Wenham Gas Stations

Wenham is famous for its small town living, and in recent years it's also become well-known as one of the "Best Places to Live," thanks to its ranking in Boston Magazine. The town is only about 28 miles from Boston, which means that it's perfect for commuters that want to go home and relax in a suburban environment at the end of the day. In fact, many of the town's tech-oriented population choose to drive to and from the city, which is why this is also a good community to consider an investment in a gas station. Gas stations, while location-centric, can be very profitable in a town like this one, and an investor can definitely use them to make profits in related ancillary businesses as well.

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Purchasing and Leasing Gas Stations

When you're ready to consider this kind of investment, the first thing you'll find out is that you'll be able to choose from two acquisition options: purchasing the property or leasing it. Opting to purchase a station like this can be a very profitable option, but it's important to understand that service stations have a tendency to run well into the millions from an investment point of view, and you're going to need great credit to find optimal financing.

With this taken into consideration, when you have purchased a property like this, you will have complete and utter control of the day-to-day operations. You will be able to select your supplier, your equipment, and what you would like to sell at the service station to supplement your sales. The majority of service stations in the United States are owner-operated, so it's a good idea to expect to have to put some hours in at your service station.

Leasing is also a very viable type of ownership. When you lease, you won't need nearly the amount of capital that you'd need with a purchase, and you won't have to have a stellar credit score either. Many prospective service station owners also opt to lease their stations first before buying because doing so can help the investor decide if the property performs.

With any kind of acquisition, it is important to have the right location that can seize on motorists and commuters, which is why some due diligence is required before you settle on a location. Leasing gives you a bit of wiggle room; if the property doesn't work out, either break or wait out the lease and try someplace else.

Buying a Service Station with a Convenience Store

You're going to want to have other methods of cash flow when you invest in a service station due to the fact that profit margins from gas sales are typically very thin. That being said, there are more than a few unique ways of capitalization when you own a service station, but of all of the techniques, owning a convenience store really stands out.

With a town like this one, there are more than a few commuters that would love a one-stop-shop when they get their gas. Not only is it convenient to get your gas, your coffee, and your snacks from one location, but you can also ensure the synchronicity of these types of sales by having a convenience store where cash customers have to pay inside.

Neighborhoods to Consider for Your Investment

As a smaller town, Wenham does not have smaller neighborhoods. That being said, there are more than a few options for investing in a service station in this town, and Boston City Properties can help you find the one that best fits your needs by using our thorough and complete records. Give us a call at 617-247-1933 today.

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gas stations