5 ms·
they make operating cash flow from convenience store, the profit ultimately comes from increase in land valuation, same game as mcdonalds really
by alliao 5y ago
they make operating cash flow from convenience store, the profit ultimately comes from increase in land valuation, same game as mcdonalds really
- maxerickson 5y agoGlobally, McDonald's makes an average of ~$200,000 income per store per year. Convenience stores mostly don't do that well, but the typical land isn't appreciating at anywhere near that pace either. (It can be in some places; here, there's undeveloped land near most of the stores, which is a common scenario…)
- ravel-bar-foo 5y agoReally? Gas stations usually become toxic waste cleanup sites at EOL. How do they turn a profit by selling the land?
- philips 5y agoExactly the term the EPA uses is Brownfield: > Petroleum brownfields, such as old abandoned gas stations, are being cleaned up and reused to the benefit of communities across the country. EPA’s Office of Underground Storage Tanks (OUST) and Office of Brownfields and Land Revitalization (OBLR) jointly focus on the cleanup and reuse of petroleum contaminated sites. https://www.epa.gov/ust/petroleum-brownfields https://www.epa.gov/ust/petroleum-brownfields