A gas station franchise here in the Philippines is perhaps one of the evergreen businesses that one can start up. For foreigners and wealthy OFW’s, I recommended being in this industry if you have the money to spend and if you are looking for a long term investment that you can bank on.
It may not be the most profitable of all the other industries considering the low markup per sales but you can always augment your income by putting up a convenience store, a fast food, a water station or even a car wash with it. From where I come from, I guess there are 4 – 5 gas stations operating in such a small city. 1 of them have been in the business before I was even born and a couple of them were started up before I reached grade school.
High prices of gasoline and other fuel, people will still spend some money to fill their tanks since most of these people can afford to do so.
You can also target government and private agencies with annual allocations for fuel since they usually buy in bulk. You may have to deal with processing government procurement papers and be patient enough endure the lengthy processing before you get paid but it’s gonna be worth it.
Putting your gas station franchise business up near bus terminals is another way to ensure gas station success. Imagine how much you can make with just a fill of the tank?