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How much does it cost to own a gas station in Michigan?

As we mentioned before, starting a gas station has a high financial entry barrier. You should expect to secure at least $300,000 to cover the following startup costs: Purchasing the location. Business insurance.

How much does it cost to open a gas station in Michigan?

With your business plan fleshed out and your business registered as a legal entity, its time to get funding for your gas station. As weve already established, opening a gas station can cost anywhere between $250,000 to $2,000,000, so outside funding will be inevitable for most people.

How many gas stations are in Georgia?

Gasoline Stations by State BN11Delaware37712Dist. of Col.11413Florida921714Georgia821523 more rows 08-Jul-2014

How much does a gas station owner make in Michigan?

Gas Station Owner Salary Overview Gas station owners in the Midwest could earn around $61,000 on average annually, while operating a gas station in the South could earn you around $66,000 on average per year [1].

How profitable is opening a gas station?

So if the average gross profit margin for a gas station is 18%, it is safe to assume that the average gas station will make a gross profit of 15% or less per gallon of gas. With a national average gas price of roughly $3.50 per gallon, a gas station would make a gross profit of roughly $0.52 cents per gallon.

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