Fuel stations as properties and enterprises – Selected valuation problems

Abstract

RESEARCH QUESTIONS• Fuel stations are sold either as enterprises or their organised parts or as properties.• Assets of the enterprise and the property may vary significantly.• The income methods based on the operation profit is applied both to the valuation of companies and commercial properties. In case of the fuel station valuation the assessment is based, in both cases, on income from fuel sales, non-fuel retail, and the accompanying service sales. RESEARCH proposal• The identification of differences in the valuation of fuel stations treated as an enterprise and a commercial property