Business Plan For Petrol Station
Gas Station Business plan and strategies. Your solution for Gas Station Business. 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. Since competition can become pretty stiff, it’s important for any enterprise to come up with strategies to not only attract new customers but to keep olds one from leaving them. So before you embark on your dreams of running your very own gas station business, be sure to incorporate the following marketing strategies into your gas station business plan to help you increase customers and revenue:- 1. Create Your Own Loyalty Program. Spruce Up Your Gas Station’s Amenities.
Set Up Regular Contests for Your Customers. (Marketing Strategies) 4. Develop a Partnership With Other Establishments.
The music is simple yet extremely effective in this way; it's sort of a best of both worlds. You also want some dark, poignant, and expressive overtones and vocals? You want burly, Sabbath-y doom riffing? Solitude aeturnus through the darkest hour rar. The band delivers this set of badass metal musicianship and dark emotion through a proverbial stockpile of some of the best doom riffs you'll ever hear and their secret weapon: Robert Lowe. You've got those too.
Keep Your Pricing Fair. Online Marketing Strategies The Internet has become the new medium of marketing products and services, with TV, radio, and print, almost taking a backseat. So for those who have passed the stage on wondering how to buy a gas station business and are now managing their own gas station franchise, it’s important to look into this medium to help you market your company better. To get you started, here are some of the things you could consider incorporating into your gas station business plan to help you establish yourself online:- 1. Create Your Own Website. Take Advantage of Email Marketing. Use Social Media.
Gasstationbusiness101.com offers many franchise opportunities. Learn more about Gas Station Franchise and how to buy a Gas Station Business. WRITING A BUSINESS PLAN To consider financing, Business Partners requires a comprehensive and well -motivated business plan from which a thorough.
(Online Marketing Strategies) 4. Tap Into Local Listings Websites. Interact With Your Customers Online by Blogging.
8 Step Due Diligence Gas Station Business Checklist:- The key point in deciding which Gas Station Business or Convenience Store Business to buy boils down to one point and one point only and it is the very important century old questions all perspective business owners have asked for hundreds of years “ does this one make money?” You are going to have sent out a letter of intent and you have a formal agreement in the works between yourself and the seller of a property. It is your job, before you sign on any dotted line, to undertake some very important due diligence. According to most expert real estate investors, you are going to need to follow this Due Diligence Gas Station Checklist before you go ahead and accept a sale:-. Due Diligence Gas Station Business Checklist 1. Assume nothing about the property, particularly about its value. Ensure that you hire a qualified building inspector and a qualified land inspector.
Secure an inventory list from the seller and be sure to go through the building and double-check that all of the items listed are in fact in place. Review all contracts presented to you by the seller or any other party involved in the deal. Instigate a certified property survey or request to receive a copy of a recent certified property survey.
With the help of your lawyer and real estate broker – or any other contact you deem appropriate – verify that the title for the property in question is valid. Verify all liens and debts pertinent to the property. Establish a time table and checklist to ensure that you and your team have gone through all the appropriate steps to ensure that the deal you enter into is going to be valid. Gas Station Business Plan (Five Things Your Gas Station Business Plan Should Contain):-.
List the Products and Services Your Gas Station Will Offer. Set the Organization and Management of Your Gas Station. Map Out Your Advertising Strategies.
Forecast Your Required Manpower. Determine a Budget For Insurance, Taxes, and Other Expenses. Branding Your Gas Station Business Branded or Unbranded Gasoline – Which Way Should You Go?. Branded or unbranded – choosing between the two isn’t just a dilemma limited to food and clothes. This also applies to those who are interested in getting a gas station franchise.
See, aside from having enough money, the technical know-how, and the management skills to run this gas station business, you also have to determine what type of fuel you’ll be selling and so the question of branding your gas station business comes to mind. here are some of the pros and cons you can expect to see from each gasoline type:-. Branded Fuel:- 1.
Branded fuel has a reputation of being reliable and of quality. They contain fuel additives which help improve the performance of a vehicle. Branded fuel is trusted by car owners so as someone planning to run a station, you’re bound to attract a lot of customers and generate revenue. Unbranded Fuel:- 1. Unbranded gasoline is cheaper than branded fuel giving you value for your money. However, despite being cheap, since the brand isn’t familiar, expect people to think twice before they try your fuel. Unbranded gasoline won’t require you to adhere to strict maintenance regulations.
Companies selling unbranded fuel won’t force you to get into a contract with them. Thanks for watching!:D. These were some basic tips about Gas Station Business plan and strategies.:) If you wish to know more about Gas Station Business franchise, please visit our site:.
http://www.gasstationbusiness101.com/.
Business Plan For Petrol Station
Free Gas Station Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.
This free business plan demonstration purposes only. If you are interested in purchasing the completed editable MS Word and Excel documents for this business plan, please click the button below! Also, the text of the business plan is formatted with a fully automated table of contents.
It should be noted that there is no special software required to use these templates. All business plans come in Microsoft Word and Microsoft Excel format. Each business plan features:. Excecutive Summary. Company and Financing Summary. Products and Services Overview. Strategic Analysis with current research!.
Marketing Plan. Personnel Plan. 3 Year Advanced Financial Plan.
Expanded Financial Plan with Monthly Financials. FREE 30 Page Sample Private Placement Memorandum. FREE PowerPoint Presentation for Banks, Investors, or Grant Companies! 1.0 Executive Summary The purpose of this business plan is to raise $750,000 for the development of a gas station and convenience store while showcasing the expected financials and operations over the next three years. The Gas Station, Inc.
(“the Company”) is a New York based corporation that will provide dispensing of gasoline/diesel fuel as well as convenience store items to customers in its targeted market. The Company was founded in 2009 by John Doe. 1.1 Products and Services Through the Gas Station’s retail location (where most profits are realized), the store will provide an expansive variety of food, beverage products, packaged food goods, bottled beverages, and ancillary merchandise such as toiletries, automotive products, and other small life essentials.
A vast majority of the revenues (not the profits) will from the sale of gasoline products and diesel fuel. The third section of the business plan will further describe the services offered by the Gas Station. 1.2 The Financing Mr. Doe is seeking to raise $750,000 from as a bank loan. The interest rate and loan agreement are to be further discussed during negotiation.
This business plan assumes that the business will receive a 10 year loan with a 9% fixed interest rate. 1.3 Mission Statement The Gas Station’s mission is to become the recognized local leader in its targeted market for convenience store products and gasoline dispensing services. 1.4 Mangement Team The Company was founded by John Doe.
Doe has more than 10 years of experience in the retail management industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. 1.5 Sales Forecasts Mr. Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
1.6 Expansion Plan The Founder expects that the business will aggressively expand during the first three years of operation. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. 2.0 Company and Financing Summary 2.1 Registered Name and Corporate Structure Gas Station, Inc. The Company is registered as a corporation in the State of New York. 2.2 Required Funds At this time, the Gas Station requires $750,000 of debt funds.
Below is a breakdown of how these funds will be used: 2.3 Investor Equity Mr. Doe is not seeking an investment from a third party at this time. 2.4 Management Equity John Doe owns 100% of the Gas Station, Inc. 2.5 Exit Strategy If the business is very successful, Mr. Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Gas Station. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
3.0 Products and Services Below is a description of the products offered by the Gas Station. 3.1 Gasoline Sales Management expects to sell more than 320,000 gallons of fuel per month to motorists within the target market area. This is by far the largest revenue center for the business, but it does not generate an overwhelming amount of profit. The Company will use the gas sales as a primary vehicle for bringing people into the convenience store. 3.2 Food, Beverage, Merchandise Sales The primary profit center of the Gas Station will be the retail sale of packaged food items, prepared food items, beverages (sodas, coffees, and bottled beverages), as well as other merchandise such as small toiletries, ancillary automotive merchandise (oil, fluids, ice scrapers, air fresheners, etc). The Company will offer an expansive number of these items throughout the location.
On each item sold, the business generates approximately 40 cents of operating income. 4.0 Strategic and Market Analysis 4.1 Economic Outlook This section of the analysis will detail the economic climate, the gas station industry, the customer profile, and the competition that the business will face as it progresses through its business operations. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid-2009, at which point the economy will begin a prolonged recovery period. 4.2 Industry Analysis The gas station industry research is available with the full purchase of the business plan.
Business Plan For Petrol Station In South Africa
4.3 Customer Profile In this section of the analysis, you should describe the type of customer you are seeking to acquire. These traits include income size, type of business/occupation; how far away from your business is to your customer, and what the customer is looking for. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc. 4.4 Competitive Analysis This is one of the sections of the business plan that you must write completely on your own. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages.
If there are a number of competitors in the same industry (meaning that it is not feasible to describe each one) then showcase the number of businesses that compete with you, and why your business will provide customers with service/products that are of better quality or less expensive than your competition. 5.0 Marketing Plan The Gas Station intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business in its targeted market. Below is an overview of the marketing strategies and objectives of the Gas Station. 5.1 Marketing Objectives.Regularly offer discounts on convenience store items to further drive sales.Acquire a highly visible location from which the Gas Station can conduct business operations. 5.2 Marketing Strategies Mr. Doe intends on using a number of marketing strategies that will allow the Gas Station to easily target men and women within the target market.
These strategies include traditional print advertisements, acquiring a highly visible retail location, and offering regular discounts on products sold throughout the Gas Station’s convenience store. Foremost, the Company intends to acquire a highly visible retail location from which is can sell its gasoline and convenience store products. As gas stations typically maintain only minimal marketing campaigns, it is imperative that Mr. Doe choose a location that will be easily seen by passers-by and motorists. Doe is currently working with a number of real estate agents to find a prime location for the Gas Station.
The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the gasoline and convenience store products that the Company is selling. 5.3 Pricing In this section, describe the pricing of your services and products. You should provide as much information as possible about your pricing as possible in this section. However, if you have hundreds of items, condense your product list categorically.
This section of the business plan should not span more than 1 page. 6.0 Organizational Plan and Personnel Summary 6.1 Corporate Organization 6.2 Organizational Budget 6.3 Management Biographies In this section of the business plan, you should write a two to four paragraph biography about your work experience, your education, and your skill set. For each owner or key employee, you should provide a brief biography in this section. 7.0 Financial Plan 7.1 Underlying Assumptions.The loan will have a 15 year term with a 9% interest rate.The Owner will acquire $750,000 of debt funds to develop the business.The Gas Station will have an annual revenue growth rate of 16% per year.
7.2 Sensitivity Analysis The Company’s revenues are moderately sensitive to changes in the general economy. The price of oil and its associated refined energy products has hit all time highs, and as such, drivers have reduced their driving to offset these high energy prices. As such, this may translate into less traffic into the Gas Station’s convenience store. However, gasoline is a necessity, and only a severe economic recession would result in a decline in the Company’s ability to maintain profitability 7.3 Source of Funds 7.4 General Assumptions 7.5 Profit and Loss Statements 7.6 Cash Flow Analysis 7.7 Balance Sheet. 7.8 General Assumptions 7.9 Business Ratios Expanded Profit and Loss Statements Expanded Cash Flow Analysis.