Whitman Gas Stations
Whitman, which is a town that is located in Plymouth County, is a great option for an investor who is looking for a profitable service station in the area. This small town, which is home to about 15,000 individuals, does not have any major interstates running through the area, but there are quite a few major intersections and state routes in the area that are used by locals and travelers alike.
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Purchasing and Leasing Gas Stations
Investing in a service station comes with a lot of decisions that you need to make, which include the town or city that you want to invest in, the type of additions that you want the station to have, and whether you are going to buy or lease the property. There are quite a few benefits for both that you can consider, which include:
- Leasing – Leasing is a great option to consider when your cash flow is low because you will not need to put down a large deposit to initiate the investment. In addition, maintaining the property is the responsibility of the owner, which means that you will not be spending extra on the property right away. Leasing allows you to get a feel for the neighborhood before you make a long-term investment.
- Buying – When you purchase the property, you will have the final say regarding everything about the station. You can choose your supplier, your promotions, and the services that you provide. If you decide to expand, you can opt for a car wash, a repair shop, or a convenience store, and if you find that running this addition requires more time and resources than you have to run, you can always rent it out to an interested party in the community.
Buying a Service Station with a Convenience Store
When you purchase a service station, you will find that a lot of the profit that you make does not come from the gas that you sell, so if you have a station that only provides gas to the community, then you will want to expand. Adding a convenience store is a great way to make more of a profit for your location, but what features of a store should you invest in?
- A Grill - When you can prepare food in the store that you are creating, you will be able to fill a niche that fast food restaurants typically fill for locals. You can easily serve hot dogs and burgers for lunch, sandwiches for breakfast, and snacks throughout the day.
- Fresh Coffee – Locals who pass your station on a daily basis are going to be pleased that you offer fresh, hot coffee at all times. This may not seem like a huge investment, but coffee sells, especially in the mornings.
- A Bathroom – Service stations that have outdoor bathrooms tend to be passed over by potential customers who are passing through. If you have an indoor restroom that is clean, then customers will stop to use it, and they will most likely browse the goods that you sell before leaving the store.
Neighborhoods to Consider for Your Investment
This is an area of Massachusetts that is great for real estate opportunities, but before you decide where to invest, it is important to consider the neighborhoods. In Whitman, there are four unique neighborhoods to consider, which are:
- Town Center
- Rye Hill
- School Street
- Auburnville
Out of all of the neighborhoods that can be found here, the town center is the most densely populated, which will make it a great location to consider. Contact Boston City Properties today at 617-247-1933 for more information about the properties in the area that are available. We have years of experience with this type of investment, so one of our agents can help you find a profitable investment quickly.
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gas stations