Table of Contents
Is it bad to live next to gas station?
Is it safe to live so close to a gas station? Some of the perils include ground-level ozone caused in part by gasoline fumes, groundwater hazards from petroleum products leaking into the ground, and exposure hazards from other chemicals that might be used at the station if it’s also a repair shop.
What are the benefits of owning a gas station?
List of the Pros of Owning a Gas Station
- A gas station has a product which is always in demand in every community.
- Gas stations provide drivers with more options today.
- You can sell more than fuel at a gas station.
- It does not require skilled labor for most employment positions.
- You get to call the shots.
Is owning a gas station a good investment?
Gas Station Real Estate Instead of buying the actual gas station business, you could also buy the real estate underlying a gas station and become a landlord to an operating business. Doing this makes the investment much more passive for you since you’re just the landlord.
When to be concerned about prior contamination when buying a gas station?
When purchasing a gas station involving only the lease of the underlying property (as opposed to the outright purchase), you must nevertheless be concerned about prior contamination. To learn more about proven strategies and legal representation when buying a gas station in New York or New Jersey:
Should you buy a home near a gasoline storage tank?
Also, pipes leading to the tanks can be accidentally ruptured. When thousands of gallons of gasoline enter the soil, chemicals travel to groundwater, which the EPA says is the source of drinking water for nearly half the U.S. If buying a home, consider its potential loss in value if a nearby underground storage tank were to leak.
Are gas stations a good business to franchise?
Gas stations are a great business to franchise because the demand for fuel in America is constant and not going anywhere. Our country literally runs on gas. People need to drive to work and trucks need to carry goods across country. Gas stations are a $250 billion a year industry.