Is a gasoline station a good investment? What do you think

[Starmix]

This is a great business for gas stations because the demand for fuel is constant. All wheels run because of fuel. People drive to work, and trucks need to carry goods, taxi drivers need fuel to have a continuous business day and night. Despite this, a gasoline station may have environmental issues. It is a highly competitive market but difficult if there are diligence issues, especially this time fuel is rocking. Do you or your family run a gasoline station? Do you have actual problems? I think this is a good investment if we have good capital. What do you think?

 

[Bisolami]

This is a great business for gas stations because the demand for fuel is constant. All wheels run because of fuel. People drive to work, and trucks need to carry goods, taxi drivers need fuel to have a continuous business day and night. Despite this, a gasoline station may have environmental issues. It is a highly competitive market but difficult if there are diligence issues, especially this time fuel is rocking. Do you or your family run a gasoline station? Do you have actual problems? I think this is a good investment if we have good capital. What do you think?

Gasoline is used in our say to day activities. Investing in this business will be a good and lucrative one

 

[Starmix]

All companies need fuel . How could they transact business if their company vehicles do not have fuel? Life is hard without gasoline.

 

[Shavkat]

It is a good investment because the owner always earn money despite the changes of prices. But then, it needs a lot of capital for this business venture.

 

[LoukiaCharilaou]

In my opinion, it is definitely a very good investment but you need capital.

 

[Starmix]

@Shavkat and @LoukiaCharilaou , you are all so right, investing a gasoline station needs a big capital. Only millionaires can pt up a business like this. Knowledge of its structuring and operations are a must .

 

[Sanjeev]

Yes, it is good business. But here to open a petrol pump needs approval or a licence from the government which is not easily given. But once it is set up, it is a profitable business.

 

[Hate2Wait]

It requires a lot of money and licenses along with approval from the government plus you need to hire staff so it's profitable but first it requires a bigger investment.

 

[Starmix]

Only millionaires can operate a gasoline station. Just imagine the different kinds of liquids and ads to put u in a gasoline station. There is also a window office for the posting clerk- cashier. There are also gasoline boys and staff to be hired.

 

[Hate2Wait]

Only millionaires can operate a gasoline station. Just imagine the different kinds of liquids and ads to put u in a gasoline station. There is also a window office for the posting clerk- cashier. There are also gasoline boys and staff to be hired.

Yup this is what we see happening and another are corrupt politicians who can easily own Gas stations

 

[Starmix]

Yup this is what we see happening and another are corrupt politicians who can easily own Gas stations

I do not see a politician owning a gasoline station here, but mostly beach resorts and casinos.

 

[Reedex]

It is a very good investment if you have the capital to establish it because I know very well that this investment is capital intensive.

 

[Starmix]

It is a very good investment if you have the capital to establish it because I know very well that this investment is capital intensive.

That is right, only millionaires can operate a business like this. They need to have surplus capital considering the suppliers that may originate from other countries.

 

[Ebutech]

This is a great business for gas stations because the demand for fuel is constant. All wheels run because of fuel. People drive to work, and trucks need to carry goods, taxi drivers need fuel to have a continuous business day and night. Despite this, a gasoline station may have environmental issues. It is a highly competitive market but difficult if there are diligence issues, especially this time fuel is rocking. Do you or your family run a gasoline station? Do you have actual problems? I think this is a good investment if we have good capital. What do you think?

Yes, no doubt it's a great business, but it is capital intensive, and before you start it, you need to go and learn the technicalities involved in it, in order to be successful in the business

 

[Starmix]

Yes, no doubt it's a great business, but it is capital intensive, and before you start it, you need to go and learn the technicalities involved in it, in order to be successful in the business

That is right, it needs a million capital. Those who run a gasoline station have acquired the business from their business groups like the Chamber of Commerce and those elite members of the Rotary Club. They discuss business matters so that once having the gasoline station, they will be the clients. Consultation matters also before finalizing the business.

 

[Chibson]

Gasoline is used in our say to day activities. Investing in this business will be a good and lucrative one

it is very lucrative but it requires a lot of money to start. Your location is also another important thing you need to put into consideration because it can determine the amount of profit you can make.

 

[Magnus2022]

It is one of the most profitable business you can think of . It is a business that can give over 100% ROI. Secondly, you must get licence to run the business. In Nigeria, before you get the license, you must bribe your way to the top or else nothing for you.

 

[Bisolami]

it is very lucrative but it requires a lot of money to start. Your location is also another important thing you need to put into consideration because it can determine the amount of profit you can make.

It truly requires a lot of money to start it but if the person has the capital, it will be very good for him

 

[hastral45]

Gasoline stations is a lucrative business only if you have means of establishing it. It is a capital intensive project. It involves a lot of money and regulations to follow before it can be set up.

 

[relcap23]

It's good business but one must comply with government regulations... There are many requirements and most of them who are already in business cannot renew their permits because they need to comply with some permits.