Dennis Gas Stations

Dennis is a town that is fairly central in the Cape Cod area, and as a result, this is a very popular vacation spot during the warmer months. While the town has a population of more than 14,000 residents, the population has a tendency to skyrocket when it's warm due to the influx of vacationers. As a result, this town, which has a vacancy rate of over 65 percent during the winter months, is an excellent location to invest in, and one of the strongest investments during the warmer months in this town can be the gas station.

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Purchasing and Leasing Gas Stations

While service stations in this town won't be making the strongest cash flow during the colder months, it's important to note that Dennis has a fairly high population even when it's not the summer, and this population needs gas.

When you're considering investing in this type of property, you'll have two options:

Purchasing the Service Station – If you have extra capital for a large down payment and excellent credit, this can be a great option for you. Not only will purchasing a service station provide you with a business that you exclusively control, but you'll also be able to pay a fairly fixed loan amount for the duration of your ownership of the property.

In addition, you'll simply have more control. Thinking about getting out of the service station business? If so, you can simply lease out the property to a renter so that you can make month-to-month cash flow that requires little effort.

Leasing the Service Station – If you don't have top-notch credit and a lot of extra capital, then leasing is a great option. Not only is this the far cheaper option, but running a gas or service station that you lease requires a lot less effort on your part. Is the station not performing because a big corporate station has moved in next door? With a leased property, you can simply select another location in town that doesn't have such stiff competition and lease there instead.

Also, most leased stations have the property ready and available for use; you won't have to purchase canopies, better pumps, or other key components because they should be available for use before you even lease the property.

Opportunities for Expansion

Simply put, there's not a lot of money to be made from just selling gas. For this reason, you'll probably have to create additional opportunities for yourself at your new service station. If you're just looking for opportunities for cash flow, you can opt to lease out space on your property to garages, car washes, or convenience stores. The owners of these properties can just pay you a rental amount and you can use that to capitalize.

Alternatively, you can just add these expansions yourself; each of these has a lot of overlap with the service station business, and the gas that you sell is a great way to get customers to your expansion businesses. With the exception of the garage expansion, these expansion options don't require much in the way of skilled labor, and some of the processes can even be automated, which can save you significantly on overhead as well.

Locating Your Investment

This Cape Cod town has a lot of profit possibilities for investors that opt to invest in service stations. For example, profits during the summer months are guaranteed to increase due to the influx of vacationers. That being said, location is everything for a station of this type, and it's a good idea to consult with real estate professionals like Boston City Properties before you settle on a particular station. Give us a call today at 617-247-1933.

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gas stations