If you plan to invest a fair amount of money, the gas station business is one of the best options. When you choose the right development land for your gas station and run it well, you can be rest assured to generate healthy profits. But it would be best if you also understood that this is one of the labour-intensive businesses. The profit margin largely depends upon the ability to operate it by mixing it up with other businesses and choosing the right gas station development land for sale available and the fuel price. The last part is out of your control, making it almost impossible to make huge profits month on month. However, if you correctly market, you will be able to establish a stable income from it.
You might be thinking that good profits will come out of gas station development land located in a prime residential location in Ontario; however, that is not entirely true. You will still find a suitable development land on highways that will bring you good profit if you have other businesses associate like a car wash, convenience store, etc. Moreover, the location should be good enough for heavy trucks and other vehicles to come and go out of your station.
As a buyer, you might be a little wary of buying such development properties for a gas station because of other legal requirements and processes to follow to get the government's consent. However, it is not such a difficult task if you help an expert like us who have dealt with thousands of such sale in Ontario.
While acquiring development land, you should not dismiss considering buying used decommissioned/ unused gas stations that are already available. With very minimal investment, it can be up and running in a short time. However, you will need an expert's help to understand why this gas station was decommissioned and determine the extent of issues and remedial work required.
At Nav Sidhu, we recommend and help all our buyers investigate the status of the property our customers wish to purchase. We also conduct rigorous investigations before listing them on our website and recommending it to our customers to understand any legal issues on the land. We have listed gas station development land available for sale ranging from cheap ones to ones located in the high demand markets or locations. Our team can help you find suitable properties by assisting with the transition of ownership, financing, etc.