Wert-Berater, Inc. — Independent Feasibility Study Consultants
Press Release · Travel Center & Freight · California

Wert-Berater, Inc. Completes Truck Stop Feasibility Study in Delhi, California

An independent Truck Stop Feasibility Study evaluating a major-brand truck stop: 4,000 SF c-store with gasoline and diesel canopies on 6 acres in Delhi, California.

Truck stop fuel plaza
Wert-Berater, Inc. Completes Truck Stop Feasibility Study in Delhi, California

For Immediate Release · 2025-01-15

Asset class
Travel Center & Freight · California
Program
SBA-Backed Debt
Evaluated value
$13,500,000
Study conclusion
FEASIBLE — all five determinations affirmative: economic, technical, market, financial, and management
Location
Delhi, California, Merced County
Completed
2025

DELHI, California — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Truck Stop Feasibility Study in Delhi, Merced County, California.

Wert-Berater served as independent feasibility consultant in connection with the project’s financing. 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.

Project Summary

Proposed development of a major-brand truck stop on a 6-acre parcel at the southeast corner of CA-99 and Shanks Road in Delhi, Merced County — a 4,000-square-foot convenience store with a 4,000-square-foot gasoline canopy and a 3,000-square-foot diesel canopy serving the Golden State Highway truck corridor between the Bay Area and Southern California. Year 1 sales are projected above $61,000,000, growing three percent annually, with total revenues exceeding $60,000,000 at stabilization.

What the Project Included

The market analysis was built on corridor truck-traffic counts along CA-99, a captive and diverse demand base with limited direct competition in the immediate trade area, and seasonality patterns specific to Central Valley freight movement. Fuel gross margins were set at the ten percent industry standard, the technical analysis confirmed soils, grading, and drainage suitable for cost-effective construction, and a Phase I Environmental Site Assessment completed under CEQA returned no recognized environmental conditions.

Capital Structure

Financing through a combination of equity and long-term SBA-backed debt at a conservative loan-to-value ratio, with annual debt service of $675,000 covered by projected EBITDA at better than 4.0x in every projection year — coverage headroom that holds under the cost-inflation, competition, and margin-compression scenarios tested.

Feasibility Study Challenges

High-revenue, thin-margin fuel retail lives on the margin line, so the sensitivity analysis concentrated there: per-gallon margin reduction scenarios, competitive entry, and economic-cycle stress all left debt service comfortably covered, and no adverse scenario tested threatened the ability to meet obligations. The remaining work identified by the study is execution — finalizing the SBA-backed financing structure and phasing staffing to actual traffic capture as the site ramps.

About Wert-Berater, Inc.

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.

About this release. This announcement summarizes a completed, independent Wert-Berater engagement. Details have been anonymized to protect client and lender confidentiality; no borrower, lender, or property is identified. Figures reflect the project as evaluated at the study date.
Donald Safranek, MSc — President and feasibility study consultant, Wert-Berater, Inc.
Donald Safranek, MSc

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

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