Gas stations are always in demand as the public perpetually needs fuel for automobiles. A gas station is a good investment, yet opening the business requires expert understanding of the industry to avoid common problems that may hinder success. Consider the following steps to maximize your chance of success when you plan to open a gas station.
Instructions
1. Start by locating a proper place for the gas station. Consider either an existing yet closed down station or evaluate the possibility of building a new building. A high traffic area is usually the best choice. Contact local realtors for any sale listings or search the newspapers for any gas station for sale. View the properties and finalize your decision.
2. Talk to bank personnel and investors for financing options and starting capital for your new business. Also consider the possibility of collaboration with major investors.
3. Talk to the oil company representative whose product you want to sell at your new gas station. Go over the qualification criteria and draw up a contract after discussing all legal aspects of the relationship.
4. Contact your local municipality and install state-of-the-art double-walled fiber glass gas tanks for added safety. Register your new gas station at your local fire department.
5. Include optional incentives at your gas station such as a convenience store, a car wash area and pay at pump options. Also include daily usage items in your store. This will help attract customers to the new gas station.
6. Apply for license and permits if you want to sell liquor, cigarettes and tobacco at your new gas station. For details, contact the local state agencies that deal in commercial business.
7. Devise a proper business plan to run the new gas station. Monitor cash flow, availability of fuel, cases of theft and manage employees.
8. Plan effective marketing techniques for the gas station opening. Decorate the station with colorful banners to invite possible customers. Distribute flyers in the surrounding neighborhood announcing the grand opening and location of your gas station.
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