How to make money at a gas station

The financial success of a gas station can greatly depend on circumstances that are not directly related to the quality of service and even the location of the “gas station”. You can learn about these important details either from your own experience, which often comes too late, or by taking the experience from others and taking care of those moments that make a gas station truly profitable.

Instruction manual

1

Enter into a franchising cooperation agreement with one of the leading oil refineries in the country - under the sign of such a company, things are going at least twice as successfully. The income received as a result of such a “rebranding” will more than cover the amount that you will pay monthly to your senior partner, such a move is justified in all respects. It is important only when choosing a patron company to take into account the location of its nearest oil depots that you have to work with - the convenience and speed of fuel delivery also means a lot.

2

Examine in detail the conditions for the supply of gasoline from the refinery that the franchisor company offers you. The sale value may, for example, already include the value added tax and the tax on the sale of oil-containing products, or it may be that these taxes will then have to be paid from the budget of your gas station. It is extremely important to understand the pricing of the supplier and then not get confused in their own bookkeeping, losing profits due to incorrect calculations.

3

Take care of the protection and security of your gas station - any incident can not only cross out all current income, but also drive you into a debt hole. This concerns not only incidents of a criminal nature (which is not uncommon on suburban roads), but also safety measures when working with fuel. Sign a contract with a security company, equip the operator’s building with bulletproof glass, follow all fire safety rules and instruct personnel.

4

Save on staff salaries by organizing training for new employees - it’s more profitable to train employees without experience than adjusting to the salary expectations of experienced gas station operators, who also know how to organize work “for their own benefit” at the gas station. Such a policy in working with staff will significantly increase their own profits and create jobs for residents of nearby settlements, often suffering from unemployment. It is such simple measures in the management of a gas station that allow you to gain good momentum, reach the payback threshold and begin to receive tangible income.

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