How much does the station net?
We will provide estimates of the revenue and income for each station. Once an offer is submitted and accepted the due diligence process begins in which case the revenue, income and expenses are verified.
How much of a down payment is required?
It is the buyers responsibility to decide what he or she can offer. The more the better, in this environment you will need at least 20% down. The seller will rarely ever tell you what he is willing to accept. It is the lender and oil company that will need the financial assurances of the buyers ability to maintain the business.
Will the seller carry?
This depends on the seller. In some cases, owners are willing to carry back a portion of the purchase price. Typically, if we are aware that a seller is willing to carry-back a portion of the purchase price we will list details in our marketing materials.
What are the expenses?
Detailed expenses will need to be verified. We can provide general overhead and rent expenses. Complete expenses are detailed after presentation of an offer.
Can I talk with the seller?
No conversation with the seller until accepted offer is presented. In this manner we protect the privacy of the sale.
How low will the seller go?
We cannot advice you on this - you make the offer. If it is responsible, we will submit it and do our very best to get accepted, or seller will counter your offer. Some negotiation may be necessary. This is where we can help.
Feel free to Contact Us if you have any additional questions.
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