With around 93% of U.S households owning a vehicle, a gas station franchise makes for a great option for any ambitious entrepreneur. And you are also required to have a liability insurance, which will surely add up to your total Gas Station franchise cost. The Number of Gas Dispenser or Pumps Available in the Gas Station, 7. Dash In provides franchising opportunities for its gas stations and convenience stores across the U.S. Email customer.relations.e-mail@exxonmobil.com or call 1-800-243-9966 for information to get started. According to JUX Law Firm, business owners should expect to spend around $300,000, which breaks down as follows: $2,000 for legal fees; $2,000 for insurance premiums; $3,000 for state … Renting or leasing a facility in a location that is off the city center or off a major road will be less expensive when compared to renting or leasing a facility in a highbrow area; a location along a major road with high vehicular and human traffic. To start your Petron franchise, you need to have your own lot to build your gas station on, as well as a total investment cost of P1 million to P2.5 million, exclusive of a cash bond of P100,000. Franchise Profile — Citgo Service Station. The Cost for Registering the Business, 13. Paying for water, sewer, gas, and electric utilities. This property listed in the Town of Tisdale is in northeastSaskatchewan, approximately 210 kilometers … Examples of 3 Well Known Gas Station Franchising Companies in the United States of America are; Fueling Stations Properties Ghana . The stores feature a sleek design and are known for having a kiosk with Internet. The bottom line is that it is a cost that must be part of your budget and this cost will influence the overall cost of opening the gas station. If you think you are qualified will all their criteria, then you are ready to go. But the question is, how much can a Gas Station earn? The cost of registering the gas station is yet another cost that will influence the overall cost of opening a gas station in the United States of America. Instructions informing the customer of filling procedures and cautions are clearly displayed on each pump. And one of these factors is the Gas Station franchise startup fee. Connect With Us; Twitter Linked In Facebook Subscribe to RSS feed for Gas / Petrol Service Stations For Sale in the UK Before you franchise a gas station, you must first know what it really is. Circle K franchises are located in more than 20 different states throughout North America. Surprisingly, there’s no Franchise Fee or Royalty Fee in the Caltex Franchise program. Required amount will depend on the cluster characteristics and the results of credit assessment. The cost of starting up a Chevron Gas Station franchise is estimated at a low of $1.2 million (U.S. dollar) and a high amount of $2.5 million (U.S. dollar). The ExtraMile franchise brand was launched in 2007 and has since expanded to more than 200 stores. Find information on Sunoco franchise business opportunities and learn how much it costs to start an Sunoco franchise business. Convenience Store, Coffee Café, Snacks Bar. Do you know how much it cost to franchises a Wawa … Franchise directory ; Browse franchises; Franchises by Investment; Franchises by Industry; Franchises by Location; Featured Franchises; Business Opportunities; Low Cost Franchises; Resources; Franchise News; Franchise Videos; Franchise Articles; Franchise Consultants; Franchise … All these uniforms will cost you money which is why it must be part of your budget if you are looking towards opening a gas station. Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. There are currently no franchise available. You will quite agree that aside from the basic facilities such as gasoline pumps, you can also add up a convenience store. A franchisee may also secure huge profit when success formulas are met such as low-cost supplies, proper placement, and good marketing techniques. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Caltex … We provide the highest of quality fuels and extensive cost effective services to our clients. Thus, it is imperative to create a budget for insurance policy cover and perhaps consult an insurance broker to guide you in choosing the best and most appropriate insurance policies for your business. Entrepreneurs and intending franchisees at BP are required to pay a franchise fee of $30,000 (U.S. dollar). However, there are additional costs depending on the size of the station, and the total investment could reach: P2,000,000 for a Basic Station (1 or 2 islands and 2 pumps) P5,000,000 for a Regular Station (2 islands and 3-4 pumps) That means our franchisees have more opportunities to achieve growth and success when compared to other franchised convenience retail concepts. Obtaining and bearing the cost of land, building, and store equipment. The average initial franchise fee of a Gas Station usually runs around $30,000 or more. A major factor that will determine the overall cost of opening a gas station in the United States of America is the type of gas station the owner plans to open. Franchise Fees One salient feature about franchising in a Pilipinas Shell gas station is that the company does not charge a franchise fees. The range in cash requirements across gas station franchise businesses is based on what type of franchise you want. How Much Does California Fishing License Cost, How Much Does It Cost To Open A Grocery Store, How Much Does It Cost To Start a Daycare Center, How Much Would It Cost To Buy A Hot Air Balloon. Another major factor that will determine the cost of opening a gas station in the United States is the location. The cost for branding, promoting and marketing the gas station are yet key factors that will determine the overall cost of opening a gas station in the United States of America. Interested in owning a Sheetz Gas Station franchise? If you’re looking into how to open a gas station, you may have considered buying into an existing gas station franchise, like Chevron or Mobil. If yes, then I will help you to provide the right answer to the queries in this piece. Save my name, email, and website in this browser for the next time I comment. Texaco has stood for performance, quality and service for more than 100 years. BP Connect Business Opportunities: Other Information. A Gas Station with moderate size usually pumps fuel around 325,000 up to 350,000 liters per month. In the United States of America, the Average Cost of Purchasing a Gas Station Franchise is: Annual costs $250,000 to operate and you need around $160,000 annually to buy and stock products. These convenience stores and gas station franchises offer a lucrative business opportunity for investors. Purchasing a gas station franchise can eliminate some of the startup costs and headaches that come with opening a brand-new station. The normal cost of Marketing or Advertising Fund fee is also a percentage of your gross sales. Purchasing a gas station franchise can eliminate some of the startup costs and headaches that come with opening a brand-new station. The convenience store/café/filling station brand is owned by BP, the multinational British oil and gas corporation. Another major factor that will determine the cost of opening a gas station in the United States of America is the source of your supplies. Plus, the recovery period of investment is shorter … Learn how to start GAS STATION FRANCHISES opportunities in Canada. Providing weekly business consultant meetings to support franchise growth. And the most common one is the financial requirement. Seaoil Gas Station Seaoil has stood the test of time and can be chosen for its stable demand. The Petron Bulilit Station is an excellent alternative for those who want to franchise a gas station with just two or three product pumps. However, the cost is normally a percentage of your gross sales. Processing fee; Monthly royalty fee; Retailer fee; Investment cost This will of course depend on the size and location of the gasoline station. But for you to be able to become a franchisee of Shell, you should take note that the minimum amount of … So what is a Gas Station? This initial investment of yours will consist of a lot of factors. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. 50 Catchy Business Name ideas for a Gas Station, 14 Best Gas Station Franchise Opportunities for Sale, Starting a Gas Station – Sample Business Plan Template, How to Write a Gas Station Business Plan [Sample Template], How Much Does It Cost to Buy a Gas Station Franchise, business with more than one outlet in key locations, 6. The petrol station franchise has extracted around 100 billion cubic metres of gas from the huge gas [...] Read more After you pay the franchise fee and signing the franchise agreement, the next thing you will have to worry is the cost of the site work. The franchise fee for an Eastern Petroleum gas station is P250,000. FRANCHISE… Check out the cost and profit as well as the investment information, including franchise fees and available areas for sale here. Customers are expected to go to the store or a booth to give payment to an employee of the station. When it comes to starting a standard and large scale gas station with several outlets in key cities in the United States of America, a gas station with the intention of selling franchise and also offering complimentary services, then you should look towards budgeting well over seven million, five hundred thousand dollars ($7.5 million). With Petron supplying 40% of the fuel needs in the … This means that the cost of the grand opening of the gas station is part of the factors that will determine the overall cost of opening the business. Will you love to take up a Wawa gas station franchise? The average amount that your business will earn usually runs four up to five times its yearly asking price. The ExtraMile franchise brand was launched in 2007 and has since expanded to more than 200 stores. Gasoline Station Franchises. Start your business! The best way to get started is to buy a franchise. Owning a RaceTrac convenience store & gas station franchise means being a part of a trusted brand, named a top-ranked gasoline retailer. (franchise opportunity overview continues below) Citgo guarantees its service stations consistent delivery, excellent service and the spirit of innovation. Our aim is to meet the energy needs of society, in ways that are economically, socially and environmentally viable, now and in the future. There are business consultants who are specialized in helping people choose an ideal location for their business; a location that will guarantee them to profitability. Gasoline Station Franchises. Do you have an interest in opening a Wawa franchise in your environment? Flex Fuel is an independent fuel company in the Philippines geared towards meeting the needs of motorist and travelers by providing them with affordable gasoline, clean and safe ambiance, and membership card advantages. These services will cost you money and it will indeed influence the overall cost of opening a gas station in the United States of America. Find information on Sheetz Gas Station franchise business opportunities and learn how much it costs to start an Sheetz Gas Station franchise business. However, they share a common service, which is to provide steadfast service. Of course, the number one reason why you choose to franchise a business such as a Gas Station is to earn a lot of money. However, the following fees need to be paid to acquire rights and operate a Pilipinas Shell dealership. Wawa was started as a milk processing and delivery business in the year 1902 and at that time milk business was a huge success, due to its quality, cleanliness and … Typically, a franchisee will need ₤100,000.00 for 6 sites and at least ₤50,000 for the purchase of initial shop stocks. You also need to consider state and federal requirements. Home » Business ideas » Oil & Gas Industry » Gas Station ». Petron Corporation is the largest oil refining and marketing company in the Philippines, supplying nearly 40% of the country’s oil requirements. 1. We provide the highest of quality fuels and extensive cost effective services to our clients. 1. GAS STATION FRANCHISES. Staff Writer 10 July 2018. Another factor that will determine the cost of opening a gas station is the cost of furnishing and equipping the gas station. Franchise Fees One salient feature about franchising in a Pilipinas Shell gas station is that the company does not charge a franchise fees. Become part … Are you in need of the cost to incur for a Wawa franchise fee? You will need to budget for items like – a fridge, deep freezer, microwave oven, storage hardware (bins, rack, shelves, food case), counter area equipment (counter top, sink, ice machine, etc. Gas stations offer one of three types of service to their customers: full service, minimum service or self-service. At that time, milk business was a huge success due to its quality, cleanliness and “certified” process. An existing gas station franchise costs anywhere from $250,000 to upward of $2 million depending on the amount of consumer traffic. Most Gas Stations in the modern era have a convenience store that offers cigarettes, frozen foods, auto accessories, coffee, cakes, drinks, magazines, phone cards, and much more. From fuel to lubricants to fast lube, Citgo has a variety of partnership options. However, if you have to purchase real estate to build a gas station from … Cash Required $250,000 – $500,000 7. Pilipinas Shell Franchise. The next thing that you will need is the initial investment which usually runs around $450,000 up to $4,000,000. One of this is the ongoing royalty fee. This pre-established Gas Station is a business that was previously owned by a franchisee. The startup costs associated with opening a gas station business are substantial. Gasoline has already become part of every human’s life. The budget for opening a 15-pump gas station will be far above the budget for opening a 5-pump station. Here are a few key factors to keep in mind if you’re exploring the idea of purchasing a gas station franchise … Do you want to start a gas station and you want to know the cost breakdown? ), (Flat Screen TVs, sound system, DVD players, Satellite dish and decoder, furniture (table, stools and sofas), telephones, filing cabinets), store equipment (cash register, security, CCTV, ventilation, signage), and security and fire alarms and prevention gadgets amongst others. The Cost for Furnishing and Equipping the Gas Station, 11. There are many available Gas Stations Company in the world and it will be up to you on what you will choose. QT Gas Station Franchise Fee, Revenue, And Profit Margin. The initial cost to start an AMPM gas station franchise will vary from around $431,00 to $11,000,000 depending on the location and size of the unit. The cost will greatly depend on the company. Lastly, we have the unmanned gas stations that make use of card – lock (or pay-at-the-pump) system, these gas stations are completely unmanned. As time goes by, Gas Stations are now adding extra services. So if the numbers mentioned above fire up your engine, you may be wondering how to go about owning a gas station franchise in the first place. Please note that there may be several inspections you must pass before you can be issued your licenses and permits, and this will also cost you money. All of us here are also franchise and business owners yet how many of us own a Subway, a 7-11 or a Gas Station? It means that you will buy the land or a property, bring up your design and of course equip the gas station to fit into the ideal picture you have in mind. How to start the RaceTrac convenience store franchise? How to open a petrol station franchise in South Africa – and how much it costs. In both cases, we make the customized building plans and design for the station. The fact that there are different types of gas stations means that these gas stations are designed to offer different types of services. The cost for insurance (general liability, theft, The cost for leasing a standard facility in a good and centralized location along a major road or expressway –, The cost for remodeling the gas station facility and construction of underground gasoline tanks/reservoirs –, Other start-up expenses including stationery (, The operational cost for the first 3 months (salaries of employees, payments of bills et al) –, The cost for start-up inventory (supply of nonautomotive fuel, automotive fuels (e.g. Upfront fees can be as low as $20,000 to lease an existing location. A full – service gas station has attendants that operate the pumps, often wipes the windshield, and sometimes checks the vehicle’s oil level and tire pressure, then collects payment and perhaps a small tip, a minimum service gas station has attendants that operate the pumps. You will agree that you are going to spend way more when compared to people that rent or lease a facility. It is fact that these different types of gas stations have different start-up cost. Shell is committed to offer our customers a variety of fuels & Lubricant … According to a Gallup poll, in the United States, 64% of cars are driven daily - imagine the demand for gas and you'll realize the potential of owning a gas station franchise. Investment cost of Mahanagar Gas CNG station franchise. BP Connect stores have featured the advertising slogan, ‘A Little Better Gas Station,’ made popular by a song, LA, performed by the indie rock band Message of the Blues and featured in TV and radio ads. Though the franchise and investment is immensely expensive, the payoff is big compared to other forms of business franchises … To get started opening a Mobil gas station, you will need to contact ExxonMobil to express your interest in becoming a branded wholesaler (also known as a franchise owner). A full – service gas station has attendants that operate the pumps, often wipes the windshield, and sometimes checks the vehicle’s oil level and tire pressure, then collects payment and perhaps a small tip and a minimum service gas station has attendants that operate the pumps. Make sure that you really want to own this franchise and this will best fit your venture among other … To find out more about the benefits of being a Texaco marketer or retailer, contact your nearest Business Consultant. $700,000 Investment $2,500,000 - $6,600,000 Franchise … All these will cost money and it will influence the overall cost of opening your gas station. BP Connect franchises are the more popular option due to reduced cost and complexity. Please note that there are other factors not listed above that will sure influence the overall cost of opening your gas station which is why we will advise that you work with a result driven business consultant in your city to give you the needed guide. A gas station which is also called a petrol station, filling station, fueling station, or service station is a business facility which retails gasoline (petrol), diesel and lubricants and other supplies if they run a convenience store. They must also purchase other products that are sold, and pay employees’ wages, utilities, taxes and permit fees. As regards the facility, you have the option of renting, leasing or constructing your own gas station facility from the scratch. This will of course depend on the size and location of the gasoline station. There will be requirements that you will need to qualify. Let’s be clear: This isn’t cheap. With renting and leasing, you might just have to spend extra to modify the facility to fit into the picture of what you have in mind, the number of pumps, reservoirs and tanks and additional facilities you want to attach to your gas station, such as a convenience store. But if you want to own the regular gas station with many products to offer, then the Petron Gas and Service Station is for you. The Cost for Branding, Promotion and Marketing of the Gas Station, 9. This will be the very first cost that you will have to make. On the average, a Gas Station owner with a moderate size business usually earns around $1 million per year. About Petron. If you’re looking into how to start a gas station, be aware that the initial costs are quite high⁠—this financial entry barrier may necessitate a loan. In the United States of America, the Average Cost of Purchasing a Gas Station Franchise is: Annual costs $250,000 to operate and you need around $160,000 annually to buy and stock products. The services offered by a full – service gas station are different from the services offered by self – service gas stations. DA to charge Helen Zille over colonialism comments Next article. As a pioneer and leader in the retail convenience industry, RaceTrac is capitalizing on its existing store locations and expertise in fuel and merchandise retailing to recruit and support qualified entrepreneurs. In the United States of America, you cannot open a gas station without first applying for the mandatory license and permits. I'll leave that to your imagination why. If you are planning to franchise a business, a Gas Station is a good option. Modern Gasoline Stations are now also offering … The Cost for the Purchase and Customizing of Uniforms, Shoes and Protective Gear for Your Employees, 15. Whoever owns the station shoulders the construction cost, thus for DODO – the dealer, and for CODO – the company. Engen also requires that applicants will complete a psychometric assessment at their own cost to ensure a good fit with the business. Liquid capital required. This is the amount gathered from providing quality services in the average operation of your gas station. Gasoline became a necessity and people can’t live without it already. Similarly, a large Sasol filling station can easily cost tens of millions. Now that you know how much is a Gas Station franchise startup fee is, you will also need to know the cost you will make while your business is operation. Facts & Figures. You, as the owner, can increase your earnings by adding trends such as coffee shop or a car wash in your Gas Station. An existing gas station franchise costs anywhere from $250,000 to upward of $2 million depending on the amount of consumer traffic. Starting in the 80s as a depot facility in Mandaluyong City, it is one of the pioneers in relation to independently taking risks and becoming successful in spite of many giants looming over it.