Who Owns the Most Gas Stations in the US?

Given that there are numerous businesses that own numerous gas stations in the US, the answer to this issue is not simple. However, the National Association of Convenience Stores (NACS) reports that 7-Eleven is the biggest chain of convenience stores in the US. In the US, 7-Eleven will have over 9,000 locations as of 2021, many of which will also be gas stations.

The companies Circle K, BP, Shell, Chevron, and ExxonMobil are also significant players in the market of gas stations and convenience stores. BP and Circle K each have more than 7,000 sites in the US. There are over 14,000 Shell gas stations globally, with many of them in the US. Both Chevron and ExxonMobil operate more than 10,000 gas stations worldwide, with the majority of them in the US.

So, who do convenience stores want to attract as customers? The normal target market for convenience stores is the busy, on-the-go consumer who needs to quickly pick up snacks, drinks, and other necessities. Additionally, a lot of convenience stores provide hot, ready-to-eat meals including pizza, hot dogs, and sandwiches. Convenience stores also frequently sell cigarettes, lottery tickets, and other products that customers could require at any time.

There are several factors to take into account if you want to open a convenience store. You must first reserve a space that is visible to and easily accessible by potential clients. To run a convenience shop, you’ll also need the appropriate permits and licenses, which may differ depending on where you are.

Is running a convenience shop profitable? The short answer is yes, but it takes a lot of effort and forethought. The average US convenience store earns about $1.3 million in revenue annually, with a profit margin of about 2.4%, according to NACS. Profit margins, however, might differ based on things like location, competition, and operational costs.

How much of a profit margin should a convenience store make? Industry analysts say that a convenience store should aim for a profit margin of about 5%. The size of the store, the kinds of goods and services provided, and other factors may affect this, though.

The US has a huge number of businesses that own gas stations and convenience stores, with 7-Eleven being the biggest chain. clients who need to quickly pick up food and other necessities from convenience stores are often busy, on-the-go clients. If you want to open a convenience store, you must plan well and work diligently if you want to succeed. A convenience store should aim for a profit margin of roughly 5%, though this might change based on a number of variables.