A pizza oven and plug-in coolers can share one equipment request. Motor oil, chargers and other shelf goods that turn within weeks suit inventory financing or a short card-sales advance.
At a glance
- Gasoline stations, ZIP 93230
16 employer establishments (ZBP 2023)
- Gasoline stations with fewer than five employees, Kings County, CA
13 of 41, 31.7% (CBP 2023)
- Paid employees at gasoline stations, Kings County, CA
356 (CBP 2023, March pay period)
- Convenience stores, Kings County, CA
18 employer establishments (CBP 2023)
Hot Food at the Counter: A Countertop Pizza Oven for a Hanford, CA Station Store
An invented station store in Hanford, CA sells packaged food and drinks but nothing hot. The owner wants to add pizza by the slice and make room for it by moving snacks onto freestanding racks, and adds two plug-in upright drink coolers to the same request so the drink aisle keeps up with the food counter.
| Item | Invented quote |
|---|---|
| Countertop pizza oven | $6,265 |
| Freestanding snack racks | $2,360 |
| Two plug-in upright drink coolers | $7,170 |
| Request total | $15,795 |
On a term loan of 48 months at a rate of 12.23% in this invented case, the $15,795 is repaid at $417.73 a month. The invented payments total $20,051.04, of which $4,256.04 is invented interest.
The oven and the coolers plug in, the racks stand on their own, and nothing is fixed to the building, so all three move with the store. A partner may ask for the store’s sales apart from fuel sales to see what the counter already brings in.
Hot food also adds steps the store did not have before: someone on each shift to run the oven, a cleaning routine and a count of what goes to waste. A partner may ask how the owner plans to staff the counter, since the oven brings in sales only when someone is there to sell from it.
Travel Goods on a Card-Sales Advance: An Invented Kings County, CA Store
Motor oil, windshield washer fluid, phone chargers and sunglasses can sit on a station store’s shelves for weeks before they sell, and in this invented store most sales are on cards. The invented store in Kings County, CA restocks them with a card-sales advance.
In the invented terms, the store receives $9,840 at a factor of 1.24, so the provider collects $12,201.60 in total, and $2,361.60 of the invented amount is the advance’s cost. An invented holdback of 10% on invented card sales of $2,085 a day sends $208.50 a day to the advance, which clears the invented balance in about 59 days of sales.
The factor does not shrink if card sales run high and the advance clears early, which is the main difference from a loan with interest that runs only while the balance is out.
Inventory Financing for a Larger Stock Order at a Hanford, CA Station
For a stock order the store wants to repay on a schedule, inventory financing uses the goods themselves as security. The payment stays the same whatever the card volume does, which suits a store whose card sales swing from day to day.
A partner may ask for a stock report by category, recent supplier invoices and the store’s sales broken out from fuel. Goods that sell within weeks make a shorter term possible; categories that sit for months may not count toward the security at all.
Inventory financing and a card-sales advance can pay for the same order. The difference is in how the store pays: a fixed payment on a set date, or a share of each day’s card sales until the agreed total is collected.
Small Crews and Larger Ones Among Kings County, CA Gasoline Stations
Census County Business Patterns lists 41 gasoline stations with employees in Kings County, CA for 2023. Thirteen of the 41 stations, 31.7%, had a staff under five. Station payrolls listed 356 paid employees and totaled $11.7 million in annual payroll.
Convenience stores that sell no fuel carry their own code, with 18 county employer establishments; 55.6% of them with fewer than five employees.
The 2023 ZIP file lists 16 gasoline stations at ZIP 93230 addresses.
For a single station, these county totals say little about its own store, which is why a partner reviews the store’s records rather than an average built from forty-one stations of different sizes.
Records a Partner May Want From a Hanford, CA Station Owner
- Store sales reported apart from fuel sales
- Card processing statements for recent months
- Supplier invoices for store stock
- Quotes for any store equipment in the request
Store sales and fuel sales may land in the same bank deposit, so a separate store report from the point-of-sale system helps a partner read the statements line by line.
Having these on hand shortens the back-and-forth for a Hanford, CA station owner, whatever the request. Other stores that buy stock before it sells are on the trade pages.
By Orchardstone Lenders · Updated
