In the United States, gas stations are where most people get their fuel. They provide daily services to millions of drivers, and their marketability has made it profitable for many investors. It can be difficult to pinpoint who owns the majority of gas stations in the US, though. You may learn more about who owns gas stations in the US and get some related information from this article.
One of the biggest oil and gas exploration and production corporations in the world is Marathon Oil. Additionally, they manufacture and sell petroleum products, such as gasoline. Marathon Oil does not, however, own any gas stations in the USA. They instead have a network of independent distributors who buy gasoline from them and then sell it to customers.
For business owners who wish to get into the retailing of fuel, purchasing a franchise for a gas station is a great investment opportunity. The first step is to examine the franchises for gas stations that are available and choose the one that best suits your investment needs. Next, you must get in touch with the franchisor and let them know that you are interested in purchasing a franchise. They will provide you all the information and assistance you need to get going.
Fuel station profitability varies depending on a number of variables, including location, competition, and sales volume. The average net profit margin for gas stations in the USA is reportedly approximately 2.2%, according to a recent survey. However, based on the previously listed conditions, this number could be larger or lower. For instance, gas stations near busy highways typically have more sales and higher profits than those near unpopulated areas.
Shell service stations are franchised, yes. Shell operates a network of more than 14,000 gas stations throughout the world, many of which are franchised. The franchisees are independent company owners who run their businesses under the Shell name and receive assistance from the franchisor with marketing, operations, and training.
Since independent operators hold the majority of the gas stations in the USA, it is difficult to pinpoint who is the majority owner. ExxonMobil, BP, and Chevron are just a few of the huge oil and gas firms that have a sizable presence in the selling of fuel. If you’re thinking about buying a gas station franchise, do your homework and pick one that fits your budget. Although gas stations’ profitability fluctuates, they can be a successful business if managed properly.