Harwich Gas Stations

Vacation towns in the state of Massachusetts can present a lot of opportunities for investments, especially if you are considering all of the increased traffic and people who will be staying in the area during the peak summer season. Vacation areas present a lot of opportunities, but if you consider all of the added traffic, an investment in gas and oil may be extremely beneficial. Harwich, which is located on the southern part of Cape Cod is such a town, and during the summer months, the population of the town can nearly triple in size.

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Purchasing and Leasing Gas Stations

When you are considering purchasing a gas or a service station in this area of Massachusetts, you can choose to lease the station or purchase it. Your decision here will change the investment experience, but there are benefits to each:

• Leasing – Leasing may seem like the easier option of the two because you will be able to set the terms of your lease so that you can leave if things are not as profitable as you expect, but you will not have as much say when it comes to the daily expenses of the property. In addition, leasing frees you from a large initial investment, so if you are working with a smaller budget, you can get your feet wet with a lease.
• Purchasing – This means that you will have free reign over what happens at your service station, but you will also be responsible for repairs and maintaining the property. You will be able to choose your service provider, which can help you save a little money, and you can decide which promotions to run as well. Any expansion that you decide to do can become part of what you manage on a daily basis, or if you prefer, you can opt to rent parts of your location out to another interested party who will take care of maintaining and running that part of your location.

Opportunities for Expansion

There are quite a few options that you can consider when you are looking for an investment in this industry, but the one that will provide you with the most profit is going to be adding a convenience store to the station. Many convenience stores offer snacks, drinks, lottery tickets, cigarettes, and more, so if your customers are already stopping for gas, they may step inside for additional purchases.

Another addition that you can consider is a bathroom that is located indoors. This is a great way to bring in travelers who simply need a break from the road for a few minutes, and if you have a grill or an area where you can order food, they may even stay for a bite before heading back on the road. This also provides residents in the area the option of grabbing a snack on the way home from work or a coffee in the morning.

Other expansion options that you can consider include things like a repair or tire shop where customers can get oil changes, inspections, and more. You can also add a car wash to the location so that customers can easily drive through the car wash after getting gas.

Locating Your Investment

Are you ready to find an investment opportunity in Harwich? If so, Boston City Properties is a great option to consider for your real estate needs. We know the area and the investment opportunities that are available, so if you are looking for a service station to invest in, call us today at 617-247-1933 so that we can start looking for a profitable investment for your portfolio.

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gas stations