Description
A common question I get asked a lot, how do gas stations make money, especially when they hear the gasoline does not make much then how do we make money? Would you like to know too? Let's do some calculation
GSB-38: How do Gas Stations Make Money? Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 38. This is the only show of its kind where we discuss how to start, run and grow a gas station business successfully, and I give you an inside look at many real life case studies so you can follow and become successful in this business.
There are 3 ways a typical gas station/convenience store generates profit.
1. From Fuel Sales Regular unleaded Midgrade Premium Diesel 2. From Merchandise sales Cigarettes Tobacco Beer and wine Soda Coffee and Fountain Deli Food Automotive supplies/oil Candy Snacks, cookies, and cakes Other grocery items ketchup, rice, beans, can foods 3. From Other Sources of Revenue ATM Air/Vac Phone cards Lottery Game Machines Pay at the pump video ads
Remember the store I helped some investors buy in 2015 that was losing money? I shared two updates so far and now here is the 3rd one about how that store is doing now. This is a long awaited episode, but here it is. Enjoy!
Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and...
Published 04/22/17
In this 2nd part of our last Q&A episode, I answer remaining 5 questions all related to buying gas stations and how to understand the numbers and if the stores are really making money or losing money. I also answer questions about how to grow your business with financing and how to take on a...
Published 04/08/17