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How much does it cost to open a gas station business |how to start a small gasoline, franchise for sale, |gas station construction cost estimate 

How much does it cost to open a gas station business |how to start a small gasoline, franchise for sale, |gas station construction cost estimate 

 

A gas station business can be a great way to have your own business and make an income.

But before you decide to open one, it is important to know how much it costs to open a gas station.

The cost of opening a gas station will depend on the location and size of the property, the type of building, materials used in construction, and fixtures.

Depending on these factors, a gas station can range from $750,000 up to $2 million.

In this post I explains positive cost to open a gas station and how to start a gas station business successfully.

How much does it cost to open a gas station business |how to start a small gasoline, franchise for sale, |gas station construction cost estimate 

Cost of gas stations

Gas stations require a lot of money to put up and maintain.

Aside from the cost of the building, one has to buy the fuel, fuel tanks, and other accessories needed for running the business.

You can pay for these items either through installment or by purchasing them outright.

There are other expenses that will need to be addressed.

For instance, you must pay for an inspection before you can apply for a building permit.

Also, if you are not using the entire facility for the business, then you must pay the right tenants for the space you are using.

How much does it cost to run a gas station The cost of running a gas station will depend on how much you are planning to generate as income.

Fuel costs and labor expenses must be part of your budget.

Location

If you plan to open a gas station business in a shopping mall, it would cost around $1 million to make it functional.

You can choose the location of your gas station depending on your target customer.

For example, if you are operating in a residential area, you can choose the location at the outskirts.

On the other hand, if you are operating in a shopping mall, you would want to be at the center of the mall.

Construction If you are planning to build a new gas station, you would have to shell out $750,000.

On the other hand, if you are renovating an existing one, the cost would go up to $1 million.

Fixtures For your gas station to be functional, you would need to buy various types of gas station fixtures.

These include the front office, waiting area, restrooms, roof, and the pumphouse.

Size

Size of the gas station property depends on many factors, like the number of pumps, size of the building, and the equipment you need to run it.

Because of this, the cost of the property can vary as well.

The larger the property, the higher the property costs and the more money you need to invest to get it.

Pipeline It is not always possible to hire a technician to work on your site, especially if you own the gas station.

In this case, you will need to buy your own gas and oil or hire a professional.

It will also cost you to have them fill your tanks for you.

Depending on the size of the station, you may need to invest as much as $500,000 to buy gas and other supplies.

Construction

The cost of a gas station varies depending on the size of the property and the type of construction used.

The main cost of construction depends on the size of the property.

Cost of Furniture The cost of furniture for a gas station varies depending on the size of the building and the types of furniture.

For example, the furniture used for selling gasoline and making sandwiches might cost more than furniture for refrigerators, freezers, and other smaller items.

This is because, the more furniture for a particular building, the more inventory and square footage is required.

Cost of Parking This is another cost associated with gas stations. Parking costs vary depending on how many spaces are provided.

It can be as little as $25 per space to as much as $100.

Costs for the building

It is common to find gas stations built on dirt roads.

But there are also gas stations built in urban areas or areas that are served by long haul trucks.

This type of business is more expensive to build because the land may not be as large and the building needs to be constructed on the roof.

Before building a gas station, the cost of the property should be calculated.

If there are any restrictions on height and other factors, then the costs will be higher.

The cost for concrete is also higher because it is required in concrete floors, sinks and interior walls.

Construction costs There are two types of construction costs.

The first is what is called building and construction and it includes the building and other construction materials.

Frills and fixtures

When it comes to starting a gas station business, frills and fixtures are very important.

It is essential that you provide enough frills so that people will think that your business is classy.

You will have to invest in signages, a few signs with graphics, and interior decorations.

Locating a gas station Not many people know that you can open a gas station business in the country.

For example, you can open a gas station in Vermont where the gas prices are reasonable.

The location would suit your needs since you would have to travel a little bit to drive to the nearest gas station.

There are also fuel companies in the same area so your customers can be able to get their fuel in a reasonable time.

Specialized equipment

To open a gas station business, there are specialized equipment that you will need.

Equipment used in building a gas station includes HVAC, fuel delivery system, and cash register.

HVAC system can help keep the temperature consistent so that the building remains clean.

And for gasoline delivery, gas stations use cash register that allow customers to make payments and dispense cash and credit.

Paid utilities Gas stations that operate 24 hours a day have to pay for utilities, even if the property is vacant.

Utilities include water, electric, heating, ventilation, and air conditioning (HVAC). G.O.T Building construction A gas station business can be built in a building that is more than 1,000 square feet.

The number of pumps needed

One of the factors that determines the cost of building a gas station business is the number of pumps you need to run a successful business.

First, you will need to determine if the place you are planning on opening your gas station business in is large or small.

If it is large, it will be more difficult to serve the clientele because there will be not enough space.

On the other hand, if you are looking at building your gas station in a small place, it will be easier for the people to find you easily and connect with your services.

However, if the place is small, you will have to invest more in fixing the pumps and the plumbing.

This will also increase the cost of running your business.

How many clients will you get? It is also important to know how many customers you can get at a time.

How many employees to hire?

Choosing how many employees to hire will impact the cost of the project.

A convenience store may only need one person to operate it.

On the other hand, if you’re a car wash, hiring several employees can make sense.

The car wash business may not require any other employee aside from the owner, but the convenience store may need several employees on a daily basis.

How much does it cost to get a permit to open a gas station or a convenience store?

Getting a permit to open a gas station and a convenience store may be a complicated process and a huge expense.

Gasoline distributors, gas station owners, and construction companies will also require permits to do business in the area.

You will have to meet certain requirements in order to get permits.

Conclusion

Gas station is an excellent source of income for many people, especially those who have a good service to offer.