When people think about investing in a property, they rarely think about gas stations. It’s unfortunate that this is the case because gas stations are an absolutely incredible property to invest in when you have the chance. Here at UNIQUE Florida Properties, we’ve been able to find the individuals interested in investing in a gas station with the right building for their needs.
Are you considering investing in a property in the near future? Don’t cross gas station off the list yet. If anything, keep reading today’s blog. We are going to touch on a few of the reasons that investing in a gas station is such a lucrative decision to make.
A Hand at Various Business Opportunities
While gas may be the one item that you would assume gas stations make money off of, that is very rarely the case. Though gas does contribute to the income of a gas station, there are a handful of other variables that you need to take into consideration. For starters, your location is going to contribute significantly to the amount of gas that you’re able to sell. If you’re in an area with heavy traffic or without very many competing gas stations, then there’s a very good chance you could make a significant amount of money on the gas that you’re selling.
Aside from gas, there’s opportunity to make an income on your convenience store or any other services that you choose to offer. Whether you decide to add a small restaurant or fast food stop for your guests to enjoy or opt for a full-blown truck stop, this is a huge opportunity for you to bring in some additional income. And the best part is that it’s all up to what you’d like to add to your gas station.
Ability to Have Some Control
There are so many options that you have control over when it comes to investing in a gas station, additions are one of the primary ones. We mentioned a few of the common additions that people make earlier, but it’s important to note that those are far from the only selections that you can make within your gas station. One of the elements that people often take into consideration when it comes to investing in gas stations is the increase in electric cars on the road. Don’t let this factor stop you from making a wise investment, because it is simply another option that you have control over.
Car charging ports are one of the services that you could offer at your gas station and, given the time that a car requires to fully charge, you can count on these customers staying for a while. So, if you have a restaurant that they can stop in or services that they can make the most out of, you will be making the most of the customers driving electric cars.
Fill a Need
Every investment fills some need, but there is always risk associated. Stocks and bonds provide you with little to no control over the money that you’re investing and choosing to invest in a commercial building without a primary purpose could make it difficult for you to find an immediate use that could become successful in the area. Gas stations, however, are a business that every single person needs.
Given that cars are the primary form of transportation used, this is something that you can count on people stopping and using. And while you might not make a crazy large profit from the gas that you’re providing, the services that you offer (like a convenience store, coffee, or showers) are a great way to create an income on a daily basis.
High Tourist Flow
Florida is a state known for getting having quite a few tourists. The best part is, there’s really no one season where tourists are known to come through. That means that there are additional people coming through Florida year round, and they are also going to need to make the most of your services. Be it for business or for pleasure, gas is still something that they’re going to need. More importantly, this is an audience that is sure to make the most of the additional services that you offer, even if they’re just stopping through once. You can take this factor into consideration when you determine what type of services you’d like to include in your gas station.
Contact UNIQUE Florida Properties
We’ve covered a few of the benefits of investing in a gas station, but there is still so much more to know. If you’re interested in learning more about the perks of investing in a gas station or you’d like to know about a few of the available properties, reach out to our team. With years of experience in the commercial real estate industry, our team has the experience and knowledge to help you find the best property. Contact us today, and we can help you get started on your investment property project!