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Selling a Gas Station
Selling a Gas Station
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Fuel Supply
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California Gas Station and C-Store Broker
Station Sale2843 Lone Tree Way Antioch CA
Petroleum Realty Group announced another Gas Station Sale, this time in Antioch CA.
The Valero Gas Station on Lone Tree Way has been sold to Synergy Petroleum who are based in South San Francisco. https://casynergy.com
This Station Sale represents Synergy’s continued commitment to growth in the region having recently purchased sites in both Richmond and San Jose
This was not a simple transaction as different parties owned the land and business enterprise. All the parties had to work together to achieve a simultaneous close. This site does have some challenges which include single walled tanks that will need to be replaced but I am confident it will become a very successful location.
Petroleum Realty Group Inc. ® worked with all the owners and their respective attorneys to facilitate what turned out to be a very smooth transaction
Timothy Haves President and Broker Officer Petroleum Realty Group Inc.
There is still a very healthy demand for Gas Stations in California . If you are an owner and you are wondering about selling your business, please do not hesitate to call Petroleum Realty Group. We can offer you a free Broker Opinion of Value and will be able to help you with your Station Sale. Call 949-636-3961 .
Shell Gas StationTimothy Haves with Mike Sater as he takes over his new station in Costa Mesa
Petroleum Realty Group the best Gas Station Broker in California are pleased to report a Shell Gas Station Sale.
This Shell branded station on Harbor Blvd in Costa Mesa was very popular, many potential buyers made offers of interest. Congratulations go to Mike Sater who with the help of Marathon Oil https://www.marathonoil.com was able to secure this amazing business opportunity.
Pictured above is Timothy Haves President and Broker Officer of Petroleum Realty Group with the proud new owner Mike Sater from Sater Oil https://www.sateroil.com
This is an unbelievable location so I was not surprised with the amount of interest in the Shell Gas Station site. Sater Oil were the very best buyer and were able to close quickly without any problems.
The seller , a local business man who had been at the station for 20 years is now looking for a 1031 exchange opportunity.
Timothy Haves President Petroleum Realty Group Inc ®
Petroleum Realty Group continues to list Gas Stations for sale in California and currently have new opportunities in both Northern and Souther California .
If you are interested in Selling your Gas Station and want to achieve the very best price contact Timothy Haves on 949-636-3961
A rare listing from Petroleum Realty Group the #1 Gas Station Broker in California.
This Valero on Lonetree way, Antioch is available for purchase, including land and business.
Great opportunity to purchase an on going business and make some improvements to grow the profitability.
Increase the retail sales space of the store by joining the Garage to the store.
Work will need to be done to replace the underground storage tanks which serve the 4 Dispencers.
Perfect for the business man who want to improve the sales of the facility. Purchase this Gas Station with or without the Valero fuel agreement.https://www.valero.com
Timothy Haves President Petroleum Realty Group 949-636-3961
This station has a large lot of some 26,092 square feet with a building size of 1,290 square feet.
A new owner can explore adding additional profit centers such as a car wash.
This is a rare opportunity to buy a Gas Station in the Northern California market place.
Petroleum Realty Group specializes in the selling of operating and closed gas stations, convenience stores and car washes .
Please call us for a free evaluation of you are thinking of selling you facility. We will reply with an opinion of value in 24 hours.
Documentary Transfer TaxWill we see these prices again in LA
The new Documentary Transfer Tax become effective on April 1st 2023, unfortunately this was not an April fool joke.
Are you are thinking about selling your Gas Station ? If it is Located within the City of Los Angeles you are in for a shock on your closing statement. The City of Los Angeles has added and additional 4% to the existing combined City and County tax of 0.56%. For sales over $5m and 5.5% of consideration of value for sales for over $10m.
The value of Gas Stations in the City or Los Angels has risen sharply over the last few years. This new tax is going to affect every Gas Station Sale.
Measure ULA, was approved by ballot last November. It adds another burden on the already heavily regulated and over taxed business operator.
This tax can not be avoided through a 1031 exchange. Therefore, look for sellers to increase their exit price by the amount of the new tax burden.
Further more expect the new buyer to fund the excess price paid for their Gas Station by increasing prices at the pump. How else can the tax be paid other than by passing it on to the consumer.
This excessive tax can be further explained as follows. If you sell your Gas Station for $10m , (many stations in Los Angeles are worth more than that) the documentary transfer tax would be $606,000 . Outrageous , right ?
How this will affect sales in the City of Los Angeles is uncertain. Every escrow officer I spoke to was working hard to ensure that transactions were recorded prior to April 1st. I expect a lull in activity for a while for the market to adjust.
Timothy Haves , President Petroleum Realty Group Inc.®
It was placed on the market by the Trustee’s who were seeking a buyer who would be able to continue the legacy after the passing of Moe.
The Station was listed for sale by brokerage house BQ realty
Petroleum Realty Group, the #1 Gas Station Broker in CA are pleased to announce another Gas Station Sale. Their clients were the winning bidder for Moe’s Stop and have recently purchased it. Accordingly The Station will be reopening it soon.
This was an opportunity that we could not miss. The moment the information landed on my desk I new we had to move quickly. Three weeks later the escrow company told me the sale had been recorded. We were motived to complete all our due diligence quickly.
Timothy Haves , President Petroleum Realty Group 949-636-3961
Petroleum Realty Group are seeking more Gas Station opportunities in Northern California. Moreover, we can close on on a Gas Station Sale quickly without the need for an appraisal or a banks underwriting.
Interest rates are too high as the moment for the average buyer. Our clients have access to substantial funds and are able to complete a Gas Station Sale quickly at the price which makes everyone happy
Timothy Haves , Broker officer Petroleum Realty Group 949-636-3961
The Superfund tax has been reintroduced by the Federal Government
America , still shocked over the rising prices of Gasoline across the nation now faces another tax at the pump
Earlier this year the Government reintroduced the long expired Superfund excise tax on oil and petroleum products.
The tax was signed into law by Joe Biden as part often inflation reduction act of 2022 in August.
The original superfund tax expired in 1995.
The tax will raise $11.7 billion on revenue on the next 10 years.
The tax is set to expire in 2032.
President Biden who preached about lowering gas prices is adding more taxation hidden in the inflation reduction act.
The tax is 16.4 cents a barrel on crude and petroleum product imports and is paid for at the refinery.
Opisnet is reporting that petroleum companies are telling customers that this will be a line item on the 2023 invoices. This cost will be passed down to the consumer. https://www.opisnet.com
It is unlikely however , that the consumer will feel the pain too much of this tax. With 42 Gallons in a barrel the tax comes out to about $0.005 per gallon.
Timothy Haves President and Broker Officer Petroleum Realty Group Inc.
Some might be wondering what this tax is used for?
It does have a purpose. The fund gives the federal government money to deal with environmental threats that are not covered by responsible parties.
Petroleum Realty Group, California’s #1 Gas Station Broker and can be reached at 949-636-3961
Petroleum Realty Group , CA #1 Gas Station and Car Wash Broker are marketing a NN investment sale in Bakersfield CA.
1501 N Chester Ave. Bakersfield has been in the same ownership for some 80 years.
A Family trust currently own the land and are seeking buyers for this three parcel Investment which is fully leased until 2030.
Samco Foods are the current tenant . They have 10 sites in and around the region and operate both Shell and Chevron Gas Station locations https://samcofoodstore.com
Samco operate the site as a Shell gas station with 4 dispensers and a well sized convenience store
Another special listing for Petroleum Realty Group.
I believe the price at $1.25m to be perfect for interested parties.
I expect interest in this investment sale from investors that have a 1031 exchange requirement or have excess funds that need placing before the year end.
Timothy Haves , President and Broker Officer Cel 949-636-3961
If you would like more information on this NN investment sale please contact Petroleum Realty Group via e mail at tim@PetroleumRealtyGroup.com and we will send you the offering memorandum.
This type pf property does not come available very often so a lot of interest is expected
Petroleum Realty Group have announced the availability of an Oceanside Gas Station and Car Wash
This Arco AMPM car wash is for sale and listed at $6.8m
It is located fronting Plaza drive right off the 78 freeway in San Diego County.
Plaza drive is a very popular destination retail center and attracts a lot of traffic. Customers in this area are not only looking for an Oceanside Gas Station but also food. There is nearby Jack in the Box, McDonalds or Starbucks. Moreover a large variety of other items are at the shopping mall across the street making this location very popular.
The facility also has a fully automated car wash with a 48 foot tunnel.
Here is another quality listing from Petroleum Realty Group.
I am please to see that our clients are trusting us again and again to market the very best product in California.
With such a shortage of quality Gas Stations and Car washes available in the market that I do not expect this Oceanside Gas Station to be available for long
Timothy Haves President and Broker Officer Petroleum Realty Group Inc. Tel 949-636-3961
For more information on this location contact us via e-mail Tim@Petroleumrealtygroup.com
Petroleum Realty Group Inc. announces the availability of a well established Automotive repair and service business in Fullerton Ca.
Miller Automotive on Gilbert Street has been serving the Fullerton residents for over 25 years.
The owner will be retiring.
The business is available for $250,000
The site is over 19,000 square feet and gives plenty of room for customer parking and over night storage. The building is 3,125 square feet and has 5 bays and all the lifts, hoist and equipment needed for a profitable Automotive repair business
The Pacific Fuel and Convenience Summit this year was at the Manchester Hyatt Convention center in Downtown San Diego.
Petroleum Realty Group attended and were pleased to see so many friends on the show floor.
The show really is a who’s who of the Gas Station world in Southern California.
Vendors throughout the industry were displaying their goods and services. Of course a show would not be complete without a fuel truck and Person Fuels with their E85 product did not disappoint. https://pearsonfuels.com
New products were in abundance , many vendors were pushing EV chargers and self serve POS systems.
We were happy to see some of the larger Oil companies at the show. Those notable were Marathon, Gulf Oil and Chevron attending the Pacific Fuels and convenience summit.
I really enjoyed this years Summit at the Manchester Hyatt San Diego. I spent a few hours walking the show floor shaking hands with many of the areas familiar faces and characters.
We are very lucky to have such an incredible community in the Petroleum Industry
Timothy Haves, President and Broker Officer Petroleum Realty Group Inc.
We would recommend anyone currently operating a gas station to attend next years show. It really does cover all aspects of the industry.
We Provide a menu of Gas Station related services for you. Whether you are buying or selling a gas station and convenience stores in California Petroleum Realty Group can be your Broker.
