UpFlip

This Is What Nobody Tells You About Gas Stations

I'm proud to have Bizee sponsor this video. #ad Their platform makes launching and managing an LLC straightforward, and it’s a service I genuinely believe in and recommend to anyone ready to start their business. https://bizee.com/?utm_source=youtube&utm_medium=content_sponsorship&utm_campaign=upflip When Parm Bhullar invested $1 million in her first gas station, she never imagined it would grow into a $37 million-a-year business. Today, she and her partners own 8 Arco and Shell stations throughout Washington's Whatcom County, all built in just three years! What's wild? While most people were worried about trying to open gas station businesses even small business during the pandemic, her locations kept growing even when fuel sales everywhere else dropped. That is the power of Business Strategy. After spending 15 years in retail, Parm knew that running a successful gas station meant more than just selling fuel. She's naturally great with people, and it shows - her approach to customer service has helped her stand out in a crowded market. In this episode, Parm shares the reality of what it takes to open a gas station: from writing that first business plan to building teams that stick around. She gets real about finding good employees (and keeping them), breaks down her management style, and shows us the actual systems she uses to run multiple locations. Whether you're thinking about how to open a gas station or already own one, this conversation is packed with practical advice, financial accounting Wisdom and the how to make money from someone who's done it and done it well. 🔗 UpFlip Official Resources 🎓 Start or scale your business with the UpFlip Academy - https://links.upflip.com/academy-yt 📕 FREE access to ‘137 most profitable businesses’ - https://links.upflip.com/137-business-ideas-yt 🎙️ Follow the UpFlip Podcast - https://links.upflip.com/podcast-yt 📩 Join the UpFlip Newsletter - https://links.upflip.com/newsletter-yt ⭐ Tools & Services We Recommend Best AI-Powered CRM 👉 https://www.upflip.com/go/go-high-level-crm Save $$ on your auto insurance bill 👉 https://secure.moneymatchup.com/2YXbmn Best business checking accounts (FREE) 👉https://secure.moneymatchup.com/1YKrOV Looking for Business Loans? 👉 https://secure.moneymatchup.com/LV233y Set up a Shopify Store for FREE 👉 https://secure.moneymatchup.com/GWvVrk Set up Quickbooks for your business (DISCOUNT) 👉https://secure.moneymatchup.com/0rLCuX Stuck in debt? 👉 https://secure.moneymatchup.com/yoXaZn Set up payroll with ADP 👉 https://secure.moneymatchup.com/HT5vef Timestamps: 00:00 - Start 00:22 - The mogul behind 8 gas stations 00:40 - Sealing the first deal 01:13 - Marketing techniques 01:46 - Monthly overhead 02:06 - Revenue breakdown 02:33 - Where the money really comes from 03:17 - Employees and wages 04:11 - Inventory management systems 04:36 - It’s all about the fuel! 05:06 - Regular maintenance and repair 06:43 - Should you go 24/7? 08:04 - Service built for travelers 08:34 - Building vs. Buying 09:27 - Year-round money maker 09:56 - Time to ROI 10:12 - Customer base 10:31 - The “daily checklist” 11:04 - Know your customers (don’t be shy!) 11:26 - Outro #gasstation #howtoopenagasstation #opengasstation