Is Owning A Gas Station Profitable 2024?

Gas Station Owner Earnings

Overall: $40,000 – $100,000 – West: $60,000 – Midwest: $61,000 – Northeast: $69,000 – South: $66,000

Factors That Affect The Earnings Of A Gas Station

- Type of Gas Station - Location - Size - Services Offered - Local Competition - Gas Prices - Taxes & Regulations

Operating Expenses of a Gas Station

- Labor Costs - Card Processing Fees - Maintenance - Utilities - Lease/Rent - Insurance

Gas Station Profit Margin

The profit margin of a gas station is only 1% – 1.4%, which allows the gas station owner to earn only $0.03 to $0.07 per gallon.

Impact of EV in Gas Station Businesses

The electric vehicle market can be the biggest threat to those looking to enter the gas station business in 2024.

Is Owning A Gas Station Profitable?

The profit margin in the gas station business is shallow (1% – 1.4%), which is nothing when compared to the profit margin in the retail or QSR industry