Gas station & C-store valuation
Gallons, inside sales and land: we value all three.
Independent valuations of fuel stations, convenience stores and truck stops, built on fuel volumes and margins, inside sales, supply agreements and the underlying real estate.
Independent
Gas station valuation
- Typical turnaround
- [X–Y weeks]
- Fees from
- $0,000
- Service area
- [Region]
- Credentials
- [Ph.D. / ASA]
What we cover
Sites we value
- Branded fuel stations
- Unbranded / independent
- Convenience stores
- Truck stops & travel centers
- Car washes & QSR add-ons
- Multi-site portfolios
- Dealer & jobber operations
- Don't see yours?Ask us. We probably value it.
What drives value
Fuel brings customers in. The store is where value is made.
Fuel volume & margins
Gallons by grade, cents-per-gallon margin trends and pricing against nearby competitors.
Inside sales & mix
Merchandise, tobacco, lottery, food service and their margins, usually the bigger profit driver.
Supply agreements
Brand, remaining term, rebates, incentives and any unamortized image funds or buy-out exposure.
Environmental & tanks
Age and compliance of USTs, monitoring records, and any known contamination or remediation.
Location & traffic
Traffic counts, ingress/egress, visibility, competing sites and changes in the trade area.
Real estate vs. business
Land and improvements, equipment and the going-concern value, reported separately.
When station owners call us
A lender, a buyer and the IRS each look at a station differently. We scope the report to the decision you face.
SBA & bank financing
Acquisitions, refinancing and change of ownership
Buying or selling
Price a listing or test a seller's numbers
Rebranding decisions
Compare supply offers and their effect on value
Partner buyouts
Fair value for buy-sell agreements
Estate & gift tax
Transfers to the next generation
Disputes & litigation
Divorce, partnership and insurance matters
Our process
Five steps, one clear report.
- 01
Intake call
Purpose, site and deadline. Fixed-fee proposal within [2] business days.
- 02
Documents
3 years of P&Ls and tax returns, fuel volume reports, supply agreement and tank records, via secure upload.
- 03
Site visit
Inspection of the forecourt, store, tanks and equipment, plus an owner interview.
- 04
Analysis
Income, market and asset approaches, reconciled into a conclusion of value.
- 05
Report & review
A written report your lender or attorney can rely on, and a call to walk you through it.
Inputs & outputs
What goes in. What comes out.
Send what you have. We'll tell you upfront if anything's missing, and you'll get a report your lender, attorney or the IRS can rely on.
What we'll ask for
Your documents
- Three years of profit & loss statements and federal tax returns
- Monthly fuel gallons by grade and fuel margin reports
- Inside sales reports by category (POS summaries)
- Fuel supply / dealer agreement, including incentives and term
- UST registration, compliance and monitoring records
- Any Phase I / Phase II environmental reports
- Equipment list (dispensers, canopy, coolers, car wash)
- Lease or deed, and real estate tax bill
Missing something? That's normal.
Upload securelyanalysis
What your report includes
Valuation report
Gas station valuation
- 01Conclusion of value allocated between real estate, equipment and business value
- 02Normalized earnings separating fuel and inside-sales profit centers
- 03Supply-agreement analysis, including incentive repayment exposure
- 04Comparable station sales and market multiples
- 05Assumptions, limiting conditions and qualifications of the analyst
Request a valuation
Tell us about the site.
Takes about 2 minutes. Nothing here is shared outside our firm.
What happens next
- We reply within 1 business dayWith a few questions about your situation
- You get a fixed-fee proposalScope, timeline and price within [2] business days
- You decideNo obligation and no pressure
FAQ
Common questions
Do you need environmental reports?
They help but aren't always required. If there are known tank or contamination issues, we account for them explicitly and flag what a lender is likely to ask for.
My cash sales aren't fully on the books. Can you still help?
We can only value income that can be supported by records. We'll tell you upfront how unreported sales affect what a buyer or lender will credit.
Does the brand or supply contract matter?
A lot. Remaining term, rebates and unamortized incentives can add to or subtract from value, and a buyer will price them in.
How much does it cost?
Fees depend on the number of sites and the purpose. You'll receive a fixed quote before any work begins. [Fee range]
Do you visit the site?
Yes, for most engagements. We look at the forecourt, store, tanks and equipment, and talk with you about how the site really runs.
Can you value several stations at once?
Yes. We can value a multi-site portfolio in one engagement, reporting each site separately and the portfolio as a whole, with a combined fee.
Own a hotel or another business too?
We also value hotels and small businesses, and can handle several properties in one engagement.