how much does a gas station franchise cost

Full Answer

Is there such a thing as a gas station franchise?

If YES, here are 20 best gas station franchise opportunities for sale and their cost. A gas station is a facility that sells fuel and engine lubricants to motor vehicles and trucks. This industry operates franchised gas stations with gasoline pumps and, in most cases, convenience stores that stock daily necessities.

How much does it cost to start a gas station?

When it comes to starting a standard and large scale gas station with several outlets in key cities in the United States of America, a gas station with the intention of selling franchise and also offering complimentary services, then you should look towards budgeting well over seven million, five hundred thousand dollars ( $7.5 million ). 1.

How much does it cost to start a Petron gas station franchise?

If you want to create a Petron franchise, you must have your own land on which to build your gas station, as well as a total investment cost ranging from P1 million to P2 million. 5 million, exclusive of a P100,000 cash bond as security. Expect your riches to seep out like black gold once you’ve completed your task.

What does it mean to own a gas station?

Owning a Gas Station also means that you will be administered by legal requirements. And you are also required to have a liability insurance, which will surely add up to your total Gas Station franchise cost. Health and safety policies are a must whenever you run a Gas Station service.

Is franchising a gas station profitable?

Gas stations and their corresponding convenience store or food outlets rank as one of the most popular and profitable franchises in the United States. With over $400 billion in revenue every year, and more than 100,000 gas station/convenience stores operating all over the country it is clearly a popular business model.

Is owning a gas station worth it?

Gas stations are a great business to franchise because the demand for fuel in America is constant and not going anywhere. Our country literally runs on gas. People need to drive to work and trucks need to carry goods across country. Gas stations are a $250 billion a year industry.

Is there profit in owning a gas station?

Gas retailers receive a fraction of the price listed on the sign–their net profit per gallon is around $0.03-$0.07–after factoring in costs like labor, utilities, insurance, and credit card transaction fees. This puts the net profit margin of a gas station at less than two percent.

How do I start a gas station franchise?

How to open a gas stationWrite your business plan. ... Register your business. ... Secure funding. ... Buy the property. ... Secure a gas supplier contract. ... Obtain necessary permits and licenses. ... Get business insurance. ... Market yourself.More items...•

How much does a gas station owner make?

In general, though, you can expect your earnings to be anywhere from $35,000 to $150,000 per Million Litre Fuel Sales and convenience store sale from 18% to 25% for overall sales including cigarette and Lottery sales. Overall gas station may be 8 to 15% Cap rate, depending on location and condition of the business.

Is running a gas station hard?

Whether it's your first time flexing your entrepreneurial skills or you're a seasoned (but always learning) pro, running a gas station is no easy task. But with the right know-how, operating a gas station ranks as one of the most profitable ventures in the country, according to Entrepreneur.

What business makes the most money?

Profitability of the Largest CompaniesCompanyProfit per Day1Apple$151,386,3012Microsoft$107,506,8493Alphabet (Google)$94,090,4114Bank of America$75,150,68546 more rows

What do gas stations make the most money on?

Station owners make most of their profits in their stores, on sales of food and drinks, as well as alcohol where sales are legal. “The idea is to have a very competitive gas price, and when they go in the store, you can make money off that transaction,” Lenard said.

What should I know before buying a gas station?

Questions to ask when buying gas stationAre there any environmental issues? ... Are there any tanks and pumps issues? ... Are the financial statements accurate? ... Are sales diversified? ... How much competition is there? ... How is the real estate being handled? ... Is the gas station franchised or unbranded?More items...

How much is the 7 Eleven franchise?

Your initial investment includes three major components: An initial franchise fee of $25,000. An inventory down payment between $20,000 and $40,000, plus an initial cash register fund.

How much money does a 7 Eleven franchise owner make?

The estimated base pay is $82,642 per year. The estimated additional pay is $58,474 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.

What is the biggest gas station franchise?

The largest gas station chain in the U.S. is Exxon Mobil, with a revenue of $285.6 billion and 71,100 employees. As of 2022, the US gas station industry has a market size of $138.3 billion. There are over 145,000 gas stations across the US.

Is owning a convenience store profitable?

Generally, convenience stores are profitable propositions, with average gross profit margins upwards of $450,000. Profitable ventures may result in an opportunity to open other locations within a city or area, increasing your potential profits that much more.

What should I know before buying a gas station?

Questions to ask when buying gas stationAre there any environmental issues? ... Are there any tanks and pumps issues? ... Are the financial statements accurate? ... Are sales diversified? ... How much competition is there? ... How is the real estate being handled? ... Is the gas station franchised or unbranded?More items...

How much do gas stations make on cigarettes?

Cigarettes contributed 17.75% of the average gross profit dollars per store, ranking behind non-alcoholic packaged beverages which are first at 18.04% and $91,153.

How much gas station owners make in Canada?

Owners of successful gas stations can make anywhere between $40,000 and $100,000. However, more cars are put on the road every year, so the gas station industry will continue to grow. Regarding profit on fuel sales, most gas stations will manage an average of 3c a litre profit after expenses.

How To Buy a Gas Station Franchise?

Buying a gas station has never been more rewarding. Fixed, regulated prices (and maybe even the opportunity to open a convenience store or repair shop) provide a much more stable investment than an automobile-based franchise. Take advantage of the chance to sell fuel and food in one swipe and make your business much more profitable.

How Much Does a Gas Station Franchise Cost?

Investing in a gasoline station franchise business has a high financial entry barrier. The total initial cost runs $250k to $2 million for a small gas station. There will also be ongoing costs like franchise fees, insurance, licenses, inventory, royalties, and many more, which will require at least and additional $300,000.

Best Gas Station Franchise to Own in 2022

Seven-Eleven Gas Station Franchise – The initial cost to start a 7-Eleven convenience store franchise is $47,050 – $1,165,400.

Conclusion

If you’re considering entering the competitive gas station industry, set yourself apart from competitors by offering a unique fast-food outlet in your station.

How much money do gas stations make?

The money a gas station owner makes a year varies depending on a number of factors but a successful gas station owner can make anywhere from $40,000 to $100,000 and above annually. But it’s going to take a lot of work. Gas stations that do more than sell gasoline and diesel tend to make more money.

How much does a gas station owner make?

A gas station owner makes between $124,000 and $142,000 per month, according to figures from the same time period. A gas station owner’s annual earnings before taxes might be above six figures if he operates a high-volume store in a prime location.

What determines the cost of opening a gas station?

Another very important factor that determines the cost of opening a gas station in the United States of America is the number of gas dispensers or gasoline pumps available in the gas station.

Why do you open a gas station?

The fact that you are opening your gas station as a new business means that you are expected to recruit and train your staff to conform to the kind of gas station you want to operate. The training will help you sell the corporate culture of your organization to the new employees. As expected, it will cost you money to hire expect trainers that will help you train and bring your new hires up to speed.

What skills do you need to work at a gas station?

The key skills you need to successfully work in a gas station are, customer services skills, listing skills, communication skills, accounting skills, ability to pay attention to details, ability to work in a team and the ability to stand for a long period of time.

What can an attorney do to start a gas station?

So also, an attorney will help you with registering the business, drafting contract documents and offering you all the legal expertise that will help you start the business on the right foundation. These services will cost you money and it will indeed influence the overall cost of opening a gas station in the United States of America.

What does it mean to have different types of gas stations?

The fact that there are different types of gas stations means that these gas stations are designed to offer different types of services . The services offered by a full – service gas station are different from the services offered by self – service gas stations.

What Do You Get When You Buy a BP Franchise?

As a BP franchisee, you will enjoy the opportunity to open up a BP gas station or a BP Connect store. BP Connect franchises tend to be the more popular option due to reduced cost and complexity.

5 Steps on How to Open a BP Gas Station Franchise

Opening a BP franchise can be a profitable venture, but it does require a huge investment up front. Although it is advisable to go with a franchise, it is not a guarantee of success. You still need to be as prepared as possible for the challenge of running your own business.

How much does it cost to start a gas station?

For example, if you want to open a standard and large-scale gas station with several outlets in key cities across the United States of America, a gas station with the intention of selling franchises and also providing complementary services, you should plan on spending at least seven million, five hundred thousand dollars ($7.5 million). 1.

Is owning a gas station a good business opportunity?

Because of the existing population density and the high demand for fuel, owning a gas station is a very lucrative economic opportunity. For those considering franchising their businesses, gas stations make for an excellent choice. First and foremost, you must be aware of critical information such as the typical cost of a gas station franchise.

How much does a gas station owner make?

The pay of a gas station owner varies based on a variety of circumstances, however a successful gas station owner may earn anywhere from $40,000 to $100,000 per year depending on his or her success. However, it will need a significant amount of effort.

Do you need a permit to build a gas station?

According to the facts, because gasoline and other items offered at gas stations might be extremely volatile, you will not be able to obtain a building permission from the appropriate government to construct a gas station within your residential apartment complex. Can you tell me how much it costs to start a Shell gas station?

Is it profitable to own a gas station?

A gas station, like any other business, has the potential to make profits provided it is operated well and is in an advantageous location. It is, on the other hand, time-consuming. As mentioned above, your earnings will be affected by factors like as the price of gasoline, road construction, and other circumstances that are outside your control.

How much does it cost to own a gas station in us?

As previously stated, the financial barrier to entry into the gas station business is quite high. You should anticipate to get at least $300,000 in funding to pay the following start-up expenditures: Purchasing the land on which to build. Insurance for your company.

How much does a gas station owner make?

In the United States, the average yearly compensation of gas station owners varies greatly depending on where you live in the country. Gas station owners in the Northeast may expect to earn an average of around $69,000 per year on their investments.

How Much It Cost to Open a Chevron Gas Station Franchise

To acquire the Chevron Gas Station franchise opportunity, you’re expected to afford a liquid capital of $500,000.

Steps on How to Open a Chevron Gas Station Franchise

If you’re considering the idea of acquiring a Chevron Gas Station franchise, there are many things you will have to consider before signing on the agreement. First and foremost, being a Chevron franchisee is not a guarantee of success, but rather a well tested blueprint that can help you achieve success.

Where did Phoenix Petroleum start?

What started as a homegrown corporation in Davao, it started making a name for itself in the north when it built a network of retail stations. Awards recognizing the distinct Filipino efforts shown by its growth lead to this company as the country’s leading independent oil company and one of many petroleum brands trusted by Filipinos. If you want a company that will support you in your goals and earn big profits with low investment, Phoenix Petroleum won’t disappoint!

What is the largest oil company in the Philippines?

The Philippines’ largest oil refining and marketing company, Petron provides a third of the country’s oil requirements. With the largest retail network in the country of 1,900 gasoline stations nationwide, they sell their products such as gasoline, diesel, jet fuel, LPG, kerosene, and many more. It would be best not to miss this opportunity to franchise the largest local oil company as it results in a profitable future and in returns!

What Does a Sunoco, Inc. Franchise Cost?

To buy a franchise with Sunoco, Inc., you'll need to have at least $300,000 in liquid capital. *

What is the official fuel of NASCAR?

In 2004, Sunoco became the “Official Fuel of NASCAR*.” Sunoco provides racing fuel for NASCAR’s three national series – the NASCAR Nextel Cup, NASCAR Busch Series, and the NASCAR Craftsman Truck series – distributing gasoline to more than 400 race tracks in the U.S. Featuring national brand-name products such as Sunoco Motor oil and automotive chemicals, Bridgestone/Firestone, NAPA, Interstate batteries, etc., Sunoco ’s USC outlets are members of the NASCAR ® Performance Network*.

How many retail outlets does Sunoco have?

Sunoco’s Retail Marketing Business is comprised of approximately 4,800 retail gasoline outlets in 24 states, which are supplied by 5 high-efficiency refineries that produce over 900,000 barrels per day.

Is Sunoco a franchise?

Sunoco’s USC program is not a franchise – it is offered to certain Sunoco petroleum franchise dealers as a supplemental and corollary operation to their core gasoline sale business. The USCs offer automotive repairs for preventive maintenance (e.g., oil changes, tires, tire rotation and wheel alignment, and brake service) as well as special services such as state safety inspections and seasonal maintenance (e.g., coolant and air conditioning Services and winterizing your vehicle).