How do I keep my gas station running well while it’s for sale?
Keep fuel supply on its usual pattern, keep pumps, price sign, card readers and the car wash working, keep tank readings and service visits current, keep staff steady, and book buyer site visits around fuel deliveries. A buyer reads the forecourt as it runs, so the last months of ownership matter.
A gas station on the market is still a working forecourt, and buyers and lenders watch it closely. A pump that is out of order on the day of a viewing is noticed. The aim is simple: run the site the way you would if you were staying, and keep the records that show it.
Keep fuel supply on its normal pattern
Do not stretch deliveries or drop a grade to save cash while you are listed. Buyers compare what the books show with what they see at the pumps, and sudden changes raise questions. Meet your supply commitments, and talk to your lawyer about when to tell the supplier, as covered on the fuel supplier page.
Keep the forecourt equipment working
Pumps, the price sign, card readers, lighting and the car wash all get tested by a visiting buyer, sometimes without saying so. Fix small faults promptly and keep a service log. Keep the pumps and the washrooms clean for viewings.
Keep the paperwork current
Tank readings, inspection visits and service records should be up to date and easy to find. A buyer who sees a tidy binder is more willing to trust the rest. The visiting a gas station page shows what they will look for.
Keep staff steady and schedule viewings
Staff leaving during a sale worries buyers. Tell the team what you can, when you can, and keep schedules and pay as usual. Book site visits for quieter hours, and avoid delivery times, when the forecourt is crowded and trucks block the pumps. The convenience store version covers the shop side.
Related reading
12 pages on the same subject, grouped by topic.
Selling
- Expert answerHow do I prepare my gas station for the handover to a buyer?
- Expert answerWhen should I tell my fuel supplier I am selling my gas station?
- Expert answerHow do I keep a convenience store running smoothly while it is for sale?
- Expert answerHow should I present fuel, store and car wash income when selling my gas station?
- Expert answerWhat will a buyer’s lender want to know about my gas station?
- Expert answerHow can I make my convenience store less dependent on me before selling?
- GuideSelling a convenience store in Canada
- Expert answerWhat costs come with selling a convenience store?
- Expert answerHow do I show a buyer that my dry cleaner’s presses and conveyor are well maintained?
Buying
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 02Business Development Bank of CanadaGovernmentWhat is inventory
- 03Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
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