Woburn Gas Stations

While Woburn is technically considered a Boston suburb, it's actually a city in its own right due to the fact that it has a fairly urban environment and a population of more than 40,000 people. As a result, this city has more than a few opportunities for its residents and for any investor that is looking to find a new market in which to invest. As a Boston suburb, Woburn is only about nine miles from Boston, which means that many of the city's residents often make the commute to Boston on a daily basis, which is why gas stations are a fairly safe investment in this town.

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Purchasing and Leasing Gas Stations

Like other types of commercial property, you can opt to either purchase a service station or lease it from an owner. Which of these options serves your needs best will depend solely on you, but in this section, let's take a look at what makes each decision shine:

Purchasing the Station

• You can select your own suppliers.
• You can set your station's hours.
• You can expand on the property as you see fit.
• Once you pay off your mortgage, you'll experience significant cash flow.
• You can lease space to other entrepreneurs that want to open up expansion businesses.
• You can sell the property when you're ready to retire so that you have a large nest egg.
• You can lease the station after you retire so that you can have steady monthly cash flow.
• You won't have to adhere to a corporate brand's promotions.

Leasing the Station

• There is far less commitment required than a purchase.
• You won't have to have a stellar credit score to lease a property.
• There is no mortgage or real estate tax for a leased property.
• You can use a lease to scout out a property before you purchase it.
• The initial cost of leasing a service station falls far below the cost of purchasing one.
• You can opt to open it as a franchise station, which provides extensive support.
• The on-premise equipment and tanks are still the owner's responsibility.
• If the property is underperforming, you can break or simply wait out the lease.

Buying a Service Station with a Convenience Store

When you're in the market for a service station, it's very important that you understand that these stations don't make a lot of profit off of gas sales. In fact, for every dollar of gas sold, you can only realistically expect to see about one to two percent of the profit. For this reason, if you're going to be leasing a service station, never select one that doesn't have an expansion business that comes along with the lease like a car wash, garage, or the ever-lucrative convenience store.

In fact, the sale of gas is best used as a gateway to selling your morning commuters and motorists other items that they can find in an attached convenience store. These customers can purchase items like gum, coffee, snacks, or drinks in the store, and since cash purchases for fuel have to be done in the inside, you'll have a much higher chance of securing a sale.

Neighborhoods to Consider for Your Investment

This city has several neighborhoods:

• Shaker Hill
• Central Square/Walnut Hill
• Montvale
• Salem Street
• City Center
• The North Section
• Main Street

As a city, many of these areas experience high levels of vehicle traffic, but if you're wondering which neighborhoods have service stations for sale or lease, then you can consult with us at Boston City Properties. Just give us a call at 617-247-1933.

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gas stations