If you've ever conducted even a single search on BizBen, you see virtually every kind of business for sale by category every day. But very few of them actually provide opportunities for the savvy buyer to have another company help them enhance the property once the sale goes through.
But that's exactly what’s happening on the West Coast. If you are currently in the market for a gas station for sale in California, right now may be the time to start looking. A recent report in the Christian Science Monitor and the New York Times announced that ConocoPhillips (76) is offering all of its California gas stations financial remodeling aid through its West Coast Redevelopment Assistance Program, or WRAP.
WRAP assists owners of service-bay-style stations to redevelop their sites to include gas station businesses for sale in California , convenience stores, car washes or other profit-based services. This obviously increases their WRAP allows resellers and marketers to redevelop their sites and quickly improve their profitability and viability. What’s more, remodeled locations typically increase the amount of fuel sold at the station and helps to enhance the "76" brand image. This makes it a win-win situation for everybody.
With WRAP support, up to 25% of the total project costs of smaller rebuilds and up to 33% of total raze-and-rebuild projects are covered with self-amortizing loan. Loan amounts depend upon a variety of economical parameters, including project volume uplift, cost to supply each site and forecast margins in each market.
In the two years since WRAP was first offered, more than 400 sites have been approved or started justification of due diligence. A project must be approved by the end of 2010 to qualify. You then have three years from the date of approval for completion.
This means that if you have a line on a 76 gas station for sale in California, and you’re thinking about buying and remodeling, you may never have a better chance to recoup up to a third of your remodeling costs than you do right now.
There are many California 76 gas station businesses for sale in California - gas stations for sale right now on BizBen for you to discover for yourself, since the listings change on this site daily - sometimes hourly.
Now, if you have a 76 gas station for sale in California, and your gas station has been approved or is awaiting approval in WRAP, imagine what a selling card you now have: "Buy my station, and ConocoPhillips will help you make it even more profitable!"
Either way, the advantages are clearly in your court, and finding the help you need to turn a profit in your next gas station deal is definitely a WRAP.
(By the way, if you decide to take advantage of WRAP, keep me posted. I’d like to hear how the program is working out for you. And of course, if you found your property using BizBen.com, I would be positively thrilled to know that, too!)
About the Author: Peter Siegel, MBA has started, sold or bought six of his own businesses, and brokered the sale or appraised thousands of California businesses over a 12 year period as a California business broker and consultant. He is the Founder and President of www.BizBen.com - California Businesses For Sale (established since 1994) - the largest website of thousands of businesses for sale and resources for buying and selling small to mid-sized businesses in the California marketplace. He has both an undergraduate degree in Economics and an MBA in Entrepreneurial Studies from UCLA. The ultimate authority on selling and buying California businesses, Mr. Siegel authors a small business blog and has been written up in Entrepreneur Magazine, The Los Angeles Times, The San Francisco Chronicle and in numerous business journals and local newspapers throughout California. He is also the author of Selling A California Business - The Ultimate Guide For California Business Owners, and Buying A California Business - The Ultimate Guide For Savvy Business Buyers. Peter Siegel, MBA can be reached at 925-785-3118.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|Harry Sidhu, CBB, Broker: SF Bay Area, Central Valley, SAC Region
Assisting both sellers and buyers of businesses - dealing mainly with Liquor Stores, Grocery Markets, Gas Stations, Smoke Shops, Restaurant Related, Retail Related, Service Related. Serving SF Bay Area, North Bay, Sacramento area. Call Harry Sidhu, CBB for assistance at 510-366-6130.
|Michael Davidson, Business Broker - Southern California
Los Angeles Business Broker providing M&A quality services for Small Business Owners. We leverage our technology and expertise to Simplify & Expedite the Business Sales Process. Matching the right buyer with the right business is how we define success.
|William Park, Business Broker: Southern California
Highest Volume Broker in California, Simply Check our HUNDREDS of Listings! Over 25 Associates, Speaking Dozen Languages, Helping Buyers and Sellers of Small Business since 1982, Centrally Located between Los Angeles and Orange Counties, while Riverside & San Bernardino Counties are Very Accessible.
|Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
|Taj Randhawa, Business Broker Specialist - Gas Stations, Liquor Stores
If you are interested buying or selling a gas station, liquor store feel free to phone me for a consultation. My vast experience & specialization in gas stations & liquor stores helps me in serving my clients with full confidence, trust & sincerity. Serving Central Valley, SF Bay Area. 559-259-4247.
|William F. Ziprick, Attorney: Legal Services For Buyers And Sellers
Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of closings. Office: 909-255-8353, Cell: 509-951-7230.
|Matt Weiler, Business Broker: Gas Station Specialist
Business Broker Specializing in primarily gas stations. Geographic area of focus: San Francisco Bay Area to Sacramento and as far South as Monterey, California. To sell or buy a small or large gas station phone Matt (gas station business broker specialist) direct at 408-623-0920.
|Randall Barondess CBB, Business Brokerage Services - Central Coast
Experts at: Preparing Businesses For Sale, No-Cost Valuations and Lease Modifications. MaxOne Business, a REMAX ONE Company prepares small, mid-sized and large businesses for sale by confidentially packaging the business and providing guidance throughout the sales process.
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