The cost to build a gas station depends on a number of factors. You have to consider the location, type of equipment and materials you need, as well as other expenses associated with building. If you want to know how much it will cost you to build your own gas station, this guide will give insight into the required expenses and set up costs involved in building one.
According to industry statistics, there are over 150,000 gas stations in the United States. As cities continue to grow and domestic travel increases, the demand for gas stations will inevitably increase. Gas station owners can pull in anywhere from $40,000 to $100,000 and upwards.
And although gas stations are a relatively safe business, they require a significant upfront investment (Source). We researched the key components of a gas station to determine the cost to build a gas station.
On average, the cost to build a gas station is around $2.4 Million based on a 3200 sqft building. This figure also includes exterior features, such as the parking lot, fuel tanks, pumps, and signage. Furthermore, the cost of our calculation consists of an acre of commercial land. For an existing building, the cost to open a gas station would be between $250,000 to $2 Million.
|Fiberglass Fuel Tank
Cost To Build A Gas Station
The cost of building a gas station is dependent on the daily customer rate. The cost can range from $100,000 to $5 million, depending on how big and fancy your property is (and what kind of pumps you want).
If you’re looking for an affordable place to get gasoline, try one of these stations near our office. They have plenty of parking spaces and are located within walking distance from our office:
- Gas Station #1: This location has an average daily customer rate of 2 vehicles per hour, which means that every day at least 2 people stop by this station to fill up their tanks. Because there aren’t many people stopping by each day and because these customers usually only buy one type of fuel each visit (gasoline), this station doesn’t need much space to sell its products safely–it only takes up 25 square feet. The owner decided not spend any extra money on fancy amenities like restrooms or vending machines because he knew his customers just wanted cheap gas at their neighborhood store instead
Is A Gas Station A Good Investment?
A gas station can be a great investment, but you need to be prepared for the cost of buying land and building your business. Not only do you have to buy the land, but you also need to pay for all of your equipment (trucks and pumps) as well as employees.
Part 1. Planning
It’s important to plan your gas station before building it, and here’s why:
- Planning helps you avoid mistakes. If you don’t plan, the chances of making a mistake are higher.
- Planning saves money. If you take the time to plan properly and consider all of the options at hand, then you can save yourself from wasting money on miscellaneous things that aren’t necessary for opening a gas station (like decor).
- Planning helps you set goals for your business. By planning properly beforehand, we can make sure that our goals are realistic so that we know what kind of numbers we need in order to succeed with our financial expectations and operating costs. This also includes setting up budgets or creating forecasts based on past years’ data so that there isn’t any room left open for error when trying out new ideas or concepts during this process — especially since those could end up costing more than expected if not done right away.
Part 2. Building
Building a gas station is a big project. It can take months to complete, and cost tens of thousands of dollars (or more). Before you begin the process, it’s important to plan carefully. The first step is finding a suitable location for your station.
The ideal place will be on a major road or highway near where people live and work. That way, they’ll be able to easily drive past your station when they need gas—even if they don’t want anything else from inside the store.
1. Find a suitable location
A good location is the first step to building your gas station. To find one, start by evaluating the following:
- Is this location accessible to customers? If you’re going to be selling gasoline, you need a lot of cars passing by who might want to stop in for fuel. Make sure that there are enough roads leading in and out of your parking area so that people can easily find their way there—and also make sure that those roads aren’t too busy during rush hour (so they don’t get backed up).
- Does this location have access to transportation routes? In addition to being on busy roads with plenty of traffic, it’s important that your gas station is also close enough so commuters can fill up their tanks before heading home at night, but far enough away from other gas stations so they won’t just go across town instead.
- Is the land surrounding my potential site flat enough for me build my station on top? Make sure there are no hills or valleys nearby; otherwise construction costs will increase significantly due to unstable terrain requiring more concrete foundations and support beams when building structures such as pumps.
2. Check local law and regulations
Local authorities can make building a gas station more complicated than you might think. You’ll want to check for permits, zoning laws, and fire codes for your area as you plan the design of your new station. For example, you may need a permit from your local government before starting construction on any part of the property that is being used exclusively for business purposes (such as a garage or driveway). Similarly, if you plan on selling gasoline at all times of day or night—even if it’s just one pump operating with an attendant during off-hours—you may need permission from both the city and county governments. If there are strict requirements about how far away gas pumps should be placed from buildings like schools or homes in order to prevent fuel leaks should something go wrong during operation (say, due to an earthquake), this will also affect how much space must be allocated within each building lot so that these rules are followed when designing new structures around them in accordance with local laws governing commercial establishments such as yours.
3. Check the site of the gas station
- You need a lot of space for a gas station.
- Check the location for any possible natural disasters, such as floods or earthquakes.
- Make sure you have enough room for trucks to turn around.
- If you’re building on land near a highway, make sure that there’s enough distance between it and the station so that no one accidentally causes an accident while they’re fueling up their car at night or in bad weather conditions.
4. Consider the required utilities and resources
The site of your gas station should have all the necessary utilities and resources you’re going to need in order to operate. You need water, electricity and gas for your fuel pumps, so make sure you can get these on-site before you start building. Depending on what type of business you want to own, there may be other utilities as well: sewerage lines; telephone lines (landline or cell); internet access; security systems.
5. The cost of building a gas station depends on its daily customer rate
The cost of building a gas station depends on its daily customer rate. The more customers you get, the more money you make. If you are thinking about opening your own gas station, here is what you should know:
- The cost of land – Land prices vary, depending on location and size. In general, the higher-traffic areas will have higher costs. Make sure that all permits for utilities and other amenities such as water and sewer access are in place before purchasing a piece of property to build your station on.
- Construction costs – Construction is generally done by subcontractors who specialize in specific types of construction projects like plumbing or electrical wiring. They charge by square foot basis so be sure to find out how much they usually charge before committing them to your project so there won’t any surprises later down the road when it comes time pay bills.
- Equipment/furnishings – Gas stations require plenty of equipment including pumps at each fuel island (or bay), overhead lighting fixtures mounted overhead as well as signs inside informing customers which ones need maintenance services performed soonest (like tire rotation alerts). Also, consider having things like vending machines installed outside too. These allow drivers waiting their turn behind cars already pumping into line up faster because they don’t have wait around idling engines while waiting patiently behind everyone else who has already finished fueling up their cars with fresh gasoline fumes wafting through air ventilation systems located inside each cab door compartments where passengers sit comfortably enjoying audio entertainment options provided simultaneously through wireless speakers installed throughout interior cabin spaces within both front seats headrests along with rear seatback support pillows too.
6. Consider future investments in time and money
- Consider future investments in time and money. Investment is a major factor when you are deciding to build a gas station, but how much does it cost? Your business will require an initial investment in order to start up. How much you need depends on the size and complexity of your business, as well as whether you plan to expand later on.
- Do your research before starting construction. There are several important factors that should be considered before building a gas station, such as:
- The daily customer rate (how many customers come each day)
- The location of the property (the population density around the area)
- The design specifications for each facility (the number of pumps needed)
7. Obtain permits and licenses required by your state
In addition to the business license, you will need to obtain three other permits. The first is a local government permit, which usually requires a visit to your local zoning board office. You should also get a state license and federal permit (if applicable), but those can only be obtained after you have the local permit in hand.
8. Set up an insurance policy for the gas station
Once you’ve completed all these steps, it’s time to set up an insurance policy for your gas station. You’ll want to consider a few things before you do so:
- What kind of insurance do you need? Different states have different requirements regarding the types of coverage available, so be sure to check with your local government agency before purchasing any policies.
- How much does it cost? This will vary based on factors like the size of your business and what type of product it sells.
- How often do you need to renew it? Most policies last between five and seven years, but some can last as long as ten years if they’re purchased during a special period (like hurricane season).
- Who will help you with the paperwork? Insurance companies offer services where they’ll help their customers complete all necessary forms online or over the phone; others require their customers fill out applications themselves.
9. Find the right equipment suppliers to furnish your gas station
You’re going to need a lot of different pieces of equipment for your gas station, so it’s important to find the right equipment suppliers. You’ll want to make sure that you find suppliers that offer the best prices, as well as reliable and trustworthy services. You can find suppliers online or in person, but be sure there are many options available before settling on one supplier.
10. Train your employees on how to handle equipment and resources
You want to make sure that your employees are trained on how to handle equipment and resources, so they can provide quality service. It’s also important for employees to be educated on the importance of customer service. That way, if a customer has questions or concerns, they’ll be able to help them with ease.
You should teach your employees about the different types of fuels that are sold at gas stations. This way, when someone comes in asking for something specific (like diesel or premium), they’ll know how much it costs and where it’s located in our inventory. You should also teach them about different types of vehicles, such as SUVs and sedans; this will allow them answer any questions customers may have regarding their vehicles’ needs—such as whether they need an oil change or not. Finally you should teach them about different car parts—such as tires and batteries—so that if someone comes in looking for one of these items specifically then our employees will know where exactly those items are stored.
It might cost you $100,000 to build your own gas station
If you’re looking to build your own gas station, you need to be prepared for the cost. While it can vary depending on the size and location of your station, it’s safe to say that building a gas station will set you back at least $100,000.
In order to begin construction on your new business venture, you’ll need insurance and permits. In most cities in America (and Canada), zoning laws require businesses like gas stations to acquire a permit from the city before construction can begin. This might add another $5-$10 thousand onto your budget; but don’t worry—it’s worth it. You’ll also need employees so make sure that payroll isn’t going unnoticed either because if you’re planning on hiring anyone full-time then they need health benefits too which means more costs added onto our list here today.
So there we have it: If everything goes according to plan then building yourself a brand new gas station could cost anywhere between $60k-$100k depending on where exactly are located within Canada or US borders during construction time period.
In conclusion, I believe that building your own gas station is a good investment. You’ll have full control over the business and can make sure it has everything you need to run smoothly. But before you start building one for yourself, be sure to look into all the required permits and licenses from your state.