Gas Station with Convenience Store
Where the real money is made inside, not at the pump
Bottom line
Worth studying, but do not buy without strong local proof.
Gas stations with convenience stores combine fuel sales with high-margin retail, food, and beverage sales. The convenience store is where the real profit lives — cigarettes, drinks, snacks, and prepared food carry 30-50% margins compared to 5% on fuel. This is the more profitable evolution of a basic gas station.
Avg Revenue
$2.0M
Profit Margin
11%
Acquisition Multiple
3x - 4.5x
Startup Cost
$500K - $2.0M
How It Works
Fuel brings customers in, and the convenience store converts them into higher-margin purchases. In-store items like beverages, tobacco, lottery, and prepared food drive 60-70% of total profit despite being a fraction of total revenue. Successful operators optimize store layout and product mix relentlessly.
Revenue Range
BizBite underwriting snapshot
Pass for now
Gas Station with Convenience Store has enough high-level data for a first look, but BizBite has not assigned a category-specific operating model yet. Treat the score as preliminary.
Category-level fit before lender-specific diligence.
Weak source data caps the final score.
Why it may work
- +SBA dataset shows 2 recent comparable loans
Be careful
- !Source link status has not been verified yet
- !No last-checked date yet
- !No category operating model yet
- !No category model yet
- !Thin margin profile
Real Acquisitions in This Category
SBA 7(a) change-of-ownership loans · NAICS 447110 · Gasoline Stations with Convenience Stores
Deal Size Distribution
Deal Flow Over Time
Financing Profile
Recent Comparable Deals
| Closed | State | Loan | Implied deal |
|---|---|---|---|
| Mar 2026 | GA | $4.2M | $4.9M |
| Jun 2024 | GA | $3.2M | $3.8M |
| Jun 2023 | WA | $5.0M | $5.9M |
| May 2023 | MT | $886K | $1.0M |
| Apr 2023 | MN | $777K | $915K |
| Oct 2022 | WA | $2.2M | $2.6M |
| Oct 2022 | WA | $4.7M | $5.6M |
| Sep 2022 | WA | $1.5M | $1.8M |
| Sep 2022 | CO | $495K | $582K |
| Jun 2022 | OR | $2.8M | $3.3M |
Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.
Pros
- +Blended margins much higher than fuel-only stations
- +Captive high-traffic customer base for in-store sales
- +Multiple revenue streams (fuel, retail, food, services)
- +Strong asset value in real estate and equipment
Cons
- -Complex operations requiring inventory management and staffing
- -Higher labor costs (6-12 employees across shifts)
- -Environmental liability from underground fuel tanks
Best For
Experienced operators who can manage retail complexity at scale
Operating Costs
Major costs include fuel inventory, retail COGS, labor (largest controllable expense), utilities, insurance, and environmental compliance.
SBA Financing Estimator
Adjust the deal — see if it cash flows after debt service
Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.
Where to Buy
Find gas station and convenience store combo businesses
Search for convenience stores with fuel operations
Commercial properties including gas station/c-store combos
Acquisition Score
Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.
Quick Facts
- Category
- physical
- Difficulty
- 4/5
- Buy price
- $6.0M–$9.0M
Buyer's Toolkit
Essential tools to get started
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Largest business-for-sale marketplace in the US
SBA loans and business acquisition financing — get funded fast
ROBS financing — use retirement funds to buy a business tax-free
Bookkeeping for small business owners — hands-off financials
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