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Old September 9th, 2012, 08:05 PM   #21
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tinfoil hat crew.


gas station margins on gasoline sales are literally pennies. they make a LOT more money on retail sales for snacks/softdrinks, lotto tickes, smokes and the like.
Bullshit.. No one goes into business to make pennies. Gas stations sell for millions.. If they only made pennies they wouldn't sell.
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Old September 9th, 2012, 08:14 PM   #22
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Originally Posted by Rob the plumber View Post
I just broke 100,000 points. $100 free gas card I guess. Took like 3 years though.
it works good for truck drivers. my dad drives a semi and only fills up at speed way and gets a $100 gas card just about every three days. but if your just putting gas in cars it takes for ever
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Old September 9th, 2012, 11:02 PM   #23
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Originally Posted by RyeBread View Post
tinfoil hat crew.


gas station margins on gasoline sales are literally pennies. they make a LOT more money on retail sales for snacks/softdrinks, lotto tickes, smokes and the like.
^This. If they don't have a different price for credit its literally nothing when the customer swipes their card.
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Old September 10th, 2012, 06:10 AM   #24
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most people just carry a 20oz pop bottle filled with gas and a turkey baster for precise fill ups.
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Old September 10th, 2012, 07:52 AM   #25
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Bullshit.. No one goes into business to make pennies. Gas stations sell for millions.. If they only made pennies they wouldn't sell.


I've been appraising commercial and industrial real estate for nearly 25 years.

While it's been a little while since I did a gas station, or reviewed an appraisal of same, I can tell you that your pluralization of the word millions is way off base.

In oakland county alone, I can easily locate a dozen or more gas stations currently listed for sale under $250,000.

Several in very populated areas in Ferndale for example that are under $500,000.

those are asking prices. transaction/sale prices are often substantially less.

rest assured, their margins on gasoline are single digit percentages - but when you move 85,000 gallons in a month it can add up.

if you prefer to not own your own gas station, you can buy the going concern/business (but still have a ground lease of $3,333/mo) for the low price of $95,000.:

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Farmington Hills CITGO station. Currently doing about 85,000 gpm and $18,000 in the store. Located at the corner of 10 Mile and Orchard Lake. Land Contract available with 20% down. Business only for sale. Land is Ground Leased for $3333 per month to landlord.


Great hard corner location. Opportunity to raze and rebuild. long term land lease
for what it's worth, that $3,333/mo capitalizes to somewhere roughly around $400,000 for the land/building...



There's a very good reason why most of the stations that are off prime commuter routes are owned by immigrants, and staffed entirely by their families...
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Old September 10th, 2012, 08:04 AM   #26
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Originally Posted by Rob the plumber View Post
I just broke 100,000 points. $100 free gas card I guess. Took like 3 years though.
You are doing it wrong. When you need gas go into the store and buy a $100 gift card. They give you 1500-2000 bonus points and then you still get the points at the pump when you use the gift card.

If you do this you will receive a total of 2150 pts for $100 instead of 150 pts
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Old September 10th, 2012, 08:08 AM   #27
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Originally Posted by silveradoboy View Post
I love speedway. I have gotten $150 in free gas since January!
Lies...

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Originally Posted by Rob the plumber View Post
I just broke 100,000 points. $100 free gas card I guess. Took like 3 years though.
This...

Quote:
Originally Posted by jroberts#77 View Post
it works good for truck drivers. my dad drives a semi and only fills up at speed way and gets a $100 gas card just about every three days. but if your just putting gas in cars it takes for ever
This too...
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Originally Posted by silveradoboy View Post
You are doing it wrong. When you need gas go into the store and buy a $100 gift card. They give you 1500-2000 bonus points and then you still get the points at the pump when you use the gift card.

If you do this you will receive a total of 2150 pts for $100 instead of 150 pts
I'll have to investigate this plan...



I stop at the Speedway across from our office every day and fill up there 99% of the time. We also typically stop at Speedways in our travels as well. I put on around 20-25k miles a year in a vehicle that gets shit mileage. I've just broken the 40k point mark in around a year and a half.
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Old September 10th, 2012, 08:19 AM   #28
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Originally Posted by RyeBread View Post


if you prefer to not own your own gas station, you can buy the going concern/business (but still have a ground lease of $3,333/mo) for the low price of $95,000.:
Used 16k gallons and $16k to calculate gross income(Figured bullshit factor of advertised numbers.). Firgured 2 cents per gallon profit (that's what it was when I was involved with the business).

Gross income: $7700.00. If my numbers are right, that's a pretty meager number to start with before paying bills and staff.
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Old September 10th, 2012, 08:52 AM   #29
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Used 16k gallons and $16k to calculate gross income(Figured bullshit factor of advertised numbers.). Firgured 2 cents per gallon profit (that's what it was when I was involved with the business).

Gross income: $7700.00. If my numbers are right, that's a pretty meager number to start with before paying bills and staff.
$15k/month in retail/lottery/smoke sales x 12 = $192,000 gross annually - not sure if you are trying to quote monthly, or annual income, or where exactly your $77,000 came from - but then it's Monday for me too
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Old September 10th, 2012, 08:53 AM   #30
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Lies...


I'll have to investigate this plan...



I stop at the Speedway across from our office every day and fill up there 99% of the time. We also typically stop at Speedways in our travels as well. I put on around 20-25k miles a year in a vehicle that gets shit mileage. I've just broken the 40k point mark in around a year and a half.
It works well. I have to buy about 2 gas cards per week (4250 pts) at this rate it would only take about 32 weeks to hit about $150. There were also some weeks that I had to fill up 5 times which equates to about 4 cards, also driving up north a lot adds to my gas usage! I always go to speedway just for this reason. They are normally cheaper as well.
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Old September 10th, 2012, 09:02 AM   #31
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Originally Posted by Nuggets View Post
Used 16k gallons and $16k to calculate gross income(Figured bullshit factor of advertised numbers.). Firgured 2 cents per gallon profit (that's what it was when I was involved with the business).

Gross income: $7700.00. If my numbers are right, that's a pretty meager number to start with before paying bills and staff.
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Originally Posted by RyeBread View Post
$15k/month in retail/lottery/smoke sales x 12 = $192,000 gross annually - not sure if you are trying to quote monthly, or annual income, or where exactly your $77,000 came from - but then it's Monday for me too
The initial numbers were monthly so thats what I used to base my calculations. I fudged up calling the $7,700/month the gross, it's the monthly net. Sorry, I've got the cold that's going around so I've got a lot of spark knock today.
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Old September 10th, 2012, 09:04 AM   #32
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Originally Posted by silveradoboy View Post
It works well. I have to buy about 2 gas cards per week (4250 pts) at this rate it would only take about 32 weeks to hit about $150. There were also some weeks that I had to fill up 5 times which equates to about 4 cards, also driving up north a lot adds to my gas usage! I always go to speedway just for this reason. They are normally cheaper as well.
And they don't play the whole cash/credit price game. However some gas station's cash price may well be lower, but just seeing the two different prices on their signs irritates the fukc out of me.
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Old September 10th, 2012, 09:08 AM   #33
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Bullshit.. No one goes into business to make pennies. Gas stations sell for millions.. If they only made pennies they wouldn't sell.
I buy the fuel for our papermill. While its not a huge amount it is about 200,000 gallons a year. We pay .40 to .60 less per gallon including tax than what the station 2 miles away sells for. They are owned by the same company that we purchase our fuel through. We have a small time family store that routinly sells for .20 a gallon less than this company store.
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Old September 10th, 2012, 09:08 AM   #34
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The initial numbers were monthly so thats what I used to base my calculations. I fudged up calling the $7,700/month the gross, it's the monthly net. Sorry, I've got the cold that's going around so I've got a lot of spark knock today.
no worries, just as easily could have been me

gas stations, and liquor stores are funny in that they like to quote monthly income.

virtually any other income producing property is typically advertised based upon annual rent per sq ft. (apartments are advertised to the tenants as monthly rent, but when we appraise them we tend to convert it into an average annual rent per SF of rentable apartment area to try to level the various unit sizes and bedroom counts that tend to make up a lot of modern complexes - it also helps when we perform a highest and best use analysis so we can easily figure out alternative income streams)
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Old September 10th, 2012, 09:13 AM   #35
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I buy the fuel for our papermill. While its not a huge amount it is about 200,000 gallons a year. We pay .40 to .60 less per gallon including tax than what the station 2 miles away sells for. They are owned by the same company that we purchase our fuel through. We have a small time family store that routinly sells for .20 a gallon less than this company store.
can you clarify the "including tax" side of it? It sounded to me like your wholesale cost is $0.40 to $0.60 less than the average retail price (the retail price would of course include $0.19/gallon Michigan gas taxes, and another ~$0.25/gallon in other taxes) charged by the company store 2 miles away?

http://www.michigangasprices.com/tax_info.aspx
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Old September 10th, 2012, 11:45 AM   #36
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I will verify with hard numbers as soon as I get another receiver.
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Old September 10th, 2012, 11:49 AM   #37
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Live in a better area. NONE of the gas station I go to are Pre pay. If I pull into one that is, I will leave and find one that isn't
You wouldn't have much luck buying gas in the ENTIRE metro detroit area. I'd venture a guess that most stations I stop at (most being at least 75%) are pre pay. In fact, to be honest, I can't recall the last time I was at a station that wasn't prepay......including much of the east coast/appalachians all the way up to copper harbor.
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Old September 10th, 2012, 11:51 AM   #38
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I will verify with hard numbers as soon as I get another receiver.
no worries. based on my understanding of what you typed, it would support the typically very low profit margins on retail gasoline sales.
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Old September 10th, 2012, 10:02 PM   #39
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my brother bought my christmas present with speedy rewards points

$100 prepaid visa card

he fills up 150 gallons or so of fuel twice a day.
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Old September 11th, 2012, 06:08 AM   #40
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You wouldn't have much luck buying gas in the ENTIRE metro detroit area. I'd venture a guess that most stations I stop at (most being at least 75%) are pre pay. In fact, to be honest, I can't recall the last time I was at a station that wasn't prepay......including much of the east coast/appalachians all the way up to copper harbor.
Waz Party Store on Drummond Island is pump first.

Although if you run off your chances of making it off the island before they call ahead to have the MSP meet you on the other side are pretty slim.
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