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re: Do you know anyone who owns a gas station?
Posted on 3/30/24 at 10:18 am to HailHailtoMichigan!
Posted on 3/30/24 at 10:18 am to HailHailtoMichigan!
Yes. You can do well, but the hardest part is competition. Whenever there's another a new one built, you are always going to lose a portion of your customers. You also have to deal with high employee turnover, theft by employees, fluctuating gas prices and some are open 24 hours.
1
Posted on 3/30/24 at 11:38 am to SwampyWaters
I work for an oil major and we lease our stations to commission marketers. I think all it takes is 100k and ability to afford the rent on the store and you are in.
There are lots of variables to the profitability and while a lot depends on the business attached to the site, whether it is food/convenience or an auto shop they can make a lot of money. Or you can hit the jackpot with one that pumps a lot of fuel and make decent money off of that. Most of the commission marketers in our direct market have a portfolio of 2-4 stores to get a combination of fuel volume and profits off of the attached business.
I would assume you can lease a station from a jobber in much the same way.
There are lots of variables to the profitability and while a lot depends on the business attached to the site, whether it is food/convenience or an auto shop they can make a lot of money. Or you can hit the jackpot with one that pumps a lot of fuel and make decent money off of that. Most of the commission marketers in our direct market have a portfolio of 2-4 stores to get a combination of fuel volume and profits off of the attached business.
I would assume you can lease a station from a jobber in much the same way.
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