Framingham Gas Stations

As a city in its own right, Framingham is one area of the Boston Metro area that can serve as a profitable investment location for anyone looking to open a service station in the area. The city itself is only about 22 miles from Boston, and many of the city's residents commute to and from the city on a daily basis, so seizing on this opportunity can yield more than a sizeable profit if you find the right location. Fortunately, Framingham has several major highways that crisscross the town, and as a result, there's more than one route to making sizeable profits with the right level of due diligence.

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Purchasing and Leasing Gas Stations

If this sounds like an investment for you, then you'll be able to either lease or purchase your service station outright. Both of these options can be advantageous, and which type you pick will depend on a series of factors that come down to the individual. Here are the two options in a nutshell:

• Leasing – If you choose to rent your service station, then you'll have to find an owner that has kept up the property. It's important to remember that some owners have a tendency to fudge the potential of service station properties, so before you start paying into a lease, ask for records and data. Also, remember that you want a longer lease on a property that has a good performance because you'll want to lock in a steady, affordable price.
• Purchasing – If you opt to purchase, you'll need sizeable capital, especially in a larger city like this one. Additionally, a purchase will also usually require good credit because you'll most likely need a loan. When you purchase the land and the facility, you'll have options for expansion, but before you buy, the property should have at least one other expansion business on it because profiting off of just oil sales can be difficult.

Opportunities for Expansion

Whether you opt to buy or lease, you'll most likely need a way to make more of a profit than you would by just selling gas. For this reason, many service station investors either seek out properties that have preexisting expansions or they build on the new expansions themselves. Here is a listing of the most common:

• Convenience Store – These are advantageous because the customers that pay for gas in cash are going to have to come into the convenience store section of your business in order to pay. While there, the selection of snacks, coffee, and other products will entice these gas customers to spend money. As a result, the convenience store section of your business can be the primary profit earner of this business.
• Auto Repair Shops – Repair garages are considered very profitable investments due to the fact that today's cars have a tendency to last longer than in previous years if they are well-maintained. There is a lot of overlap between the business of car refueling and the business of car maintenance, and it should be easy to entice your customers to get their oil changes and repairs done on your property.
• Car Washes – This is a good investment because many car washes are automated. As a result, operating costs on a car wash are fairly low while also generating strong income potential at your service station.

Locating Your Investment

Boston City Properties has years of experience helping clients like you find the most profitable service station investments in the state of Massachusetts. We also have comprehensive lists of available properties that span the state, so give us a call today at 617-247-1933.

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gas stations