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There are so many variables in purchasing a spot for a gas station. The location of a gas station in Palm Beach County being maybe the most important. What one charges or pays for gas will be highly dependent if it’s in Jupiter on the corner of I 95 and the Florida turnpike or it’s in a remote section of West Palm Beach.
Other options are if the station is newly built, pumping equipment, the food mart and the amenities that a convenient store offers. Those can include but are not limited to an array of grocery and pharmacy items, bagels, coffee, slushy‘s, beverages, custom-made food or sandwiches, and so much more. Also if the stations exterior and interior have been newly updated, materials used in the bathrooms, and the ease from major thoroughfares and parking. Major brands and franchises in the area include BP, Circle K, Citgo, Chevron, Cumberland Farms, Exxon, Marathon, Mobil, 7-Eleven, Race Trac, Sam’s Gas, Shell, Speedway, Sunoco, Texaco, Wa Wa,
All sorts of other extras that are important are what are those signage like, traffic patterns, air supply for filling up tires, brand of the station, vacuum receptacles, electric and diesel capabilities, how many stations, car wash, parking spots and so much more.
As mentioned, gas station sales can vary depending upon the conveniences that you find. Customers are more likely to be attracted to ‘one-stop-shops’ where they can fill up on gas, wash the car and perform light maintenance, and pick up groceries or stop for a coffee and a bite to eat. The industry does however primarily rely on the fuel sales, which is topped up by revenue from the various amenities. There has been strong growth in oil prices in recent years, and merchandise sales from gas stations have also been on the rise. Since 2014, the industry has grown by 3.3% – with a 2.1% growth in businesses, and a 5.6% growth in the number of employees.
Well established gas stations always perform well, as consumers tend to fall into a routine of picking up gas at a certain point along their usual route heading home, or on the way to work. Easy access into and out from the gas station is also important. You can think of buying a gas station as buying any other established business – it is often less risky than starting your very own. There are however lots of aspects of the business that need to be taken into account such as management of the conveniences, franchise operations, and leases on the equipment. Regardless, buying a gas station is one of the top 3 choices for people looking to buy a business, and it can be both profitable and rewarding. If you have passion, skills, and knowledge, you can continue to make positive changes to optimize your revenue.
Hello Jeff, My name is Amy Moses, and I recently had the pleasure of working with Jamie Garber! We bought a property and sold the same property...
Mr. & Mrs. Nicholas Moses - Jupiter FarmsRead More >
First of all, thank you Blake for your outstanding service in assisting in the sale of Unit 2156! You are one of the most incredible agents...
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Jeff you an your crew did an excellent job getting the house sold an a timely manner an the right price. Thank you so much for paying attention...
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From PGA National homes to Admiral Cove, you've discovered the top source of comprehensive information on homes in Northern Palm Beach County communities. Jeff Lichtenstein of Illustrated Properties is the top producing real estate agent in these locations. Jeff has sold over 300 homes, more than anyone else since 2001. He caters to the Waterfront, golf & ranch, and luxury communities here. His focus has always been on providing exceptional service, showcasing quality properties and working with quality clientele. Jeff your only choice for a real estate agent in the area if you're looking for the best. Whether you're looking to sell a home in Admiral's cove or buy one of the beautiful PGA National homes, you need to talk to Jeff Lichtenstein.
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