I am sure as a business owner your goal always is to see how you can increase sales and generate more profit. Well, there are ways we can do that without getting into any huge investments. I want to show you how we can add income to our bottom line by simply adding some extra …
Fuel or Gasoline part of your business has many moving parts, and even being in this business for many years some of us still do not have a clear understanding of what rack price is, what jobber markup is, what and how crude oil pricing effect us or what pool margin is and how all …
5 Key Elements of Fuel Pricing Strategy You Should Know Read More »
Imagine for a second. Just by a change in appearance you make a business go from loss to profit, well minus the legacy cost off course. So yes that is the very reason I have decided to share this topic with you and do a separate podcast episode just on this topic. I do think …
How a 10 Step Appearance Upgrade Can Make your Business Profitable Read More »
Due diligence is a process where we try to find out the facts, figures, and all relevant information about a business we are looking to purchase or lease. Simply put it is a fact-finding mission about a business. Simple psychology tells us if a business is doing great, making money then why would anyone sell …
How to Do a Thorough and Proper Due Diligence on a Gas Station Business Read More »
If you are new to gas Station business but have enough interest to dig dipper into this business, than next step for you is to try and find a few businesses for sale and evaluate them the best way possible and see if any of them fit your budget and need. As I mentioned before, …
How to Find the Right Gas Station Business to Buy or Lease Read More »
What is gas station business? A typical gas station has two main parts -Gasoline or fuel and then there is the Conv. store where we sell from soda pop, candy, milk and snack foods. Most typical conv. stores carries around 2000 items or SKU, you can think of them as a mini grocery stores …
As I have said last but not least among financial ratios consider in financial analysis of a gas station business plan is Capitaliztion Rate. Capitalization Rate (Cap Rate) is a ratio used to estimate the value of income producing properties. In general, the lower the cap rate, the higher the selling price of the …
Lending businesses / organizations either private or government based the approval of a loan as a result of financial analysis done using financial ratios among other things on gas station business plan presented. In most cases, the financing is underwritten based on the merits of the individual case. That is, there’s no hard and fast …
As I have said there are two general types of gas station businesses with numerous variations that you can apply. Exactly what shape your gas station business takes is going to depend upon factors such as those we have just alluded to – the property value, the type of neighborhood, your customer/ target market base, …
Gas Station Business Plan – Getting To Know Your Gas Station Business Target Area Part 2 Read More »
Part of having a Gas Station Business Plan would be to research the activities of other investors in your community, or at least keeping track of successful investment or business stories in your gas station business target area. You should establish a separate file to store information – notes and clippings – on each story. …
Gas Station Business Plan – Getting To Know Your Gas Station Business Target Area Part 1 Read More »