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California Gas Station and C-Store Broker
Pacific Fuel and Convenience Summit
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.
Petroleum Realty Group the #1 Broker in California are pleased to announce another Gas Station Sale.
The Sinclair station on Orange avenue Coronado Island has sold for more than the asking price.https://www.sinclairoil.com
The buyer will continue the tradition of providing excellent service to the locals and visitors to the Island.
With only two Gas stations on the Island there was a lot of interest in the site from operators and developers.
The station occupies only 7,174 sf but perfectly allows for two dispensers a C-Store and smog shop
Petroleum Realty Group represented both parties in this Gas Station Sale. They are very active in the San Diego market place recently selling the Chevon station in Vista and currently listing a 7 eleven Gas Station in Carlsbad
Petroleum Realty Group are actively seeking more Gas Station to sell on the California market place. Demand remains high especially for unbranded locations.
Another wonderful Sale for Petroleum Realty Group. We are certainly setting a high bar for achieving the very best sales price in the region. Our sales are setting the ones that everyone looks too when seeing how the market is doing.
Timothy Haves , President Petroleum Realty Group Inc. 949-636-3961
Petroleum Realty Group the #1 Gas Station Broker in CA are please to offer this 7-Eleven Gas Station for sale in Carlsbad . The Carlsbad 7-Eleven is fronting Carlsbad Village drive at its junction with the 5 Freeway
This is one of the worlds largest franchises and a highly successful business model https://www.7-eleven.com
This station has a good size C-store with 4 pumps facing the street.
This is a very rare opportunity as Gas Station in the this area are in high demand. Additionally there is an opportunity to rebrand the gasoline whilst the contract for the store has another 4 years left
Take a look at this undercover boss episode featuring CEO Joe DePinto as he goes undercover inside 7 eleven. Joe who uses Danny as his undercover name and becomes a store clerk, a baker and a delivery man.
7-Eleven CEO formerly known as Danny
Petroleum Reatly Group #1 Gas Station Broker in California is fascinated to see inside 7-Eleven and understand how a local C-store can sell 2500 cups a coffee a day. The answer is customer service. Imagine the profit margin on those sales.
Danny then goes on the donut making line and spends the night working the night shift at one of their Maryland stores. Later in the show you can see the logistics of making repairs and his tasks as a deliver driver supplying his local neighborhood
This is a really good in-site into the inner workings of a major brand c-store with 6500 locations in the US. Click here to watch : https://fb.watch/d4PR4bcE9q/
We recommend that all our clients take note of this video. Customer service , cleanliness and product placement are paramount to the success of a store.
The customer needs to have an enjoyable, stress free experience in order for them to return.
After all this is a convenience store that is always open.
California already has the nations highest Gas tax at 51 cents per gallon.
That will soon change in July when Governor Newson increases the Gas Tax further to $53.9 cents, a 5.6% increase.
The price of gasoline in the US has increased over 76% since inauguration day January 2021 when the average price of regular gasoline was only $2.33 a gallon. Today the average price is $4.109, which is a staggering increase.
In California however it has become normal for consumers to see prices over $6 a gallon.
March 2022, Hollywood CA
The question one wonders is why ? The answer, as ever, is, the world of Politics.
To understand why Politicians are to blame we need to look at the price of barrel oil. The Presidents policy of restricting domestic supply increased the US dependance on imported oil. This restriction began well before the war in Ukraine which has certainly driven up prices. President Biden could have protected the Amercian consumer from rising prices by lifting restriction of domectic production.
The administrations war on fossil fuel is more important than the cost to Americans who were told to “pay the price”.
inflation is at a 40-year high at 8.5%. Americans are digging deep to keep thier heads about water, in additional they Califonia Gas Tax add an additional burden.
By July 2022 Californians will be paying 86c in taxes to the State and Federal government for every gallon. For diesel customers that number rises to $1.34. No wonder food prics have risen so sharply. In addition to the Calfornia Gas Tax which is per gallom based there are sales taxes which are price drive, as the price of gas increases the government gets more money.
The California legislator has shown no signs of delaying the increase in Gas Tax in July. There was a proposed bill to do just that but it did not receive the votes to move forward.
The Federal Government continues with its anti fossil fuel policy and we see no end in sight to the problems in Ukraine.
Common sense would suggest that if you lower the Gas Tax then more gallons would be sold, but with a $100 Billion surplus the California Gas Tax is not so much about raising revenue as it is about control.
The push of course is towards the EV and another major control which his the ban of new combustion engined cars in 2035.
The California Gas Tax whilst hurting the consumer has actually helped the Gas Station owner. Prices have risen so quickly that profit margins are better than ever as Gas Station owners increase margins as prices rise.
Petroleum Realty Group #1 Gas Station Broker in California are please to announce the availability of a self serve car wash for sale in Pico Rivera, California
Pico Rivera Self Serve Wash
This is a great opportunity to build an absentee business in the very popular self-serve car wash industry.
The wash has 4 bays and three double side vacuums to the rear.
Currently vacant and fenced for security the facility does need minor maintenance and repair to the hoses and POS.
This self serve wash is the only one for sale in Los Angeles.
Petroleum Realty Group #1 Gas Station Broker in California are seeking offers of $1.6m for the land , imporvements and business opportunity .
Stellar Tire and Auto repair have appointed Petroleum Realty Group, California’s #1 Gas Station Broker to sell their specialist repair shop business in Anaheim California.
The Business operates out of a large 3,192 sf building. The three bays each have lifts and air hoses making the repair shop suitable for any job.
The lot is 14,041 sf which on the other hand gives plenty of room for customer cars.
The business operates under a lease which has nearly two years left and a five year option.
To sum up this is an amazing opportunity to acquire a small business in a very specialist and sort after sector of the automotive industry. The sale includes equipment and tools.
Timothy Haves President and Broker officer of Gas Station Broker Petroleum Realty Group 949-636-3961
Petroleum Realty Group #1 Gas Station and Car wash broker in CA are seeking more listings.
Without doubt there is a high level of demand for value add business sale opportunities. If you are thinking about selling your auto related business please give us a call. We will provide you with a free opinion of value and explain the process of selling your business.
Petroleum Realty Group #1 Gas Station Broker in California has recently joined the BizBuySell online MLS community.
It is important for Brokerage houses to be part of every available MLS in order to reach the target audience. Petroleum Realty Group makes sure that every listing is posted on line. This process ensures that both principles and Brokers are able to see available listings from our company.
Timothy Haves is in the Elite Broker Section of the Web Site. Please look him up and send him a message , we are always seeking new friends in the industry.
Gas Station Broker Petroleum Realty Group Celebrates 10 Years in Business
Petroleum Realty Group, California’s #1 Gas Station Broker celebrated 10 years in business this month. In March 2012 we opened our doors to the Gas Station world having previously worked for other Brokerage Houses.
Our First deal
Looking back at our record there are a few notable deals that jump to mind, starting with our first Sale for AU Energy which was a Shell station on Ventura Blvd in Tarzana. This sale gave us the confindence that we are on to something big and that Petroleum Realty Group was going to be a success.Our
Most Remote
Next was the most remote location and that has to go to the two Station we sold for EH National Bank in Needles CA or Perhaps the closed down Station in Lompoc purchased by Moller Investments Group. If its in California we can sell it. Check out our listings at https://www.loopnet.com
Quickest Deal
Quickest traction and a Petroleum Realty Group record would be the purchase of a 76 station on 3rd Street LA by the Berri Brothers, 9 days start to finish and one of those days was Christmas day, look what you can achieve with a willing buyer and seller. We are not sure that we will ever break that record but would love to try. Hard work paid off on that one
Smallest Site
The smallest site for this Gas Station Broker with the largest bang for its buck would defiantly go to the 6000 square foot Conserve Gas Station in Brentwood Los Angeles. $8m got the buyer an iconic site in the most presitgeous location in Southern Califrionia. That old adage location location location was what this site was all about and it will only go up in value in the future.
Biggest Store
Biggest C-store goes to La Media Chevron in Otay Mesa, where the Extra Mile store was some 8000 sqft and included three QSR’s, this transaction might also be the biggest business turn around too as the buyer added a truck stop to the vacant land and the site has to be worth 8x what he paid for it. Another Petroleum Realty Group happy client.
Most leased transactions at once goes to the disposition of the 7-Eleven portfolio for SEI Fuels, 50 sites all leased in less than 6 months, a huge effort from all involved and the last time our fax machine rang off the hook day and night
It has been a thrill to work with California Gas Station operators these last 10 years and I am looking froward to making new records and new friends.
Petroleum Realty Group is stronger than ever and continues to buy and sell Gas Stations through out the state of California. We are the state #1 Gas Station Broker
Petroleum Realty Group Celebrates 10 Years in Business, WOW , I am so proud.
Timothy Haves President and Broker Officer 949-636-3961
A quick thank you to all our friends who have sent us messages of congratulations , we are proud to be part of the Gas Station community and look forward to working with you for another 10 years.
Finally, we would also like to thank our partners who make the process seem so professional , Pam Manning at the Escrow Spectrum and Liz Bergold and David Nobel at Ticor Title, without your support and hard work non of our success is achievable.
This years WMPA conference in Las Vegas was held as usual in the Mirage Hotel convention center. Petroleum Realty Group attended the event to meet old friends and stay up to date on everything that is new in the world of Gas Stations.
Despite the Covid requirements we were impressed with the number of booths and of course every part of the industry was represented. We always take particular interest in what is up and coming.
There was a large presence from Marathon Oil as you can see above and we also met with Gulf Oil, VP racing , Extra Mile and Pearson Fuels .
I could write a long list of interesting booths that I visited but the ones the caught my eye the most were the new Electric charges and the self serve point of sale
This Gilbarco level 3 Electric charger is supplied by Western Pump, it is certainly going to be a future consideration for Gas Station owners, I am worried that it needs a 240 amp supply which not every station has and of course a full charge still takes 20-30 mins which is longtime for a customer to be waiting. The electric car is coming so we can not discount this additional revenue source, as Oil prices surge more consumers are going to consider electric cars
Gilbarco have also introduced a new self serve device for the C-Store called Passport Self Serve . You have probably already seen a variation of this in your local super market so it was only a mater of time before the concept came over to the C-store POS. The monthly payments for one of these is far less than you would be paying an employee which bring up the question of who is going to stack the shelves ?
I really enjoyed the WPMA convention this year and look forward to seeing all my friends at next year’s event
Timothy Haves President and Broker Officer Petroleum Realty Group 949-636-3961
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.
