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Wareham Gas Stations

Are you looking for a great investment opportunity in Plymouth County? If so, the town of Wareham, which is a mid-sized community that is known as a prime vacation spot, the opportunities here are plentiful, especially if you are considering diving into the oil industry. In fact, the western side of town is even dissected by both I-195 and I-495, which are both major highways that can bring a lot of potential business to your location.

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Purchasing and Leasing Gas Stations

A service station can be a great investment to make if you find the right location, but that can be difficult to do if you do not know the area that you are considering. One of the easiest ways to get to know the area and the traffic patterns there is to lease property. This means that you will be effectively running a service station without owning the building, so you may not be able to expand to increase your profits, but you will have other freedoms.

If you purchase a station, you will be able to make any expansions that you want for your business to bring in more profits, but you will also be responsible for repairs, maintenance, and deciding which hours are best for your location to be open. Regardless of whether you choose to lease or buy, you will have to choose whether you want your service station to be branded or not.

If you choose an independent station for your endeavor, you will be able to select the name, the gas supplier, and the promotions. But customers may not trust your location as much because it is an unknown brand. A branded company is going to limit your control a bit to ensure that all of their locations have the same supplier and promotions, so before you decide to invest, decide which option is best for you.

Buying a Service Station with a Convenience Store

One of the easiest ways to increase the profits that you can make at your location is to purchase a service station with a convenience store. If a convenience store does not already exist, then you should consider expanding so that your business includes on as soon as possible. This is because having a store draws customers in to purchase more merchandise.

Residents who live in the area may stop in the morning for a cup of coffee to enjoy on the way to work, while travelers that are passing through may need a cold drink and some snacks for the road. When you have a store at your location, it is important that you cater to the community and the type of snacks that they will enjoy. In fact, you can even make hot sandwiches if you have the space for a grill.

Neighborhoods to Consider for Your Investment

One of the biggest decisions that you need to make when you are investing in a service station is the location. Since this is a seaside town, there is a lot of water surrounding the area, which brings in vacationers as well as locals. There are four neighborhoods to consider here:

The western side of the town, which is also known as Weweantic, seems to be the most profitable location in the community because of the position of the highways, but White Island Shores also has a lot of state routes that may be worth considering. For assistance finding your next investment, contact Boston City Properties at 617-247-1933. We have years of experience working with real estate in the Boston Metro area, so we will be able to help you find your ideal investment quickly.

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gas stations