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 4,000+ engagements across all 50 states and internationally, evaluating over $41.2 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. 4,000+ engagements completed across all 50 states and internationally, evaluating $41.2 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.
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Schedule a ConversationIndependent feasibility studies since 1998 — 4,000+ engagements, $41.2 billion in evaluated project value. Standard delivery in 10 to 15 business days. Fiduciary duty to the lender and agency.
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Wert-Berater, Inc. is an independent provider of feasibility studies and other related services. The firm does not provide financing or equity investment advice, and does not arrange, broker, or place debt or equity capital of any kind.
All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.