Marblemont Lenders, a small-business funding service in Sherman, Texas, explains gas station and convenience store funding: what buying a station involves, loans to buy or build one, inventory financing for fuel and store stock, and equipment. Grayson County counts for gasoline stations and convenience stores come from the Census Bureau.
At a glance
- Gasoline stations, Grayson County, TX
58 employers, 589 employees (CBP 2023)
- Convenience stores without fuel
21 employers (CBP 2023)
- Stations with convenience stores (NAICS 447110)
53 of the 58 (CBP 2023)
A station's cash runs through fuel and the store
Fuel deliveries can be large and supplier terms short, while the store's stock turns over at its own pace. Card processing costs come out of every sale. A station owner's funding questions therefore split three ways: the property and business itself, the fuel and store inventory, and equipment such as pumps, tanks, coolers and point-of-sale systems.
How Much Does It Cost to Buy a Gas Station in Texas? Notes for Sherman, TX Owners
No price can be quoted here; it depends on what is being sold. A purchase may include the land and building, or only the business on leased land; the fuel supply agreement and any brand obligations; the equipment; and the inventory at closing, counted separately. Two stations at the same corner price can be very different deals once those pieces are listed.
- Real estate, if included, or the lease terms if not
- The business itself: earnings from fuel and in-store sales
- Equipment: dispensers, tanks, canopy, coolers, systems
- Inventory at closing, counted and priced separately
- The supply contract for fuel and how many years it has left
How to Buy a Gas Station: The Grayson County, TX Version
- Get three years of the seller's tax returns, fuel volume and in-store sales records.
- Read the fuel supply agreement: term, pricing and what happens on a sale.
- Have the tanks and environmental records reviewed by a qualified professional.
- Agree the price and what it includes, with inventory counted at closing.
- Arrange funding for each piece: purchase, equipment, opening inventory.
How to Get a Loan to Buy a Gas Station: A Grayson County, TX Checklist
A purchase that includes the land is commercial real estate, which Marblemont does not arrange. A purchase of the business on leased land, the equipment and the opening inventory can be funded with a term loan, equipment financing and inventory financing. Partners read the seller's records, the buyer's experience and credit, and the fuel agreement.
Can You Get a Business Loan to Buy a Gas Station? What Grayson County, TX Owners Should Know
Yes, for the business side of the purchase. A partner will want to see that the station's earnings cover the new debt after the buyer's own costs, and that the buyer has some of their own money in the deal. A seller who carries part of the price on a note reduces what has to be funded at closing.
Can You Get a Loan for a Gas Station in Sherman, TX?
For an operating station, the common requests are equipment (a new dispenser, a cooler, a point-of-sale upgrade), a store remodel and inventory. Each is its own shape. Environmental and tank compliance is regulated, and partners may ask about it; questions about the rules belong with the state agency and a lawyer.
How to Get a Loan to Build a Gas Station: Notes From Sherman, TX
Building a station is a land and construction project before it is a store, and construction lending for a new building is outside what Marblemont arranges. The business pieces of a new station (equipment, opening inventory, working capital for the first months) are within it. Price them separately from the building, and confirm zoning and permits with the City of Sherman or the county before committing.
How to Get a Loan for a Gas Station Around Sherman, TX
Illustration only, invented figures: a buyer agrees $650,000 for a station business on leased land, with equipment included and inventory counted at closing. The buyer brings $120,000, the seller carries $100,000, and $430,000 is the purchase amount to request ($650,000 - $120,000 - $100,000 = $430,000). Opening inventory of $55,000 is a separate inventory request.
Reading the fuel supply agreement before you borrow
A branded or unbranded supply agreement sets who supplies the fuel, how it is priced, how long the agreement runs and what happens when the station is sold. Some agreements include incentives that must be repaid if the station leaves early. A partner funding a purchase will read it, because the agreement shapes the station's fuel income for years. Have counsel review it before closing, and bring the signed copy to the funding request.
Grayson County, TX fuel stations and convenience stores in census counts
Gasoline stations (NAICS 4471) had 58 employer establishments in Grayson County in 2023, 53 of them stations with convenience stores, with 589 employees and $15.6 million in payroll; 36.2% had fewer than five employees. By our arithmetic that is about 10.2 employees per station. Convenience stores without fuel (NAICS 445120) had 21 employers and 82 employees. Together that is 79 locations by our sum of the two codes. Of those stations, 18 were in ZIP 75090 (ZBP 2023).
Related pages: retail, auto repair and all industries. County figures for fuel retail and more are on the Sherman, TX page.
By Marblemont Lenders · Updated