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Junaid Virani is a great entrepreneur and a very successful person when it comes to investment planning. He came to America with absolutely nothing and then grew his business along with his elder brother over the last 20 years. Junaid Virani - CFO, Investments Co-Founder of Siasim Investments Group. He has the skills to set some amazing career benchmarks and with all his strengths, leadership abilities, he made Siasim Investments a super successful company.
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JunaidVirani is a great entrepreneur and a very successful person when it comes to investment planning. He came to America with absolutely nothing and then grew his business along with his elder brother over the last 20 years. JunaidVirani - CFO, Investments Co-Founder of Siasim InvestmentsGroup. He has the skills to set some amazing career benchmarks and with all his strengths, leadership abilities, he made Siasim Investments a super successful company. Hence, if you are looking for an investment firm, you can contact JunaidVirani for that same reason. Check out How to Invest in a Gas Station by JunaidVirani!
Investing in a gas station isn't essential for you to spend late at night in a small metal box that too by breathing gasoline fumes. However, you will always want to do your due diligence right before you buy a gas station. 1. Location Analysis One of the most important things to consider while you choose your gas station investment is to select a location. Doing location analysis is an essential thing and it drives the value for gas stations and that is because it depends on how many cars pass by and then stop at them. In case, there is major road construction that is coming, it will interrupt the operations during the same construction period and if a project shifts traffic to some other road, then it could remove the place's ability to do any kind of business.
2. The Economics As per JunaidVirani, most of the gas stations are not really gas stations. In fact, they are generally retail stores that are having gas pumps out front. And that is because the profit on fuel is basically low and is swallowed by the transaction fees for all the credit card transactions. And according to the small business analysis, gas sales generate that too on an average, for say, around 2.5 percent gross profit margin. Apart from that, the key profitable operation is to actually have an extra stream of income above as well as beyond gasoline. 3. Environmental Due Diligence While you think of buying a gas station, you are actually buying several thousands of gallons of dangerous polluting chemicals that are buried underground where you won't be able to see them. You can always look for expert advice to get your plan ready and then do your best in investing in a gas station. Check whether the gas station is clean when you are buying it and you have all the proper insurance ready as well as the environmental risks can be further managed.
4. The Easy Way- Stock Instead of you purchasing an actual gas station, you can always invest in a gas station by buying a company that can operate gas stations. There are several major oil companies that operate gas stations but generally, their gas station operations are a small part of a larger pie. So, all these are the pretty much essential factors that you should consider before you invest in gas stations. Source Credit: https://sites.google.com/view/junaid-virani/how-to-invest-in-a-gas-station-by-junaid-virani
