Gasoline Stations with Convenience Stores — Business Survival Rate

An estimated 73% of gasoline stations with convenience stores businesses survive their first 5 years, based on U.S. Census Bureau Business Dynamics Statistics. The annual business closure rate is 6.1%.

73%
5-Year Survival Rate
+2.6%
Net Growth Rate
56,537
Total Firms
4,629
Annual Firm Deaths

Is Gasoline Stations with Convenience Stores a Good Business to Start?

With a 73% five-year survival rate, gasoline stations with convenience stores has an above-average survival rate compared to the national average of roughly 50%. This makes it a relatively safe industry to enter — businesses here tend to find stable demand and sustainable economics.

The annual exit rate of 6.1% is lower than many sectors, suggesting that once established, these businesses have staying power. That said, lower failure rates often correlate with higher barriers to entry or established competition.

Entry vs. Exit Rates

Annual rate of new businesses opening versus existing businesses closing.

Entry Rate (new businesses)6.0%
Exit Rate (closures)6.1%

Net negative: more businesses closing than opening (-0.2 pp spread).

Job Creation & Destruction

13.4%
Job Creation Rate
10.8%
Job Destruction Rate
+2.6%
Net Job Growth

The industry is adding jobs faster than losing them — a positive sign for both workers and new business owners looking to hire. Total employment: 1,016,375 workers across 56,537 firms.

Want to know how much gasoline stations with convenience stores businesses actually make?

See full revenue benchmarks for Gasoline Stations with Convenience Stores →

Frequently Asked Questions

What percentage of gasoline stations with convenience stores businesses fail?
Approximately 27% of gasoline stations with convenience stores businesses fail within their first 5 years. The annual closure rate is 6.1%, with 4,629 firms closing permanently in 2023.
Is the gasoline stations with convenience stores industry growing or shrinking?
The gasoline stations with convenience stores industry is currently growing with a net job creation rate of +2.6% per year. New businesses are entering at 6.0% while 6.1% close annually.

Source: U.S. Census Bureau, Business Dynamics Statistics (2023). Survival rate estimated from annual exit rates.