Business Evaluations

The b2b Solutions team has completed evaluations of over 5,200 sites across the U.S. in the c-store industry. This includes over 20 chains ranging in size from 20 sites to some of the largest chains in the industry with over a dozen chains of 100 locations or more. Some examples include:

Several hundred sites across the U.S. for BLX, a Division of Allied Capital
Two well known chains in the Northeast
Four chains in the Mid-Atlantic / Southeast ranging in size from 40 to 200+ locations
Eight chains in the Midwest including a chain with less than 40 sites to one with several hundred
Eight chains in the Southwest ranging in size from less than 50 sites to more than 500
Two Western chains with several hundred stores each

These evaluations were used by management to determine a strategic course of action, by both buyers and sellers to determine market value, and by companies seeking to recapitalize their businesses including sale-leaseback. This also included working with companies to determine the impact of selling location by location or the company in total. Their operations have included, but not been limited to, the following:

c-stores with and without foodservice and car washes

company owned and operated
company operated leased sites
company owned and/or leased and dealer operated
company owned and/or leased consignment dealer operated
company owned and franchised operated

truckstops

These evaluations were built on top down and bottom up store by stores bases. The items considered by the b2b Solutions team included, but were not limited to, the following:

Were the sites owned or leased
If leased, what were the terms of the lease
Two to three years' store level and trailing 12 months' EBITDA
Potential add backs to EBITDA
Trends – sales, margins, EBITDA and other KPI’s
Capex requirements
Known and likely future competitive set

b2b Solutions c-store evaluation team is headed by Avry Davidovich, Ph.D. He has over 30 years experience in the c-store industry including being CEO of a publicly traded company.

For more information on b2b Solutions evaluation services, click here.
For additional information on Avry's business history, click here.

Business Evaluations — Testimonials

To read feedback from NRC Capital Advisors, click here.
To read feedback from Corner Capital, click here.