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Gasoline stations can be a good investment, just like any other business. Especially when the gas stations are well-located and well run, they can generate good profits. Keep in mind however that the gasoline station business is also labor intensive. Your skills to operate profitably varies largely on factors like road construction and fuel price which are beyond your control.

Here are some insights before investing in a gasoline station.

Nature of the business

In terms of financial perspective, gasoline does not matter much at most gas stations. Unless your location is good and it lets you charge an above market price for your gasoline, gas or petroleum sales are only marginally after credit card fees. Most gasoline stations earn sales through their convenience stores or any additional services including car wash.

Analyzing the Numbers

The operations of gasoline stations are valued relatively to their sales. But, when you look at a gas station’s sales, it is essential to break them out by category. Products like gasoline can bring lots of sales but little profit, while other products are opposite. Also, it is difficult to analyze a gasoline station’s performance since a large amount of cash transactions can result in inaccuracies in the financial records.

Gasoline Station Risks

Investing in a gas station can carry some risks as well. Since most gasoline stations are dependent on vehicular traffic to keep their business going, changes in traffic patterns can cause an adverse impact on business performance. It is very essential to analyze what factors could be coming. Also, gasoline stations are exposed to environmental risks. It is very important to understand various risks that may affect the business.

Gasoline Station Real Estate

Instead of buying the actual gasoline station business, you could also buy the real estate underlying a gas station and become a landlord to an operating business. Doing this makes the investment much more passive for you since you are essentially your own landlord and you cut off pressures on paying rent. 

These are some insights prior to investing in a gasoline station business. A petroleum or gasoline station business has its own advantages and disadvantages depending on how you will manage the business. It is very essential to educate yourself regarding the industry to operate your business properly. Also, a gasoline station business requires a hands-on investment. If you don’t actively manage your account, you could lose your investment. Are you ready to take the big step in investing in gasoline station equipment? TOIC provides high-quality service station equipment needed for your gasoline station. Our products offer gasoline pumps and fuel dispensers and also we have services for tank calibration and tank testing to keep the operations running. Visit https://www.toicsolutions.com/ for more information.

For any car owner, the topic of gas prices will always be important. From price hikes to rollbacks, vehicle owners only have information to gain when tuned in to these topics. While the price changes are often declared in the news, one must have come across other gas stations that show otherwise, perhaps cheaper than pricing from usual gas stations. 

If you are one of those people who have wondered why the prices of gasoline change depending on locations, you’ve come to the right place. The easy answer to the question, turns out to be that there is no single answer, but rather a collection of factors at play. 

Price

The price is usually determined by retail managers. They use a variety of factors to determine the price of the fuel, one of which includes the price of the fuel when it was purchased from suppliers or distributors. 

Cost of transport 

The price of fuel will also depend on how much it takes to deliver the fuel from the depot all the way to the station. With this, you can see why in far-flung areas, the cost of fuel is higher than usual. This goes the same as in expressways. Gasoline prices along expressways tend to be higher compared to those you see when exiting the central business district. If you ever noticed, gasoline prices are usually much lower in big urban centers such as Manila and Cebu as these are highly developed areas. 

Competition 

Competition from other companies in the area is another factor. This catapults into a “price war” among similar establishments, which usually brings about lower prices in an attempt to be competitive, while the absence of competition results in higher prices. 

For the everyday customer what this means is that the prices of gas stations are not raised at whim but are still reasonably priced, with permission from the petroleum company’s main office. 

Learn more about how gasoline stations work by checking out more of our blogs. When it comes to solutions for gasoline stations, we have a variety of products that a gasoline station equipment needs such as our gasoline pumps and fuel dispensers. At the same time, we provide services such as tank calibration and tank testing for your service station equipment. To learn more, look no further than TOIC Solutions with our expertise.

A gasoline station is consistently being monitored for safety and it’s important that every gasoline station is quick to adapt to new equipment that is effective and secures safety.

Many gasoline stations have been through a lot of changes in terms of operations, service offering, and by investing in the best equipment for safety. If we’re talking about equipment that offers convenience for every gasoline station operation, the Automatic Tank Gauge (ATG) is the answer as it is the best operational equipment for fuel monitoring. 

ATG protects your business investment.

Automatic Tank Gauge helps assess a gasoline station’s total operations and it tailors a tank monitoring system that provides timely access to the information you need to prevent losses to your product, profits, and reputation.

It’s important to have equipment that helps monitor your tank level at all times and other interstitial spaces in your tanks and in your piping. Tank levels and temperatures should be monitored to ensure the integrity of your product. Consistent monitoring helps prevent a lot of possible disasters and appropriate precautions should be taken.

These are the three functions of an Automatic Tank Gauge:

Compliance Tracking / Monitoring.

Installing an ATG will help a gas station perform an accurate compliance test and can help detect leaks, pump flow rates for better monitoring and inspections.

In addition, it can also keep the documentation that is necessary to supply inspectors. Many tank gauges also include a printer for creating physical documentation at set times.

Inventory management.

An ATG gives you the most accurate inventory anytime. It even has different options for advance monitoring including Accuchart, Inform, Insite 360, etc. It minimizes loss on product contamination or tank leaks as it quickly reveals sudden loss, leaks, or theft.

Leave behind the unsafe manual reading and human error for the ATG has six-point alarms on overflow high product, delivery needed, water alarm, etc.

Fuel Management

An ATG provides the best real-time fuel management for 24-hour incident response, immediate emergency response, and agency notification. It also keeps regulatory filings, permits, and registrations.

It also identifies losses by category: blend, meter, chart, inventory, equipment, delivery, and more. An ATG no doubt gives you access to the most advanced tank charts.

Overall, an Automatic Tank Gauge is one-of-a-kind and highly convenient tank gauge with the most advanced fuel monitoring technology being used by over 500,000 tanks worldwide. It allows you to sleep easy knowing that your gasoline station operations are monitored and safe 24/7. 

If you want to learn more about the ATG – Vender root and more of our products such as gasoline pumps and fuel dispensers and also our services such as tank calibration and tank testing for your service station equipment, visit our website at www.toicsolutions.com or contact us at info@toicsolutions.com.

Fuel stations bring significant revenue when operating with convenience stores (c-store). It drives customers to return not only to gas up their cars but also when they need immediate things that can be found in a c-store by the nearest gasoline station. 

A Retail Fuel Service that Recognizes Distribution Logistics

The most critical element of operating a profitable fueling station and handling fuel price volatility is inventory management. As for gasoline station owners or operators, you can’t control fuel prices, but the last thing you remember is to run out of gas or be carrying too much inventory of a certain grade of fuel.

Consider upgrading to a retail fuel service that provides consulting services and recommends best practices around fuel management and vehicle maintenance. This will encourage owners and operators to acquire all the necessary information in order to maximize the productivity of their fuel supply and meet consumer demand.

A Retail Fuel Service that Delivers Responsive Custom Service

From increased consumer demand to weather and traffic patterns, all can make unforeseen situations. As for customers, look for a retail fuel service provider that responds to your emergency needs without postponements such as offering a quick and reliable oil change service and free preventive maintenance checks. Also, an outlet that caters to your basic vehicle service needs which include tune-ups, transmission works, minor mechanical repairs, brake system maintenance, etc.

Moreover, a retail fuel service operator should have an extensive network of reliable, professional, and friendly technicians that are equipped with the knowledge and skills to provide you with excellent service and keep your vehicle running right. In this way, customers can worry less on their next trip with a proper check-up that covers all the major aspects of your customer’s vehicle, from cleaning mirrors to changing oil.

A Retail Service Provider that Offers Convenience Beyond Fuel

Cars come and go but when you have other amenities that offer beyond what your c-store and fueling station can do, consider adding it to your products and services to keep your customers coming back. With fast competitions among service stations, opt for something that your customer’s car always needs such as oil changes and maintenance services on site. All of this is essential to what your retail service needs in order to be appealing to your customers

Maximize the lot where your service station stands by adding up a garage that services lubricant removal, oil recycling, and other petroleum-related services. This saves owners and operators a lot of time and resources as it makes operating these areas more convenient.

Maintaining a c-store and gas station is as important as preserving the usefulness of its main gear such as gasoline pumps and fuel dispensers. In order to preserve its parts in the long run, opt for a brand that offers high-quality equipment that is designed specifically for the demanding requirements of fleet and commercial fueling needs.

TOIC Solutions offers the next generation Gilbarco’s classic “Advantage Series” that provides reliable fueling with a range of new security and throughput features. Gain an edge over your competition by choosing Gilbarco’s range of cutting edge and future-proof service station equipment and convenience store technology. To learn more, send your inquiries at https://www.toicsolutions.com/contact/.

Underground storage tanks can cause worry to homeowners and business owners because oil tanks don’t last a lifetime. The average life expectancy of an underground storage tank is 10-15 years, but many variables affect the prediction of the storage tank’s life span. These factors include stray electrical current, quality and thickness of steel, elevated water table, ph of the soil, and many more.

Even if you think that your tank does not have any issues, be proactive by removing and replacing your underground storage tank before a problem occurs, because a leaking oil tank contamination cleaning is expensive and it can affect your real estate transactions. A preventive tank removal may avoid that expensive cleanup. On the other hand, aboveground storage tanks are not exposed to similar situations compared to underground storage tanks, but did you know that they can corrode prematurely and potentially leak? If you currently have aboveground storage tanks it is a must to meticulously observe the following: rust or metal flaking, wet spots on or directly beneath the tank, and oil odors.

Most homeowners usually remove and replace tanks and change fuel sources. Because of real estate transfers, insurance carriers are requiring this because of the possibility of potential cost exposure if the tank leaks.

It is very important to perform tank testing because without it is very difficult to detect if you have a preexisting problem with your tank. The longer you leave your tank in the ground the more you increase the possibility of leaking. Also, if your tank has begun to leak, the more time you leave this on the ground, the more expensive will be your clean up contamination. That’s why it is better to be proactive before a bigger problem arises. This will also help in avoiding costly cleanups for your storage tank.

It is recommended to have routine tank testing to prevent leaks, disasters, and avoid costly damage cleanups. It is very essential to ensure the safety and reliability of your tanks. Always be proactive in managing your tank and have a clear insight in terms of the life span of your storage tank to determine when to replace it. For more services about storage tanks, TOIC Solutions provides the best quality products and services for improved efficiency such as tank testing and tank calibration.

And as the exclusive distributor of Gilbarco Veeder-Root Gasoline Pumps and Fuel Dispensers, we assure you that your gasoline station equipment will deliver a high level of expertise and gives you a competitive advantage in gas station and service station equipment. Visit https://www.toicsolutions.com/ for more information.

An Automatic Tank Gauge (ATG) is an important electronic device for every gas station. Its basic function is to monitor the fuel level in the tank accurately to make sure that the tank is not leaking. It also indicates what is happening inside the tank such as the fuel level, water level and volume, temperature, and high and low fuel level warnings.

Installing an ATG is useful for monitoring your tank at all times and other interstitial spaces in tanks and piping. There will always be an ongoing measurement of tank levels and temperature to ensure the integrity of your product and to help avoid gas leaks. ATG’s are the most cost-effective monetary system to check up on your tank gauge.

Here we’ll list down the benefits of Installing an Automatic Tank Gauge:

Installing an ATG is cost-efficient

Having a device that monitors the maintenance of your gas station prevents accidents from occurring. Having an ATG is worth your investment as it ensures a safer place and guarantees protection for everyone in the vicinity. For gasoline station owners and operators, it is an investment worth knowing the everyday performance of their equipment.

An ATG will save you and the workers so much time.

ATG’s are excellent additions to your fleet’s maintenance. It is mostly placed above or below the tank so anyone can easily monitor the fuel or lubricant volume to assess the tank condition without having a hard time. It can also be wired or remotely accessed via a wireless modem.

Gone are the days of inaccurate, hard, and unsafe manual maintenance with ATG you will be able to get the most accurate inventory at all times and will help minimize a loss on product contamination or tank leaks.

An ATG ensures the conservation of your equipment.

Another key benefit of installing an ATG is the reassurance that you will always have enough gas on hand to meet your inventory needs. ATG systems have an alert function to help you maintain all tanks perfectly. It will automatically tell you when you need to re-order and refill.

One thing that the operators always neglect is the overall maintenance of different equipment while some even ignore leaks and aren’t alarmed by it. Nonetheless, the purpose of having an ATG is to know that no leaks will go undetected and problems will be resolved and fixed immediately.

ATGs are continuously improving and evolving.

Now that electronic devices are gradually evolving, the ATG also follows. It remains a software solution to help maximize time management for deliveries and inventory transparency. An ATG aims to specifically protect your fluid inventory needs and makes you stay at ease to be able to focus your attention on customers and other business needs.

In conclusion, Automatic Tank Gauges are needed for accurate control of your tanks and getting the best result of tank management with less effort. There’s a wide range of different industrial ATGs so make sure to trust a trading company that is involved in the distribution of a range of technology, equipment, and solutions.

Trans-Overseas Industrial Corporation provides turn-key solutions for its clients from logistics, warehousing delivery, installation, commissioning, and services of its product. We are committed to securing all the top-notch service station equipment such as gasoline pumps and fuel dispensers you need for your gasoline station.

Our Automatic Tank Gauge (ATG) Vender Root is the most experienced provider of fuel tank monitoring systems in the world. It does more than just automate your compliance and fuel monitoring but it also protects your business investment. Vender root ATG systems help you assess your total operations.

If you are interested to learn more about ATG – Vender root, visit our website at www.toicsolutions.com or view our products such as gasoline pumps and gasoline dispensers and services such as tank testing and tank calibration or contact us at info@toicsolutions.com.

For those wanting to get into a new investment opportunity, a gas station is a good place to start. After all, gas stations are considered a necessity to car owners and public vehicle operators. But just like any investment, the right information and knowledge can spell the difference between a successful and a failed business venture. We’re here to help inform you of everything you need to know when it comes to buying a gas station. 

Deciding to buy a gas station

Gas stations prove to be a popular investment because of its lucrative nature as it provides the owners with a stable yet easy business to operate. If you aren’t convinced yet, here are some facts that may lead you to consider this as a worthy investment: 

• Due to the business of selling gasoline, the sales will be fixed, regulated, and controlled by the market. This allows you to take a back seat in the fuel sales strategy and instead focus on your convenience store sales or other offerings. 
• Most gasoline stations have space for flexibility, letting you operate a car wash, repair shop, or convenience store for more means of sales on the side. 
• In the foreseeable future, gasoline will remain to be a product with high-demand as it is needed regularly by consumers. 
• Gasoline stations have a low labor cost as it does not really require skilled workers unless you operate a repair shop. There is a simple learning curve even for inexperienced workers, which makes it easy to hire and train gas station attendants and managers. 
• In the Philippines, 2018 saw the increase of gross revenues among its top three gas station brands with Phoenix Petroleum doubling from P44.5 billion to P88.6 billion, while both Petron and Shell recorded a 28% growth in their gross sales. As for 2019, Shell Philippines ended their year with an increase of 11% on their net income with P5.6 billion, while Petron ended their 2019 with an income of P2.3 billion, and Phoenix reported that their operating income is up by 12%. 

Things to look out for before buying a gas station

Before you make that final decision, all buyers need to exercise their diligence by putting in the right research. We have simplified that process for you with this mini-checklist of things you need to know, and questions you should be asking. 

• Condition of Gasoline Pumps and Fuel Tanks – Just like any equipment, this depreciates over time. It is important to know its current condition before deciding on anything. If the station is from an already established franchise, then records of its condition would be easy to come by due to the regular monitoring done. 
• Reported Profits from Owner – This will be your basis in checking if the venture is a good one or not. Check out both the monthly and yearly profits and ask yourself if the business is lucrative. What are the trends in their dips and gains? Do the financials hold up to the costs? 
• Required Renovations of the Property – What is the current situation of the infrastructure? Make sure to have laid out the information if there are any deadlines for its needed renovations. Are there any damages such as leaks that still need to be fixed? 
• Condition and Inventory of Convenience Store – This is where most of your sales will come from so this step is very vital. Check if there are any machines such as freezers or snack dispensers that need any fixing. Who are the vendors that you will be reaching out to in order to fill all of the shelves? 
• Location and Demographics – Knowing the area and if it is a strong one is also important. Whether it’s located near a highway or residential area can tell you a lot of things about how you can position yourself as a gas station. What are the nearby landmarks? Is there a new construction site close by? 
• Current News and Status of Liquor and Tobacco – This is information you have to be on the lookout for especially when the government announces liquor bans on certain occasions. Be more aware of similar ordinances you must comply with in order to sell your products smoothly.

Remember that while the prospect of earning a lot of income from this venture may be exciting, exercising the right diligence is always important especially as owning and operating a gasoline station is not a cheap venture. Once you have made the right research and have decided, you’re going to need to know where to start. You may start with service station equipment that is needed the most in your gasoline station such as gasoline pumps and fuel dispensers. Having the right solutions provider for your service stations is a big help in your first step to being a station owner. Learn more about what we do for gas stations and how we can help be your station partner here.

Safety inspections for every gas station are remarkably important, especially because there is gasoline involved. Gas and oils are highly combustible and can immediately start a fire if not properly avoided. A gasoline station inspection is mandatory as it helps prevent and provide a safe environment for the business and the community.

Here are the four items to check on your list, to ensure a smooth service station inspection:

Emergency plan and procedures – This should be available at every part of the gas station and is regularly updated and reviewed to remind everyone of what to do in case of accidents such as gasoline station equipment failure, fire, spillage, and other potential emergencies.

The list of contact numbers of fire protection, ambulance, and police services are also important and should be easily accessible. These plans and contact numbers are a beneficial reminder to be always prepared, no matter what happens.

Security equipment – To keep the gas station safe at all times, safety equipment should be available. Two or more powder types of fire extinguisher should be appropriately labeled and in an easy-access place and not in jeopardy in case of an emergency.

Spill kits are another requirement to be included in the safety equipment. Oil spills from gasoline pumps and gasoline dispensers can potentially start a fire and should be resolved immediately. There are different techniques used to put out oil spills fires, and a spill kit is essential for a gas station’s safety.

Emergency power – A gas station must have a main emergency power that cuts and shuts off the power to all fuel pumps and fuel dispensers. The emergency activation device should be accessible and tested monthly and should clearly label ‘EMERGENCY STOP’.

Overall Maintenance of the Gas station, regular equipment and, risk assessments – Taking good care of everything on-site is a must. In particular, regular checking of Fuel storage, Gasoline pumps and gasoline dispenser, Automatic Tank gauge, and other compliances are needed. Regular maintenance of these equipment avoids potential hazards. 

Inventory and Important documents/files – It is also necessary to keep records and documents of every item to assure that they are all maintained, received, stored, and dispensed. The records will also indicate all operational training including, maintenance and previous inspection records in the event of future concerns regarding gas station safety.

Ultimately, the inspection process is about companies demonstrating excellence and investing in quality equipment. Trans Overseas Industrial Corporation (TOIC) energizes your service gasoline station equipment by helping you maintain at its optimum condition through our Preventive Maintenance Program.

To prioritize and manage to be compliant: avail and check out our products here and visit our website.

You may also send us an email at info@toicsolutions.com or contact us at (02) 8243-5146.

Saving money is a habit that everyone wants to develop, especially now that we are in the midst of a new normal. The economic challenges that we are facing today have opened everyone’s eyes to focus on essentials and to try to stretch out our budget and get the most from our money.

This extends to vehicle owners and drivers who now more than ever, are warier of how much they spend on fuel and wondering whether they are getting the best deal. But how can you really save on gas? Here, we’ll walk you through some tips on how you can make smarter decisions when it comes to the gas pump:

• Keep an eye out for promos and special offers

With the Internet right at the palm of our hands, it is quite easy nowadays to compare gas prices between nearby gas stations. As a rule of thumb, check your local gas station’s social media pages for possible special offerings, promotions, or discounts so you can get more for your money. 

• Check for gas rewards

Most credit card providers offer rebates for a certain amount of money you spend — including gasoline! Subscribe to your card provider’s promotional newsletter for gas rebates or alternatively, you can also check on the gas station if they offer loyalty cards where you can accumulate points in exchange for gas discounts.

• Check your car regularly

Maintaining your car at its best does not only improve its lifespan and performance, it can also help you save on gas. Simply ensuring that your tires are in good condition can affect your gas mileage, so it is important to keep it running smoothly.

• Plan your trips

The best way to save on gas money is to ensure that it will not go to waste. This can be as easy as being mindful of your itinerary. Make every trip worthwhile by planning what you need to do ahead of time, so you can cut back on multiple trips when it is possible and squeeze in your errands in a day.

The key to making smarter decisions at the gas pump is being present, and mindful of what we are spending our money on. Be informed, take time to find the best deals, and maintain your car regularly to ensure a more convenient and cost-effective gasoline station journey.

As the preferred distributor of fuel pumps and fuel dispensers, TOIC is the exclusive distributor of Gilbarco Veeder-Root in the country. Gilbarco Veeder-root is the global leader in fuel dispenser technology and integrated fueling solutions, from the forecourt to the c-store. Gain an edge over your competition by choosing Gilbarco’s range of cutting edge and future-proof service station equipment and convenience store technology. No other company delivers its level of expertise and gives customers a competitive advantage in the gas station and service station equipment. Learn more by visiting our website at https://www.toicsolutions.com/ and send your inquiries at https://www.toicsolutions.com/contact/.