Five Essential Questions to Ask Before You Consider Buying a Gas Station - 0 views

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  #1 Ronny Figueroa on 04 Apr 12

   

  If you're thinking of buying a gas station, good idea! But should you purchase a franchise or an independent? To make sure you're making the wisest choice, spend time considering in-depth answers to help questions like these:
  
  Question #1: Who is responsible for environmental issues?
  
  Environmental compliance issues will be the biggest difficulty in investing in station. If you work afoul of environmental legal guidelines, and have to cover costly clean-ups or innovative equipment, it could become the end of your enterprise. I'm not exaggerating! Below are a few situations that you might not have thought about...
  
  * Metro leaks. If one of your tanks leaks, who pays for the clean-up - you, or the gas corporation who sold you that franchise?
  
  * New accessories. If every station in your state is suddenly required for legal reasons to install a new type of vent for underground tanks, you'll need to pay for that equipment if you're an unbiased.
  
  * Site remediation. If you happen to sell your station, who will cover removing the underground tanks, clearing the soil and having the certification that states ones property's remediation (clean up) has been approved by way of the state?
  
  Question #2: In the event you purchase a franchise, are you able to stop concerning yourself using environmental issues?
  
  In standard, the answer to this question is yes. Your parent company (Exxon, Mobil, or anything else.) will install any new equipment that state requires, and will step in to do the clean-up if one of your tanks suddenly acquires a leak underground.
  
  Nevertheless, you should never make any assumptions in this area. You and your attorney need to carefully look through every detail inside franchising agreement to uncover exactly what is taken care of, and what's not!
  
  Question #3: If I'm buying an unbiased, what do I really own?
  
  If you get hold of small independent station with no ties to a major make of gasoline, the answer to that question is relatively simple. You're probably buying the business enterprise as an entity, along with the real estate where the market is located, along while using the tanks, pumps and other equipment that you'll ought to sell gasoline. However, the picture can become complicated somewhat if you are buying the business, and not the real estate (territory, buildings). You and unfortunately your attorney need to personal identification number everything down.
  
  Question #4: If i am buying a franchise station, what do I truly own?
  
  The answers to the present question can be more complicated than you'd expect. As soon as you buy, for example, you might end up owning the building - and not the land and equipment, which are owned with the parent company. Or you may lease the building along with the land, but have this canopies, pumps and other equipment owned by way of the parent company.
  
  Remember, different franchising organizations create their ownership packages in entirely various ways. To find out if the deal is right to suit your needs, you'll need to go over all franchise plans and documents closely with your attorney.
  
  Question #5: If it's a franchise, who pays for what?
  
  If you get hold of franchise, you'll probably be surprised to discover more regarding all the things that your parent company expects you to pay for. Some or all of these items might not be covered, so be sure to ask early:
  
  1. Insurance and Repairs - You may have to pay to insure and gaze after the parent company's pumps, signs and canopies.
  
  2. Rent Increases - In the event the parent company leases you the lands and buildings, be prepared to get hold of hit with significant rent increases every two to three years. Make sure you get these terms clearly spelled out inside franchise agreement.
  
  3. Promotional Items - In the event the parent company decides distribute a new kind of coffee inside your convenience store, or to consider special gas discounts with Tuesdays, and decides to promote your business those offerings with special signs - are you gonna be responsible for paying for them?
  
  4. Payroll and Benefits : Don't expect the parent company to be charged salaries or provide benefits to your employees. It's the one area where you'll discover that you're suddenly operating as an independent business.
  
  Copyright (j) 2009 Richard K Parker.
  
  REFERENCE:
  
  http://www.britishrealestateinfo.com/articledetail.php?artid=135597&catid=92&title=Significance+of+Choosing+The+Right+Cooling+Structure+Filter
  
  http://www.thearticledatabase.com/article.php/04-11-2011Choosing-A-Cooling-Tower-Filter.htm
  
  

   

  <div class="cArrow"> </div><div class="cContentInner">If you're thinking of buying a gas station, good idea! But should you purchase a franchise or an independent? To make sure you're making the wisest choice, spend time considering in-depth answers to help questions like these:<br /><br />Question #1: Who is responsible for environmental issues?<br /><br />Environmental compliance issues will be the biggest difficulty in investing in station. If you work afoul of environmental legal guidelines, and have to cover costly clean-ups or innovative equipment, it could become the end of your enterprise. I'm not exaggerating! Below are a few situations that you might not have thought about...<br /><br />* Metro leaks. If one of your tanks leaks, who pays for the clean-up - you, or the gas corporation who sold you that franchise?<br /><br />* New accessories. If every station in your state is suddenly required for legal reasons to install a new type of vent for underground tanks, you'll need to pay for that equipment if you're an unbiased.<br /><br />* Site remediation. If you happen to sell your station, who will cover removing the underground tanks, clearing the soil and having the certification that states ones property's remediation (clean up) has been approved by way of the state?<br /><br />Question #2: In the event you purchase a franchise, are you able to stop concerning yourself using environmental issues?<br /><br />In standard, the answer to this question is yes. Your parent company (Exxon, Mobil, or anything else.) will install any new equipment that state requires, and will step in to do the clean-up if one of your tanks suddenly acquires a leak underground.<br /><br />Nevertheless, you should never make any assumptions in this area. You and your attorney need to carefully look through every detail inside franchising agreement to uncover exactly what is taken care of, and what's not!<br /><br />Question #3: If I'm buying an unbiased, what do I really own?<br /><br />If you get hold of small independent station with no ties to a major make of gasoline, the answer to that question is relatively simple. You're probably buying the business enterprise as an entity, along with the real estate where the market is located, along while using the tanks, pumps and other equipment that you'll ought to sell gasoline. However, the picture can become complicated somewhat if you are buying the business, and not the real estate (territory, buildings). You and unfortunately your attorney need to personal identification number everything down.<br /><br />Question #4: If i am buying a franchise station, what do I truly own?<br /><br />The answers to the present question can be more complicated than you'd expect. As soon as you buy, for example, you might end up owning the building - and not the land and equipment, which are owned with the parent company. Or you may lease the building along with the land, but have this canopies, pumps and other equipment owned by way of the parent company.<br /><br />Remember, different franchising organizations create their ownership packages in entirely various ways. To find out if the deal is right to suit your needs, you'll need to go over all franchise plans and documents closely with your attorney.<br /><br />Question #5: If it's a franchise, who pays for what?<br /><br />If you get hold of franchise, you'll probably be surprised to discover more regarding all the things that your parent company expects you to pay for. Some or all of these items might not be covered, so be sure to ask early:<br /><br />1. Insurance and Repairs - You may have to pay to insure and gaze after the parent company's pumps, signs and canopies.<br /><br />2. Rent Increases - In the event the parent company leases you the lands and buildings, be prepared to get hold of hit with significant rent increases every two to three years. Make sure you get these terms clearly spelled out inside franchise agreement.<br /><br />3. Promotional Items - In the event the parent company decides distribute a new kind of coffee inside your convenience store, or to consider special gas discounts with Tuesdays, and decides to promote your business those offerings with special signs - are you gonna be responsible for paying for them?<br /><br />4. Payroll and Benefits : Don't expect the parent company to be charged salaries or provide benefits to your employees. It's the one area where you'll discover that you're suddenly operating as an independent business.<br /><br />Copyright (j) 2009 Richard K Parker.<br /><br />REFERENCE:<br /><br /><a href="http://www.britishrealestateinfo.com/articledetail.php?artid=135597&catid=92&title=Significance+of+Choosing+The+Right+Cooling+Structure+Filter" rel="nofollow">http://www.britishrealestateinfo.com/articledetail.php?artid=135597&catid=92&title=Significance+of+Choosing+The+Right+Cooling+Structure+Filter</a><br /><br /><a href="http://www.thearticledatabase.com/article.php/04-11-2011Choosing-A-Cooling-Tower-Filter.htm" rel="nofollow">http://www.thearticledatabase.com/article.php/04-11-2011Choosing-A-Cooling-Tower-Filter.htm</a><br /><br /><a href="http://www.thearticledatabase.com/article.php/24-03-2012Choosing-A-Cooling-Tower-Filter.htm" rel="nofollow"></a></div>

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