Duxbury Gas Stations
When you are looking for an investment, location is very important, especially if you are considering a gas or service station to invest in. Duxbury, which is only about 35 miles from Boston, is a suburban town with a lot of potential. The Pilgrims Highway as well as several other highways pass by this town, and there is even a population of 15,000 residents in the town that will make this type of investment worth having.
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gas stations
Purchasing and Leasing Gas Stations
Deciding to purchase property can be a great idea because you will have full control over what you do with the property. You will be able to expand if you desire as well as choose the hours that your facility is open and the suppliers that you work with. Leasing allows you to dip your feet in this type of investment without putting too much money into the property from the start. Leasing also means that you will not need to pay taxes on the property, which can save you a lot of money, especially when you first invest.
Whether you are looking to purchase or lease a gas station, you are going to want to consider a few things before making your decision.
- The Competition – Competition is important in the business world, but you do not want to have your facility located on a corner with three other stations.
- The Hours – Many service stations are open 24 hours a day, so if you want to compete with these stations, you will need someone who can split the hours with you.
- The Traffic Patterns – Know the traffic patterns in the area. Is the location that you selected along the main route that many locals take to work? Most people will not go out of their way to save a few cents on gas, so you want your location to be easy to reach.
- The Condition of the Equipment – Like with any property, when you invest in it, you want it to be in good condition. Make sure to consider whether there is a canopy over the pumps and the condition of the canopy so that it does not need to be replaced in the near future. Also, don't forget to consider the condition of the tanks under the ground because if they are damaged, they can really cost a bit to replace.
Opportunities for Expansion
When you consider this type of investment, you are going to want to consider what type of station you want to have. Some gas locations have a service area where you can get your car repaired if you need. This option can help you earn profits, but you will need a qualified mechanic on-premise to manage the maintenance of the vehicles. You can also add a car wash to the location so that it is a one-stop shop for customers who need gas on their way home from work.
Another great way to expand your petroleum station is to add a convenience store to the location. This is a great way to profit and bring in more customers than you would with just gas. In fact, those passing by may not consider stopping at a location without a convenience store and a bathroom. When you have a store, you can add an indoor restroom and provide things that motorists may need like a engine oil, soda, coffee, snacks, or even lottery tickets.
Locating Your Investment
Looking for an ideal location to invest in a service station? Duxbury is a great town to consider that has quite a bit of potential for investors. Contact Boston City Properties today at 617-247-1933 so that we can help you find a profitable location to invest in.
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gas stations