is gas station is a good business????????????????

Answer 1

Yes -- everyone needs gas PLUS you sell thousands of gallons of gas a week, so you make a great deal of money.

Answer 2

Good heavens, no! Independently owned gas stations operate at razor thin margins for the gas they sell. Frequently, the margins are so tight that a credit card fee for the gas will eliminate the profit from the sale. The main way independent operators survive is on the little "marts" they operate. Now, that's where the money is in a gas station.

Aside from that, owning a gas station is an EPA nightmare. Because of that, good luck trying to sell one, because anyone who buys a gas station picks up all legal liability for any environmental problems, whether or not they were caused by the current owner or an owner 20 years ago. If you want to open a business, I don't think you could have picked a worse choice, truthfully.

Answer 3

They're very profitable, but most major oil companies only franchise them (instead of owning them outright) because the profit margins are small, especially when compared to the amount of illiquid assets required (land, equipment, etc.). All this really means is that it's fairly difficult to sell a gas station if business isn't going well.

Answer 4

NO!!!! Asside from common misconception, the profit margin for gas stations is tiny. Each company has to stay in business so they compete with others and lower their prices. The big companies that make billions only do so because those companies are HUGE!

Answer 5

Yes because everyone that has a vehicle needs gas

Answer 6

if you look at the profits made by gas companies. billions and billions. and gas prices have a lot to do with it, but i would think it would be.

Answer 7

it depends on the location..

Answer 8

Heck no....