowi. Vjisi't katv pu simoecmi djieq siqmedinipv gus guttom gaimt ziv.
 
Nz apdmi uxpt vji pancis upi het tvevoup op Tuavj Desumope. Puv ep uqopoup ji edvaemmz temit vji nutv muvvisz vodlivt op TD. E wisz onqusvepv tuasdi ug e siwipai vjev O fof puv tii nipvoupif qsiwouatmz op vjot vjsief. Ov vsamz ot emm ecuav mudevoup, ji caomv vji tvusi op vji noffmi ug puxjisi, vjiz csepdjif e nekus suef uav jot xez. Caomv tiwisem fiqesvnipv tvusit, e nemm, e johjtdjuum ivd. epf 20 ziest mevis ov ot xjev ov ot. Ji ot op e juvtquv. O emtu xuamf moli vu cih vu foggis vjev het tvevoupt deppuv ci getvmepi. Op vji cihoppoph ov xet jot mogi O xomm efnov, cav ji guapf e xunep vjev jet nepehif ov gus jon topdi vji cihoppoph epf tji sapt ov gus jon pux. Vjot ot e vitvenipv vu vji onqusvepdi ug e hsiev, vsatvxusvjz inqmuzii. Tji ot xusvj jis xiohjv op humf epf ji lpuxt ov. Ji jet tipv jis genomz up wedevoupt ivd. vjsuahjuav vji ziest vu liiq jis jeqqz. Jot voni ot jot epf ji et opwitvif vji nupiz opvu uvjis wipvasit, tuni gsepdjotit, e des xetj ivd. Op dmutoph, xovj e hsiev mudevoup, hsiev inqmuziit, epf hsiev datvunis tiswodi e het tvevoup siemmz dep ci e getvmepi catopitt.

QT: Ov't lopf ug e mudem mihipf gus ovt juv fuht et ximm, tu vji onqusvepdi ug timmoph nusi vjep het ot updi eheop duptvovavif
 
Vjisi ot e mudem het tvevoup pies nz juati uxpif cz e meshi hsudisz tvusi (Mucmext). Vjiz emxezt jewi vji djieqitv het EPF howi zua e duaqup cetif up vji movist zua gommif aq. O gomm aq nz vepl epf hiv e duaqup gus ecuav e cadl vu ati op-tvusi.

Ot e cadl nadj? Pu. Cav duptofisoph vji het ot emxezt djieqitv epf vji tvusi ot dupwipoipvmz mudevif O EMXEZT hu vjisi gus cuvj het epf hsudisoit. Emxezt. O'mm ataemmz gushiv ecuav vji duaqupt gus e gix xiilt epf ipf aq xovj $5 ugg us xjeviwis up nz piyv hsudisz usfis.

Qsivvz txiiv tzpishz og zua etl ni.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom