Gas station owners can earn between $40,000 – $100,000 per year depending on location, size and type of gas station, and additional services offered. With slim profit margins of $0.03-$0.07 per gallon on gas sales, you can enhance the profitability of your gas station by adding a convenience store, car wash, mechanic services, or food options.
Gas stations that do more than serve gas tend to make more money. Gas stations are a great business to franchise because the demand for fuel in America is constant and not going anywhere.
After credit card fees and other operating costs, net profit for gasoline sales averages 3 cents a gallon. Privately held gas stations are barely growing revenues and seeing average profit margins of less than 2 percent. What is a good average profit margin? 10%.
The average annual salary of gas station owners can vary widely depending on which part of the country you’re in. For gas station owners in the Northeast, you could expect to earn an average of around $69,000 per year.
Regarding profit on fuel sales, most gas stations in Canada will manage an average of 3c a litre profit after expenses. The gas station industry in Canada is worth $30 billion annually, and there are 6,613 gas stations serving the market.