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Hanson Gas Stations

The Boston area is rich with investment potential, but finding the right one for your capital can be tough. That being said, many of the suburbs around Boston are perfectly positioned so that they are easily in commuting distance of the big city, and the town of Hanson is one such commuter-friendly town. Since this town is located just 25 miles from the city, there are a few types of investment to consider, but if you're willing to put in the work, one of the best investments of this type can be found in the meager gas station.

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gas stations

Purchasing and Leasing Gas Stations

It's important to note that a sizeable portion of Hanson's population commutes to and from the city on a daily basis, and as a result, with many of these commuters being drivers, gas facilities are a major necessity in town. For this reason, if you're looking to capitalize on the motorists in town, you'll need an idea about your options for getting into service station owning. First, it's important that you understand that you have two options:

Buying the Service Station – When you're planning to outright purchase your service station investment, you can expect to spend a lot. Not only can you expect to spend well over a million dollars in a town like this, but in order to get a good return on investment, you'll definitely have to run successfully for more than a few years.

With this in mind, you'll still be able to make sizeable profits if you're patient, and ownership is one of the surest ways to be in full control of every aspect of the station. Once you're ready to retire, you can also either sell your station or opt to lease it so that you can be fairly comfortable.

Leasing the Service Station – For those with less capital and lower credit scores, opting to rent from an owner is a great idea. Not only will you be free to end the lease when you want, but you also won't be responsible for the upkeep of the tanks and equipment in most situations.

This is a great way to also make money quicker. Since you're not working to pay back a loan on the property, day-to-day sales can certainly good cash flow that should cover the cost of renting and taxes.

Opportunities for Expansion

It's crucial that when you purchase or lease a service station that you understand it's going to take a bit of extra work to be made profitable. Not only is this a common industry where investors often end up also becoming owner/operators, but usually, gas sales will provide you with very little capital. This is due to the fact that percentages of each sale go to the refineries, oil companies, and delivery companies.

For this reason, you're going to want expansion businesses to go with your new business. This means that if you're buying, you should seek to either build expansion businesses or search for properties with them on-premise already. If you're leasing, it's important that you make sure that the owner already has these types of businesses on the premises as well.

Expansion businesses can include things like:

Each of these can provide you with significant income, and many of these, with the exception of garages, can also employ unskilled labor.

Locating Your Investment

Are you ready to get started? Finding the right location for your station is important, so let us at Boston City Properties help you find the one that can provide the most profit. We have years of experience and have an extensive list of potential businesses – give us a call at 617-247-1933 today.

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gas stations