1. Octaned operates a marketplace, not a brokerage
Octaned (“we,” “us”) provides software that allows owners of gas station and convenience-store businesses to publish listings, allows prospective buyers to review those listings under non-disclosure agreements, and provides a closing-room workflow for parties and their advisors.
We do not:
- Represent buyers or sellers as their agent or fiduciary;
- Negotiate transaction terms on behalf of any party;
- Provide opinions of value, appraisals, or business valuations;
- Hold escrow funds, earnest money, or take custody of any documents required to consummate a closing (deeds, titles, purchase agreements);
- Provide legal, tax, accounting, environmental, or financial advice;
- Receive a commission, percentage, or success fee on any transaction. Our only fee is the flat $50 listing fee paid by sellers; see pricing.
2. You should retain your own professionals
Buying or selling a gas station is a complex transaction with legal, tax, environmental, and financing implications. Independent representation is strongly recommended. Octaned is not your attorney, broker, or accountant, and nothing on the platform substitutes for engagement of those professionals.
If you don't already have a closer, Octaned can introduce you to a vetted attorney, accountant, environmental consultant, or escrow officer through our network — see the “Find me one” option on any deal page. The closer you ultimately engage represents you, not Octaned, and is responsible for their own conduct and fees.
3. State-specific notices
3.1 California
Octaned is not licensed by the California Department of Real Estate or California Bureau of Real Estate Appraisers. Listings of business opportunities (sometimes called “business opportunity listings”) on Octaned are published by sellers directly. If you are buying or selling a business in California, consult a licensed broker, attorney, or CPA familiar with Cal. Bus. & Prof. Code § 10131 et seq.
3.2 Texas
Octaned is not a real-estate or business broker licensed by the Texas Real Estate Commission or Texas Department of Licensing and Regulation. We do not provide brokerage services as defined in Tex. Occ. Code Chapter 1101.
3.3 Florida
Octaned is not licensed by the Florida Real Estate Commission. Business-opportunity sales conducted via Octaned are between seller and buyer; no Octaned employee is a licensed broker or sales associate under Fla. Stat. Chapter 475.
3.4 Other states
Many states regulate business brokerage, real-estate brokerage, or both. The same disclaimer applies in every U.S. state and territory: Octaned is software, not a broker, and we do not hold or claim a brokerage license in any jurisdiction. If your state requires a licensed broker for the type of transaction you're contemplating, retain one.
4. Petroleum-specific considerations
Branded gas stations operate under fuel-supply agreements that are subject to the federal Petroleum Marketing Practices Act (PMPA, 15 U.S.C. §§ 2801–2806). The PMPA imposes notice and good-cause requirements on franchise terminations and non-renewals. Sale of a branded station may trigger your supplier's right of first refusal or assignment-approval rights under your supply agreement.
Sellers are encouraged to disclose ROFR and supply-exclusivity terms in the disclosure questionnaire so buyers understand the encumbrance prior to investing in due diligence. Octaned does not interpret or enforce supply agreements; that is between you, your supplier, and your attorney.
5. AS-IS and no warranty
All listings and information provided through Octaned are provided as is without warranty of any kind, express or implied. Buyers must independently verify all financial, environmental, regulatory, operational, and title-related information before completing a purchase. See section 7 of our Terms & Conditions.
6. Contact
Compliance questions: legal@octaned.us.