Gas Stations (2/2)

Vehicles need fuel even when gas prices go up. Therefore, investing in a gas stationis often a very lucrative investment, especially since many gas stations today offer amenities that were not offered in generations before. In fact, it is often said that not only can you fuel your car at today’s gas station, you can also refuel yourself at the fast-food restaurants, convenience stores and high-end coffee houses that have gas stations now offer. By using the methods I teach in my real estate training, your gas station investment profits can be increased just by taking a few things into consideration.

Visibility and Traffic

Before investing in gas stations, it is important to review how visible the property is and what the traffic pattern is in the vicinity. Many times, gas stations fail due to lack of visibility or changes in traffic patterns. In my real estate training, I teach you how to determine if the visibility and traffic patterns are suitable for investing in a particular gas stationin order to minimize your risks.

Ease of Access and Location

When people need fuel, they tend to stop at the gas station that has the easiest access and is located conveniently. Although some customers choose stations based on brand, most gas station consumers tend to stop at the first location they see when they need gas. Therefore, identifying accessibility and location is crucial to the success of a gas station, which is one of the things I discuss in my real estate course.

Brand Name

The brand of gas that a station sells can also have an effect on the profitability of the gas station. Negative news stories about certain oil companies can affect whether a customer will frequent a certain station or not. The BP oil spill and the Exxon Valdez catastrophe are examples of how news media can cause customers to choose another station solely based on their feelings about the handling of a crisis. Using the proven methods I teach in my real estate training, you will be able to assess various brands and determine which the best choice for your gas station is.

Although government regulations for gas stations are stricter than for other businesses and the profit margin for gas alone may be smaller than other investments, the addition of other profit centres at a gas station can offer a much higher return on your investment. Learn about how gas stations can become a profitable enterprise for you in my real estate courses by visit CMREI.