An Introduction To Buying a Gas Station
A service station can be a great source of revenue, but your profits can be razor thin. On average, the cost of property for a gas station, installation of the tanks, and the other necessities that go into it will cost around $1,940,000. After this major expense, the station will cost another $250,000 to operate, and another $160,000 each year in products for the store.
All told, this means you’ll need to generate more than $410,000 each year just to break even—and that doesn’t include the amount you’ll pay in taxes and business licenses. The average service station generates around $300,000 each year in profit, although even that number goes down if you have to pay employees.
On the other hand, you can help your bottom line if you find a company that handles service station maintenance California at a lower price. A reliable company can literally be worth their weight in gold, and anything that helps you lower your bottom line without violating federal regulations is something you’ll want to look into. When you work with large sums of money and materials like a service station, your margins can be slim to none, with little room for mistakes.
Maintenance needs include service calls, repair of point of sale machines, calibrating the fuel tanks underground, fuel system maintenance, and much more. It’s too much work for a single person to handle, no matter how many hours per day they work. Even if it costs money, it’s better to hire a company with a lot of experience that can keep your station operation. Remember, every hour your business isn’t running is an hour that you aren’t making money.
Take the time to look into service station maintenance companies near you and find one that can handle all the unique quirks of your station.