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  1. #1
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    How much do gas station owners earn on average?

    Anyone know?
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  2. #2
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  4. #4
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  5. #5
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    most station owners are shady and do not declare all they make in order to avoid paying excise taxes and federal taxes. Also, most of there employees are paid under the table or they have a legion of family members who work.

    Due to these illegal activities, many make a lot, around $250K. But remember, this supports a 20 member household so it's all relative
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  6. #6
    Registered User dixon's Avatar
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    I would say "most" gas station owners own a chain/franchise, and therefore own other chains and franchises because those things have large startup costs. Therefore, most are multimillionaires (at least in the worth of their business assets).
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    Originally Posted by dixon View Post
    I would say "most" gas station owners own a chain/franchise, and therefore own other chains and franchises because those things have large startup costs. Therefore, most are multimillionaires (at least in the worth of their business assets).
    That's not true at all. Sure, some do own multiple stores, however, most do not.
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  8. #8
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    Originally Posted by dixon View Post
    I would say "most" gas station owners own a chain/franchise, and therefore own other chains and franchises because those things have large startup costs. Therefore, most are multimillionaires (at least in the worth of their business assets).
    completely wrong... most are single owned franchises
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  9. #9
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    Fuel stations are typically not very good money makers unless they have an attached car wash, convenience store, repair station, etc. The margin on gasoline is actually extremely low.
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  10. #10
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    I wouldn't say millions. Maybe high 5 figures.

    My friend's family owns a mom & pop gas station here, and they're pretty well off. They don't drive real fancy cars or anything. Just 2 trucks and a small toyota car.
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  11. #11
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    Originally Posted by lookin4size View Post
    Fuel stations are typically not very good money makers unless they have an attached car wash, convenience store, repair station, etc. The margin on gasoline is actually extremely low.
    Yeah, I've heard about that...most owners make the bulk of their profit from what they can sell in their convenience stores.
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  12. #12
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    the key for most wanting to make money is to sell 87 octane in all the other octanes...
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  13. #13
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    Originally Posted by lookin4size View Post
    Fuel stations are typically not very good money makers unless they have an attached car wash, convenience store, repair station, etc. The margin on gasoline is actually extremely low.
    100% CORRECT..
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    Originally Posted by xcelxp View Post
    100% CORRECT..
    Alright, the PM on gasoline sales is ~2.5% on regular and like 4% on the premiums. The sales volume is large if situated in the right location.
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  16. #16
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    they just get paid in liquid, no money.
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  17. #17
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    Originally Posted by buddy72192 View Post
    completely wrong... most are single owned franchises
    You're completely wrong. Many are owned by people with multiple businesses who don't even attend them on site.

    I've never even seen these "Mom and Pop" gas stations you guys are talking about. I see huge franchises with franchise convenience stores beside them. The local ones here have managers but the owner probably hasn't visited in years.
    Last edited by dixon; 03-28-2008 at 03:39 PM.
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  18. #18
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    Originally Posted by BillyDeanM View Post
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    Originally Posted by tourettes_son View Post
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  19. #19
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    Not that much...it's incorrect to say that they make a lot because gas prices are so high...in fact, they make very little of that, it is the big oil mining companies that make a lot of cash.
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    retail is a nickel and dime business unless you are large scale
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    Originally Posted by theatrics_ View Post
    Not that much...it's incorrect to say that they make a lot because gas prices are so high...in fact, they make very little of that, it is the big oil mining companies that make a lot of cash.
    You mean oil drilling, there's no such thing as oil mining except in shale.

    And at times oil companies make huge profits, and at other times they record several year long losses or companies shut down. When they make profits those are reinvested into exploration for future sites or paid back to shareholders.
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  24. #24
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    Originally Posted by LatinoHeat210 View Post
    Ask this question in Hindu for a better response...
    dirka dirka?
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  25. #25
    Mutual Rapist Asian Lifter's Avatar
    Join Date: Sep 2007
    Location: Orlando, Florida, United States
    Stats: 5'4", 168 lbs
    Posts: 7,129
    BodyPoints: 8055
    Rep Power: 1660
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    guy i met at the gym today said he just sold his gas station... he said it made about 50k a year.
    .:Foot Fetish Club:.
    "We don't mind suckin on toes!"

    http://forum.bodybuilding.com/showthread.php?t=152683873&p=1042736063&viewfull=1#post1042736063

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