Everett Gas Stations

Cities are almost always excellent places to consider an investment, and the city of Everett, which is only about four miles from Boston, has a population of over 46,000 people that can be monetized successfully by the right investor. Since this city is only about four miles away from Boston, many of its residents are commuters, and as a result of this, the gas station can be a great way for an investor to make a good return on investment. This Middlesex County city also has access to many highways and roads, and a properly placed service station can certainly be capitalized on.

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Purchasing and Leasing Gas Stations

Before you consider either leasing or purchasing your service station, it's essential that you know that location is everything. In most cases, you'll need to do some research because people selling or leasing these properties aren't always honest about their viability. For this reason, a new service station should be located in a place that's:

• Able to take advantage of commuter traffic.
• Easy to find.
• Not anywhere near the larger corporate service station chains.
• Well-equipped with fairly new service station machinery and tanks.

With those considerations taken into consideration, you should be able to find a service station in Everett that can make you considerable capital, but which should you invest in a leased station or a purchased one? Let's look at both:

• Leased – Like with any rented property, you'll have to sign a lease, and a leased commercial property like a service station will typically have a longer lease period, which can help you avoid rental increases. Also, a rented service station requires less of a time and capital investment from you, so if it doesn't work out, you can potentially move to another investment opportunity.
• Purchased – For those that have a little more available capital and stronger credit, this is the type of service station investment that can be very beneficial. Not only will you have more overall control over the station's day-to-day operations, but you can also lease space to mechanics if you opt to build an attached garage. Also, once you've paid off your initial loan, you're going to be generating a lot of monthly capital.

Opportunities for Expansion

Service stations by themselves aren't huge money makers. If you want to really profit and bring in a lot of cash on a yearly basis, you're going to have to expand. Gas is needed by just about everyone in a town like this, but at the end of the day, the gas is just a means to bring in customers due to the fact that you'll only bring in about one percent of the sales of gas as profit. Instead, having a garage, convenience store, or car wash can ensure that your gas customers will have other places to spend their money once they are at your station.

For example, running a mechanical car wash is a great way to capitalize because these car washes don't require specifically skilled labor, and the machinery does the majority of the cleaning work. Convenience stores, similarly, are staffed by unskilled workers and are excellent ways to capitalize on the rush hour traffic that's coming in from and going to Boston.

Garages, which will require skilled labor, are useful in a town like this with a large population of motorists; everyone needs repair and maintenance work from time to time, and owning a repair shop can help you capitalize on this basic need.

Locating Your Investment

It's absolutely essential that you make the right investment decision when choosing to work with a leased or purchased service station. At Boston City Properties, we have years of experience helping our clients find the right service station investment for their needs, so give us a call today at 617-247-1933 so that we can help you make the right investment.

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gas stations