Owning a gas station is often feast or famine. The thing that a lot of people do not realize is that the profits do not come from gas sales. Profits come from other offerings. Convenience store sales and other services are where the money is found. In this age of pay at the pump convenience, the task of getting customers to actually come inside the store so that those purchases that result in profits can be made is daunting to say the least. Following are some ways that financing can help.
Use Financing to Add New Services
Would the addition of a restaurant or at least a few tables for sitting and eating the deli counter food be a good move? Would a car wash be profitable based on your location and customer base? Maybe the addition of movie rentals or a couple of gourmet coffee machines would be a good fit? Gas station financing could help with that.
A gas station loan could allow you to offer better facilities to your customers. Maybe your building is clean, but it is so old it doesn’t appear to be so. Maybe the building is fine but you only have one restroom in total. All things being equal, customers will go to the gas station with the nicer restroom. A gas station construction loan could allow you to build a new building or improve current facilities.
Convert to a Truck Stop?
If you are a gas station in a prime location, it could behoove you to consider commercial business loans to convert to a truck stop. Add parking, food options, phones, showers, and maybe even a comfortable lounge. Interstate locations are especially great for this as interstates will always have truckers.
These are just a few of the ways financing can boost your gas station profits. If you decide to try one of these projects or come up with one of your own, Biz2Credit can help. We have a network of 1,300 lenders that offer all types of business loans, including gas station financing. Visit Biz2Credit.com today to find what we can do for you.