The cost of running your gas station depends hugely on the location, size, the configuration, and whether you have leased it or you are the owner. There could also be some additional costs related to environmental compliance repair, etc.
Most gas station owners make their profits not from the gasoline, but from a convenience store side selling snacks, beverages, and other non-gas items, car wash, or even motels if the location is suitable for these businesses. These seem to progress more rapidly if there is an absence of a local market in the surrounding region.
There isn’t a definite price of starting or expanding a gas station company since too many factors govern the costs.
It may cost you anything between half a million to five million dollars. Keep in mind the following things when you decide to start a gas station business and buy gas pumps and accessories.
- Buy suitable land – It should not be in close proximity to your competitors. Neither should it be too remote so that you get low traffic.
- Select the franchise company carefully – Do proper research when choosing a franchise company or the gas provider parent company.
- Apply for licenses after consulting an expert.
- Choose a reliable builder for construction work.
Initially, you can begin with just a few pumps and then expand it as the traffic grows. Mini-mart, auto repairs, etc. are a few common businesses you can start at your station or lease to someone in order to increase profits. Prepare a business plan before setting up a station so that you do not miss important details.
You can buy used gas pumps and accessories from reliable brands
For restoration or expansion purposes, you should consider used gas pumps and accessories for sale to save on costs while getting reliable equipment. There are a variety of re-conditioned options in buying gas pumps and accessories. From the pump and dispenser to hoses, nozzles, hanging hardware, and more.
The cost of operational elements is something you cannot avoid. They are critical for the functioning of your fuel pump. Efficiency is also something you cannot compromise with in order to retain your loyal clientele.
The other area that you can save whether it is a new station or restoration of an existing station is on the point of sale system. Finding a system that is cost-effective and that will provide all your operating systems needs in reporting, tracking, and pump payment management.
The designs of gas pumps from Tokheim or Wayne will also give your station an appealing look that would be welcoming to visitors. Reconditioned parts will save you money and let you replace the old worn-out ones.
There is an extensive range of gas pumps and accessories you will require when setting up the station. Using parts by reputed brands will prevent inaccuracies in the measurement and also lower the change of leakage. Thus, giving you customer satisfaction and loyalty that will be needed when starting and maintaining a successful business.