- Mar 18, 2003
- Professional Status
- IT Professional-Appraisal Related
Has anyone appraised an oil change facility? (ie: Quick Lube, Quaker State) So far, I have turned up a number of sales (all to owner-occupants), but no rental data. This type of property seems similar to a gas station or party store where an income approach could be applied based on a percentage of gross sales. In addition, it seems like gross sale levels (if I can get the numbers on the comps!) would be helpful in adjusting the sale comps. So...that's the direction I'm headed for now. Any comments would be appreciated. Thanks!