Whether global economy is limping or shining, there has never been shortage of demand for service stations for sale. Irrespective of the fuel price in the international market, demand curve for saleable gas stations always rises upwards though not along a linear path. Types of Gas Stations & Purchase Decision With different types of gas stations for sale, how can you figure out which one to buy? Here are different categories of these fuel stations as listed below:
An important point to be noted here is it is possible to make money regardless of the type of fuel station you purchase only if you have the right location, right timing and skilled employees. Over years, convenience stores and gas stations have been dwindling in numbers due to rise of large convenience stores. The fact that traditional fuel stations being razed or torn down to make space for other commercial properties is also contributing to the scenario. Service Stations - What if you are a mechanic? In such a case, a service station will be a more pragmatic choice for your purpose. It is becoming an extinct breed as many mechanics are now opting for working in franchise repair facilities. Such a switch is heavily influenced by volatility in crude fuel price in the international market. Many individuals, who have purchased service stations, are converting the service bays into large sized convenience stores. Service stations are usually older and so, a quick maintenance is a must. The underground storage tanks are usually made of steel and therefore, need replacement sooner or later. The same holds true for gas station pumps. Pumpers These high volume gas stations are also losing their popularity. Competition from some big brands is causing an adverse impact on the profit margin. Due to such a scenario, this type is becoming less attractive with every passing day. If you have no plan to build up any modular convenience store, it is not a good option to go with. Convenience Stores It is definitely the most profitable option. Convenience stores with fuel churn out great revenues in spite of falling fuel gallonage. Make sure that the convenience store is larger than 1000 sq feet; otherwise, it won’t be able to generate a larger volume of traffic.
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May 2022
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