local TV stations, newspapers and popular radio stations. They bodies include: It is also important to note that you may need to join various associations and unions such as: A gas station business requires a huge amount of money for its establishment. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you. It's fast and easy, with LivePlan. Your business plan can look as polished and professional as this sample plan. A gas station is location-driven. Gas Station Business Plan – Economic Analysis. • Forecast Your … Download Gas Station Business Plan Sample in pdf. The increase in the number of automobiles has pushed up the demand for gasoline and diesel which makes gas station business a lucrative venture. Robert Cole, owner of Allensburg’s Food and Gas, has seven years of experience in managing gas stations/convenience stores. Erect billboards on the highway and within strategic locations in the neighborhood to let potential customers know about the gas station. The gas station startup capital will come from Mike’s personal savings as well as a loan to supplement initial capital. Allensburg is a small town with a population 3,400. In order to understand how to open a gas station and be successful, there must be a well-defined sales strategy. This is an excellent location considering the high amount of vehicular traffic that uses the highway on a daily basis. Describe in detail the services and products of your gas station. Gas station customers may view fuel stations as virtually undifferentiated. Now when planning for your gas station, you need to consider some costs such as: If you have trucks or tankers, then you can go sourcing for the products yourself but if you are just starting out, then you need to strike a deal or contract with truck owners or fuel distributors / suppliers. Take it or leave it, the oil and gas industry is one of the most strictly regulated sectors, not just in Nigeria but all over the world, Inconsistent government policies can also be a challenge. Start your own convenience store gas station business plan. I advice you seek the services of a lawyer or attorney. The oil and gas industry is one of the biggest and lucrative industries. Profit and Loss information for Savoy gas station calculated on a monthly and annual basis is shown below. Savoy gas station intends to open in an area with a lot of business potential. 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. Get the Bplans newsletter: Expert business tips and advice delivered weekly. Obtain the necessary licenses and permit. This is an extremely busy highway with thousands of vehicles using the highway on a daily basis. Savoy gas station Brake-even Analysis is illustrated in the graph below. This gas station business plan sample explains the strategy the gas station intends to follow to meet its targets. The population density was 996.4 people per square mile. From 1993 to 1996, Robert was the manager of Higgins Texaco, one of the largest gas station… The gas station will be registered under the name Savoy Gas and will be located in Princeton, New Jersey on Exit 2 off the New York Philadelphia interstate highway. Savoy Gas Station aims to offer a fully equipped gas station facility for motorists using the busy Interstate highway. Identifying potential customers is a critical step of starting your own gas station. To succeed in its mandate, the gas station intends to focus on harnessing the latest technologies in the oil and gas industry to offer quality and reliable services to motorists. Home » Business ideas » Oil & Gas Industry » Gas Station ». 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. Gas stations offer one of three types of service to their customers: full service, minimum service or self-service. Savoy gas station plans to market its products especially drinks and snacks to students from nearby high schools, colleges and universities. Put your staff on smart looking uniforms. Investing in a gas station requires a significant amount of investment, but with a sound business strategy, you can be assured of recovering your entire investment. This step will help you avoid some bottle-necks and mistakes; and invariably increase your chances of success. There is no doubt one of the greatest strengths and advantages outlined in this gas station business plan is the strategic location. 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. It is a profitable business with good profit margin (, Petroleum products sell themselves, so there’s little need for marketing. So before investing a dime to erect a fuel station, it is important that you conduct a critical research. The Business Plan . You can choose to either self finance the project, raise money from private investors or take a bank loan. As a staple in the community for gas and cooked food, COMPANY NAME is looking to expand to a … Savoy Gas station will be located on the main New York to Philadelphia Interstate highway at Princeton, New Jersey. Below is a summary of sales forecasts for the gas station. Allensburg's Food and Gas Management Summary . Therefore, in order to run a successful gas station, you need to have a solid, well-thought-out, and sound marketing plan. Located on rural Highway 310, the town is 30 miles south of the city of Kent and 34 miles north of the city of Willard. He has overseen numerous large scale industry projects that have earned him respect and recognition in the industry. All over the world gas is being used. It's fast and easy, with LivePlan. Create a great impact when you start your gas station business through our Gas Station Business Plan Template. A business plan is a compilation of financial and marketing information, services and goals. Savoy Gas station will offer the following diversified services. OGScapital website is not supported for your current browser.Please use: Document for passing government compliance requirements for immigration to the US, Canada, or the UK. Sorry that something went wrong, repeat again! What are the Requirements to Become a Mortician? Your business plan should also include the legal steps needed to start and operate a gas station. It is a money spinning business because of the viability of the trade. Business Rations, Business Net Worth and Ratio Analysis for Savoy gas station have been show below. The oil and gas industry in general is hugely affected by environmental and political events such as wars and rumors of wars, etc. The major products of a gas station include the gasoline and the diesel that accounts for the majority of the revenue that is generated from the gas station. Based on market research and findings, the business is targeting the following customers for inclusion in its gas station marketing plan. For Savoy Gas station to be successful, a comprehensive market analysis was carried out to pinpoint areas of focus that will drive business development. However, there are a few ways you can distinguish your fuel station. Start planning. Watch competitors' prices carefully, and always match or slightly beat the lowest price. The only way to succeed is to have a solid marketing strategy for your gas station and form strategic partnerships. Opening a gas station requires great innovation in service delivery. Obtaining licenses, approval and permit to run a filling station is where the major problem lies. Contact our Gas Station consultants today to develop your Gas Station business plan. Success in this business is hugely dependent of adequate fore-planning and preparedness. The gas station business will continue to blossom because people will always go to gas stations to fuel their vehicles, purchase kerosene and cooking gas or any other related services offered by gas stations. Come up with an exciting loyalty program to reward regular clients. Once your fuel station is up and running, you can choose to expand your revenue sources by considering additional business opportunities such as: Petroleum products are commodities, thus making them quite difficult to brand. Savoy gas station will be owned and managed by Mike Wall who is a Petroleum Engineer. So it is not an industry for the lily-livered. 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 statement, executive summary, your personal profile and biography, etc. Currently, commuters don’t have a well-equipped shop where they can get adequate food supplies while travelling since the nearest gas station is over 15 miles away. Given the scarcity of gas stations in the area, Savoy gas station intends to capitalize on the untapped market by setting up a fully equipped and professionally managed gas station. Are you interested in starting a gas station business? Secondly, the retail prices are strictly regulated by the government. With the wide range of services offered by the gas station, the business intends to rely on the high number of people using the highway to stop and buy food, snacks, drinks and other products at the facility. After developing a business plan, you can now proceed to raise the needed capital. 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, How Much It Cost to Build and Open a Gas Station Business, How to Write a Gas Station Business Plan [Sample Template], Encourage your customers to refer their friends and family, How to Start a Video Conferencing Equipment Rental Business in USA. This gas station business plan sample explains the strategy the gas station intends to follow to meet its targets. There is a projection of annual sales growth of between 20-25%. Savoy gas station will recover its entire startup capital after three years in operation. Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor; with a passion for sharing his knowledge with budding entrepreneurs. To catch these price-conscious customers, stay on the leading edge of gas prices in your area. Hire expert marketing firms to formulate innovative sales strategies that will be used on a continuous basis to attract customers. Noté /5: Achetez Starting A Gas Station Business: Complete Business Plan Template de Liraz, Meir: ISBN: 9798610835099 sur amazon.fr, des millions de livres livrés chez vous en 1 jour Template includes example writing and sample financials. OGScapital – Serving you with offices in the USA, the United Kingdom, and Canada. The oil and gas industry has in the recent times gone through various challenges, but it still remains one of the most lucrative business sectors. Despite the fact that the industry seems over-saturated, there is still room big enough to accommodate aspiring entrepreneurs who intend opening their own gas stations in the United States of America. 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. In addition, the business intends to sell automotive products such as oil and different types of lubricants which are essential products to car owners. The racial makeup of the town was 35.07% White, 63.56% African … Our expertise can give you the edge you need to make you stand out from the pile on an investor's and bank's desk. Mike Wall is a Petroleum Engineer who has worked for several high profile oil and gas companies across the United States. Getting an operating license to become an independent petroleum marketer is quite difficult especially in Nigeria; as you have to go through a lot of bureaucratic hurdles. or enter another. They will be responsible for hauling products for you from the depots and ensuring you have a steady supply of petroleum products. The business has focused on stocking a wide variety of foodstuffs, drinks and other products that primarily cater for household consumers. OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. Here at HJVentures, we have a great deal of Gas Station experience in working with new Gas Station companies. Mike Wall is an expert Petroleum Engineer who has had a successful career spanning over twenty five years. The band has approved the planning phase of the Gas Station. Get the Bplans newsletter: Expert business tips and advice delivered weekly. You entered an incorrect username or password. Savoy Gas station is focused on offering a professional service in line with the growing demand for well-equipped gas station facilities in Princeton, New Jersey. Why? Start your own convenience store gas station business plan. This is the only gas station within a fifteen mile radius, the demand for business and products is expected to be high. Mike has worked in various senior capacities in different organizations, as well as participated in numerous local, regional and global petroleum conferences. Two investors will also contribute to the initial business startup capital. Full business plan to start and run a gas station. Savoy gas station is keen to implement its sales strategies to achieve its targets. Noté /5: Achetez Starting A Gas Station Business: Complete Business Plan Template de Expert, Business Plan: ISBN: 9781797963044 sur amazon.fr, des millions de livres livrés chez vous en 1 jour Once you hire employees, you are good to go. Start your own convenience store gas station business plan. The business will employ the following staff to work in various departments. Using this strategy, the business intends to get a good amount of revenue considering it lies on a main interstate highway that is used by thousands of commuters on a daily basis. Create awareness of the gas station by distributing introductory letters to local residents, merchants, transport companies and other interested parties. Setting up a gas station is a capital intensive project, Running this business requires a technical know-how. Anyone looking for gasoline and diesel as well as a well-stocked food and drinks outlet is a potential customer for the business. Selling soft drinks, snacks, groceries and selected household items. When determining how much does it cost to start a gas station business, the issue of staff and their salaries has to be considered. Below is Savoy gas station’s Profit and Loss Analysis. Capitalization table Shareholders’ ownership dilution is calculated here. After considering price ranges from nearby gas stations, the business has carefully priced its products. Then I advice you read on. The following is key financial information for Savoy Gas station. Mike has worked for large and reputable international organizations in the oil and gas industry. With our gas station business plan, you will be able to analyze complex financial tables in the form of simple graphs for two years and five years. Depicted below is Savoy gas station Projected Balance Sheet that shows capital, assets, liabilities, long term assets and current liabilities. Do you want to do business in the oil and gas sector of the economy? The main focus of this new gas station will be on assessing the latent needs of the target market that are still unmet and will facilitate those customers in meeting those needs which will result in customer satisfaction. Because of the gas station’s strategic location on a main highway, services and products offered will help regular commuters, as well as long distance travellers using the interstate highway. The owner wants t… 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. 7. Start your own business plan. Before setting out to establish a gas station, you must be adequately prepared; mentally, physically and financially. Automobile engines rely on gasoline and fuel in order to operate efficiently. Savoy gas station has diversified its product range and service niche meaning the business requires staff of different expertise and backgrounds to run the business. Savoy gas station is located in an excellent location off a busy interstate highway and near a large residential area. Savoy gas station has an elaborate financial plan that will serve as the business roadmap towards attaining success. 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. Princeton, New Jersey has nearby residential households that will benefit a great deal when the gas station is set up. Local communities living around the gas station are excellent customers because the business will get steady revenue from them. A gas station (filling station or fuel station) is a place petroleum products such as DPK (Dual Purpose Kerosene), PMS (Premium Motor Spirit or Petrol), AGO (Automated Gasoline Oil or Diesel), Lubricants, etc are retailed and sold to end users such as motorists. The diagram below shows pro forma cash flow, subtotal cash received, subtotal cash from operations, subtotal cash spent on operations and subtotal cash spent. 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 products. Do you want to become an independent petroleum marketer? Examples of good locations are: One of the prerequisite for obtaining your license of operation is your certificate of incorporation and tax clearance. Allensburg's Food and Gas Executive Summary . 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 statement, executive summary, your personal profile and biography, etc. The Cedar Hill Gas Station will be a full-serve and self-serve facility that will sell gasoline, boat fuel, motor oils, lubricants, and confectionery. Currently, commuters don’t have a well-equipped shop where they can get adequate food supplies while travelling since the nearest gas station … The Gas Station Business Plan Financial Model gives a method to foresight the predictable cash flows from operations for investment and estimates the financial metrics relevant to investors and lenders. Home › Financial Model Templates › Industry Specific Financial Models › Gas Station Business Plan Financial Model Excel Template Overview As an idea for your own company, you can consider a gas station business plan — this is always of current interest, both in large and small cities. Savoy gas station intends to pay its staff the following salaries for the first three years after launching operations. After realizing there are few gas stations around Princeton area off the interstate highway, Savoy Gas has found a market it can effectively explore and provide a critical service for its customers. That’s why after the feasibility study phase, the next important phase is to write a business plan. He is credited for his professionalism and spearheading of numerous technical projects. 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. Establishing goals, and a plan to achieve them, will get your gas station off to the right start and build your success. However, this new station, which will be a franchise of Shell, will be operating a separate owner who has a different objective. Successful applicants will undergo an intensive training and induction session before the gas station opens to the public. 2 Personalized Cover Letter QUICK MART, LLC Highway 3 and Main Street A Convenience Store in 200X Stanley and Virginia Smith, Owners 123 Any Street Fortsville, Texas 55555 (512) 555-5555 (512) 123-4567 (As our services are always CONFIDENTIAL and free of charge, the names and addresses, financial information, etc. We thank you guys again for professional approach and easy communication. Mike Wall has cooperated with business startup and strategy gurus to find a creative and smart way of boosting business revenue. The world is still heavily dependent on oil, despite the campaign and increased awareness towards conservative or renewable energy. Sell your products at a competitive price, Observe loyalty programs for regular customers, Encourage your staff to be friendly with customers and build a relationship with them, Employ good looking boys and girls as pump attendants, Be honest, don’t alter or tamper with your pump meter, Choose a good, memorable name for your fuel station, Reward your loyal customers every festive season such as Christmas, Easter, etc. The following is a detailed sales strategy for Savoy gas station. If YES, here is a complete sample LPG cooking gas plant business plan template & feasibility report you can use for FREE. Start your own convenience store gas station business plan. Motorists are the key customer target included in this gas station business plan template. However, he has closely worked with financial experts to formulate a sound financial plan to support the business model. 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