It's about location/location/location. Most people love/need their cars and they will buy gas, regardless the price. Your main concern getting a location in a safe area with lots of traffic.
Currently opening a gas station could be a good investment provided that you have a good location and a decent supplier for your gas needs. Due to the fluctuating nature of gas prices you may end up selling gas for less than you paid for it if another station offers a lower price. You must be careful due to this.
Even though the economy is not at its greatest point, people still need their gasoline. Some of the biggest corporations in the United States are gas stations, So I believe you should take the opportunity to open a gas station.
There are a number of factors to consider when opening any new business. You need to perform a detailed business analysis, specifically geared towards the location of the proposed business. Talk to a local bank lender - they typically know what businesses are failing based on loan default rates.
There are many variables You need to take to consideration. But most of all You need to ask You'r self : - Can I stay in business and compete with the large/multinational/multi-billion companies? If You'r answer is: -Yes.. then go ahead. Afterall it is the motivation that makes one person succseed.
With crude oil prices having significantly risen over the last few years,margins on gas prices have been squeezed,so opening a gas station would not be a good idea at present.
As long as you intend to keep the prices of the gas comparable with the less expensive stations in the area, your station will be successful, but if you try to gouge prices, you will fail.
I would conduct some market research and see if there is a need for it. The future is changing and gas stations might eventually be a thing of the past.
