Petrol Filling Station Business plan – Nigeria as an oil hub in the whole of West Africa and by extension the whole of Africa has a hold in virtually every sector of the oil market, the reason is because Nigeria is one of the countries that the world rely on for the supply of crude which is used in the manufacturing of petrol. In Essence, Nigeria should be Advantaged in terms of production petroleum products as well as exportation of the same products, sadly, Nigeria still import petrol, this alone has made a big business out of petrol sales, with petrol stations springing up in every nook and crannies of the country.
Going by the fact that petroleum business is some sort of gold mine, our experts has decided to come up with a petrol filling station business plan, the idea is to ensure that those with the capital and capacity to thrive in the industry would have an already made sort of plan, since the business is capital intensive and you have to be sure of what you are getting into.
One good thing about this professionally written petrol filling station business plan is that it can serve other purposes apart from just being a business plan for your business. We already know that most entrepreneur who have ideas or business ideas most times do not have the adequate or required capital to begin with, now what this business plan does for you is that it can form your basis for loan application from banks, trust me, as a businessman or an entrepreneur, the best way to convince a bank that you are well and capable to repay the loan, seeing that financial projection on your business plan.
Banks understand that loan repayment is the most important aspect in a loan agreement meeting, hence the extra carefulness they exercise in issuing out loans to different individuals. The Feasibility Study can as well be used as a business proposal, to access grants from international bodies or government bodies, etc.
What Is A Petrol filling Station
I really do not know what people call it in other countries, but in Nigeria, petrol station can be described as an outlet where refined petroleum products such as Premium Motor Spirit AKA PMS, Kerosene, Cooking Gas, Automated Gas Oil AKA AGO or diesel are sold. Cooking gas and kerosene sale in most petrol station started not too long, as most station wants to cash out from the recent popularity cooking gas is getting and as most household now use gas for their cooking.
Being a country of over 180 million people, petroleum products has always been on high demand, there are no questions of the business being lucrative, analysis shows that any petrol filling station that is strategically located has the high tendency of meeting with their customers demand.
From their petrol, diesel, kerosene, cooking gas, etc. Nigerians are estimated to be consuming about 50 million litres of fuel, arguably the highest in West African, clearly explains gives the reason why the business is a money spinning machine. According a report, Nigeria has the highest number of filling stations in Africa, apart from the popular brands such as Total, AP, Oando, MRS, Texaco, Mobile, NNPC petrol station, these days we now have Enyo, Tycoon, eterna, forte oil among many other companies.
The reason for this so many petrol stations is to help meet the demand of the ever increasing and demanding customers.
Setting Up A Petrol filling Station
Like I said earlier, petrol filling station business in Nigeria is very lucrative but very expensive to set up, the business is capital intensive, hence the need to at least get a petrol filling station business plan to help you put some things in place and in an orderly procedure. On the article How to start petrol filling station business, we will talk about the steps to take in setting up your own station, here we will look closely on the things we need in order to have standard filling station;
Writing A Petrol Filling Station Business Plan in Nigeria
– How Well Do You Know The Business – The truth is that a business you know nothing about, you will definitely struggle to succeed in the business. The reason why you must at least have a written business plan is to ensure your limited resources is not wasted, and how do you know more about the business it is simply by carrying out research the viability of the business, you should at least know what it takes or cost in setting up such business, a part from researching on the viability of the business, other things which would form part of your business plan is the siting (location) of the business, a petrol filling station cannot be located in a residential area, the government will make sure of that, also research to know the rules and regulation guiding the sector you want to venture into. The result from your findings will determine if you will go ahead with the business set up.
– Register You Petrol Station Name – After your research, you must have some important information about the business, next is to bring the business into live, by getting a name and registering the business name. By registering your business name, it becomes a legal entity and the right to do business legally is conferred on it. Business registration in this regard is done by Corporate Affairs Commission (CAC) Nigeria. Also there are bodies responsible for the licensing as well as approving of filling station in the country, government agencies such as Department Of Petroleum Resources (DPR), Nigeria national Petroleum Corporation (NNPC), Petroleum Price Regulatory Agency (PPPRA) etc. Note, that every business in Nigeria operate under one or two associations, the essence is to protect the interest of the business against being exploited by the customers or the authority, examples of these petroleum association are Independent petroleum Marketers Association of Nigeria (IPMAN) and then National Union of Petroleum and Gas Workers (NUPENG).
Cost Of Setting Up A Petrol filling Station In Nigeria
On your petrol filling station business plan, you can add your financial projection going by the research you must have done, however, most times, prices fluctuate, that is why most of the prices you get are mainly estimated prices. Things to budget for includes, employees salaries, cost of purchasing petroleum products, cost of building the petrol station, buying of fuel pumping machines, building a storage facility and also the cost of transporting the products, cost of fencing the fuel station as it is mandatory to do etc.
At the end of the day an estimated price for setting up a petrol station business in Nigeria will be in the range between N300 million to N500 million, this is basically dependent on the location where the filling station will be sited and also the size of the proposed filling station.
Hurry Now! Get the Complete Petrol Filling Station Business Plan (Including The Financial Projections), pay N20,000 to
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Once payment is made for the Petrol Filling Station Business Plan, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
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