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The secret to a great gas station business, is being not primarily in the gas station business, but in the higher margin food business. The Sheetz gas station
by adventured 7y ago
The secret to a great gas station business, is being not primarily in the gas station business, but in the higher margin food business.
The Sheetz gas station chain along the US east coast for example has a wildly thriving business and is demolishing every other gas station in its path. ~25 years ago they started doing things quite different than all the other competition and it has led to them building out hundreds of locations. They're up to $7.5 billion in annual sales now. It's all built around great locations (of course) and the margins in their food making business. They did touch screen ordering kiosks as early as any other major food-related chain in the US, and 20+ years before McDonald's deployed them widely. The gas merely draws traffic, there's no serious money in that part of the business.