Business Plan For Petrol Station
Are you about starting a gas station with convenience store? If YES, here is a complete sample gas station business plan template & (petrol filling station) feasibility study you can use for FREE. Okay, so we have considered all the requirements for. We also took it further by analyzing and drafting a sample gas station marketing plan template backed up by actionable guerrilla marketing ideas for gas stations. So let’s proceed to the business planning section.
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Starting a gas station or filling station or petroleum station as it is typically called in some parts of the world is indeed one of the means of owning a business portfolio in the oil and gas industry. This is for sure one business that has made a lot of people millionaires or even billionaires. It is true that playing in the gas industry might require loads of funds, but in the long run it sure does pay. Yet another thing that you would have to take really seriously is the writing of a business plan. The business plan is one manuscript that has continued to be important.
This is because it serves as a good blueprint on top which every business should be built. On the other hand, not everyone knows how to write a business plan.
This is because of the technicality which is involved in the activity. On the other hand, there are loads of business experts who are specialized in the writing of business plans. They do this for some fee.
Business Plan For Petrol Filling Station
If you think that you do not want to part with your money, then you may want to look at using an existing business plan template to produce yours. However, be sure to have loads of information about your business. Some of the things that should be contained in a business plan includes: your sales forecast, the structure upon which you plan to build your business, your marketing strategies, how you plan to raise funds for your business and a host of other things.
A full service gas station has attendants who operates 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 operates the pumps. This is often required due to laws in some cities that prohibit customers from operating the pumps themselves. While in self – service gas stations the customer performs all required service. Instructions informing the customer of filling procedures and cautions are clearly displayed on each pump. Customers are expected to go to the store or go to a booth to give payment to an employee of the station and lastly we have the unmanned gas station that make use of card – lock (or pay-at-the-pump) system, these gas station are completely unmanned. The Gas Stations industry over the years has experienced a modest amount of volatility. As a matter of fact, as more Americans acquire automobiles, the total vehicle miles increased and this gives room to increase in the demand of gasoline.
Business Plan For Petrol Station
So also, as per capita disposable income continued to increase, some automobile owners would choose to go for premium fuel, which is priced higher than lower-octane fuel. Just like other industry, the Gas Stations industry has also experienced its fair share of ups and downs over the last five years.
As a result of strengthening domestic economy and improvement in employment over the early part of the last five years, the Gas Station Industry also experienced improvement in performance. The Gas Station industry is indeed a very large industry and pretty much thriving in all the parts of the world. Statistics has it that in the United States of America alone, there are about 10,719 licensed Gas Station businesses responsible for employing about 120,226employees and the industry rakes in a whooping sum of $106bn annually.
