EXXON AND MOBIL

Item 19 stays silent—no disclosed revenue or profit figures from franchisees, a glaring gap that forces reliance on personal due diligence or industry benchmarks for gas stations, where medians hover around $1.5M-$3M in annual sales but with razor-thin 3-5% margins after fuel costs. Financials in Items 5-7 reveal zero franchise fees, royalties, ad funds, or even initial investment ranges, with only vague nods to transaction card processing and POS software costs buried in ops manuals—far below category norms of 4-6% royalties plus $50K fees. SBA numbers shine: 49 loans totaling over $57M average $1,176,016 apiece, but that 2.0% default rate crushes the 15-20% seen in retail/food, signaling strong repayment from operators handling high-volume fuel ops.

System vitality looks stable under Marathon Petroleum (headquartered in Findlay, OH), with 2026 FDD reflecting current standards for branded outlets serving the motoring public. Absent growth/contrition metrics or transfer data here, the low SBA defaults imply enduring viability for wholesale marketers meeting volume mandates and ExxonMobil's upkeep rules. For deep-pocketed buyers eyeing $1M+ outlays on tanks, pumps, and sites, this fee-free setup minimizes ongoing drains versus peers, but without Item 19 proof, validate via site visits—high fuel turnover could yield solid returns if you nail location and supply deals.