How much does it cost to buy a gas station in Canada?
The required investment. To become a Petro‑Canada retailer, you must be financially capable of making a substantial working capital investment. This investment varies and depends on the location, product service offering and size of the site, but is often more than $25,000.
How much does it cost to buy a gas station?
Upfront fees can be as low as $20,000 to lease an existing location. However, if you have to purchase real estate to build a gas station from the ground up, initial costs could top $1,000,000.
Is gas station a profitable business in Canada?
Gasoline stations – 447. The information on revenues, expenses and profits can be used as a benchmark against the performance of your business and can help you to identify opportunities to gain efficiencies. Canada’s total operating revenues reached $68.7 billion in 2018, increasing from $63.0 billion in 2017.
Is it profitable to buy a gas station?
Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Below are some reasons for the popularity of gas stations as investment options. Why gas stations are a popular investment. Gasoline sales in the United States are on a constant increase.
How much does a Petro Canada gas station make?
Average Petro Canada Gas Station Attendant hourly pay in Canada is approximately $14.89, which meets the national average. Salary information comes from 85 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
How much does a gas station owner make a month?
Merchandise sales average approximately between $124,000 and $142,000 per month, according to figures from the same time period. A gas station owner’s annual earnings before taxes might be above six figures if he operates a high volume store in a prime location.
How much money can you make owning a gas station?
Gas Station Owner Salary Overview If your station is in the West, you’re more likely to make around $60,000 annually on average. Gas station owners in the Midwest could earn around $61,000 on average annually, while operating a gas station in the South could earn you around $66,000 on average per year.