Practical writing for buying and selling gas stations.
Short, opinionated pieces on due diligence, UST compliance, deal structure, and discretion. Written by Octaned for buyers and sellers who want fewer surprises at closing.
- Apr 30, 20267 min
When to walk away from a gas station deal
Six concrete dealbreakers worth more than the time it takes to write a counter — environmental disclosures, missing UST docs, ROFR ambiguity, and how to spot them before due diligence eats six weeks.
buyingdue diligence - Apr 29, 20268 min
What's a fair multiple for a gas station?
Multiples on adjusted EBITDA range from 2.5× to 5× depending on real-estate ownership, fuel volume, branded vs unbranded, and inside-store mix. A practical framework for triangulating a defensible asking price.
valuationsellingbuying - Apr 26, 20266 min
Selling your station without telling your employees first
Why traditional broker listings leak, what an NDA-gated marketplace actually protects you from, and a practical playbook for keeping a sale process quiet through closing.
sellingdiscretion - Apr 19, 20267 min
The UST compliance checklist every buyer should demand
Underground storage tank documentation is where deals quietly die. Here's the ten-document list that separates a clean station from one with a six-figure remediation surprise.
environmentaldue diligence - Apr 12, 20269 min
How to read a gas station's P&L (without getting fooled)
What to look for line-by-line in a station's profit and loss statement — fuel margin compression, inside-store mix, embedded labor, and the three numbers that separate a real business from a tax-loss vehicle.
buyingdue diligence