Who owns Exxon Mobil gas stations?
Valero Energy Corporation
How much does it cost to own a gas station franchise?
The range in cash requirements across gas station franchise businesses is based on what type of franchise you want. Upfront fees can be as low as $20,000 to lease an existing location. However, if you have to purchase real estate to build a gas station from the ground up, initial costs could top $1,000,000.
Is Exxon a franchise?
The ExxonMobil Company has an On the Run franchise system which offers a new, and a better type of convenience store, providing a world class destination of sorts that offers retail products designed to meet the needs of consumers in a changing marketplace. …
How do I start a gas station business?
How to open a gas station in 9 steps
- Write your business plan.
- Register your business.
- Secure funding.
- Buy the property.
- Secure a gas supplier contract.
- Obtain necessary permits and licenses.
- Get business insurance.
- Market yourself.
Is it worth owning a gas station?
If you are an aspiring investor, then gas stations are a great option if located and run properly. They can be a reliable source of some healthy profits. If you have the right capital and expertise, then starting a gas station should be a viable alternative for you.
Do gas station owners make money?
The average annual salary of gas station owners can vary widely depending on which part of the country you’re in. For gas station owners in the Northeast, you could expect to earn an average of around $69,000 per year. If your station is in the West, you’re more likely to make around $60,000 annually on average.
How much can you profit from a gas station?
After credit card fees and other operating costs, net profit for gasoline sales averages 3 cents a gallon, according the National Association of Convenience Stores. When gas prices soar, and drivers think they’re being gouged, stations are barely scraping by or even losing money.
How much profit does a gas station make per gallon of gas?
Generally, the markup (or “margin”) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit.
How much does it cost to produce 1 gallon of gasoline?
With crude oil at these prices, a standard 42 gallon barrel translates to $1.19 to $1.67 per gallon at the pump. Excise taxes add another 49 cents a gallon on average nationwide. There are additional costs to refine, transport, and sell gasoline at retail outlets.
How many miles is 6 gallons of gas?
This conversion of 6 gallons per mile to miles per gallon has been calculated by multiplying 6 gallons per mile by 1.00000000001 and the result is 6.00000000006 miles per gallon.