What Is The Current Market Activity?
Are Deals Still Being Done?
When the crisis first began and state closed their economies, we saw many c-store companies pull back on expansion and acquisition plans. Proposed construction projects were put on hold or canceled. Search for new sites was halted and many deals at the initial stages of negotiation were scuttled.
Post-COVID Future of C-Stores & Gas Stations
What Are The Long-Term Impacts?
First off, where have we been? We saw fuel volumes plummet to about 40-50% of normal volumes but now most places have seen a rebound to 80-90% of normal. Convenience store sales similarly fell but now, in many stores, they have regained much of the ground they lost. In some cases, they are doing better than ever.