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

[Bisolami]

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.

It is indeed a lucrative business and at the same time it needs a lot of capital but if someone has the money and knows how to do the business, it will be a good one

 

[Chibson]

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.

I don't think it is a thing that you must bribe your way to get into. This your information is very wrong. You can get your license legimately in Nigeria provided you meet the requirements.

 

[eldavis]

Its a good business to invest in, the most important thing here is that you should have the needed funds to make the investment, then you are good to go.

 

[IB D]

It is such a lucrative business in Nigeria. It requires a large layout of capital to set up You have to go through rigorous processes to get license. But I all, it is very profitable.

 

[Chibson]

Its a good business to invest in, the most important thing here is that you should have the needed funds to make the investment, then you are good to go.

The business actually needs a lot of funds if you want to venture into it. But outside that, it's very lucrative business venture

 

[Starmix]

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.

Agree, my friend sold his gasoline gasoline Station because of many requirements. Then the gas prices are getting higher almost every week or month. Gosh.

 

[Suba]

Of course the gas station is a very good investment, because every day there are more and more motorized vehicles, even though there is a lot of competition but it will still be profitable.

 

[hastral45]

No matter how conventional consumers are with gas use as an alternative to gasoline, using gasoline as fuel still remains the popular among the general masses.

 

[Starmix]

No matter how conventional consumers are with gas use as an alternative to gasoline, using gasoline as fuel still remains the popular among the general masses.

Yes, that is true. It is very important and what if no more gasoline stations? It will not happen anyway no matter how high the price it will be the populace has no other choice but to buy.

 

[relcap23]

Agree, my friend sold his gasoline gasoline Station because of many requirements. Then the gas prices are getting higher almost every week or month. Gosh.

They cannot stock more because of high cost of inventory.

 

[Starmix]

They cannot stock more because of high cost of inventory.

That's true, there is one gasoline Station in Carmen closed the owner cannot anymore tackle the gasoline spike.

 

[relcap23]

That's true, there is one gasoline Station in Carmen closed the owner cannot anymore tackle the gasoline spike.

That's so unfortunatel for him, gasoline business requires large investment. I really hope situation goes back to gasoline below 40 pesos per liter.

 

[Starmix]

That's so unfortunatel for him, gasoline business requires large investment. I really hope situation goes back to gasoline below 40 pesos per liter.

They are now in the United States and opened another business there. I do not know about their new business. It is not the same, it's about marketing.

 

[freelancermaria]

Because more people are buying cars these days, owning a gas station is profitable. However, it requires a significant initial investment.

 

[hastral45]

Gasoline is a profitable business. Despite the appraisal in the ways people are using gasses as an alternative fuel, yet the demand of gasoline is not dwindling. It's supply cannot meet its demand in Nigeria.

 

[Chibson]

Agree, my friend sold his gasoline gasoline Station because of many requirements. Then the gas prices are getting higher almost every week or month. Gosh.

I think it's actually a general issue. It is also getting very high every single day in this part of the world.

 

[Starmix]

That's so true and all commodities in the world are getting pricy. We can buy only small items from our $ 100.

 

[Chibson]

That's so true and all commodities in the world are getting pricy. We can buy only small items from our $ 100.

Definitely, we have no other option than to try as much as possible to increase our source of income and also cut down on expenses.

 

[Starmix]

Because we cannot afford to invest in a gasoline station, we can do another source, let us think of a simple business, that generates profit rather than think about businesses impossible to achieve.

 

[Niyi Briggs]

As far as vehicles are still powered by PMS, gasoline would still be relevant. It is very lucrative.