GSB-38: How do Gas Stations Make Money?
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
Release Date: 07/11/2016
GSB-61: Progress Report # 3 for December 2016: Actual Business Evaluation & Sales Analysis of a Real Store
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
Remember the store I helped some investors buy in 2015 that was losing money? I shared two updates so far and now here is the 3rd one about how that store is doing now. This is a long awaited episode, but here it is. Enjoy! Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 61. This is the show where we discuss everything under the sun about the gas station and convenience store business, how to buy these businesses, how to operate them and how to grow them to be a million dollar success. Now on to the show..... On , I brought you a real life store sales...
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GSB-60: 5th Q&A Episode | Part -2
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
In this 2nd part of our last Q&A episode, I answer remaining 5 questions all related to buying gas stations and how to understand the numbers and if the stores are really making money or losing money. I also answer questions about how to grow your business with financing and how to take on a new partnership. I think you may find this episode helpful if you are in the market to buy a business. Here I analyze some sales numbers and see which ones are making money and which ones are not. Stay tuned. Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 60....
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GSB-59: 4th Q&A Episode | Part-1
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
In this episode, I answer three questions all related to buying gas stations and how to understand the numbers and if the stores are really making money or losing money. I think you may find this episode helpful if you are in the market to buy a business. Here I analyze some sales numbers and see which ones are making money and which ones are not. Stay tuned. Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 59. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case...
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GSB-58: 3rd Q&A Episode | Answers About Ground Lease, Business Resale Value, Buying A Closed Up Station And Much More
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
I am sure you have seen a gas station or two that are closed up in your area and wonder why did someone close it or if you should buy it, or would it do great business if you start it up? Listen and find out as I answer 6 burning questions from our listeners in this episode. Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 58. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case studies so you can follow and be successful in this business. First my apology for...
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GSB-57: How to Calculate Fuel Profit Accurately Every day
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
I get asked this question often, and I have tried to answer them before as well, but let’s answer it once again in very much details so we can clear up any and all the confusion, let’s discuss how you can figure out how to calculate your fuel profit precisely and accurately. Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 57. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case studies so you can follow and be successful in this business. Before we start,...
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GSB-56: Five Unique Marketing Strategies to WOW your Customer and Win Them Over!
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
I want to tell you about five proven marketing strategies that have worked for me for last 18 years. But remind you they will sound silly at first, but I want you to hear them out in their entirety before you knock any of them out. After you hear me out then maybe you can go try them in your business and see how your business rises to the top. Welcome to Gas station business 101 podcast, I am your host Shabbir Hossain, and this is episode 56. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case...
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GSB-55: How to Have an Effective Inventory Management System
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
How can you tell if an employee or customers are stealing from you? How do you know someone is not stealing your beer, cigarettes or other merchandise? Is your business losing money every day and you just don't know about it? Let's see how a great inventory management system can help you stop the leaks, stay tuned.. Welcome to Gas station business 101 podcast, I am your host Shabbir Hossain, and this is episode 55. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case studies so you can follow and be...
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GSB-54: How To Build a Gas Station From Start to Finish (Hint- It Includes Construction) Part -3
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
Once you finish the construction of your new gas station how do you get it open up for business? How to pass the inspections, how to merchandise, how to get everything ready, let's discuss and let's see if we can finally open your new store for business. Stay Tuned... Welcome to Gas station business 101 podcast, I am your host Shabbir Hossain, and this is episode 54. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case studies so you can follow and be successful in this business. Today's episode is...
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GSB-53: How To Build a Gas Station From Start to Finish (Hint- It Includes Construction) Part -2
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
Would you like to know how to build a gas station from ground up? Do you wonder what all it takes to build one of those? Let's discuss what it takes to build a gas station from start to finish. Stay tuned... Welcome to Gas station business 101 podcast, I am your host Shabbir Hossain, and this is episode 53. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case studies so you can follow and be successful in this business. Today's episode is the second part of How to build a gas station from start to...
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GSB-52: How To Build a Gas Station from Start to Finish (Hint- It Includes Construction) Part -1
Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
Would you like to know how to build a gas station from scratch? Do you wonder what all it takes to build one of those? Let's discuss what it takes to build a gas station from start to finish. Stay tuned... Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 51. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case studies so you can follow and be successful in this business. Today's episode idea came from a long time listener name Shahnawaz so this episode is...
info_outlineA common question I get asked a lot, how do gas stations make money, especially when they hear the gasoline does not make much then how do we make money? Would you like to know too? Let's do some calculation
GSB-38: How do Gas Stations Make Money?
Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 38. This is the only show of its kind where we discuss how to start, run and grow a gas station business successfully, and I give you an inside look at many real life case studies so you can follow and become successful in this business.
There are 3 ways a typical gas station/convenience store generates profit.
1. From Fuel Sales
- Regular unleaded
- Midgrade
- Premium
- Diesel
2. From Merchandise sales
- Cigarettes
- Tobacco
- Beer and wine
- Soda
- Coffee and Fountain
- Deli Food
- Automotive supplies/oil
- Candy
- Snacks, cookies, and cakes
- Other grocery items ketchup, rice, beans, can foods
3. From Other Sources of Revenue
- ATM
- Air/Vac
- Phone cards
- Lottery
- Game Machines
- Pay at the pump video ads