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|
|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.
|Elizabeth McGovern: Escrow Services - San Francisco Bay Area
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
|Peter Siegel, MBA, BizBen Founder, ProBuy, ProSell Programs
Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both websites. I consult daily with buyers, sellers, and intermediaries daily about buying and selling businesses. Call 925-785-3118.
|Manjit Singh, Business Broker - SF Bay Area, Central Valley
Assistance in the SF Bay Area & Valley. Contact me about buying or selling a restaurant, liquor store, gas stations, markets, and c-store businesses. If you are looking to buy or sell a SF Bay Area, Central Valley liquor store, market, c-store, restaurant, etc phone me direct at 510-417-9429 Cell.
|Helen Yoo, New Century Escrow - Escrow Services In Southern California
New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
|Bob Hughes, Business Broker: Coachella Valley Area
Bob Hughes is a business broker & is President of Hughes Properties. Hughes has a wide variety of entrepreneurial experience with the personal ownership & sale of numerous businesses, and has sold over 200 small & mid-sized businesses in the Riverside County marketplace. Call Bob at 760-323-8311.
|Brad Steinberg, Business Broker: Laundromat Specialist
PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.
|Michael Floorman, Business Brokerage, BTI, San Francisco Bay Area
Business Team, San Jose (Campbell) located in the Pruneyard Towers at Bascom and Hamilton. Established in 1981 Business Team with over 6600 sales to date has 1000 business listings to choose from, paid Google advertising. We offer highly trained and experienced professionals.
|Related Articles, Events, Blog Posts, Discussions, Videos, Interviews|
|Tips On Successfully Buying A Gas Station Business That Pumps Out Profits
Buyers who think they want to buy a gas station don't realize that finding the station to own in this industry & determining its fair price pose more complex problems than buying most types of small businesses. Peter Siegel, MBA (gas station financing expert at BizBen) at 925-785-3118 explains.
|What Should I Do If Other Buyers Are Trying To Buy The Same Business As Me?
Buying a small business is hard enough when there is no competition, so how might a buyer navigate the process when there is additional competition from other buyers? Potential small business buyers are offered a few key ways that a buyer can beat out other potential business buyers in this article.
|If You Plan To Offer Seller Financing: 3 Things Owner Sellers Need to Know
When selling your business, offering seller financing is a great way to help your business standout from others on the market and it is also a good strategy to consider that can help you close a sale. Peter Siegel, MBA (BizBen ProSel Program & Financing Expert) explains. Reach him at 925-785-3118.
|I am Buying A Business: Should I Buy The Property As Well? A Good Decision?
There are advantages and disadvantages to owning commercial property. Here are a few questions to ask when it comes to deciding whether or not to buy the property along with the business. Peter Siegel, MBA with the BizBen ProSell Program reviews this issue with potential sellers and intermediaries.
|Tips For Faster SBA Loan Approvals For California Small Business Purchases
In this article on BizBen, business purchase financing advisor and SBA loan broker, consultant Peter Siegel (Business Purchase Financing Expert/Advisor & the ProBuy Program Director at BizBen) at 925-785-3118 shares his views of getting SBA loan financing faster for business purchase financing.
|Buyer Beware: Does A Company's Culture Effect The Sale Of A Small Business?
When purchasing a small to mid-szied CA business, there are a many items to evaluate. One area that is often overlooked is the business's office culture. Peter Siegel, MBA with BizBen discusses with business buyers the importance of understanding how the business "feels" on a day-to-day basis.
|What Is The Typical Business Broker Fee For Sellers And Buyers? Who Pays It?
Was just asked the question from a business owner what the "typical commission" amount is for a broker or agent and if upfront fees are common? Thought this might be a great Discussion topic on BizBen for both business owner/sellers and potentially for business buyers (buyer representation).
|Top 100 List: This Week's Top Motivated Business Buyers & Their Requests!
If you're trying to sell a business - check out this week's top 100 business buyers - one of these buyers may be looking to buy your type and location of business! This list is updated weekly - make sure you check it frequently! Are you searching to buy - get on this list and reach seller direct!