Gas station business

How to Run a Successful Gas Station Business
March 22, 2017 – 08:35 am

Gas stations generally make earn profit on gas sales when gas prices are high.Gas stations generally make earn profit on gas sales when gas prices are high.

e-85 prices 1 image by Jim Parkin from Fotolia.com

The U.S. Census Bureau’s gas station audit reported that there were more than 120, 000 stations in the U.S., with the industry showing a gradual but steady increase. This competitive industry not only requires station owners to address its competitors, it requires owners to address the challenges of fluctuating gas prices, inflating overhead costs and safety aspects.

Step 1

Make sure that your gas station meets the required local, state and federal requirements. Contact the regional Occupational Safety & Health Administration and the US Environmental Protection Agency offices in your area for compliance assistance. Provide the officials with accurate information about your gas station so that they can better assist you.

Step 2

Establish your hours of operation and open promptly at the chosen time. Avoid opening late as this will deter regular customers to your location.

Related Reading: How to Run a Successful Small Business

Step 3

Hire punctual and reliable employees. Schedule your shifts to provide ample coverage for the station’s customer traffic. Create the schedule so that there is a responsible manager working during each shift.

Step 4

Take inventory regularly. Inventory your station’s tank amounts, as well as all counter-vendor sales, such as cigarettes, lottery and money orders. Inventory these items at the end of each shift.

Step 5

Run cash register reports at the end of each shift. Count the money in the drawer, including all change. Match the totals on the report to the cash receipts and drawer to ensure accuracy.

Step 6

Take note of the shift totals on a ledger. Run comprehensive reports at the end of each day for the gasoline tanks, sales inventory and register receipts. Verify your totals and enter all sales totals into your ledger. Indicate any losses and shrinkage amounts. Deposit the gas station’s cash daily.

Source: smallbusiness.chron.com
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Popular Q&A
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gas station business? | Yahoo Answers

hi, make sure you do your home work known finical and Mendel and were you want to open it,and that you have. the money today and right now i don't think it's a good idea to open another gas station right now gas just went down and it's very hard to get around right now. Hire good employee's and constructions workers that you can depend on.
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