You?ve probably noticed that more and more convenience stores have one or more restaurants either inside (typically in reduced-footprint formats) or attached. In some cases, those restaurants belong to someone other than the convenience store owner, but there are fewer headaches if you own both. Having additional food choices makes the convenience store more attractive to customers. Plus, travelers stopping for fuel may prefer to get food at the same time, so there are mutually beneficial synergies to be had.
Because of the nature of a convenience store, you should be prepared for a significantly larger investment. Extensive coolers, lots of fixtures, and the necessary square footage make for relatively high costs, not to mention the fact that a successful store needs a high-visibility, easily accessible location?both of which drive cost. These stores also require a large opening inventory.
Another very important factor is gasoline, which in many cases you will be required to sell (and probably want to anyway). Fuel tanks and pumps represent a significant build-out cost but also bring with them compliance and maintenance requirements. Even selling a site that has or has had fuel tanks creates potential headaches and remediation costs. Clearly these issues have not stood in the way of the opening of thousands of convenience store franchises, but you must be aware of and prepared for them.
FranchiseClique can guide you through the intricacies of owning your own convenience store!