Hanover Gas Stations

If you're looking to invest in a Boston suburb that's beautiful and is only about 20 miles from the big city, then Hanover is an excellent choice. Not only is the town a good mid-sized choice with its 15,000-plus residents, but it also has a population that has a high tendency to commute to Boston on a daily basis. As a result of this, this town is a great choice for a service station investment; you'll provide a much-needed resource and make a fairly high profit if you find the right location.

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Purchasing and Leasing Gas Stations

Owning or renting a service station has a lot of advantages. Not only will you be providing a valued service for commuters and residents alike, but you'll also be able to derive other business opportunities from a service station. In any situation, a prospective service station owner will have two choices when looking to open up their own service station:

Purchasing the Station Outright – If you have saved capital, have the credit for a business loan, and have a lot of patience, then you should consider simply buying your station. It's going to take a few years of steady business in order to see a return, and you'll most likely have to put in some hours, but this can be a good investment with patience.

Additionally, a purchase of this type leaves you with a lot of independence. You'll be able to select your supplier, you'll be in charge of any promotion offered at your location, and you'll be in charge of any hiring processes. Also, when you're ready to retire, you can sell or lease out the property for a neat profit.

Leasing the Station – Not everyone wants to own, and fortunately, for these people, there is the option to simply rent the service station. Renting a service station is also a great option for anyone lacking the credit or the capital for an outright purchase.

Also, a commercial lease of this type can extend for up to 10 years, and when this is the case, you can lock in some very reasonable monthly rents. With a lease, you're also less locked into the investment; if the property isn't performing, you can simply lease somewhere else at the end of your current lease.

Opportunities for Expansion

Today, it's exceedingly rare to find a service station that's only stock in trade is in the sale of gas. This is because every gas sale includes the cuts that go to the refineries, the oil companies, government tax, and even to the delivery companies. At the end of the day, the actual owner only ends up with about a percent or two of the sale.

For this reason, you, as the owner, should always consider service stations that have at least one expansion business. These can help you generate profit at a fairly quick rate, and the business types that you can invest in that work as expansions can be fairly extensive.

For example, since you're going to be capitalizing on commuters in a town like Hanover, you'll want to include commuter-friendly businesses. These can include convenience stores, which provide commuters with cigarettes, lottery tickets, snacks, and drinks, or it can actually include made-to-order eateries so that commuters can get a quick breakfast before they head to Boston. Both of these options can be very profitable for a service station owner, and both of these require relatively unskilled labor for day-to-day operations.

Locating Your Investment

As with any investment, it's all about location, and finding the optimal location in town is going to ensure your eventual profit. At Boston City Properties, we have listings of all of the available service stations in town, so give us a call today at 617-247-1933.

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gas stations