1. Details:
References:
1. Gas price in Chicago: take12 month averageprice equals to $2.715/gallon
http://www.chicagogasprices.com/retail_price_chart.aspx
2. http://www.forbes.com/sites/sageworks/2014/01/21/profit-margins-at-gasoline-
stations-have-increased/
3. Licenses and permits
https://www.cityofchicago.org/city/en/progs/inspectionspermitting/filling_statio
ns.html
Filling Station Licenses
http://mra.org.mt/wp-content/uploads/2012/08/15.9.Draft-Licence-Conditions-o
f-Petroleum-Filling-Stations.pdf
overall prediction
http://thompsonhall.com/starting-your-own-gas-station-minnesota-business-atto
rney/
4. http://www.loopnet.com/xNet/MainSite/Listing/Search/SearchResults.aspx?linkc
ode=13890#/Industrial/For-Sale/k!gas-station/c!ARUHAAYDVVNECAUAAAECAQ1
W7-UnacxEQPmLnzhPBkVAAgAAAH4CVs$CA_9tVwA
5. Underground tank quantity & capacity: In urban area, average quantity of
underground tanks is 2.6 with an average capacity 50000 gallon
http://www.atlasoil.com/Blog/Fuel-storage-capacity-at-service-stations
Underground tank lifetime: 10-15 years
http://www.oil-tank.com/nextSteps-whatdoido.html
Oil tank price: $41431 * 2.6 http://eagletanks.com/tankspage/index.html
6. Oil tank truck price: $20000*2 http://www.commercialtrucktrader.com/
Gas price in Chicago1 $2.71 Fuel Me Safely $2.54
Determinants2
Crude oil 69%
Refining 8%
Taxes 13%
Legal fees3
(11%*5%)
legal $2000
Insurance $2000
State permits $3000
Construction fees
(11%*95%)
Real estate4 $180/SF Real estate $114/SF
Underground
oil tank5
$41431*2.6
Underground
oil tank
$41431*1.5
Store setup $20000 Tank truck6 $20000*2
Promotional
sign
$5000 Device $258.85