What is the average income of a gas station

She has professional experience in business-to-business sales, technical support, and management. Helen Akers. Share It. Craft and Fine References BizBuySell. See how much you could earn by owning your own gas station. Gas stations always seem to be busy, but is the cost of owning one of these businesses worth it? We take a look at how much gas station owners make, which factors affect profits, and things to watch out for if you decide to buy or open a new gas station.

Some factors affecting profit are easy to spot, while others may catch you by surprise. Every industry has expenses unique to that specific field, and some fees and operating expenses are the same regardless of the type of business you own.

We break down some of the biggest profit-eaters for gas station owners below. The address of your prospective business may be one of the most important factors to take into consideration when deciding whether to own a gas station.

But there are other issues with location besides just traffic. You may also end up paying higher business taxes in some locations than you would in others. Another factor to consider when it comes to choosing a location is where your competition is located. While having a rival gas station directly across the street from you could benefit both businesses, having too many competitors around could harm your revenue.

While not unique to gas station owners, credit card fees are rarely thought about ahead of time. Usually, the realization that processing fees are eating into your profits only comes when you review your bank statements. When looking for a property to purchase, remember that not all gas stations are created equal. Try to find a property that is in a good location on a busy main street, a high-traffic intersection or close to a highway.

Also consider finding a property where you can charge above-market prices for fuel, such as near airport car rental returns or in the busy business district of a downtown area.

Follow her on Twitter at francesk. Share It. If you do decide to own a gas station, open one in areas experiencing higher population growth.

These places will offer more potential customers and a higher income. Career Advice. By Rick Suttle. Income and Qualifications Gas station owners pay their own salaries from the profits they earn. Income by Region Average incomes for gas station owners varied considerably within the four U.

Contributing Factors Most gas station owners earn more after gaining years of experience in the industry.