People need their cars to get around, and those cars need gas. Gas station franchises are central to the transportation demands of the entire nation. In addition to fuel, customers love gas stations for their convenient snacks, coffee, and other convenience items that drivers happen to need while on the road. If you’re interested in purchasing a gas station franchise, review our options below! Read More »
Why Start a Gas Station Franchise?
Like any business in the automotive space, there is no doubt as to the size of the market for a gas station franchise to serve. Although the initial investment to start this kind of business is going to be greater than some other franchise opportunities, there is also tremendous potential for significant revenues and profits if successful.
Two Streams of Revenue
As a gas station owner, your primary product will of course be gas. While a lot of gas can flow through a busy station each day, margins are small on those sales. However, the traffic attracted by a gas station is an ideal opportunity to make money selling other things as well—like food, drinks and other conveniences. The convenience store that typically comes along with a gas station is the real profit center when the business is thriving.
Looking to the Future
You don’t need to be an industry insider to understand that gas-powered vehicles have an uncertain future. Electric cars have been on the roads for years and seem poised to take over more of the market in years to come. So, does that mean gas stations are doomed? Probably not. Given their prime locations, gas stations are a natural spot for electric charging stations to be added as well, allowing for any kind of vehicle to be powered up for many more miles ahead.
In addition to the potential of adding charging stations, it’s likely that gas-powered vehicles are going to be around for decades to come, even if their numbers start to dwindle. There are hundreds of millions of these vehicles on the roads today, and it could take generations for electric power to fully take over the market (if that is indeed what happens). In any case, a gas station franchise offers an exciting opportunity to serve drivers, whether they need to fill up their tank, charge their batteries, or pick up some snacks and a drink.