You can actually do it, but only if you have cash and the passion to run a business! From the refinery, products are moved via barges and marine vessels to 32 International Organization of Standardization ISO -certified depots and terminals situated all over the country.
Do you want to become an independent petroleum marketer? Do you want to do business in the oil and gas sector of the economy? Then I advice you read on. The oil and gas industry is one of the biggest and lucrative industries. In fact, it is probably one of the most vital sectors of the economy because every other industry is dependent on its output; which are petroleum gas station business plan philippines office.
This is why almost all the world billionaires and richest people own considerable investments in the oil and gas sector. Now what is a gas station? The world is still heavily dependent on oil, despite the campaign and increased awareness towards conservative or renewable energy.
Prepare yourself Before setting out to establish a gas station, you must be adequately prepared; mentally, physically and financially. The reason I say this is because the petroleum industry is strictly regulated, filled with lots of bureaucratic processes, very capital intensive and risky.
So it is not an industry for the lily-livered. Conduct feasibility study Success in this business is hugely dependent of adequate fore-planning and preparedness.
So before investing a dime to erect a fuel station, it is important that you conduct a critical research.
This step will help you avoid some bottle-necks and mistakes; and invariably increase your chances of success. Prepare your business plan A business plan is very important because it is the only document that can prove to investors and your bankers that you have done your homework.
Your gas station business plan should contain everything about your proposed business such as the cost of the project, financial projections, risk sensitivity analysis, possible problems that might be encountered and how to deal with them, your management strategy, your marketing plan, mission and vision statementexecutive summaryyour personal profile and biography, etc.
To avoid misquotations and miscalculations, it is advisable you conduct feasibility research and work on your business plan alongside a business consultant or a consultant specialized in the oil and gas sector. Raise the needed capital After developing a business plan, you can now proceed to raise the needed capital.
You can choose to either self finance the project, raise money from private investors or take a bank loan. Regardless of the route you choose to take, just make sure you know what you are doing.
A gas station is location-driven. What this means in essence is that establishing your filling station in a good location will almost guarantee success; as you will likely not invest much in running advertisements.
Examples of good locations are: Commercial areas Areas or road intersections with high vehicular traffic Along major highways Industrial areas Residential areas If you are sited here, that means you will need to focus on retailing Kerosene One of the prerequisite for obtaining your license of operation is your certificate of incorporation and tax clearance.
So therefore, incorporating a company name is a must. I advice you seek the services of a lawyer or attorney. Obtain the necessary licenses and permit Obtaining licenses, approval and permit to run a filling station is where the major problem lies.
Like I said earlier, the oil and gas industry is strictly regulated. In fact, I personally know some individuals who gave up at this phase; just because of the stress involved with getting approval for their mini kerosene depot.
To make the process easier, I recommend you seek the advice of an oil and gas consultant; or better still, you can talk to an already established gas station owner.
Now using Nigeria as a reference point and case study, there are about five regulatory bodies you may have to deal with in the quest to obtain your license, commence full operation and get regular supplies.
Build the gas station A gas station business requires a huge amount of money for its establishment.
There is no definite amount for starting this business as the cost may vary due to factors such as location, size of station, number of fuel pumps, type of extra services offered. Now when planning for your gas station, you need to consider some costs such as: Fuel pump and dispenser Calculators They will be responsible for hauling products for you from the depots and ensuring you have a steady supply of petroleum products.
Hire employees Running a gas station is management intensive, so you will need extra hands to cover positions such as pump attendants and a manager.
Once you hire employees, you are good to go.A Sample Gas Station Business Plan Template Gas Station Business Overview A gas station which also called a petrol station, filling station, fueling station, or service station is a business facility which retails gasoline (petrol), diesel and lubricants for motor vehicles.
Top 5 Gas Station Franchises in the Philippines 21 Comments It seems that as the world become more and more industrialized, the more it is being governed by . Gas Station Business plan and strategies. 1. Your solution for Gas Station Business. 2. Marketing Strategies for Your Gas Station Franchise: No matter what part of the country you’re in, you’re bound to find a gas station franchise set up to service motorists.
How To Start An Oil Business in the Philippines (Opportunities from the Big 3) For a long period of the Oil Business in the Philippines was dominated (some say monopolized) Gas Station (includes gasoline, diesel, motor oils, lubes and lubricants, etc).
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Pitstop Promo; Manalo ng Bagong Motor Ngayong Pasko! Drive your way to a Ferrari; Shell FuelSave Gas. The good news is that buying a gas station can provide you with a very solid and relatively easy business to operate.
Despite the volatility of oil prices, or the future potential for alternate fuels, gas stations are not slated for extinction any time soon.