Recent content by Administrator

  1. Administrator

    Where to find gas stations for sale / lease

    Crexi, Bizbuysell and Loopnet are places to start. I see a few on FB but the best way to do it is making relationships. To get the best deals you need to be known in the community as a good buyer. What makes a good buyer? Someone who doesn't negotiate the deal to death and closes with the least...
  2. Administrator

    Experience buying gas station/store with NRC?

    I never have but years ago several of my friends did and it worked out well
  3. Administrator

    Qualifications (Newbie)

    It's not difficult to do. A lesson I learned was that you need to make sure that nobody is getting gas on the other dispensers
  4. Administrator

    Inventory financing from $10K - $250K from CapCity Finance

    For whatever it's worth to you all I have used Scott multiple times and I highly recommend him
  5. Administrator

    Story’s of how you got started and what you learned

    For me I was lucky enough to get involved with our family's business. My dad leased a gas station from Exxon and when he retired I he sold me 25% and 75% to his manager. It's been a great ride.
  6. Administrator

    Do you guys take advantage of SCORE's free small business consulting?

    Never heard of this now I gotta check it out.
  7. Administrator

    Circle K

    I have not operated one but have spoken with a few operators and what they told me is the increase and sales more than offset the franchise fee.
  8. Administrator

    Introductions

    What do margins look like in NJ?
  9. Administrator

    The secret of using gas station tax benefits

    In case you do not have X here are the comments received. - By bonus depreciating the entire asset, you will take your basis to zero.You could still put it in a trust, but you will not receive any additional deduction - 12 years tax prep experience here. The only way I can see that happening...
  10. Administrator

    Shell Vs Exxon

    From a supplier side what has been interesting to see is on average the difference in premium sales among the brands. There's definitely a difference.
  11. Administrator

    Are the brands worth it?

    Wow....that's exactly why we created the forum. This is news to me. Thanks for the info!
  12. Administrator

    Who has the best program for food service?

    I see a lot of Hunt Brothers and Krispy Krunchy. If you're using them how do you like the program? Also, anyone else out there we need to know about that's doing a great job for the store owners?
  13. Administrator

    Are the brands worth it?

    What's their fee? I found it an interesting concept. The best I remember it being presented to me was we could secure our own supply, double the detergent so it qualified as top tier, and paid them .01. It's been a while so I may be off. The thing that was attractive about the program was that...
  14. Administrator

    How is everyone's business this year?

    Its been an amazing run. What do you think the biggest challenge is now to grow volume.
  15. Administrator

    Due Diligence Checklist

    Good pickup! Adding it to the list
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