Winthrop Gas Stations
The city of Winthrop is one of the most beautiful coastal cities in the state of Massachusetts, and this city of 18,190 people is also very convenient because it's only about six miles from Boston, which is why much of its population are commuters. As a result, the community is ripe for investment by investors looking to tap into the professionals that make this city their home, and one of the better ways to invest in Winthrop is by investing in a gas station within the town's limits.
Click Here to Search
gas stations
Purchasing and Leasing Gas Stations
If you're looking to get started acquiring your first service station, you should be aware that your acquisition options are similar to just about any other investment property because you can opt to purchase or lease the station.
For those that choose to purchase, you'll need a loan in most cases and having extra capital is also a good idea. Once you've purchased the property, you'll have a high amount of control over how the station is run. Not only will you have control over the property's daily operations such as hours, employees, and expansions, but you'll also be able to decide which suppliers you work with when purchasing gas.
Additionally, when you're done paying off your loan, you will be able to receive a fairly high level of cash flow, and when you're ready to retire, you can opt to lease or sell your service station for a considerable profit.
Leasers, on the other hand, will have a decreased level of commitment and a smaller initial buy-in price. When you sign a commercial lease, you'll usually have a fairly long lease period, which will become increasingly easy to pay off over time. Additionally, you'll also have options to break or ride out the lease when a new investment opportunity presents itself.
Buying a Service Station with a Convenience Store
When you purchase or lease a service station, there's one inescapable fact that you'll be faced with: the profit margins for gas sales don't really favor the service station owner. For this reason, it's always a good idea to seek out a service station that comes with an attached expansion business. This can include an auto repair shop, a car wash, or even an eatery, but one of the most lucrative types of expansion businesses is the convenience store.
Convenience stores have these advantages:
- Commuters that pay in cash will have to come into the store, which increases the chance that they'll purchase something.
- Service stations that have convenience stores near highways can generate business when motorists make rest stops.
- Daily commuters prefer a one-stop-shop experience where they can fuel up, buy their morning coffee, and grab a snack all in one location.
- Convenience stores also have the ability to generate business from foot traffic as well.
- These types of stores will not require skilled labor to be run.
Neighborhoods to Consider for Your Investment
If you're going to make money running a service station, then you'll need to take advantage of location. One of the most important things is to be positioned in such a way as to take advantage of vehicle traffic patterns, which is why some of the neighborhoods in this town could be more difficult than others for a service station. Here is a list of the neighborhoods in this city:
- Court Park
- Veterans Road
- City Center
- The Highlands
- Sturgis Street
It's important to note that this town is a coastal community, so some of the most common areas for vehicle traffic will be around the Highlands, the city center, and Court Park areas. These areas have high levels of traffic and are relatively near to highways like Interstate 90. If you're looking for an opportunity in town, give us a call at Boston City Properties at 617-247-1933.
Click Here to Search
gas stations