Plan to acquire c-stores and gas stations, starting from Florida.I plan to acquire c-stores, with and without gas stations, mainly in the South East, and will be headquartered in Orlando. I will select the businesses and have them evaluated by a company based in Ohio. They have expertise and capability in evaluating the businesses, doing due diligence, and checking legal requirements. They also ne
gotiate prices on behalf of the buyer. More information about their services can be provided later. As each of the businesses is contracted, the sites will be placed in the hands of a very experienced and capable management company, that is currently operating 5000 businesses. They will bring much better vendor pricing and terms as they are currently operating so many businesses, and will bring professional operational management. More information can be provided about this company. Proprietary Management and financial software will be installed at each site, in order to run and monitor the entire business. The cost of the hardware and software is met by the operating company as an overhead. I have personally had a demonstration of this software and was very impressed with its functionality. It allows real time monitoring of each site, which I will do regularly with staff at headquarter. If you would like more information on this product, I shall give you a link to their website. I have also spoken to a bank, and some lender intermediaries, who are willing to give 75% of the acquisition price. Thus, if you invest $5 million, I can get another $15 million. That would give me circa 60 businesses, which is a good start. My recommendation is that we do not distribute any profits until the loan is repaid. My estimates are that the capital and retained earnings would be a minimum of 6 times in as many years. I intend to buy your share at book value after 5 years for your exit strategy.
