Topsfield Gas Stations

One of the features that makes the Boston suburbs so attractive is the fact that many allow for commuters from Boston to settle down to a suburban lifestyle after busy days in the city. The town of Topsfield, which is only 22 miles from Boston, is one such small town that provides access to both Salem and Boston. As a result, this town has its share of daily commuters, and as a result, intrepid investors can make a good profit providing fuel for these commuters at the beginning and end of their daily commute.

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Purchasing and Leasing Gas Stations

Choosing a service station as an investment can provide a fairly large financial windfall, but the way that you enter into this investment can vary. Similarly to other types of commercial property investment, you will have a choice to become an outright owner of the station and potentially the land that it rests on, or you have the option to simply lease the station from an existing owner.

Which option you pick can greatly affect the overall experience of owning a business of this type and will be entirely based on your preferences, but if you opt to purchase the station, you'll typically have much more control than if you were leasing. When you choose to own, you can also have a greater level of customization at your station; you'll be able to select your suppliers, to upgrade the equipment, and to select the promotions that you want.

Owning also allows you to rent out some of the space on the station's property for things like convenience stores, garages, and car washes. When it's time to retire, you'll also have the option to completely sell or lease the gas station so that you can have a sizeable amount of money to retire comfortably with.

On the other hand, there are definitely reasons to lease your station as well. In fact, many potential owners opt to rent first before owning because renting gives them an idea of how well the station will perform if they decide to purchase it. Also, leasing is a good idea for anyone that has a meager amount of on-hand capital or for anyone with less-than-stellar credit scores. In fact, opting to lease a space like this can cost hundreds of thousands less than purchasing the station outright.

Buying a Service Station with a Convenience Store

While you can make some money if there is a lot of demand, it's very hard to see a sizeable profit just selling gas. This is because more than 99 percent of the profits off of each gallon of gas sold will end up going to sources like the oil companies, taxes, the refineries, and the delivery company. For this reason, you'll either want to lease out some of your space for an expansion business, or you'll want to open up an expansion yourself, and the most common form of expansion business is the convenience store.

Convenience stores are a perfect way to segue gas sales into other forms of capital generation. For example, many commuters fill up in the mornings during their commute to Boston and other areas, but when they stop, they may want a snack, coffee, the morning paper, or coffee. If you own a convenience store, you can make a significant profit selling these items, and the fact that some customers will have to come into the store to purchase their gas means that you can entice them with promotions featuring these types of items.

Neighborhoods to Consider for Your Investment

Topsfield is a beautiful town that is fairly close to Boston, but it's also very small, so there really is only one neighborhood for town residents. That being said, there are service station options for investors in town that can be perfect for turning a profit. Give Boston City Properties a call at 617-247-1933, and we will tell you what is available.

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gas stations