Are you interested in opening a low cost gas station? If so, then this guide is for you. The necessary steps to open a successful low cost gas station are detailed below.
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How much does it cost to open a low cost gas station?
The costs to open a low -cost gas station are significantly lower than those of a traditional gas station. The initial expenses for the construction of a low -cost gas station are approximately 300,000 euros, while the costs to open a traditional gas station can be around 2 million euros. A low -cost gas station requires less personnel and has lower operating costs.
How much does it cost to put a gas station?
According to the Ministry of Industry, Energy and Tourism, the average cost of construction of a gas station in Spain is about 1.2 million euros. This is a very high initial investment, but it must be taken into account that it is a business with a lot of potential.
Gas stations are a very profitable business, since thousands of vehicles use daily. In fact, according to data from the National Statistics Institute (INE), in Spain about 2.5 million liters of gasoline are sold every day.
Therefore, if one takes into account that the price of gasoline is about 1.20 euros per liter, it can be calculated that a gas station can generate about 3,000 euros per day of benefits, which represents about 1.09 million euros to the year.
On the other hand, the fixed costs of a gas station must be taken into account, such as the rent or purchase of the land, the construction of the gas station, the maintenance of the equipment, etc. Even so, the net profit of a gas station is usually about 300,000 euros a year.
In summary, putting a gas station is a very profitable business, although it requires an important initial investment.
What profit margin does a gas station have?
Gas stations obtain a 3-5%benefit margin, which means that for each liter of gasoline sold, the gas station wins between 3 and 5 cents. This may seem little, but considering that gas stations sell millions of liters of gasoline a year, the profit margin becomes a very significant amount.
What is needed to own a gas station?
What is needed to own a gas station?
Being a gas station can be a great investment, but it can also be very expensive. To own a gas station, you need to have a driver’s license, a business license and insurance. You also need to have a bank account and a credit card.
