There are plenty of gas station franchise options to choose from, whether you’re an experienced entrepreneur or new to franchising. A gas station franchise is a business model in which the entrepreneur pays a fee to operate a gas station under an established brand. By doing so, franchisors provide training, support, and supplies to the franchisee who follows their guidelines and pays ongoing royalties.
The gas station industry is expected to face continued pressure from electric and alternative-fuel vehicles, as well as increased competition from online fuel delivery services. However, some gas stations are adapting by offering amenities like convenience stores, food services, and car washes to attract customers.
Investing in a franchise gas station offers many benefits and opportunities for growth and expansion, including an established brand, extensive training and support, marketing assistance, bulk purchasing power, and multiple revenue streams, such as convenience stores, car washes, and food services.
Some of the top gas station franchise options include 7-Eleven, AMPM, Murphy USA, Kangaroo Express, LUKOIL, Sunoco, Shell, Chevron, BP, Circle K, RaceTrac, Street Corner, Dash In, Extra Mile, and Marathon. When choosing the best franchise for your gas station business, consider different types of franchises, revenue streams, fuel discounts, and support and training.
The cost of opening a gas station franchise business varies widely depending on location, size, and franchise brand, with startup costs ranging from tens of thousands to millions of dollars. Owning a gas station franchise can be profitable if well-run and located in an area with low competition and strong demand. Evaluate the pros and cons of franchising to determine if it’s the right investment for you.