Groton Gas Stations

Are you looking for a location to invest that is nestled in Middlesex County, Massachusetts? Well, Groton, which is a town with over 10,000 residents, is the largest town in this county when it comes to total square miles. The town is about 42 miles from Boston, and there are no major public transportation hubs located here, which is why residents rely on their personal vehicles to get to their destinations. This makes a great investment opportunity for anyone looking to get into the gas industry, especially if you are considering purchasing or leasing a station of your own.

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Purchasing and Leasing Gas Stations

Leasing and purchasing a gas investment in this area can be quite lucrative, but you are going to need to consider which option is best for your specific needs. Here is a breakdown of each:

• Leasing – When you lease a station that services gas, you are going to be required to follow the rules of the owner, which means that even though you have the freedom to run the station the way that you want, you may not be able to expand at all. On the other hand, leasing will present you with the opportunity to get to know the market. You will be able to see how your station sizes up to the competitors in the area and see how much foot and vehicle traffic come through the station on a daily basis without putting a big deposit down on your investment.
• Purchasing – When you purchase property, you have complete say in what happens there, which means that you can decide on expansions, the supplier that you use, and the days or hours that you are open. Before you decide to make a purchase, it is important to always inspect the property, including the underground gas tanks, to make sure they are up to par. The canopy is also important to consider because building or replacing this could be quite costly. Before you put a down payment on a service station, make sure that the land that the station is positioned on is included in the sale. If it is not, you may find expansion could still be an issue later.

Opportunities for Expansion

Gas is not the most profitable business, so if you are going to make this type of investment work for you, it is important to expand on the services that you offer. This can include things adding services like:

• A Car Wash – This does not need to be a full-service car wash that will require you to have employees that wash the cars by hand. You can simply provide a drive-thru wash that can be paid for at the pump.
• A Repair or Tire Shop – A repair shop will bring in local residents who need something simple like an inspection or an oil change. However, it may also bring in traveling motorists who run into car trouble on the road.
• A Convenience Store – This is the most common expansion option because it provides the option for customers to get a drink, a snack, lottery tickets, and more when they are filling up their tank. This is a great way to increase your cash flow with this type of investment.

Locating Your Investment

As you search for an ideal investment to help build your portfolio in Groton, you will find that there are quite a few options, but the best ones are going to be located near a highway that is used by residents and commuters alike. For a full listing of what is available in this area of Massachusetts, contact an agent at Boston City Properties today at 617-247-1933.

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gas stations