Regardless of health condition of the economy and price of fuel, you will always find many takers for service stations for sale. If the fuel pump is at the right location, the owner can expect plenty of buyers ready for purchase. With many gas stations for sale, most potential buyers will feel confused as to which one to buy. You can categorically classify them under different heads such as gas station, pumpers and traditional convenience stores having fuel. Monetary Prospects Let’s us put it straight that you can earn a fortune in any of the above-stated areas, given availability of the right location, right timing and right workers. Demands for fuel stations as well as convenience stores is on the wane with every passing year, with traditional service stations and larger convenience stores being rapidly demolished and other types of properties coming up. What if you are a mechanic? If you are an employee working in a fuel pump station and looking for a purchase, a service station is a legal choice. Unfortunately, such a trend is quickly fading awayas many mechanics now prefer working in franchise repair stations. Some of them even show interest in owning these as fuel price has been showing greater volatility in recent years. Many individuals are buying gas stations and developing the service bays to large convenience stores. Deferred Maintenance Gas service stations are those properties that tend to get older quickly and therefore, deferred maintenance at shorter interval is much needed for such facilities. Furthermore, the underground storage tanks are made of steel that grow older over time. Therefore, after you purchase an old gas station, make sure to replace it sooner or later. Buying Pumpers Pumpers refer to fuel stations of high volume (at least, 150, 000 gallons monthly). These are also losing popularity due to decreasing fuel gallonage across the globe. Competition from some elite names is also contributing to the situation by adversely affecting the profit margin. Fuel profit margin is also taking a nosedive. If these situations are seen through the lenders’ lens, the gas station properties are no longer as attractive as these were before. If you don’t have a space to build up a convenience store, you are less likely to find it a big draw for your new venture. Convenience Stores with Fuel It is the most profitable option. For the big convenience store, the volume of product that needs to put on sale may be prohibited due to service debt and cash flow. Finally, check the condition of the gas station pumps and other components before finalizing a purchase decision.
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May 2022
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