When is the purchase price for the Petro Stopping Center franchise paid at closing?

According to the 2025 Petro Stopping Center Franchise Disclosure Document, the purchase price for the franchise is paid in cash at the time of closing. The closing must occur no later than 30 days after the expiration of the Due Diligence Period.

During the closing, the franchisee must deliver instruments that transfer good and valid title to the operating assets purchased, free of liens and encumbrances (unless acceptable to Petro Stopping Center). The franchisee is also responsible for paying all sales and transfer taxes. Additionally, the franchisee must transfer all assignable or transferable licenses and permits for the Petro Stopping Center, as well as the fee or leasehold interest and improvements at the site, free and clear of encumbrances except those Petro Stopping Center agrees to assume.

This arrangement ensures that Petro Stopping Center receives the necessary assets and rights to operate the location smoothly after the purchase. The Due Diligence Period allows Petro Stopping Center to thoroughly investigate the franchise before committing to the purchase, and the 30-day window after this period provides time to finalize the transaction. Franchisees should be prepared to have all necessary documentation and funds ready to ensure a smooth closing process.