Westport Gas Stations

Are you looking for an investment opportunity in Bristol County? Westport, which is located in the Providence Metro area, is only about 30 miles from the city of Providence, Rhode Island. This is a coastal town, so if you invest in a gas station in this area, not only will you have the locals as customers, you will be able to draw in crowds of beachgoers who flock here during the summer months.

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Purchasing and Leasing Gas Stations

When you decide to invest in a service station, you are going to need to decide whether it is more beneficial for you to lease the property or purchase it. Both options have their benefits, so here is a breakdown for you to consider:

Leasing

• Short-term commitments are a possibility.
• Repairs and maintenance will not fall on you to complete.
• You do not need to come up with a large down payment for the investment.
• You will be able to see how the station performs before committing.

Purchasing

• You will have complete say over expansions and upgrades on the property.
• You will be able to choose your supplier and the promotions that you use.
• If you own an independent station, you can select your station's name.
• You can choose the hours that your service station is open.

Buying a Service Station with a Convenience Store

If you plan to expand the services that your location provides, then adding a convenience store to the service station can be a great way to increase your profits. It will get your customers away from the pump, which means that they may be enticed to purchase more by just walking past snacks and drinks that they enjoy. Here are a few things to include in your store to increase profits:

• A restroom – This is because when a customer uses an indoor restroom, they tend to browse the items on the shelves on the way in and out of the store.
• A grill – The smell of hot food is enticing to customers who step into the store, so having a grill can potentially get you more sales.
• Coffee – Residents of the community may find that stopping at your store is convenient, especially if you have fresh coffee brewed in the mornings.
• A large selection of snacks and drinks – This is going to be the thing that customers grab the most when they come into the store, so if you have a large selection, you are likely to have something that the customer will want for their travels.
• Lottery options – Many customers who come in to get gas may want to play their lottery numbers for the day, and when they do, they tend to pick up some candy, gum, or something else that is located near the register that draws their eye.

Neighborhoods to Consider for Your Investment

In this area of the state, there are three unique neighborhoods that you can consider, which are:

• Acoaxet
• Town Center
• North Westport

All of the neighborhoods are great options for a service station, but if you are looking to pinpoint beachgoers as your customers, then the neighborhood touching the sea, which is Acoaxet, is a great option. On the other hand, I-195, as well as three other state routes, intersect in the northern part of town, which can help drum up a lot of business, especially if your station is open 24 hours a day. Need help finding a property that you can invest in? Call Boston City Properties today at 617-247-1933. We know the area, and we have the tools to help you find your next investment property with ease.

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gas stations