How to operate
A Gas Station
How do you Start a Gas Station Business
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hey guys tony bryson here and today i'm
going to tell you exactly how do you go
out there and start your own gas station
and why would you actually want to step
by step okay
and although you might say tommy a gas
station just like pumping gas
makes no sense the answer is if you have
a gas station there are around
five different ways or six different
ways to actually go ahead and make
income just from one business basically
a gas station
is just the front there's a lot more
different ways within the gas station to
actually make a ton of money
and that is we're going to talk about
today in this video and by the way guys
it's usually those boring businesses you
don't know you can actually get into
the reality can make you a ton of money
for example
gas stations cleaning up trash and on
top of that
having an atm business and actually make
you a ton of money and by the way last
year
i made a video that over a million views
and how to start an 18 business
usually people say hey i didn't even
know i can go ahead and start an atm
business
without needing to be a millionaire and
by the way you don't need to be a
millionaire
to go ahead and open up a gas station
either
and that's the cool thing right here
about this video and by the way guys if
you guys are new here
i post videos every single day and also
subscribe and hit the bell straight
notified on top by also destroying
the like button now the first thing is
this guys okay
before i tell you exactly how to
actually buy a gas station
how much will it cost and also the
profits and how to make money
i want to give you guys an example that
way you know exactly that it's possible
to go out there and become a millionaire
or billionaire
just by going out there and starting out
with one gas station and going on
and on and on now this right here guys
this guy right here
his name is harry okay now harry right
here came from
india with 50 in his pocket okay
and he started out as a taxi driver then
a mechanic that opened up a gas station
and before he knew it
25 years later today harry is actually
a billionaire now all those is a great
story the point of this basis tell you
hey
it doesn't matter who you are where you
come from if you're college educated
if you're not from america all that
stuff okay the answer is if you have the
will
and you have knowledge you can go out
there and get a lot of money especially
with the gas station okay and by the way
you might say for example tommy
i get it but gas stations with electric
cars coming out
in reality they're going to be obsolete
but if you guys never noticed this
you know gas stations don't make money
by selling you gas they make money
by getting you in the door and then
offering you other
services in reality the gas station the
actual
gas that is the front for the actual
business which we will break down
in this video right here and by the way
guys i recommend you go out there and
find out more about harry
that way you know exactly what he did
how to copy it
and go after the exact same thing and
that way you get the same results that
he actually got himself okay
now the first thing is this okay tell me
what is the cost of actually buying a
gas station okay
and how exactly do i do it well there
are three ways to go out there and own a
gas station the first one is basically
you buy one from someone else say this
basically you get a franchise
the third one is basically you build one
now to be honest with you guys
franchise and building a gas station
probably gonna be the most expensive
ways to actually go ahead
and own a gas station but for example if
you buy one
from someone that already has it well
that is the cheapest way to actually own
one and that way
you get to own it without worrying about
hey i have this land
i gotta buy now or at least i have to
build the whole gas station the whole
trade route
and all this extra stuff because
basically that is going to be
very expensive or for example i want to
get
a 7-eleven gas station but basically i
have to pay 20k
or 100k just to get in the door with the
entire franchise but if you just go out
there and buy a gas station
it's a lot cheaper and easier to
actually get into it okay and that way
you don't have to build anything or
follow anybody's rules okay that way you
own it yourself
now how much exactly is it going to cost
you to go out there and actually buy
a gas station by the way i guarantee
you're going to be surprised here okay
because basically
here it is guys okay if you go to a biz
buy sell
and you click gas stations basically you
can buy businesses right here the answer
is a gas station can range from
ten thousand dollars all the way up to
two million
all the way up to a lot more money but
usually in new york it's around 100k
to 500k and the cost the price of it
is going to be based on three things and
those three things are basically
location location location
if it's busy a good area a lot of
traffic usually
is going to cost you a lot more money
and also say for example you want to buy
this one right here
that's 180k this one is 590 but it also
has a very fancy convenience store
that brings in a ton of profits and then
this one right here
is around 900k but again this one also
has a car wash so
it all depends on what the gasoline
comes with because basically
you're not selling gas you're selling
other services and that is what you want
to get into but tell me
how the heck am i supposed to afford 10k
or 100k or for example even 900k
the answer is there are three ways
number one you save up the money
and then buy it for cash if you want to
or you get good credits
you build a history your relationships
and then go out there and get a loan
from bank
or for example you ask the owner that
already owns it hey
i want to buy it can you offer me seller
finance that way you put down a down
payment
and you pay the owner off in like 10
years or five years and that way you're
pretty good to go okay
and by the way the one that comes with
the entire car wash
well that one's actually our friend
owner financing okay
now there is one question i want to
answer here which basically tell me
if this business model is so great why
would someone want to sell it okay the
answer is
a three-part answer the first part is
basically well
59 of gas stations are owned by one
person
and also operated by that same person
okay so for example
i go ahead tommy i buy a gas station and
i work there for the next 10
to 20 to 25 years the answer is
sometimes after a while
you no longer want to work there and not
everyone wants to go out there and buy
one
then the other one then the other one
because basically not everyone's as
business savvy as you probably are so
usually
it might be like hey i'm tired of this
business i want to sell it
i no longer care about the profits okay
on top of that number two
there's always the fact that basically
they might be trying to scam you so for
example hey
this gas station is great so great but i
want to celebrate wasting
once you buy you find out basically hey
there's not a lot of traffic
gasoline sucks there's nothing good
about it whatsoever or
number three basically hey i have this
good gas station but
i'm also tight for money because
something else i actually did and that
way
you get to buy for a discount you solve
a problem for that person
and you actually own a gas station for a
very good price
and a very good deal so again between 10
000
to 100k to 500k to 2 million
depending exactly where you're actually
going to go ahead and buy this gas
station again
new york very expensive other states
less expensive
it all depends also where you actually
are but by the way again
you don't need as much money as you
think you actually do
now the second thing i want to break
down before i tell you guys about the
profits is basically tell me
how much it's going to cost me to
actually operate this gas station okay
and by the way guys please please please
if you go ahead and buy gas station do
not buy
a job okay basically you buy the gas
station and now you work there 24 7.
that's not what you want that's you
buying a job the whole goal is basically
i buy one i buy a second one a third one
a fourth one a fifth one
and before you know it you have your own
empire of gas stations okay and you
might think hey gas station is not cool
but the answer is
you can make a ton of money just wait
until we get into the profits okay
and that's when it's going to surprise
you but overall okay
the cost to operate a gas station
obviously number one
is hey you need employees okay either
1099 or w2 employees or basically
they work there on your schedule or
their schedule the answer is you need
employees but i do recommend before you
go out there and buy a gas station make
sure
you get hired by a gas station you work
there for around six to twelve months
that we know the business and once you
own your gas station
will work there for six to eight months
also
that way you get to learn your whole
entire area
of your gas station you know exactly
what works what doesn't work and that
way
you don't get scammed by employees
because basically
if i know my gas station what it takes
what it brings in
the business well no one can go ahead
and scam me don't buy something
that you know nothing about usually a
very bad idea but also on top of that
you also have for example
legal costs insurance premiums on top of
that also state permits
also inventory maintenance and so on
and so on when it comes to actually
owning a gas but usually
when you buy a gas station all those
permits get transferred to you
and that way you have to go out there
and get new permits and pay extra money
usually that is what happens and yes
obviously um gas is a part of your
inventory and to get gas usually
you have to sign a contract with a
supplier supply with gas you make some
extra money
yes but again okay a gas station is not
going to make you all the money from the
gas because basically
that is just the front and you want
people to go inside the gas stations
then go ahead
and offer the service that way you get
paid a lot more money
now the third part guys is basically my
favorite part which is basically tell me
the profits how much money can this
business right here
actually make me the answer is again the
gas station
is just a front but there are around
five to
six different ways to actually go out
there and make money with a gas station
okay
and you can actually make a ton of money
the first way obviously
is the gas okay but the margins are very
slim so you're not gonna make a lot of
money from giving people gas okay
that's the first step but the second way
is basically if you have a convenience
store
you sell coffee snacks sandwiches
sodas soft drinks all that stuff in
reality
they can gross you around 50 000 every
single
month 50k in revenue and again this
depends
largely on the location and the traffic
that comes into your store
every single day okay so keep that in
mind now on top of that let's say for
example you also have a car
wash right the answer is this guy right
here that's selling this one right here
well he says
that he has around gross revenue around
800 000 coming in from this car wash
every single year again is that the norm
the answer is
no you might make between 100k to 200k
or 500k or even potentially a million
dollars but the answer is the average
might be around
100k every single year from that car
wash so overall you can make a lot of
money from having a car wash
in your entire gas station again the gas
station the actual gas
is just a front but grocery store and
the car wash right there
you're talking about almost a million
dollars just in revenue
if everything goes well but usually it
won't i'm being honest you have to build
things up step by step
build customer loyalty and so on and so
on and so on but also that's not the
only way
to make money from a gas station okay
because also if you want to
you can actually become a mechanic and
have a whole mechanic area
right there to repair like cars in your
whole gas station but also
if you don't want to go out there and
become a mechanic what you can do is
basically
build the space and rent it out to a
mechanic and then have them on the lease
and that way
he pays you money to have that entire
shop
right there and that way you basically
get rent from the mechanic
but you're not actually doing any
mechanic work either which is pretty
cool right
now lastly guys here if you want to take
this to the big leagues and take it to
the whole next level here like harry did
the answers you can actually build your
own gas through your own oil rule so
basically
you go ahead and start supplying other
gas stations with gas and that we get to
make a ton of money when it comes to
profits
but overall guys okay the idea is this
if you go out there and buy a gas
station
the most important part is going to be
the location the foot traffic
and if you have for example also a
convenience store or a car wash
or any other way to actually make money
again
the gas station itself is just a front
okay
that's not going to make a lot of money
but the car wash the convenience store
also maybe like the mechanical shop that
is going to make you a ton of money and
that is where the bulk of the money
actually comes from okay but overall
guys i do want to say
one last thing here guys okay if you
guys notice here okay the gas again
the last time here is not what's going
to make you money so for example
if in 20 years we don't have gases
anymore and just like electric stations
the answer is it does not matter because
basically
we never made money from gas we only
made money from convenience stores
car washes and also for example
mechanical shops okay so basically
whether you have electric stations or
gas stations in the future
it does not matter you will still get to
make a ton of money okay
but guys overall thanks for watching and
as always if you're here well like this
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tommy bryson and on top of that if you
want to watch the video
and how to start an atm business watch
this video right here and also click my
picture now i'll switch tomorrow thanks
for watching and as always
peace
