Follow these points in the development of the agreement for the development of a comprehensive document: in most countries, the cost of building a small to medium-sized gas station can be about $2.5 million. Buying fuel reserves and making them fully operational can generate an additional $500,000 to $1 million. If you have any questions about this, please contact Bouwe Bos. The maintenance, maintenance or acquisition of a gas station is of commercial and financial importance. Towards the end of the lease term, there are opportunities and risks for the tenant, the landowner and competing fuel suppliers. It poses problems like: a gas station buys gas on a wholesale market at about 10-20% less than the market price. But after paying wages, taxes and other fees, they make only a few cents per gallon of gas. According to the National Association of Convenience Stores, a gas station makes a profit of 3 cents per gallon of gas sold. The numbers are a little different according to the U.S. Energy Information Administration – at 7-10 cents per gallon.
Compliance with the service station`s technical equipment requirements; In general, a gas station lease contains a section out of what happens in the event of an infringement or late payment by one of the parties. If the taker commits the offence, the lessor can take possession of the premise, sue the tenant, terminate the tenancy agreement or give the tenant more time to fulfill the obligation. The breach of contract clause contained in the agreement may also include a predetermined amount paid by one party to another party as damages or penalties. Constant revenues in the form of a fixed lease or margin allocation; The purpose of the agreement is to define the rights and obligations of the lessor and the lessor so that they are legally enforceable in court. The agreement protects both parties and serves as a record of what is agreed in terms of consideration, operation, management, termination and other important clauses.
