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  Canada Immigration Forum > About Canada > Business > Buyng a Gas Station in Rural Area ... Any first hand info ?
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Buyng a Gas Station in Rural Area ... Any first hand info ?




Hello friends,

I am thinking to buy a gas station with a convinience store in a rural areal ( in a radius of 200 KM from Toronto ).
I need information about -
1. How much finance I should be prepared to invest - ofcourse this depends the size and place of the business but if someone can give me rough estimate..
2. What is the profit margin i.e what return I should be expecting.
3. What are the issues I should be considering before getting into this venture ?

Any suggestion ? Any advise ?


 
Namaskar

Junior Desi
Member since: Oct 04
Posts: 13
Location: Etobicoke

Post ID: 56782 08-09-05 22:33:07
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Smiley
Senior Desi
Member since: Mar 03




Posts: 1185
Location: USA


http://www.chevron.ca" rel="nofollow">LINK

You will get some good Info here

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Last edited by: Smiley on 09-09-05 01:45:49
Post ID: 56787 09-09-05 01:45:40
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DesiTiger
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Member since: Aug 03




Posts: 1205
Location: Mississauga


http://www.chevron.ca/Career/Retail/RetailerOpportunities.htm


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Post ID: 56799 09-09-05 08:15:04
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Big Vee
Senior Desi
Member since: Jan 05




Posts: 456
Location: Canada-Glorious and Free

Why is it....
that any time some asks about buying a gas station, we get this chevron website with no useful information.

Namaskar has some specific questions... and would love SPECIFIC answers.

Check out this thread for some details on the Gas Biz. And I believe it answers your questions and more.

http://www.canadiandesi.com/read.php?TID=3115" target="_blank">http://www.canadiandesi.com/read.php?TID=3115


BV


Quote:
Orginally posted by DesiTiger

http://www.chevron.ca/Career/Retail/RetailerOpportunities.htm




 
Last edited by: Big Vee on 09-09-05 08:45:43
Post ID: 56802 09-09-05 08:36:37
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Azazf
Senior Desi
Member since: Oct 04




Posts: 508
Location:


My personal exp.........A buddy of mine bought it and I ran it on my own for few days before calling it quits becuase i was bored oout of my skull.
The specifics are
1-Was in a place called dunnville near hamilton
2- around 40K
3-Included 8 pumps and huge convenience store and a two bedroom house behind the convenience store.
4-Margin on Gas was around10 cents or more depending on the rush and the buying rate.
5-You will make a little more money if you keep adult magazines, newspapers, lottery,cellphone cards and the regular stuff
6-Be prepared to be open from 5-30 to 11 in the night atleast. staying 24 hours open I dont think is worth it.
7-Be careful when you buy the place and make sure the tank holding the fuel does work and no extra things need to be done to it and it complies with the regulations.


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On a side note if anybody finds my comments or posts offensive or irritating please ignore it and if that still bothers you; please write to me and I will demonstrate.

 
Last edited by: Azazf on 09-09-05 09:38:56
Post ID: 56807 09-09-05 09:08:16
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DiogenestheCynic
Senior Desi
Member since: Oct 04




Posts: 859
Location: At my desk


Quote:
Orginally posted by Azazf
2- around 40K


That seems to be missing a zero.

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Diogenes
====================
The Cynic

 
Post ID: 56820 09-09-05 10:16:17
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Azazf
Senior Desi
Member since: Oct 04




Posts: 508
Location:


Quote:
Orginally posted by DiogenestheCynic

Quote:
Orginally posted by Azazf
2- around 40K


That seems to be missing a zero.



Nope........40 Thousand......thats correct
was on lease for a year..........Forgot to mention that

-----------------------------------------------------------------
"Progress comes from deviation".

On a side note if anybody finds my comments or posts offensive or irritating please ignore it and if that still bothers you; please write to me and I will demonstrate.

 
Last edited by: Azazf on 09-09-05 10:59:34
Post ID: 56821 09-09-05 10:58:26
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Namaskar
Junior Desi
Member since: Oct 04




Posts: 13
Location: Etobicoke


Thanks for everybody's inputs. It is a great help ..

So as I understand,

1. $40000 will cover cost of leasing the business premises as well as inventories of gasoline and convinience store items... Is that correct ?

2. I should arrange that someone ( myself or my family member )attends it for 18 hours a day, 7 days a week. ( if no emloyee is hired initially )

At the end of the year, what net income I will be looking around ? 80 k to 100 k ? or less or more ? Any idea ...

Thanks in advance.




 
Post ID: 56896 10-09-05 07:38:32
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