Is now a good time to be opening a gas station?

Answer by  Lisa50 (493)

In my opinion, it is good as any time to open one. But it is all about location. Gas stations are always going to make money because people need gas!

Answer by  patti (29325)

It depends on your funding, the business history and the location. Asked to see the books for the past three years and have your CPA advise you.

Answer by  Dean (4035)

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.

Answer by  Darry (3853)

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.

Answer by  Benny19 (35)

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.

Answer by  anon88 (166)

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.

Answer by  partibreaker (87)

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.

Answer by  willbfy8 (21)

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.

Answer by  technogeek (6640)

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.

Answer by  joe34 (57)

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.