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> in a prime location I have no doubt that owning a gas station can be hugely profitable. Those independents making 500k made more money because they could get
by listenallyall 5y ago
> in a prime location
I have no doubt that owning a gas station can be hugely profitable. Those independents making 500k made more money because they could get away with charging more for gas, being in a great location. Not because of lower costs. And also because, despite anecdotes, most people are not super price sensitive.
- refurb 5y agoCosts are lower for independents though. No franchise fee, you can source your own goods (franchisees often have to buy from one supplier). The franchiser can squeeze a lot of margin from the station. Of course being independent is much harder, but also potentially more profitable.