Dartmouth Gas Stations

Dartmouth is a part of Massachusetts that has an optimal positioning that provides access not just to Boston, which is less than an hour's drive away, but to Providence, Rhode Island as well, which is only about 30 miles away. The town is also one with relatively limited mass transit, so many of the residents opt to drive. With this in mind, one of the optimal investment types in a town like this is in gas station market. With one, you can provide gas for the town's commuters, and since you'll most likely opt to expand, you can make money this way as well.

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Purchasing and Leasing Gas Stations

When you're in the market for a station of this type, you'll be able to either purchase or rent the space. For the most part, purchasing a station of this type will require a significant amount of money in a town like Dartmouth, but once you've capitalized on the investment, you can take home more than $200,000 per year with an owned service station.

Also, when you own a service station, you have much more control. For example, when you've purchased your station, you can opt to manage your own deals for your customers, you can start your own gas franchise, and you can even choose the gas providers that you use in your pumps, which can help you choose the most cost-effective gas.

Leasing has its own advantages as well. One of the most useful is that you'll simply need less capital to invest in a leased service station. For example, purchasing one may run you well into the millions when buying in town, but leasing should cost you more in the hundreds of thousands. Also, if the location doesn't work out, there's simply less keeping you at that particular station when you're just leasing, and as a result, you can identify a more lucrative station and lease there.

Opportunities for Expansion

If you own a station, you can choose to expand so that you can make more money. It's important to note that service stations don't generate a lot of profit on gas alone; in fact, owners only get about one percent of the profit on gas sales. To generate good cash flow at your station, you should open one of these expansions:

• Repair Shop – It's common to find stations with attached auto repair garages because these two types of business have a lot of overlap. If you're looking to make extra cash, this is a good option – you'll just have to hire repair personnel to handle this aspect of the business.
• Car Wash – One of the best features of modern car washes is that they can be almost fully automated, which means that you can save money on hiring cleaning personnel. Once again, this is an excellent expansion that has great overlap with your gas business.
• Convenience Store – When you choose to add on a convenience store, the gas service that your station offers is an excellent way to get them into the store and purchasing things like cigarettes, gum, coffee, and candy. This is a real money-earner, but it's important to note that pay-at-the-pump systems have reduced convenience store sales somewhat.

Locating Your Investment

When you're searching for service station opportunities in this town, it's a great idea to remember that location is everything; search for stations that take advantage of high traffic areas and are convenient to access. Boston City Properties has years of experience helping our clients find the service station opportunities that best fit their needs, so give us a call at 617-247-1933.

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gas stations