Gas, Convenience and Liquor Store, Bastrop

At $750,000 with the real estate included, this Bastrop site is the unusual one: a station where somebody has already spent the money.

• New roof and side panels. Electrical brought up to code this year. New water and sewer lines. Both air conditioning units replaced within the last year. Walk-in cooler about three years old.
• One pump with six dispensers, and no fuel contract in place.
• Two double door coolers, an ice maker and an ATM are already in.

Most stations at this price need thirty to a hundred thousand of work before they trade properly. This one does not, and the absence of that bill is a real part of what you are paying for.

Three things I would check before writing an offer

• The open fuel contract, which is an opportunity and a deadline. No existing supply agreement means you choose: go branded and get the image, the credit card program and the standards that come with them, or stay independent and keep the margin and the freedom. Both work. What does not work is arriving at closing without having run that decision to ground, because branded onboarding takes weeks and an independent supply line still needs a jobber who will deliver to Bastrop reliably.
• The liquor license, because it moves on its own timetable. TABC does not transfer with a handshake and it will not be hurried. Confirm the license type, whether it is in good standing, what the transfer path is and how long the local office is currently running. A station that cannot sell liquor for six weeks after closing is a different business from the one you underwrote.
• The tanks, even on a renovated site. New roof and new electrical tell you nothing about what is underground. Renovation money usually goes where it can be seen. Ask for tank age, material, the last tightness test and the leak detection logs, and read them with the same suspicion you would bring to a site that looked tired.

Who it fits

• A first-time owner-operator who wants to spend their capital on the business rather than on the building in year one.
• A buyer who has a view on branding and wants the freedom to act on it rather than inheriting a contract someone else signed.

Who it does not fit

• An absentee buyer. Bastrop at this size is a counter business and the owner is the counter.
• Anyone who has not started the TABC conversation before agreeing a closing date.

Financing

• This size sits comfortably inside SBA 7(a) and is among the most commonly funded small acquisitions in Texas.
• The lender will want the environmental review on the tanks and the site, and will ask about the fuel supply plan given there is no contract in place.
• Under the rules effective October 1, 2026 the equity injection is at least 10 percent of total project cost, with 504 lenders looking for 15 on special-purpose property.

Not a commitment to lend. Subject to lender underwriting. Terms vary by borrower.

Next step

Financials, the liquor license position and the tank records are released after a signed NDA is verified.