These video clips illustrate from a variety of perspectives some of the current issues in the appraisal and valuation of convenience stores and gas stations.
NEW! ACCESS DEGRADATION is explored in two new videos: No. 8 and No. 9.
1. Development Process
Kelly Feil, an owner-operator, explains the development process for a new c-store. From site acquisition and zoning to oil company branding and exterior design requirements, this video illustrates the typical issues involved with a convenience store construction project.
2. Supply and Demand
A new, nationally-branded convenience store with a construction cost of over $1.5 million closed within the first two years after opening. Why? Robert Bainbridge explains how supply and demand in the local market can be measured to avoid this critical mistake.
3. Hypermarket Competition
The most devastating competitive development this decade is the story of one operator’s struggle to adjust to hypermarket (big box) competition. Hypermarkets, such as Walmart and Costco, are changing the way we buy gasoline. Dick Skewis looks for alternative profit centers in this video entitled, "Massacre."
5. A Business Appraiser’s Perspective
Business appraisals and real estate appraisals do not always use the same methodology. In this video, Paul Hyde presents a business appraiser’s perspective on the valuation of convenience stores and gas stations. Mr. Hyde is an expert business appraiser.
6. Retail Site Analysis
Amanda Barber, a Fellow of the Royal Institution of Chartered Surveyors and an expert in the valuation of petrol stations in the United Kingdom, in this video outlines the important factors to consider in retail site analysis.
7. Below-Cost Selling
What does a traditional c-store operator do when big box retailers are selling gasoline below his cost? Kelly Feil experienced this situation, and in this video, he describes his predicament and concern.
8. Access Degradation: Roundabouts
NEW! Although relatively new in the USA, roundabouts have been used in England for many years. Phillip Plato, a member of the Royal Institution of Chartered Surveyors in the U.K., explains how a petrol station in Hemel Hempstead, England, closed as a result of increased traffic volumes and congestion at a roundabout.
9. Access Degradation: Raised Medians
NEW! Raised medians are one of the most detrimental access impairments for gas stations. Sharon Grisham, a gas station manager, describes how a newly built median caused the closing of her store in Ontario, Oregon. This video was presented at the 2010 ALI-ABA “Eminent Domain and Land Value Litigation” conference.
