Wayland Gas Stations
Located in Middlesex County, Wayland, Massachusetts, is a relatively small town of about 14,000 residents. Since Boston is only about 18 miles from this town, many of the residents who live here commute to and from the city daily using their personal vehicles. I-90, which is also known as the Massachusetts Turnpike, borders the southern part of this town, while I-95, which reaches the majority of the east coast, is located just outside of the eastern part of town.
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Purchasing and Leasing Gas Stations
Though investing in property typically means that you are going to purchase the property, that is not your only option. When you purchase the station, you will have a lot of freedom when it comes to what you want to do with the location, especially if it is not a franchise. You will be able to name your location, decide on the supplier, and decide which promotions work best for your location. You will also be able to expand the services that are offered at the station any way that you see fit, which means that you can add a repair shop, a tire shop, a car wash, or a convenience store. In fact, if you have enough space, you can add several expansions.
If you are unsure the investment that you are about to make in any way, you can always opt to lease the property for the short-term so that you can get a taste of how business in the neighborhood is. You will be able to see how the traffic flows and whether the location is profitable. When you lease, you will not have to worry about a large down payment or paying the taxes on the property. In fact, repairs will even fall on the owner unless otherwise stated in your lease.
Buying a Service Station with a Convenience Store
When you purchase a service station, you should not expect to make a huge profit by selling gas alone. The majority of what you make for each gas sale is going to go to the supplier, the distributor, and taxes, so if you are able to expand, it is important that you do. One of the most valued expansions that you can make when you own a service station is going to be a convenience store. Whether your customers pay for gas with cash or card, they are likely to step inside the store to get a drink or a snack. One way that you can entice customers to come inside is to have promotions posted at the pump. Make sure to have fresh coffee for residents of the community to enjoy in the morning as well as a grill that can be used to make breakfast sandwiches.
Neighborhoods to Consider for Your Investment
Since this area has a very low crime rate, it is one of the optimal locations to invest in a service station in the state, especially if you can find the right location for your business. There are three neighborhoods in the community worth considering, which are:
- Tower Hill
- Town Center
- Cochituate
Out of all of these neighborhoods, Town Center is the most populous, but the southern portion of the town, which is the neighborhood of Cochituate, is the one that is closest to the Massachusetts Turnpike, which is a great way to bring in more customers. If you want to find an investment in a specific area of this community, you can contact Boston City Properties at 617-247-1933. We know this area of the state well, so we will be able to help you find a great investment quickly.
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