East Bridgewater Gas Stations
Typically, investors consider large cities first when it comes to new investments, but if you are looking to invest in a gas or service station, you may benefit more from investing in an area outside of the city that requires residents to commute each day to work. Of course, public transportation is going to be an option, but in a town like East Bridgewater, many of the residents will consider driving the 27 miles to get to Boston. This means that if you can find an investment on the right route out of town, this is a great area to consider for your new service station.
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Purchasing and Leasing Gas Stations
When you invest in a service station, you have the option to purchase or lease the property. Each option has its advantages, but before you decide, it is important to consider what you are getting. Does the purchase include the property that the gas station is located on, any add-ons that may increase your profit potential, or is it just the station itself that you are purchasing? All of these factors will be part of the deciding factors of whether you lease or purchase the property. Here are the benefits of each:
- Leasing – Leasing is a great option to consider, especially if you are unsure of the area and how much traffic will be in the neighborhood that you are considering. You may not have much say in how the station is run, but you will not have to make a large initial investment, which means that profits will be seen much sooner.
- Purchasing – With this option, you will be able to decide who you work with, the hours that you are open, the distributors that you select, and the additional services that you provide. If you purchase the property and it turns out to be a lot to manage, you can also lease out parts of the station like the garage or the convenience store to help without decreasing profits.
Opportunities for Expansion
If you find a fill station that you want to invest in, then you are likely going to want to have other aspects of the property that will help bring in more profit. This means that you can add things like:
- A Convenience Store – Customers often prefer a service station with a store so that they can grab some candy, chips, soda, or coffee for their travels. Cigarettes and lottery tickets are also great options to sell in a convenience store.
- A Car Wash – When you get gas, you tend to notice is your car is dirty, so having a car wash at your location is a great way to earn a little extra with each fill up. In fact, if you have an automated system, you will not need to hire any extra help. Don't forget to add a vacuum station as well for individuals who want to fully clean their vehicle.
- A Garage – This is mainly going to be used by residents of the community who need a quick oil change or an inspection, but if you offer discounted services and earn the trust of the community, you are likely to find loyal customers who return quite frequently.
Locating Your Investment
This is a town where many of the residents travel to and from work using their own vehicle, which means that they need gas and other services that this type of investment can provide on a daily basis. The key to success is finding an optimal location that allows you to compete with the other stations in the area. Call Boston City Properties today at 617-247-1933 so that we can help you find your next investment quickly.
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gas stations