Is gas station still a good investment?

Like any business, a gasoline station can be a good investment. When stations are well located and well-run, they can generate healthy profits.

How much money can you make owning a gas station?

Gas Station Owner Salary Overview If your station is in the West, you’re more likely to make around $60,000 annually on average. Gas station owners in the Midwest could earn around $61,000 on average annually, while operating a gas station in the South could earn you around $66,000 on average per year.

Do gas stations make good money?

According to IBISWorld, gas stations make an average net margin of just 1.4\% on their fuel. That’s far lower than the 7.7\% average across all industries — and ranks beneath other notoriously low margin businesses like grocery stores (2.5\%) and car dealerships (3.2\%).

Is a gasoline station a good investment?

Like any business, a gasoline station can be a good investment. When stations are well located and well-run, they can generate healthy profits.

Are gas stations and convenience stores a good business?

Now in closing yes I understand that gas stations and convenience stores CAN be a good business or franchise. In these videos I provide the negative side because as we all know the seller is only giving you the good side.

Should you buy a gas station from an independent owner?

If you decide to purchase a gas station from an independent owner, then it is possible for the seller to finance a sizable portion of your initial purchase. This benefit is also a potential advantage when choosing to work through franchises instead, especially if you work with a department like the Small Business Administration.

How much is a gas station worth?

But good location and traffic gas stations are rare and typically sell for over 1 million. What people are usually calling us about however is one of the “great deals” they saw on Bizbuysell or a similar website. You can see here how many are for sale some of them as low as $13,000.