As cities and rural areas grow, so does the need for gas stations. Success will often depend on doing the right planning before construction ever begins. Below are a few things to consider before laying the foundation of your new business.
Feasibility Studies and Location
A standard feasibility study is a projected calculation of how many sales are possible in both merchandise and fuel over a three years period. A bank will require this if you are looking at getting financing for your venture. Investors will also want to see these figures. It will be telling as to whether you have chosen an excellent location.
Check City and County Product Restrictions
You may not want to build a convenience store station if the spot is too close to churches and schools. Restrictions exist in selling alcohol near these locations, which can account for a large number of profits. Limiting the … Read more