What factors should be considered when purchasing a gas station?
A: Factors that should be considered when purchasing a gas station are as follows:
Prior or current environmental issues associated with the property
Whether the tanks and pumps are included in the sale
The repair history of the tanks
Compliance of the tanks with your state rules and regulations
Location
Street repair history (if the street the gas station is on is going to be repaired soon this may cause a decrease in business)
These common considerations should be discussed with your business lawyer along with any other questions and concerns that you may have.
For additional information about buying a gas station contact Charles N. Internicola, Esq. at 1-800-976-4904 or for additional information on purchasing a business request a complimentary copy of "An Entrpreneurs Guide to Purchasing a Business or Franchise".
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
