Easton Gas Stations
Approximately 28 miles from Boston, this suburban town is home to over 23,000 residents. Even though there has been a proposal for a commuter rail station to be added to this town, there currently is not one, which means that many of the residents who live here use their own vehicles to commute on a daily basis. There are also several highways that pass by this area of Massachusetts, which means that travelers may use this town as a location to stop, fill up, and grab some snacks for the road.
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Purchasing and Leasing Gas Stations
When you consider a gas station as an investment option, you will need to consider whether you want to own the station or lease it. Both options have their benefits, but only one is going to provide you with the investment opportunity that you are looking for. If you decide to lease the station, the initial investment that you put into the property is going to be less. In addition, if you are investing in a part of town that you are unfamiliar with, you will be able to examine the traffic flow in the area, the type of neighborhood, and the station itself to make sure that there are no problems that you may have missed.
Purchasing the property gives you the freedom to do what you want with the station. You can choose your suppliers, your hours, and your promotions, but it can also bring new questions to the surface like:
- Are the station and the land that it is positioned on both included in the sale?
- Is a franchise better than an independently owned station?
- Are the tanks under the ground in good condition?
- Is the canopy in good condition?
- Is construction planned in this area any time in the near future?
- What type of competition is in the area?
Opportunities for Expansion
When you invest in a gas or a petroleum station, there are a few things that you can do to help increase your profits. Gas alone is only going to give you minimal profits, so you should consider things like a car wash, a vacuum station, a repair shop, and a convenience store to help boost your cash flow and bring in customers that may have otherwise just passed by the location.
Out of all of these options, a convenience store is going to be the most important one to consider because customers are going to want to purchase things like lottery tickets, drinks, snacks, and more for their travels. If you have space, you can even consider incorporating some type of grill where you can cook hot dogs, burgers, and other types of sandwiches. This is especially a great idea for locations that are along a main highway because the right promotion could draw a lot of business for your store. For example, offer a free drink with a full tank of gas to get the customers inside the store. Then, have deals on the food that they smell when they enter the store.
Locating Your Investment
If you are interested in investing in gas or service stations, there are a lot of options in Easton worth considering. This town is 28 square miles of land, so finding a corner that is frequented by residents on their way to work each day should be easy, but if you need assistance locating property to invest in, contact Boston City Properties today at 617-247-1933 so that we can get started. We know this area of Massachusetts well, so we can help you find a profitable investment quickly.
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gas stations