West Newbury Gas Stations

Located in Essex County, Massachusetts, West Newbury is a town that has over 4,000 residents, many of which are commuters to and from Boston, which is just 42 miles away. As a primarily white-collar town, you will also find a wide variety of professionals who drive, which is why this is a particularly good town in which to invest in a gas station. As a commercial property, gas stations can definitely experience extensive growth, especially considering the demand for fuel in towns like West Newbury that has a larger percentage of drivers.

Click Here to Search

gas stations

Purchasing and Leasing Gas Stations

If you're thinking about entering the industry and owning a service station, you'd be amazed at how much dedication it may require. With this in mind, leasing the station can make it so that less of a time requirement is involved. That being said, despite the commitment, there is a lot of reward when you own the station yourself, especially when you consider how much control you'll have. Which type of acquisition methodology you select will depend on your needs and business style, so let's take a look at each so that you can figure out which works best for you:

• Purchasing – In a way, purchasing is a way to receive the most freedom due to the fact that you will have the most control over the running of the service station. You will be able to decide on just about every aspect of the day-to-day process, and you'll manage all of the money-generating processes at play. With a purchase, you can even lease out parts of the station for heightened cash flow.
• Leasing – Not sure if this is the right business for your needs? One of the best features of leasing a service station is that you can use it to get to learn the industry before you opt to buy. In fact, you can even lease a specific location and then decide if it generates the revenue you'd need if you opted to purchase it later. Leasing also requires less money up front, and you won't need top-notch credit.

Buying a Service Station with a Convenience Store

To be blunt, you shouldn't expect to ever make a massive profit off of the sales of gas. When you sell gas, you will be paying a wide variety of sources that can range from the supplier to the federal government. At the end of the day, your share will typically be about one dollar per $50 dollars in gas sales, so if you're going to run a successful service station, you'll need other sources of income.

One silver lining to this whole situation is that gas is a necessity for drivers, and as a result, it can be used to help drivers make other purchases. For example, if a motorist is just passing through town on their way to Boston, they may use your station as a way to get gas and go to the bathroom. As they come back from the facilities, they may see some coffee or a snack that interests them and opt to make a purchase. It is from sales like this that you'll really start to profit when you own a service station.

Neighborhoods to Consider for Your Investment

This town, which only has a population of just over 4,000 residents, is relatively small, and as such, there are no constituent neighborhoods. That being said, Interstate 95 passes through the eastern edge of town, which means that this is a great area to purchase a service station. For a listing of the service station opportunities in this town, give Boston City Properties a call today at 617-247-1933.

Click Here to Search

gas stations