Tennessee Gas Station Lease Memorandum - Sample
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FAQ
Before they sell gas to you, station owners buy gas on the wholesale market. When the wholesale price of gasoline falls quickly the difference between the cost of wholesale gasoline (including taxes) and the price at the pump gets wider, boosting profits for stations.
Gas station owners can earn an average salary of close to $70,000, according to the job board Indeed.
Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Across the country, there are over 100,000 gas station/convenience stores which bring a cumulative of over $400 billion revenue each year.
Costco. Exxon. Holiday. Kwik Trip. Mobil. Shell. Sinclair. Texaco.
As you might guess, a gas station owner salary varies depending on a number of factors but a successful gas station owner can make anywhere from $40,000 to $100,000 annually. But it's going to take a lot of work. Gas stations that do more than serve gas tend to make more money.
BP. See at BP. Chevron. See at Chevron. Mobil. See at Mobil. Shell. See at Shell. Marathon. See at Marathon.
The actual sale of gasoline is not really profitable in most cases the average margin is just 1.5-2 percent but, that's why most gas stations are combined with other services such as a convenience store, car wash, or service garage.
There's no such thing as better gas. Companies like Chevron try to tell you their gasoline is superior because it has Techron in it. However, all gas has detergents that prevent clogging in the fuel injector, and no brand of gas is better quality than any other for your vehicle.
If you are an aspiring investor, then gas stations are a great option if located and run properly. They can be a reliable source of some healthy profits. If you have the right capital and expertise, then starting a gas station should be a viable alternative for you.