Does it have high-margin items like lottery tickets, tobacco, a deli/hot food section, or an ATM?
Don't just take the owner's word. Look at tax returns, P&L statements, and POS reports. Verify the "inside sales" (merchandise) vs. "outside sales" (gas).
High-visibility corners, proximity to residential hubs, or "commuter paths" are gold. how to buy a convenience store business
if you aren't buying the land, ensure the lease is long-term and transferable.
This is the most common way to fund the purchase, often requiring a 10–20% down payment. Does it have high-margin items like lottery tickets,
These can take months to transfer, so start early. Health permits: Essential if you serve prepared food.
Will you buy the real estate (the land and building) or lease the space? Owning the property adds a valuable asset but requires much more capital. 2. Search and Filter Verify the "inside sales" (merchandise) vs
If the store sells fuel, you need recent environmental reports (Phase I or II) to ensure no soil contamination. 6. Closing and Inventory