Posted by: timi_mero_sathi October 10, 2012
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For gas station
1. Usually if the gas sale is approximately one million gallon /year, that will cover rent and utilities. you are safe. ( depends on gas price if the gas becomes expensive you will make less money, if the gas becomes cheap you will make more money not the other way arround). Also how expensive is the rent and utilties)
2. Minimum is approx 800, 000 gallon. If a gas station can sell that much gas in a year that must be able to cobver the rent and utilities (this is for small gas station). If it cant then the either the rent is expensive or there is somehting wrong.
3. Yes money you make is by selling lotto, icecreams, sodas, water ice, propane
4. While renting a gas station there must be clear in lease aggrement that who is responsible for what? like maintenance, environmental protection etc. If the rent is triple net everything is your responsibility.
5. Subleasing: lets say you rented a gas station from a origional owner. In that gas station you were making 10,000/month after working 15 hrs ( usally non 24 hrs gas stations are open that long) 10,000/month is very good money but you dont want to work that long eveyday. you have two options hire a person who will work day 7 hrs a day( you work 8 hrs a day) then you need to pay salary to that guy, the guy can steal money. after sometime you might wnna weekend break then again you need to hire a guy for that time so on and so on so you have to pay minimum 2000 a month to your staff. so your income willl be 8000/month.
second option: Instead you decide to sublease that gas station to another guy for 5000$ /month. you dont have to work at all and you are making 5000$ a month.
Lots of peopls are doing it, even companies are doing that.
you will be luckey if you find a gas station which gives you good profit so that you can sublease.
6. Lease to buy: it works very similar to "lease to buy" in case of a car. danger here is gas station will be in your name only in the end
7. Inspection of gas tank is done by specilised agency. If you are renting a gas station you pay attention to who is responsible for what? how long was the inspection of gas tank. If somehting goes wrong in gas tank who will be responsible for maintenance.To whom gas tank belongs? etc.
If you are buying gs station with property(that means you own the property too) then you need environemntal inspection not older than 5 years or the requirement set by local/federal authorities.
before buying any gas station you must personally wait at some distance from gas station and count the number of traffic inside the gas station. and calculate the number of gallons sold.also how many ppl enter the stor to buy cigeratte/lotto/soda/water/propane etc. otherwise those numbers can very easily be cooked.You have to do this for at least 4 days- friday to monday.This will give you hint. And you have to make note of it. This verification will be usefull while buying and renting a gas station.
If 100 people entered the store that means approximately sale of 1000, if it is not for the payment of gas.
For gas station
1. Usually if the gas sale is approximately one million gallon /year, that will cover rent and utilities. you are safe. ( depends on gas price if the gas becomes expensive you will make less money, if the gas becomes cheap you will make more money not the other way arround). Also how expensive is the rent and utilties)
2. Minimum is approx 800, 000 gallon. If a gas station can sell that much gas in a year that must be able to cobver the rent and utilities (this is for small gas station). If it cant then the either the rent is expensive or there is somehting wrong.
3. Yes money you make is by selling lotto, icecreams, sodas, water ice, propane
4. While renting a gas station there must be clear in lease aggrement that who is responsible for what? like maintenance, environmental protection etc. If the rent is triple net everything is your responsibility.
5. Subleasing: lets say you rented a gas station from a origional owner. In that gas station you were making 10,000/month after working 15 hrs ( usally non 24 hrs gas stations are open that long) 10,000/month is very good money but you dont want to work that long eveyday. you have two options hire a person who will work day 7 hrs a day( you work 8 hrs a day) then you need to pay salary to that guy, the guy can steal money. after sometime you might wnna weekend break then again you need to hire a guy for that time so on and so on so you have to pay minimum 2000 a month to your staff. so your income willl be 8000/month.
second option: Instead you decide to sublease that gas station to another guy for 5000$ /month. you dont have to work at all and you are making 5000$ a month.
Lots of peopls are doing it, even companies are doing that.
you will be luckey if you find a gas station which gives you good profit so that you can sublease.
6. Lease to buy: it works very similar to "lease to buy" in case of a car. danger here is gas station will be in your name only in the end
7. Inspection of gas tank is done by specilised agency. If you are renting a gas station you pay attention to who is responsible for what? how long was the inspection of gas tank. If somehting goes wrong in gas tank who will be responsible for maintenance.To whom gas tank belongs? etc.
If you are buying gs station with property(that means you own the property too) then you need environemntal inspection not older than 5 years or the requirement set by local/federal authorities.
before buying any gas station you must personally wait at some distance from gas station and count the number of traffic inside the gas station. and calculate the number of gallons sold.also how many ppl enter the stor to buy cigeratte/lotto/soda/water/propane etc. otherwise those numbers can very easily be cooked.You have to do this for at least 4 days- friday to monday.This will give you hint. And you have to make note of it. This verification will be usefull while buying and renting a gas station.
If 100 people entered the store that means approximately sale of 1000, if it is not for the payment of gas.