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Chalanachithram.com DB » TF Industry related » Archive through November 04, 2008 » GAS station basics ... calling T_I and other experts « Previous Next »

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True_indian
Comedian
Username: True_indian

Post Number: 1709
Registered: 01-2008
Posted From: 75.176.121.99

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Posted on Tuesday, November 04, 2008 - 10:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mrhyderabad:

ante ippudu konni stores 250K ani list chesaaru website lo... so antha cash vundaala? I thought 20% down should be ok...



nope, general the deal wil be 250K+ inventory in your example

inventory need to be paid at the time of closing

for goodwill 250k sometime owners or sellers will finance some part of it not 80% most of the cases they dont
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Mrhyderabad
Junior Artist
Username: Mrhyderabad

Post Number: 105
Registered: 01-2008
Posted From: 76.124.219.90

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Posted on Tuesday, November 04, 2008 - 08:39 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


True_indian:

its depends, dont count on loans these days




ante ippudu konni stores 250K ani list chesaaru website lo... so antha cash vundaala? I thought 20% down should be ok...
I am going to Vote for Chiru...
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Mrhyderabad
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Username: Mrhyderabad

Post Number: 104
Registered: 01-2008
Posted From: 76.124.219.90

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Posted on Tuesday, November 04, 2008 - 08:37 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Time_pass:

Iyana POST sarigga choodu boss.




oops... quote anukoni confuse ayya...


Thanks T_I mama... few more questions in next post
I am going to Vote for Chiru...
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Time_pass
Junior Artist
Username: Time_pass

Post Number: 51
Registered: 06-2008
Posted From: 97.106.168.227

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Posted on Tuesday, November 04, 2008 - 06:03 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

//
anni questions adigithe okka answer icharu...
//

Iyana POST sarigga choodu boss.
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Mrhyderabad
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Username: Mrhyderabad

Post Number: 102
Registered: 01-2008
Posted From: 76.124.219.90

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Posted on Tuesday, November 04, 2008 - 05:02 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


True_indian:

always c-stores makes money




thanks guru ji.

anni questions adigithe okka answer icharu...
I am going to Vote for Chiru...
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True_indian
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Username: True_indian

Post Number: 1706
Registered: 01-2008
Posted From: 75.176.121.99

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Posted on Tuesday, November 04, 2008 - 03:53 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mrhyderabad:

but you should NOT do any work... whether paid or not.



evady cheppadu babu, you can work for urself but cant run payroll
how many desis have consulting companies on h-1
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True_indian
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Username: True_indian

Post Number: 1705
Registered: 01-2008
Posted From: 75.176.121.99

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Posted on Tuesday, November 04, 2008 - 03:52 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mrhyderabad:

1. Is this a good time to get into gas stn biz? (at this gas prices, economy etc)
Yes, with lower gas prices you make better margin, today my cost is 2.00, selling price is 2.41
2. Risk factor entha vuntundi?
Any business has risk
3. Do we need to work there every day to ensure success?
yes and no, depends on how to set it up, i havent been to one of my stores in 8months, physically i havent visited the store in literally 8 months, everything is done over the phone, other stores i go every day one or twice

4. H1 meeda vunnavaallu trusted friends name tho run cheyochaa?
you can run on your name, no need for GC, you can open LLC or c-corp
if it makes money you cant take out without any problem.
I will tell you how to do that(ante commission ivvali anuko, j/k)

5. Entha % cash down cheyyali usual ga.... for biz loan?
its depends, dont count on loans these days

6. I heard that it is difficult to get loan for gas station. Is it true?
yes unless you have exp

7. Gas stn with c-store vs Gas station with car wash lo edi better in terms of profit and administration.



always c-stores makes money, car wash make very less, i dont have single car wash in my 4 stores
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Basky_indya
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Username: Basky_indya

Post Number: 12306
Registered: 10-2007
Posted From: 65.30.78.134

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Posted on Tuesday, November 04, 2008 - 03:26 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mrhyderabad:


if u have ead, parttime work can be allowed.
mY Telugu Divine www.gurugeetha.blogspot.com
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Mrhyderabad
Junior Artist
Username: Mrhyderabad

Post Number: 101
Registered: 01-2008
Posted From: 167.230.38.118

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Posted on Tuesday, November 04, 2008 - 03:25 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mallik:

So?? You can own a business. But you cannot be on that business's payroll. You can always enjoy the profits..




I know. You can ONLY own a biz... but you should NOT do any work... whether paid or not.

even if we work.... evaru vachi choodaka povachu... but legally you can't even take out the trash from the store... b'coz it is considered as WORKING for it. (This is what i learned from murthy and other immigration websites)
I am going to Vote for Chiru...
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Mallik
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Username: Mallik

Post Number: 580
Registered: 10-2008
Posted From: 69.27.233.254

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Posted on Tuesday, November 04, 2008 - 03:08 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mrhyderabad:

i am still on h1 mama


So?? You can own a business. But you cannot be on that business's payroll. You can always enjoy the profits..
In this db, there's always someone watching you!!
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Mrhyderabad
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Username: Mrhyderabad

Post Number: 100
Registered: 01-2008
Posted From: 167.230.38.118

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Posted on Tuesday, November 04, 2008 - 03:06 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mallik:

trusted friends name tho run cheyyaalsina pani endi? nee peru meeda pettuko




i am still on h1 mama
I am going to Vote for Chiru...
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Mallik
Junior Artist
Username: Mallik

Post Number: 575
Registered: 10-2008
Posted From: 69.27.233.254

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Posted on Tuesday, November 04, 2008 - 02:46 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Hyd tammi.. ainaa nuvvu trusted friends name tho run cheyyaalsina pani endi? nee peru meeda pettuko.. anthagaa kaavalsosthe trusted frnd ni panjepichhuko morning session..
In this db, there's always someone watching you!!
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Telugu_times
Side Hero
Username: Telugu_times

Post Number: 9424
Registered: 02-2008
Posted From: 40.0.40.10

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Posted on Tuesday, November 04, 2008 - 02:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

I am going to Vote for Chiru...>>

will you go to india on the voting day
or
your friend will vote for you?
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Mrhyderabad
Junior Artist
Username: Mrhyderabad

Post Number: 99
Registered: 01-2008
Posted From: 167.230.38.118

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Posted on Tuesday, November 04, 2008 - 02:43 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mallik:

Business la dostaan ni namminodu baagupadale..






btw, thanks for the info
I am going to Vote for Chiru...
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Telugu_times
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Username: Telugu_times

Post Number: 9421
Registered: 02-2008
Posted From: 40.0.40.10

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Posted on Tuesday, November 04, 2008 - 02:34 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Mr.Hyd

The best bet for gas station is always the poor neighborhood. You dont earn much in selling gas, but the profit margin is almost 100% in the junk that you sell in gas station like sigarets, coca cola, chips, candies and what not.
In rich neighbourhoods, people dont even enter into actual stores, they just get the gas from the pump and move on. Whereas in poor neighborhoods, they go inside and buy lots of junk food and junk items.
ofcourse, poor neighborhoods lo, koncham risk kooda untadhi.
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Mallik
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Username: Mallik

Post Number: 573
Registered: 10-2008
Posted From: 69.27.233.254

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Posted on Tuesday, November 04, 2008 - 02:31 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

1. Is this a good time to get into gas stn biz? (at this gas prices, economy etc)
A. Nee deggara paisal unte anytime is good time.

2. Risk factor entha vuntundi?
A. As with any business risk factor chaalaa factors meeda depend ayyi undi. But entha kashtapadithe antha takva risk.

3. Do we need to work there every day to ensure success?
A. To ensure success, MUST gaa work cheyyaale atleast first year..

4. H1 meeda vunnavaallu trusted friends name tho run cheyochaa?
A. Business la dostaan ni namminodu baagupadale..

5. Entha % cash down cheyyali usual ga.... for biz loan?
A. Entha ekva down chesthe antha manchi interest rate ostadi..

6. I heard that it is difficult to get loan for gas station. Is it true?
A. Naaku telvadi..

7. Gas stn with c-store vs Gas station with car wash lo edi better in terms of profit and administration.
A. C-store better ani naa opinion.
In this db, there's always someone watching you!!
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Basky_indya
Hero
Username: Basky_indya

Post Number: 12288
Registered: 10-2007
Posted From: 65.30.78.134

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Posted on Tuesday, November 04, 2008 - 02:27 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

True_india mail: ramayada@gmail.com ki contact seyyi
mY Telugu Divine www.gurugeetha.blogspot.com
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Mrhyderabad
Junior Artist
Username: Mrhyderabad

Post Number: 97
Registered: 01-2008
Posted From: 167.230.38.118

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Posted on Tuesday, November 04, 2008 - 02:26 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

T_I brother and other experts... konchem light veyyandi ..

GAS station biz basics:

1. Is this a good time to get into gas stn biz? (at this gas prices, economy etc)
2. Risk factor entha vuntundi?
3. Do we need to work there every day to ensure success?
4. H1 meeda vunnavaallu trusted friends name tho run cheyochaa?
5. Entha % cash down cheyyali usual ga.... for biz loan?
6. I heard that it is difficult to get loan for gas station. Is it true?
7. Gas stn with c-store vs Gas station with car wash lo edi better in terms of profit and administration.

thanks in advance.
I am going to Vote for Chiru...

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