- Cash Investment: $9,500
- Investment Range: $9,500
- Franchise Fees: $9,500
| Liquid capital required | $125,000 |
|---|---|
| Investment | $250,000 - $600,000 |
| Franchise fee | $30,000 |
| Units in operation | 770 |
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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.
How much does it cost to open a gas station in USA?
As we mentioned before, starting a gas station has a high financial entry barrier. You should expect to secure at least $300,000 to cover the following startup costs: Purchasing the location. Business insurance.
Is buying a gas station a good investment?
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.
How much is a Shell gas station franchise worth?
Its brand is well-known, and many drivers seek out Shell gas stations. Because of this, the typical costs of a Shell franchise are high. The initial investment is typically between $2.5 million and $6.6 million. The annual franchise fee is $30,000, and you must maintain $700,000 in liquid capital.
How much money do gas station owners make?
You would be correct in assuming a gas station owner's salary will depend on many different variables. 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.
Do gas stations make money on gas?
Retailers Make Very Little Selling Gas Generally, the markup (or “margin”) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit.
What are the risks of owning a gas station?
Gas Station InquiriesDue Diligence Issues. ... Cost and Time of Due Diligence Process. ... Difficult to Scale. ... Owner-Operator Model of Gas Stations. ... Highly Competitive Market. ... Gas Stations are a Low Margin Business. ... Environmental Issues. ... Safety Concerns.More items...•
Why do Indians own gas stations?
They come from a clan based society. Two generations ago, a few families immigrated to the US. They worked hard, and built a life. As more members of the extended clan immigrated, the established families would help them by pooling money to buy small 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 franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
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.
How much is a Chevron gas station franchise?
One of them is Chevron which has been operating for over 140 years. How much does it cost to open a Chevron gas station franchise? The average cost is $1.5 million to $2.5 million per unit. You'll also need a minimum liquid capital of $500,000 to qualify.
How much does it cost to open a gas station in Florida?
According to JUX Law Firm, business owners should expect to spend around $300,000, which breaks down as follows: $2,000 for legal fees. $2,000 for insurance premiums. $3,000 for state permits.
How much does it cost to build a fuel station?
In total, you should hold nothing less than 55 Million naira (rough estimate). This amount may be increased or reduced depending on your accessibility to materials and bargaining power.
How much does it cost to build a gas station in California?
The average cost of a new gas station with four gas dispensers and associated petroleum equipment such as underground storage tanks, concrete footings, piping, spill buckets, etc. is $500K.
How much does it cost to install a gas pump?
The average cost of a gas station fuel pump ranges from $16 - $21K. It ranges because of many available options such as digital screens, the ability to dispense multiple fuels, secure credit card technology, etc. The average cost to install a gas pump ranges from $2,500 - $3,000 per dispenser.
What is the official fuel of NASCAR?
In 2004, Sunoco became the “Official Fuel of NASCAR.” Under the ten-year agreement, Sunoco provides racing gasoline 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. Here are areas where you are expected to spend money and the costs associated with it;
What is Sunoco race fuel?
As one of the world’s largest producers of premium racing fuels, Sunoco Race Fuels embraces the determination to refine, blend, and supply only the highest-quality products. Sunoco’s track-proven fuels are designed to provide exceptional performance, quality, and consistency. Throughout the years, Sunoco Race Fuels has been used in all types of professional motorsports.
How long does a franchise last?
Term of Agreement and Renewal: The length of the initial franchise term is 5 years. If requirements are met, franchisees can renew for one additional term of 5 years.
How long does it take to pay a liquidated damage?
Liquidated Damages Under Area Development Agreement: This fee varies but the Due Date is Payable within 30 days of the termination of the Development Agreement.
Where is Sunoco located?
Sunoco APlus® convenience stores are located along the east coast from Massachusetts to Florida and west into upstate New York and Ohio. Their 740 APlus stores carry national brand-named products, including: snacks, beverages, cigarettes, hot and cold lunches, and fresh-brewed Gulliver’s® coffee. Most of their stores are open 24 hours a day, seven days a week, 365 days a year.
Does Sunoco APlus have to be reimbursed?
Please note that you must reimburse Sunoco APlus franchise if it is held liable for claims arising out of your franchise operations.
Can a local advertising cooperative increase its monthly contribution?
Please note that each local advertising Cooperative may elect to increase the monthly contribution if approved by a two – third majority of the members, and the minimum contribution is subject to adjustment by an amount not to exceed the increase in the CPI.
What is Aplus franchise?
APlus convenience store franchises are available for ambitious and entrepreneurial individuals willing to assume the risks — and eager to reap the rewards — of owning their own business. You must be ready to make a full commitment to the business and to put forth full attention to the key business drivers. Becoming an APlus Franchisee requires being prepared to make a significant time, energy and financial commitment.
What is Aplus store?
Shoppers find what they need in a snap! APlus stores welcome customers with spaciousness, cleanliness and ease. A large assortment of name brand merchandise is specifically positioned on the sales floor and in the cooler. Fresh food offerings cater to regional and national tastes. Well developed store design and layout contribute to an easy-to-navigate store, making it a snap for customers to find what they want and easily get in and out and on with their day.
What is Sunoco fuel?
Sunoco's track-proven fuels are designed to provide exceptional performance, quality, and consistency. Throughout the years, Sunoco Race Fuels has been used in all types of professional motorsports. In 2004, Sunoco became the “Official Fuel of NASCAR.”.
What is the goal of Aplus?
The goal of an APlus store is to meet the needs of today's consumers by providing quality and convenience merchandise that fits into their busy lifestyles.
Overview
Sunoco APlus has identified the needs of busy consumers and provides quality and convenience merchandise to meet the needs of today's busy lifestyle. The APlus Franchise Program offers exceptional business systems, extensive training and quality marketing tools.
Related
Sunoco APlus is listed in the Franchise Directory under the Automotive category. It's also listed in the section for Franchises Under $150,000 .
Become A Dealer or Distributor
As the largest fuel distributor in the country, fuel delivery is a huge part of what makes Sunoco go. Invest in your future by reaching out to get started today.
Real Estate
Looking to purchase gas station real estate? We can help you get started today.
Sunoco Licensed Products
Race fuel jugs, lubricants and Sunoco merchandise. Sunoco licensed products give you everything you need to maximize your style - and your vehicle's performance.
How much does it cost to franchise an AMPM gas station?
The financial requirements for an AMPM franchise includes an initial investment of between $400,509 and $7,807,883 and a liquid cash sum of $800,000 – $1,200,000. In-class sessions and hands-on training is provided with AMPM gas station and convenience store franchises.
How long has Express Convenience been in business?
Express Convenience has been franchising since 1984. The gas station and convenience store franchise has a total of 19 franchise units located in the Midwest. With a $165 – $200,000 total investment, franchisees are provided with training to help their business. Financing is available for Express Convenience franchises.
How much does it cost to franchise Street Corner?
An initial investment of $45,645 – $1,479,800 is required for a Street Corner franchise and franchisees must make a net-worth of $100,000.
Where is Sunoco APlus located?
Sunoco APlus convenience stores and gas stations are located all along the east coast of the U.S. and west into New York and Ohio. Sunoco APlus offers franchise opportunities for investors wanting to run their own convenience and gas store.
What is a Quik Stop franchise?
The Quik Stop franchise offers motivated entrepreneurs the opportunity to run their own retail and gas station store. Quik Stop franchise business owners receive classroom and in-store training, marketing support, promotional advertising, bookkeeping and accounting assistance and ongoing business consultation.
How much does a franchise cost?
Franchisees are required to pay an initial franchise fee, which varies by store, as well as a down payment on the store’s opening inventory of approximately $20,000.
When was the Extramile franchise established?
The ExtraMile franchise brand was established in 2007 and has gone on to expand to more than 200 stores. Successful candidates for an ExtraMile franchisee recieve support from the Chevron Corporation in areas training, advertising, ongoing business advice and mechanizing.