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However, the business is also labor intensive, and your ability to operate profitably depends largely on factors -- like road construction or the price of fuel -- that are out of your control.
However, you aren't sure exactly where to find the financing you'll need or even how to start.
I'm going to give you an overview of how to find the right bank/financial institution, SBA and conventional loans, and other financing options for gas station purchases.
Gas station operations are typically valued relative to their sales.
However, when looking at a station's sales, it's important to break them out by category.
His work has appeared in trade publications such as the "Minnesota Real Estate Journal" and "Minnesota Multi-Housing Association Advocate." Lander holds a Bachelor of Arts in political science from Columbia University.
So, you've decided you want to buy an existing gas station for sale.
Unless you enjoy a location that lets you charge an above market price for your fuel -- like being right across the street from airport car returns -- gasoline sales are only marginally profitable after credit card fees.
As such, most stations make their money on the sales in their convenience stores or through add-ons of additional services, such as car washes.
Doing this makes the investment much more passive for you since you're just the landlord.
At the same time, you still have the benefit of owning what should be a good piece of land located on a busy corner.