"Gas Station/C-Store retail sales continue to grow"
Gas stations and convenience stores make up about 140,000 locations (independent and franchise) across the United States with a combined total annual revenue of nearly $500 Billion. It is a highly competitive industry; gas station/convenience store owners must compete with other local convenience stores in addition to grocery stores, mass merchandisers and warehouse clubs.
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Key Convenience Store Factors
- Demand is linked to the volume of car driving
- High inventory turnover
- Low receivables