Is Leasing a Gas Station Business with Convenience Store a Better Alternative for First Time Buyers?

 

If you are about to venture into the lucrative business of gas station business with convenience store, you might want to consider leasing a location instead of buying specially if you have limited budget.

 

* Leasing has less risk exposure than buying a facility

* Leasing requires less up front capital

* Easier to get out if you don’t make money

 

Here’s a scenario in which leasing might be better: if you only have $50,000 to $100,000 and average credit, finding your purchasing options more limited, you probably have many more options leasing versus buying.

In this situation, you may still be able to find a gas station business with convenience store to buy with real estate. Try to find one where the owner will agree to sell it you on a vendor’s lien. A vendor’s lien, of course, refers to the right of a seller to repossess the property sold until the buyer makes all payment.

Most times these types of gas station with convenience store are barely breaking even and require more hands on approach to make them profitable through excellent customer service to lower prices to be the most competitive gas station business and convenience store around and a top notch marketing effort.

Contact some brokers and check the previously mentioned sites online to see what stores are available for lease. Conduct your due diligence, consult a lawyer, and see if you are ready to sign on the dotted line.

As I have mentioned, buying your gas station business with convenience store is likely the best option but you have to do due diligence either way. Assuming you make the business a success too, you can pretty much guarantee you are going to have more options, more flexibility down the road.

For more information about buying vs. leasing a gas station business with Convenience Store Go here

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