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Status: (3) Lamborghini
Joined: Aug 2007
Posts: 1,841
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Expertise: Real Estate: Single Family
Locale: Aurora, Co
My Mood:
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Re: Buying a Gas Station
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Dec 5th, 2009, 09:37 AM
#9 (permalink)
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My grandfather ran a gas station his whole life. He made 6 cents per gallon profit on gas in the 60's. We are good friends with local owners, today they make 6 cents per gallon profit.
They sold Conoco gas had all the signs etc. Conoco decided that all the station needed to upgrade their signs. 35k to do so.
I don't want to discourage you by any means, but like others said, make sure you know all the facts going into it. Gas stations are highly competitive and it doesn't take much for one to be built across the street to kill your revenue.
www.liveandflip.com "Create a definite plan for carrying out your desire and begin at once, whether you ready or not, to put this plan into action. " Napoleon Hill
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