It’s not common to see a gas station on every corner in America anymore. But chances are if you pass a BP, there’s going to be an Amoco, American Gas, or Circle K either across the street or further down the road. Hybrids and electric cars have caused a slight decline in gas stations since 1994, but there are still well over 121,000 active and successful gas station companies nationwide. Yet owning a gas station can still be a successful venture for a serious entrepreneur. How can finding a gas station business for sale and buying a gas station help secure your financial future?
When gas prices drop, everyone’s happy–including the business owners. Gas station owners have to fuel their vehicles too. So, when gasoline prices drop, smart gas station business owners are really happy about it. Why is that the case? Well, unlike when the prices are high, people are less likely to drive around looking for the best deals. Having money left over from filling the tank means customers may spend more on snacks and beverages before leaving. More than 82% of gas stations in the U.S. are connected to convenience stores, and many of those are franchises. Investing in a gas station franchise that’s for sale can be the ideal solution for someone who wants an extra security net. Benefits may include:
If you’re thinking of buying a gas station, the good news is the world isn’t going to stop needing gasoline anytime soon. According to national statistics, there were almost 270 million roadworthy vehicles registered in 2016. The age of the average roadworthy vehicle is over 11 years because people are holding onto their vehicles longer. While electric charging stations may become more widespread in the future, finding a well-run and well-positioned gas station for sale can potentially be a black gold mine for the right entrepreneur.
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