An independent Gas Station Feasibility Study evaluating a major-brand gas station expansion in Mountain Home, Idaho.
MOUNTAIN HOME, Idaho — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Gas Station Feasibility Study in Mountain Home, Elmore County, Idaho.
Wert-Berater served as independent feasibility consultant to the lender and CDC. Party names are withheld consistent with the confidential nature of underwriting and capital-advisory work; figures represent the project as evaluated at the study date.
Feasibility study of a proposed SBA-financed expansion at an established major-brand fuel site in Mountain Home, Elmore County — razing a structure dating to 1962 and constructing a new 2,200-square-foot convenience store to capture inside-sales margin at a location whose fuel business is already proven. Stabilized Year 1 operations are projected at approximately $4,200,000 in revenue and approximately $246,000 of net operating income, confirming that the core business is viable before the expansion premium is counted.
The budget allocates $1,200,000 to the new convenience store building — 82.8 percent of total project cost, or $545 per square foot — a concentration the study defended explicitly: inside sales, not fuel, generate the majority of gross margin, so directing capital to the dominant revenue driver is the correct underwriting posture. SBA and lender fees of $85,000 represent a conservative 5.9 percent of cost for a multi-party 504 structure, and $120,000 of initial working capital — 8.3 percent — sits inside the five-to-ten percent range lenders treat as reasonable without overcapitalization.
An SBA 504 loan of $1,235,000 amortized over 25 years at an assumed 10.75 percent interest rate against $1,450,000 of fixed, known, and fully funded project costs, producing annual debt service of approximately $142,582 covered at 1.73x from initial stabilized operations.
The discipline in this study was scale honesty: the pro forma deliberately does not project demand beyond what is feasible within a neighborhood-scale convenience format, the 10.75 percent rate assumption builds in rate stress rather than optimism, and the sensitivity analysis tested whether the business as it exists — not as it might become — sustains the proposed debt. Coverage at 1.73x initial, improving thereafter, answered the question affirmatively under SBA SOP 50 10 underwriting standards.
Wert-Berater, Inc. is an independent feasibility study consulting firm founded in 1998, providing lender- and agency-facing feasibility studies, highest-and-best-use analyses, and capital-advisory support. The firm has completed more than 4,000 engagements across all 50 states and internationally, evaluating over $40.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. In every engagement, fiduciary duty runs to the lender and the applicable agency.
Media contact: Donald Safranek, MSc, President, Wert-Berater, Inc. — +1 310-857-2443 ext. 800. Press inquiries only; client, lender, and property identities remain confidential.
President, Wert-Berater, Inc. — independent feasibility study consultants since 1998. More than 4,000 feasibility studies completed across all 50 states and internationally, evaluating $40.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. Fiduciary duty runs to the lender and agency in every engagement.
+1 310-857-2443 ext. 800 · email · 1968 South Coast Hwy, Ste 2382, Laguna Beach, CA 92651 · 111 Town Square Pl Ste 1238 PMB 657834, Jersey City, NJ 07310 · 539 W. Commerce St #8486, Dallas, TX 75208
Schedule a ConversationIndependent feasibility studies since 1998 — 4,000+ engagements, $40.2 billion in evaluated project value. Standard delivery in 10 to 15 business days. Fiduciary duty to the lender and agency.