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Is it a good idea to get into gas station business now?

With more and more emphasis on fuel efficient cars and electric cars, is this a good long term bet? The gas station i am planning to buy is priced at 125k, how much return can one expect?

Thanks in advance!

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Answers (9)
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Sep 22, 2017
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Sep 9, 2017
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Sep 7, 2017
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Aug 31, 2017
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The BAF Group LLC
MD

Tom, I agree with you about the way the brands put their thumbs on the dealers, to the point where the dealers can't earn a worthwhile amount. I think I have said that several times, on several occasions in what I have written here.

And in times like this, when there is an over supply of Oil and Gas, being non-branded is great! You can get supplies at less than you could with most (if not all) of the brands.

But when there is not much Oil moving, there is not much Gas being sold to the jobbers and distributors. When Gas supplies were tight, only the brands were getting Gas delivered. I dealt with half a dozen non-branded dealers that were only getting deliveries every other week, and they were running out in four or five days. It was a long, dry time between those deliveries, but their Rent or Mortgage and Utilities still had to be paid!

It is a tough, tough business right now, no matter what you do.

Sep 21, 2009
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When you buy gasstation make sure you avoid brand name like b.p. and lukoil they suck the
gasstation dealer dry . i have a gasstation don't get fool by person who is selling a gasstation
make sure u buy gas station base on c-store sale.

Sep 21, 2009
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The BAF Group LLC
MD

John, John, John...where did your mother and I go wrong...?

There are a ton of problems, some more intense than others, depending upon your location. In the mid-Atlantic states, stores like Farm Stores, WaWa and Sheetz are cutting margins to the ribbon, while mounting mammoth C-Stores the average guy (or gal) can't build or support. Then, Sam's Club, Cosco, BJs and even Safeway are coming in as well, further cutting the margins in other areas. That seems to be a bit of a wave of the future. I have literally seen a dozen or more guys I know who have just thrown in the keys and closed the doors on their stations, after I (and other Brokers) told them they had nothing to sell!

Combine that with the Dealers in virtually all Stations only being given three (3) year leases, leases that are enormously costly and wholesale pricing that is (in some states, illegally) districted. Your worst enemy is frequently the Oil Company whose brand you carry.

When Gas prices go up and down like a yo-yo, some Oil Companies are forced (or maybe scheming) to restrict supplies. You can find yourself without Gas, but they don't cut you a break on Rent, during those times.

C-Stores are undoubtedly where you get your money. Go back to my first comments about the competition. Gas largely goes for Rent. But many Oil Companies force you to live with 24-hour operations, even though you may earn a Gross Revenue of $20 during the hours between midnight and 6AM; but you are still paying the help, during those hours. If you have no traffic, even a C-Store does you no good.

I could go on and on, but to sum it up I will tell you, unless you own the property, I would not buy a Gas Station at this point. At least, if you buy the property, you gain equity in the Real Estate over time, and you are not at the mercy of the Oil Companies or Jobbers for your Rent and renewals.

Without the property, at its very best, a Gas Station is not an investment; it is merely buying yourself a job. And frankly, you could earn better money as a waiter in one of your Restaurants, without the risk, the headaches, the pressure...

Sep 6, 2009
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Don , could you elaborate please? I have toyed with the idea in the past but never even discussed it seriously. I know you don't make any money on gas but what about the c-store part of it. Details, please, lol. why is it bad?

Sep 6, 2009
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The BAF Group LLC
MD

No, it is not a good time. And you don't make money on the gas. If you are asking that question in that way, DON'T BUY A GAS STATION! I am not trying to be insulting, I am giving you fair warning that you know nothing about the business in which you are trying to enter. Don't do it!

Sep 6, 2009