Anyone own a gas station?

[Dushon]

Need to ask you some questions


Sent from my iPhone using Tapatalk

[tex4k]

Nope! Didn't know "gas stations" were a thing anymore! All I see are convenience store with self-serve pumps.

[nchunter]

I don’t own one, but here’s what everyone will say.
They don’t make money on gas, the margin is too low, you can’t find help, you barely make money on the convenience store and employees will rob you blind.
At the same time some of the richest families I know own them.
So someone is lying.
Let me know if you discover anything else.


Sent from my iPhone using Tapatalk

[TxSon1836]

I could after a Saturday night of Mexican food.........

[Dushon]

I need to know how the pump side works. Like who comes to inspect them to make sure everything’s up to par before we pull the trigger on this place. Not much info online


Sent from my iPhone using Tapatalk

[Aggiehunter08]

My dad built one in my hometown when I was younger. Made decent money but he sold due to dealing with employees. It was always something. They are worth it IMO if you can handle the headache. I've considered it myself here in West Texas.

[jmac24]

We have financed quite a few of them in my past banking career. I know that through the financing process, you have to have them inspected by a qualified inspector. A Phase I environmental at a minimum and depending on what that shows, maybe a Phase II. If they find any leakage, then that has to be remediated before going any further. On the pump side, most of the time you can get a contract with a jobber that will put in the pumps and signage in return for the gas contract.

[TN_boy]

https://www.gilbarco.com/us/products

Not a gas station, BUT we used a guy out of Dallas to help design and install our 10k gallon 180 proof ethanol tank. He performs annual inspection on pump and veeder root system. Veeder root box performs daily leak check calculations based on level calculations.

[westtexducks]

Have you tried calling the ag dept weights and measures and seeing who they might suggest or if they have any help on that process?


Sent from my iPhone using Tapatalk

[wtx223]

I need to know how the pump side works. Like who comes to inspect them to make sure everything’s up to par before we pull the trigger on this place. Not much info online


Sent from my iPhone using Tapatalk

Inspect the dispensers and underground tanks or the dirt before those are installed?

[wtx223]

Or are you looking at an existing location and need these things inspected?

[Dushon]

Or are you looking at an existing location and need these things inspected?

This. I can’t find any independent people who inspect them to make sure they’re working properly. The store has been closed down for about 3 years


Sent from my iPhone using Tapatalk

[Dushon]

The tanks have been pressure checked for leaks and they’re good. But I can’t find anything in the pump side


Sent from my iPhone using Tapatalk

[RiverRat1]

I need to know how the pump side works. Like who comes to inspect them to make sure everything’s up to par before we pull the trigger on this place. Not much info online


Sent from my iPhone using Tapatalk

If you're looking to buy an older place get it REALLY inspected. It would really suck 6 months after you buy if they shut you down for a leak.

[TeamAmerica]

they could be a big environmental liability. talk to a banker who loans on these and ask them what they require. your interests and theirs will be aligned. and budget a big contingency on top of it.