How much money do you make owning a gas station?
Successful station owners can make anywhere from $40,000 to as much as $100,000 annually, but not without hard work and a lot of ancillary business..
How profitable is a gas station?
According to financial statements from the past 12 months, privately held gas stations are barely growing revenues and are seeing average profit margins of 1.7 percent. Relative to the average private company, the gas station industry is experiencing much slower sales growth on smaller margins.
How much do you need to start a gas station franchise?
Gasoline station franchise brands require their applicants to have lots of cash or liquid assets. These cash requirements range from $20,000 to get started with a 7-Eleven gas station convenience store franchise, to well over $1,000,000 for gasoline station brands like ARCO AM/PM.
Is owning a gas station worth it?
Like any business, a gasoline station can be a good investment. When stations are well located and well-run, they can generate healthy profits.
Do gas station owners make a lot of money?
Gas station owners make higher incomes in California and Illinois. The franchise company will then train you on how to run the gas station. … Gas station owners can earn an average salary of close to $70,000, according to the job board Indeed.