Wellesley Gas Stations

The suburbs of Boston are a great location to invest in a service station. Wellesley, which is one of the most expensive locations to live in the state of Massachusetts, is full of businessmen and woman who travel to Boston on a daily basis, especially since it is only about 17 miles to commute each way. Interstate 95 runs right through the town, and there are at least four other state routes that can be found here as well.

Click Here to Search

gas stations

Purchasing and Leasing Gas Stations

Investing in a service station can be stressful at first, especially when you are required to come up with a rather large down payment for a property that is going to cost over a million dollars to obtain. Many investors opt to lease a property first so that they can make sure that it is a solid investment worth making. Let's take a look at both options:

• Leasing – Leasing is a way to get your feet wet in the oil industry before you dive in head first. With this option, you will not be responsible for the taxes on the property, the repairs that need to be done, and which supplier your gas comes from. Leasing means that you will be able to be in charge of the daily operations so that you can see which promotions work best for the community, if the traffic patterns in the area are beneficial for your business, and whether or not this is a good location to invest in. You can choose a short-term lease or a long-term lease, which allows you to end the terms of your lease with ease if the investment fails and you want to try another location.
• Buying – When you purchase the station, you are going to have a lot more freedom when it comes to the property. One of the main things that you can consider when you own the property is adding more expansions to the station to help increase your profits. This can be a repair shop, a simple car wash, or a convenience store. In addition, as the owner, you will be able to decide whether to run the expansion yourself or rent it to another party to run it on a daily basis.

Buying a Service Station with a Convenience Store

A convenience store is very important for anyone who wants to increase their profit margins. In fact, purchasing a service station that already has a store included is going to be the most profitable purchase, but if you cannot find a good location with a store, consider adding one to your station as soon as possible. The profits from gas are minimal, so if you can get those same customers inside to purchase a few items each time they fill up, you are likely to see a big increase in profits. In addition, residents of the community will often stop in the morning for a fresh cup of coffee or a breakfast sandwich, so if you have space for a grill, opt for that as well.

Neighborhoods to Consider for Your Investment

In this town, there are six unique neighborhoods that you can consider for your investment, which are:

• Wellesley Farms
• Overbrook
• Town Center
• Babson Park
• Worcester Street
• East Natick

All of these neighborhoods are quiet locations that have a very low crime rate, which makes for an ideal location for a business. Highways can be found throughout, but I-95 is located to the east of the town, so if you want commuter traffic from this highway as well, it may be worth looking near Worcester Street. For a listing of available opportunities call Boston City Properties today at 617-247-1933.

Click Here to Search

gas stations