Buying a gas station: 3 environmental roadblocks (and how to remove them!)

Gas stations can make for a sound investment for someone interested in running a small business, but it’s also one of the most complicated sectors to navigate, not least because of the myriad environmental considerations.

Making a gas station compliant to national and state regulations can be an expensive process, so to make sure you don't get stung, here's a brief overview of what to look for before you buy a gas station.

Key environmental issues 

• Leakage: either from the underground storage tank (UST) or from the lines running from the tank to the pumps. 
• Spillage: can occur from tankers filling the underground tanks or a customer overfilling the tank of their vehicle. 
• Migration: when fuel leaks from another facility on to the property. 

Buyer beware 

Once the purchase is complete, the new owner assumes all responsibility.

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For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.