Westminster Gas Stations

Located about 50 miles from Boston, the town of Westminster is a great location to consider if you are considering investing in a service station. The town has a little less than 8,000 residents who find that traveling in their own vehicle is the best way to commute. State routes such as 2A, 2, and 140 all cross through this area of Worcester County, which means that individuals traveling through this area may be looking for a place to get gas, snacks, and drinks for the road.

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Purchasing and Leasing Gas Stations

Are you considering investing in a service station in the near future? Well, when you invest in a service station, you are going to need a large down payment as well as pretty good credit to get a loan for this type of investment. Once you get past the initial stages of the investment, you will find that when you purchase the property, you are going to have a lot of freedom.

To increase profit margins for your service station, you are going to need to make expansions that will increase the number of services that you offer. Depending on the location, you may wish to consider a convenience store, a repair shop, or a simple car wash. In fact, if you have space, you can even add all three expansions and more. Once the expansions are complete, you can opt to rent out that section of the store, but if you have the ability, you will make more profit by managing it yourself.

If you are working with low funds or your credit is not spectacular, you can opt to lease property instead of outright buying it. This allows you to get used to running a service station before you dive in, and you will be able to see if the location that you choose is going to be beneficial in the long run. In addition, repairs that need to be done on the property must be done by the owner. If you decide that the location is not as profitable as you'd like, leasing allows you to easily move to another location that is better suited for you and your portfolio.

Buying a Service Station with a Convenience Store

A convenience store is a great investment to make, especially if it is going to help you increase your profits. Ideally, you want a space that has an inside restroom so that potential customers who are passing through are more inclined to choose your service station to stop. Once they are inside, they are more likely to purchase snacks, drinks, lottery tickets, and cigarettes for their travels. Another thing that can increase your sales is having a grill or a food station where customers can order food the way that they like it. This means that you can have hot dogs, burgers, breakfast sandwiches, and more for your customers to enjoy as they fill their gas tanks.

Neighborhoods to Consider for Your Investment

Westminster is a very small town that only has about 35 square miles of land, so there is only one neighborhood in the community. That being said, this is an area that is low in crime, so a lot of families call this area home. If you are looking for a service station to invest in, there are quite a few options to consider. Boston City Properties has been working with investors in this area of the state for years, so they know a good opportunity when they see it. For a list of investments in the area worth considering, call 617-247-1933 today.

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gas stations