Taunton Gas Stations
Taunton is known as a central hub for southeastern Massachusetts, which means that there are a lot of highways and traffic that go through this town. Keeping that in mind when you are looking for a good place to invest in the state will be quite beneficial because the highways that you can find here can connect you to the rest of the state as well as the east coast. Not to mention the 56,000 residents who call this city their home will also be a great customer base when you find the right location.
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Purchasing and Leasing Gas Stations
In the gas station business, you are basically going to have two options available to you when you first start out. You can either purchase the service station that you are going to be investing in or you can opt to lease it instead. Both options can be worth considering, so let's take a look at each:
- Leasing – This is a great way to get into the business when your credit score is not optimal or you do not have a lot of funds to work with. You will need to make a deposit to secure your lease, but you will not need to have nearly as much as if purchase the station. In addition, when you lease, you are not responsible for taxes or repairs for the site, so you will spend less as time progresses as well.
- Purchasing – This is the option that you should choose when you want to have full control of what goes on at your location. You will be able to make any expansion that you want, which means that you will be able to add services to your station like a car wash, a repair shop, a tire shop, a grill, or a convenience store to bring in more customers. When you own the location, you can either opt to run these services yourself or rent that part of your station out for someone else to manage.
Buying a Service Station with a Convenience Store
If you purchase a service station that does not have the means to offer other services to your customers, then you will want to start by adding a convenience store as soon as you can because this is one of the best ways o increase your profits. Typically, gas alone provides very little profit, so if you can a get your customers inside, you will be able to make more sales, which means much more profit. Since this is an area where a lot of highways connect, you can expect travelers to be looking for a place to pick up snack and drinks for their travels. In fact, if you have the ability to add a grill, warm food will most likely bring in even more customers.
Neighborhoods to Consider for Your Investment
Being that this is one of the largest cities in the state of Massachusetts, there are quite a few neighborhoods to consider in the area. A few of the best neighborhoods for this type of investment include:
- Westville
- Oakland
- Summerset Avenue
- Bay Street
- Whittenton
- City Center
- Weir Village
All of these areas offer great opportunities with access to highways and local roads that are heavily traveled, but the closer to the city center you choose as a location for your investment, the more highways you will find in the area. Boston City Properties is a real estate agent who knows this area of Massachusetts well, so if you need help finding an investment or you are simply seeking a list of what is currently on the market call 617-247-1933 today.
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gas stations