Is a Gas Station Convenience Store For Sale a Good Investment?
Gasoline demand in the United States is consistently high, and gas stations are a $250 billion industry. As long as people need to get to work and go on vacation, gas stations will continue to be a viable and profitable business.
Of the over 120,000 gas stations in the US, about 80% have an attached convenience store. Buying a convenience store and gas station for sale together expands your revenue potential and increases your chance of success.
What Should I Look For In Gas Stations For Sale Near Me?
It’s important to know what you’re getting into before you buy a gas station for sale. Here are some factors to consider:
- Is it a franchise or independent? Franchise gas stations come with name recognition, but you’ll also be beholden to the rules outlined in your franchise agreement.
- How long has it been operational? Old gas stations for sale may be cheaper than more recent constructions but will often require more maintenance, and you may find yourself upgrading or replacing equipment not long after your purchase.
What comes included? A gas station for sale with property has more expansion potential than one on a small urban lot. You should also find out who owns the pumps and tanks, and whether the sale includes a transfer of ownership. If it has a convenience store, find out if furnishings and inventory are part of the sale or if it’s just the building.