Tyngsborough Gas Stations

One of the best commuter-friendly features of Tyngsborough is the fact that it grants quick and easy access to Route 3, which provides a straight shot into Boston. For this reason, many of this Middlesex County town's residents are commuters that drive in and out of the city on a daily basis. This is why the town of Tyngsborough is a great choice for an investor that's considering opening up a gas station in town. Gas stations can be significant money makers, and if you find the right location, you will earn a quick return on investment.

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Purchasing and Leasing Gas Stations

So, you're thinking about investing in a service station but aren't quite sure where to start. Fortunately, you'll have two options when it comes to the initial investment:

• Leasing the Station – If you are looking for an easier way to start up a business like this, the method with the lowest bar for entry is simply leasing your new station from an existing owner. When you choose this method, you won't need as big of a buy-in, you won't need stellar credit, and you won't be fully responsible for the equipment. Also, renting your space on a lease is a great way to see how a station performs; it's fairly easy for a station to not get much business as a result of corporate competitors or a poor location, so leasing is a good way to get a feel about the stations performance before you commit and purchase it.
• Purchasing the Station – If you're looking to commit, purchasing the station outright is a great choice. While it may take a few years for you to capitalize fully, this is definitely one of the best ways to make a profit after some time has passed. This is also the best way to have more control of the day-to-day operations of the service station; you'll pick the suppliers, you'll have control over the equipment, and you will also have the option to sell or lease down the line. Owning also grants the option to use a 1031 exchange to change up properties if the one you own is underperforming.

Buying a Service Station with a Convenience Store

If you're going to make money, it's a good idea to purchase or lease a service station that already includes a preexisting convenience store. This is because of the fact that the simple sale of gas isn't quite enough to make a lot of profit due to the fact that much of the sale goes to the oil companies and refineries.

If you want to make a sizeable profit, then providing customers with access to a convenience store is a strong strategy. Convenience benefit from a captive clientele because customers will come into the store to use the facilities or to pay for their gas, and when they are inside, they can be compelled to purchase coffee or snacks, which can generate sizeable profits for you.

Neighborhoods to Consider for Your Investment

In this smaller town, there are two neighborhoods to consider:

• Town Center
• Camp Kiwanis/Norris Corner

Both of these neighborhoods provide access to Route 3, but if you're looking for more vehicle traffic, the town center is a fairly strong location for a service station. In any situation, if you're purchasing or leasing a place like this, you should execute extensive due diligence so that you can find the best location for your business. Boston City Properties has detailed listings throughout the state of prospective service stations, and we can help you find the location that is best for you. Give us a call at 617-247-1933 today.

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