Federal databases indicate that leaks from underground storage tanks (USTs) is the major source of groundwater contamination. As of March 2009, Florida has reported 16,121 releases remain in its backlog, by far the highest number in any state in the nation.
In addition to the concern of contamination and regulatory compliance, the Gas Station owner is also concerned about profits from the sale of gasoline and other products. As a seller, environmental issues are not your only concerns. There is often a fixation on the fluctuating oil prices, pool margin, management of human resources, maintenance of the building and the fuel system, vendors. The Buyer may also be concerned about the same issue and much more.
For the consumer, and if you’re running on empty, that gas station up ahead can be a source of relief. All parties involved in the gas station transaction must resolve three (3) key issues; (1) Market value, (2) Property condition, (3) liability protection.
Here is how GeoTech Realty can assist you in all three areas:
GeoTech Realty’s assistance with our gas station sellers begins with analyzing their financials to determine market value and in relation to competitive markets. We also conduct a risk assessment to evaluate the current property and environmental condition. A successful transaction process may be as follows:
GeoTech understands that selling your automotive business could prove to be one of the greatest challenges of your business life, so let our professionals handle the finer details while you prepare to enjoy your Hard-Earned Income.