Upton Gas Stations

With a population that's only a little above 7,000 residents, the town of Upton, Massachusetts, is a smaller community that's nevertheless an excellent place to invest. Not only does it have an active property market, but commercial business options are also growing as well. Upton is located in Worcester County, and as a result, it grants fairly easy commuter access to the cities of Boston and Worcester, and as a result, there's a distinct need for fuel depots throughout the town. For this reason, a gas station investment can be one of the investment properties that can make you a significant return.

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Purchasing and Leasing Gas Stations

If you choose to undergo an investment of this type, it is important to understand that you'll either be able to purchase the property outright or lease it from an existing owner. Both ways of starting up a service station business can be very lucrative, but each method provides a somewhat different experience from the other, so let's take a look at each.

If you are thinking to purchase a property of this type from an owner, you'll note that you will have a lot of control over just about every aspect of the service station. Not only will you be able to select things like your suppliers, your equipment, and what you do with the space, but you'll also be able to make decisions on weekly or monthly promotions as well.

Also, since consumers have a tendency to gravitate to stations that are on the larger side, you can usually add on to your property so that it's one of the largest in town. If you don't want to manage add-on businesses like car washes and convenience stores, it is fairly simple to find business owners to lease space to, which means that you'll see cash flow on a month-to-month basis.

On the other hand, if you are going to lease your space, you'll be able to be far less committed, which is why some prospective owners opt to lease before they make a buying decision because it allows them to evaluate a station's performance first. Also, there's a reduced financial requirement; with a leased property, you won't need excellent credit or a lot of money up front.

Buying a Service Station with a Convenience Store

If you're thinking about purchasing or leasing a property of this type, it's a good idea to seek out a new investment that has a convenience store on-premise. Convenience stores make capitalization and profit much easier to achieve because of the fact that they have a high level of overlap with your gas sales.

When commuters are starting or ending their commute, they may need to use the bathroom or to pay for their gas in cash. When this happens, they will be inclined to come into your convenience store, and once they are inside, items like lottery tickets, coffee, snacks, and the daily newspaper will be there to entice them to make a purchase. As a result of this, you can end up making a significant profit just by selling these items.

In fact, with a well-frequented convenience store, you can end up making well in excess of the profits that you earn from gas sales. This is the case because much of the profit from gas ends up going to the oil companies, the refineries, the government, and the delivery companies. Fortunately, the sales of gas can serve as a great way to get people into your store.

Neighborhoods to Consider for Your Investment

As a smaller town of 7,000-plus residents, Upton only really has a single neighborhood. Fortunately, there are still a few options in the main town area for service station investments. If you want to know what's available in the area, give Boston City Properties a call at 617-247-1933, and we can help you find your next investment.

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gas stations