Industry Analysis & Industry Trends
As the US economy gains steam, more consumers are expected to hit the road and demand gasoline. Furthermore, strong economic growth will push up demand for crude oil, thus paving the way for higher industry revenue. Although the majority of industry revenue is earned through gasoline sales, store owners are increasingly reliant on convenience store sales because in-store products are more profitable than gasoline... purchase to read more
Industry Report - Starting a New Business Chapter
The primary barrier to entry into the Gas Stations with Convenience Stores industry is the large upfront capital investment that is needed to obtain a station. The cost of obtaining a site, whether it be by purchasing or leasing, varies greatly with its size, revenue and location. Furthermore, the capital cost of developing a gas station is substantial, ranging from $1.5 to $7.7 million. These costs include developing fuel storage and refueling areas where distributors can refill fuel.
Market saturation is also a barrier to entry in highly concentrated regions such as the Southeast, which contains more than a third of all establishments that services only a fourth of the US population... purchase to read more