Industry Analysis & Industry Trends
Increased fuel demand and price have boosted revenue for the Gas Stations with Convenience Stores industry. Consumers generate most of this industry's sales, and consumer demand has risen over the period with growth in per capita disposable income and consumer confidence. This industry is highly competitive, and volatile and rising oil prices have dampened profit margins over the past five years... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the Gas Stations with Convenience Stores industry are moderate. Most operators are independent entrepreneurs who purchase a franchise from a franchisor. The cost of purchasing an existing franchise station ranges from $1.6 to $2.6 million, which significantly raises the barriers to entry for prospects. Building a new station requires a larger investment due to costs associated with developing the land and installing containment tanks underground. Costs are even greater if prospects want to offer amenities, including car wash and vehicle repair services. Initial investment required to build a new station can amount to as much as $8.0 million.
Barriers to success in this industry are formidable... purchase to read more