Transaction Overview — Naples, Florida
Local operator Jay Shehadeh acquired the gas station business at 20018 Tamiami Trail East in Naples as part of his expansion. Bobby Berrido, CCIM, CMAA, of The Gas Station Group at Fausto Commercial worked with the seller and buyer. The completed sale included the operating business and its assets, with the buyer signing a new lease with the property owner. The sale price remains undisclosed.
Transaction insights provided by Bobby Berrido, CCIM, CMAA, of The Gas Station Group at Fausto Commercial.
Property Facts
- Address
- 20018 Tamiami Trail East, Naples, FL
- Market
- Naples, Collier County
- Asset type
- Gas Station
- Our role
- Worked with buyer and seller
- Structure
- Business only; real estate excluded
- Sale price
- Undisclosed
- Status
- Closed
- Counterparty profile
- Buyer: Jay Shehadeh, local operator expanding
A Retiring Operator Sells the Business
The seller wanted to retire. The sale transferred the operating business and its assets, including equipment, inventory and goodwill. The land and building were excluded.
A Local Buyer Looks to Expand
Jay Shehadeh was a local operator looking to expand. The opportunity was publicly marketed, and the parties were sourced through cold calling. Bobby worked with both sides of the transaction.
Handwritten Records Complicate Verification
The seller maintained handwritten records, which made financial verification challenging.
A New Lease Supports the Acquisition
The buyer signed a new lease with the property owner. No fuel supply agreement was involved. The business sale took approximately 40 days from contract to closing.
Business-Only Sales Have Their Own Documentation Needs
This sale separates the operating business from the property. For a business-only acquisition, the business records, assets included and arrangements for occupying the premises matter directly to what the buyer is acquiring. The price remains private.
Considering selling a gas station business without the real estate? Discuss the business assets, available records and lease arrangements with Bobby. Plan a business-only gas station sale.
Related Market Pages
- Gas stations for sale in Naples, Florida
- Gas stations for lease in Naples, Florida
- Collier County gas station market hub
- Related broker service page