The United States has often been described not just as a melting pot but an unparalleled land of entrepreneurial opportunity. Rags to riches stories abound with many such stories cautiously veiled so as not to attract unwanted publicity. The fuel station business is considered one of the safest businesses in the US the gasoline crisis not withstanding. People will continue to drive cars, Semis will continue to haul long haul loads and planes will continue to overwhelm the US skies.
We bring to you a few considerations you should actively explore in order to make a successful deep dive into petroleum entrepreneurship:
Consider the location carefully
Your success as a fuel station owner depends on the drive-by-traffic in your area. See to it that your property is located near a shopping mall or any other important landmark in the area. Avoid inner roads to the extent possible and conduct a professional site analysis.
As a leading fuel distribution company as well as many points north and south, we will assist you in this endeavor.
Credit card service charges
Once you have decided to take the plunge, you should shop around for the best credit card deal available. Your gasoline station revenue will depend largely on credit card payments. Thus, you have to factor in the service charges involved while operating your fuel station. Take measures to ensure that you have the right credit card payment processing service standing by so as to minimize your payouts.
You should also retain a reliable company to help you fix any issues with your card readers at short notice. We are one of the leading wholesale fuel distributors and can therefore help you with these processes as well as launching your fuel station business from start to finish.
Consider customer safety
The gasoline station industry, while being phenomenally lucrative, unfortunately, is among the most unsafe businesses. Your large stocks of cash and fuel will probably attract anti-social elements. Set up your fuel station in the safest area you can find within your target community and invest in a metal detector as well as a team of armed security guards.
With 37,899 armed robberies in the US in 2021 alone according to Statista, the scenario is no longer appealing.
Please do consider these factors, prepare a business plan, acquire the property, complete the legal formalities, and launch your fuel station. If you have already purchased a fuel station in the recent past and have gone through the motions, please do share your experience.
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