Dracut Gas Stations

Dracut, which is only about 30 miles from Boston, is a great town to invest in, and if you are looking for a profitable market for your investment, gas stations in this area present thriving opportunities. There are quite a few major highways that run through and near this town including I-93, I-495, I-95, and I-90. With all of these highways and a population of over 31,000 residents, traffic in the area is bound to help make this type of investment more profitable.

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Purchasing and Leasing Gas Stations

When you look into whether you want to purchase or lease a service station, you are going to want to consider both options thoroughly. Purchasing a station can be a great option that will be profitable, but since many service stations tend to cost more than a million dollars to invest, you may not see much profit for the first few years. That being said, when you own the property, you will be able to decide where you purchase your gas, what is sold in addition to gas, and the promotions that you want to have at your location. You may need to put in long hours to accommodate the public, but there is a lot of potential when you have full control.

You can also decide to lease property instead of purchasing it. With this option, you will be able to decide whether the location that you selected is a good one or not. Location is everything when it comes to service stations, so make sure to find an optimal location to up your profits. Leasing also gives you some time to make sure that everything is in working order with the facility before you purchase it, which can be important, especially if the tanks are not up to par.

Opportunities for Expansion

When you sell gas, the majority of the money that you get for each gallon sold goes to the supplier, the distributor, and taxes. This means that there is very little profit left for you, which is why having a station with just pumps and a place to pay is not optimal. To increase your profits, you need to increase your offerings, which means that you can add things like:

A Convenience Store – When you have a convenience store on premise, customers that stop for gas, especially those passing through, will also get coffee, drinks, snacks, and other things for the road. These items that you sell in addition to the gas are where you are truly going to make your profit.

A Car Wash – When driving through a car wash is convenient, customers are more likely to pay for the service. If you have a location with a car wash, you can ask if they need their car washed right at the pump.

A Repair Shop – Having a garage is also very profitable because customers in the neighborhood will come to you when they need simple things like an oil change, an inspection, or a light replacement. You will need to hire mechanics who know about cars, but the profits will typically outweigh their wages.

Locating Your Investment

Service stations in Dracut can be quite lucrative, but you need to know the area before investing. Make sure that you fully inspect the property to make sure that the land and the property are included in the sale, that the canopy and the tanks are in good condition, and that the location is optimal. If you need help locating an investment in the area, contact Boston City Properties today at 617-247-1933.

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gas stations