Eastham Gas Stations

The key to a good investment in the gas and oil industry is finding a location that is heavily traveled by locals and those passing by the town. Areas like Eastham that are known as vacation areas fall into this category, which means that even though the population is low during the off-season, the town will be overflowing with tourists traveling in and out of the area during the warm part of the year, making it a great area to invest. In addition, public transportation is not prevalent in this town, which means that most residents will travel by car, making gas a necessity in the area.

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Purchasing and Leasing Gas Stations

When you get into the gas industry, owning a station of your own may seem appealing, but when you are just starting out, leasing a station may be more economically sound. Both options have advantages and disadvantages, so which one suits your investment needs?

• Leasing – If you decide to get your toes wet before diving into the gas and oil industry, leasing a station may be a great option for you. You will be able to start will a smaller investment, making it easier to manage, and it will give you time to get to know the area to see what type of competition you will have and the type of traffic flow that will be present in the area.
• Purchasing – This is the option that gives you more freedom to do anything that you want with the station that you purchase. You can choose the supplier that you are going to be working with so that you can make the most profit, and decide which deals and promotions work best for your location. In addition, if you want to split up the responsibilities, you can lease out part of the service station as well.

Opportunities for Expansion

Let's face it, when you own a gas station, the majority of your profits are not going to come from selling gas. In fact, you will typically only make about two percent from every purchase, so you will need to find another way to increase cash flow. Some great options include:

• A Car Wash – Sometimes customers do not realize how dirty their car is until they are standing next to it pumping gas. With this in mind, you will want to have a convenient drive-thru car wash available at your location that invites customers to wash their car right at the pump.
• A Convenience Store – A convenience store is a great way to pull in customers that are getting gas who may need a snack or a drink for the road, but it also can bring in individuals who are simply walking by that would not normally stop at a gas only station. If you have space, you can even offer a grill that serves things like hot dogs, burgers, and other sandwiches.
• A Repair Shop – This is a great option that you can consider for your station, but it will require you to have an expert on premise that can help customers with car issues. This can bring in a lot of profit to a location, and if you prefer to not deal with car repairs yourself, you can rent that space out to another interested party.

Locating Your Investment

When you are looking for an investment to pursue in this area of Massachusetts, it can be difficult to know the best location to be positioned unless you are able to consider the area when it is busiest. That being said, local real estate companies like Boston City Properties know the area and the investment opportunities that will be best for you, so call us today at 617-247-1933.

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gas stations