Yarmouth Gas Stations

When you're looking to own a gas station in the state of Massachusetts, there are more than a few paths that can help you capitalize at a respectable rate. That being said, finding the right areas to establish service stations is crucial, and for those that want to seize on a larger town with a sizeable community of motorists and commuters, then Yarmouth is a great choice. This town has a large population of 23,000 people and since it's a part of the Cape Cod Metro area, this is also a good town to seize on the traffic that is generated during the warmer months by the waves of vacationers that visit the area.

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Purchasing and Leasing Gas Stations

Owning a gas station can be done in two ways:

• Purchasing the Property Outright – If you're going to buy your service station, you'll have to have good credit and some capital, which will be used for the down payment on your loan. Service stations have a tendency to be expensive, but once you make a return, they can definitely provide some excellent profit, especially since they have a tendency to appreciate quickly. Control is also a major advantage; with a purchased station, you'll be able to make all of the major decisions from selecting the best suppliers to deciding station hours. Owning one of these also gives you something large to borrow against, so if you're thinking of expanding to a second station, then ownership certainly is a major equity builder.
• Leasing the Service Station from an Owner – Not everyone wants to put in the years of commitment required when you purchase your service station. With a lease, you can also start to make a profit at a much faster rate due to the fact that you won't be paying a mortgage or taxes.

A lessee can also use his or her lease to decide if the property is worth a purchase down the line as well. Also, as compared to a purchase, you'll spend far less leasing the property from an owner, at least in the short term. Finally, leasing allows you more freedom; if the station is underperforming or if there is something like construction work or a corporate competitor that's hindering your sales, you can opt to break the lease and try to lease somewhere else.

Buying a Service Station with a Convenience Store

If you're going to own a service station, then you should always buy one that also includes a convenience store. Selling gas isn't very profitable for station owners. This is due to the fact that much of the sale goes to the oil companies, the refineries, the delivery companies, and the government, so it's usually up to the service station owner to run expansion businesses like convenience stores in order to make a profit.

With one of these stores you can:

• Convert commuters and motorists that pay with cash into purchasing items like coffee, snacks, and drinks.
• Convert motorists that want to use the bathroom to also purchase items like coffee, snacks, and drinks.
• Employ unskilled labor to sell your products.
• Capitalize on the morning and evening crowd of commuters that want snacks and drinks after and before work.

Neighborhoods to Consider for Your Investment

This coastal town has six neighborhoods in which to open a service station:

• The Port
• South Yarmouth
• Bass River
• The West Side
• Town Center
• Old Town House Road

While there are no interstates that go through town, there are plenty of local routes that pass through just about all of these neighborhoods, and during the summer months, just about every one of them is used by vacationers. This means that there is a chance for sizeable profit, especially during this time of the year. If you're wondering what kinds of service station opportunities are available, give Boston City Properties a call today at 617-247-1933.

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gas stations