A convenience store with fuel pumps is really two businesses under one roof, and due diligence needs to cover both rather than treating the fuel operation as an afterthought to the retail store.
The checklist below groups items by which side of the business they affect.
Fuel-side diligence items
Confirm underground storage tank age, testing history, and any open environmental cases. Review the fuel supply or brand agreement's remaining term, exclusivity clauses, and any image loan balance that would need to be paid off or assumed.
Retail-side diligence items
Request category-level sales data for the convenience store, verify tobacco and lottery license standing, and review vendor agreements for exclusivity or minimum purchase requirements that would carry over to a new owner.
Shared and physical items
Walk the site for equipment condition, canopy and signage compliance, and confirm the lease or real estate title is clear of liens. For a full transaction framework, see how these items fit into a broader convenience store sale process.
Frequently Asked Questions
Speak With a Florida Gas Station Specialist
Request a confidential consultation or off-market opportunities and pricing through our contact page, or call +1-305-518-1545. The Gas Station Group is headquartered at 8603 S Dixie Hwy, Miami, FL 33143. Principal: Bobby Berrido.