Swampscott Gas Stations

Swampscott, which is located a mere 15 miles for downtown Boston, is a delightful seaside town that gets plenty of visitors. If you are planning on investing in a gas or service station, you will find both local residents who commute to the city on a daily basis and beachgoers frequent the area. In fact, I-95 is located right near the town, so with the right location, investing in this town could be quite profitable.

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Purchasing and Leasing Gas Stations

If you decide to invest in a gas station, you are going to have the option of buying the station or leasing it. Both options have their benefits, so consider which is best for you. If you lease the property, you will be able to have a much smaller initial deposit, and you will not need to pay taxes on the investment, so if you do not have a large lump sum to invest, you may want to consider this option. Not only does it allow you to ease into the investment, but you will be able to see how the location that you have selected performs in the community. If the profits are not as high as you expected, you can always back out of your lease and try a different location for your investment.

When you purchase the station, you will have a lot of freedom when it comes to the way that your location is run on a daily basis. You will decide who your suppliers are, the promotions that you want to run, and the type of services that you will provide to the community. If you decide to expand, you can opt to run the expansions yourself or rent them out to others to run for you. This is especially useful if you decide to add a repair shop or a tire shop to your location.

Buying a Service Station with a Convenience Store

When you purchase a station with a convenience store, you have a lot of added benefits that will help increase your profits. To start, customers who stop to get gas may find that they want a cold drink, coffee, or a snack for their travels. Having freshly brewed coffee in the morning is a great way to bring in locals on their way to work. If you have sufficient space, you can also add a grill or a made-to-order deli where you can make food for the customers to enjoy as well. This feature may draw in travelers who need a rest stop as well.

Another feature that many convenience stores offer is an indoor bathroom for the customers to use. This is a great addition that is going to get people inside the store, and in most cases, they will look around the store and purchase something on their way out. Outdoor bathrooms can a turnoff for travelers, so having one inside your convenience store could be the difference between customers stopping at your location or going on to the next one.

Neighborhoods to Consider for Your Investment

The town of Swampscott is divided into three neighborhoods, which are:

• Town Center
• Essex Street/Burpee Road
• Beach Bluff/Phillips Point

Beach Bluff is the coastal area, so you will find that the population here is going to be larger in the summer. The other two areas of town have a more steady population of residents that will frequent your location on the way to work. Having trouble deciding which neighborhood is best for an investment? Call Boston City Properties today at 617-247-1933, and we can help you find your next investment opportunity.

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gas stations