What is a BP franchise?
Primarily operating as an oil and gas company, BP is the sixth largest energy supplier in the world and has a turnover to match. Globally, BP has over 18,000 retail sites and is a major franchising presence in the UK, US, and South Africa. In the UK, consumer BP franchises are spread over 300 locations and 950 independently owned BP-branded sites.
How much does it cost to open BP Connect franchise in UK?
The franchise fee for a BP Connect store in the UK is approximately £20,000. On top of that, you will need to have around £800,000 in liquid investment for running costs until you become profitable. A total investment of around £2,000,000 is expected, including the high cost of real estate and your shop outfit. BP does not offer financing services.
How many oil and gas fields does bpbp operate?
BP operates more than 40 offshore oil and gas fields, four onshore terminals and a pipeline network that transports around 50%t of the oil and gas produced in the UK, according to the company.
What does BP do in the oil industry?
BP Exploration & Production Inc., a 1996 established Houston-based subsidiary, is dealing with oil exploration and production. BP Corporation North America, Inc., provides petroleum refining services as also transportation fuel, heat and light energy.
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Is BP garage a franchise?
Globally, BP has over 18,000 retail sites and is a major franchising presence in the UK, US, and South Africa. In the UK, consumer BP franchises are spread over 300 locations and 950 independently owned BP-branded sites.
How much is a BP petrol station franchise in South Africa?
Franchise fee is R2. 5M. Working Capital is R1. 5M Fuel Guarantee is R 850 000.00 ( Garage Sure or Refine – subscription ) Total Amount Required – R4M.
What is the biggest gas station franchise?
The largest gas station chain in the U.S. is Exxon Mobil, with a revenue of $285.6 billion and 71,100 employees. As of 2022, the US gas station industry has a market size of $138.3 billion. There are over 145,000 gas stations across the US.
Is franchising a gas station profitable?
Gas stations and their corresponding convenience store or food outlets rank as one of the most popular and profitable franchises in the United States. With over $400 billion in revenue every year, and more than 100,000 gas station/convenience stores operating all over the country it is clearly a popular business model.
How do I get a BP franchise?
BP Connect Franchise Cost / Initial Investment / BP Connect Franchise. The total estimated investment to open a BP Connect franchise ranges from $2.27 million to $6.67 million, including estimated real estate costs, with an estimated liquid capital available of $700,000 to $1 million. The franchise fee is $30,000.
How much does it cost to open a BP franchise?
What Does a BP ampm Franchise Cost? To buy a franchise with BP ampm, you'll need to have at least $250,000 in liquid capital and a minimum net worth of $3,000,000.
Which gas station has best franchise?
Here are the top 10 best gas station franchise businesses in the USABP Gas Station Franchise. Founded in: 1909. Franchising since: 1996. ... 7-Eleven. Founded in: 1927. Franchising since: 1964. ... Circle K. Founded in: 1951. Franchising since: 1995. ... AMPM. Founded in: 1975. Franchising since: 1979.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Is buying a gas station a good investment?
Gas stations are a great business to franchise because the demand for fuel in America is constant and not going anywhere. Our country literally runs on gas. People need to drive to work and trucks need to carry goods across country. Gas stations are a $250 billion a year industry.
Do gas stations make a lot of money?
Gas retailers receive a fraction of the price listed on the sign–their net profit per gallon is around $0.03-$0.07–after factoring in costs like labor, utilities, insurance, and credit card transaction fees. This puts the net profit margin of a gas station at less than two percent.
Why do Indians own gas stations?
They come from a clan based society. Two generations ago, a few families immigrated to the US. They worked hard, and built a life. As more members of the extended clan immigrated, the established families would help them by pooling money to buy small business'.
How much money does a 7/11 franchise make?
Now let's take a look at how much profit can you expect if you are to franchise a 7-Eleven. As posted on 7-Eleven's website, the minimum guaranteed gross income is $365,500 for Fuel stores and $399,000 for Non Fuel stores. In the first $500,000 earnings of the store, the franchisee earns 50% and 7-Eleven charges 50%.
How much does it cost to own a petrol station in South Africa?
A local petrol station business set up costs range in the region of R15 million and R100 million depending on the size and site. Further to this the operation payable to the oil company ranges between R2. 5 million and R15 million, depending on the cost to develop, projected volumes and profitability.
How much does it cost to open a petrol station?
In total, you should hold nothing less than 55 Million naira (rough estimate). This amount may be increased or reduced depending on your accessibility to materials and bargaining power.
How much do petrol station owners make?
Q: Is it profitable to own a petrol pump? Ans: As we all know, a petrol station is open 24 hours a day, seven days a week, and you may easily make a profit of 2 to 2.5 rupees per litre on petrol and ₹1.80 to 2.40 rupees per litre on diesel. The profit ranges from ₹1 to 2 lakh rupees per month.
What do you need to own a petrol station in South Africa?
Requirements to Buy a Petrol Station ExampleSelling Price of business R 5 000 000.00 net profit +- R 120,000 pm.Plus: Stock R 600 000.00.Plus Working Capital R 500 000.00.Other: e.g. Training, Licence application, etc. ... Oil company fuel guarantee R800,000.TOTAL Funding Requirement R 7 000 000.00.More items...
What company does BP own?
In March 2017, the company acquired Clean Energy's biomethane business and assets, including its production sites and existing supply contracts.
What is BP oil?
BP plc (official styling BP p.l.c., formerly The British Petroleum Company plc and BP Amoco plc) is a British multinational oil and gas company headquartered in London, England. It is one of the world's seven oil and gas " supermajors ". It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, power generation, and trading. It also has renewable energy interests in biofuels, wind power, smart grid, and solar technology .
What oil company did John Browne buy?
Under John Browne, British Petroleum acquired other oil companies, transforming BP into the third largest oil company in the world. British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998, becoming BP Amoco plc. Most Amoco stations in the United States were converted to BP's brand and corporate identity. In 2000, BP Amoco acquired Atlantic Richfield Co. (ARCO) and Burmah Castrol. Together with the acquisition of ARCO in 2000, BP became owner of a 33.5% stake in the Olympic Pipeline. Later that year, BP became an operator of the pipeline and increased its stake up to 62.5%.
How much oil does BP produce?
In 2018, BP's total production in the United States included 385,000 barrels per day (61,200 m 3 /d) of oil and 1.9 billion cubic feet per day (54 million cubic metres per day) of natural gas, and its refinery throughput was 703,000 barrels per day (111,800 m 3 /d).
How much did the oil spill cost?
In total, the oil spill cost the company more than $65 billion of cleanup costs, charges, and penalties. From 1988 to 2015, BP was responsible for 1.53% of global industrial greenhouse gas emissions. BP has set a goal to cut its greenhouse gas emissions to net-zero by 2050.
When did Burmah Oil and Royal Dutch Shell merge?
In 1927, Burmah Oil and Royal Dutch Shell formed the joint marketing company Burmah-Shell. In 1928, APOC and Shell formed the Consolidated Petroleum Company for sale and marketing in Cyprus, South Africa and Ceylon, which in 1932 followed by a joint marketing company Shell-Mex and BP in the United Kingdom.
When did British Petroleum acquire Standard Oil?
British Petroleum acquired majority control of Standard Oil of Ohio in 1978. Formerly majority state-owned, the British government privatised the company in stages between 1979 and 1987. British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000, becoming BP plc in 2001.
How can I you apply for a BP franchise or find out about BP franchises for sale in the UK?
Send an inquiry email to the investor relations department by filling in the enquiry form found on this page.
How many BP franchises are there in the UK?
In the UK, consumer BP franchises are spread over 300 locations and 950 independently owned BP-branded sites. The brand is a major job provider, too, accounting for 16,000 direct employees and branching out to create 141,800 jobs in the UK.
How much does a BP Connect franchise cost?
The franchise fee for a BP Connect store in the UK is approximately £20,000. On top of that, you will need to have around £800,000 in liquid investment for running costs until you become profitable. A total investment of around £2,000,000 is expected, including the high cost of real estate and your shop outfit. BP does not offer financing services.
What is included in the BP franchise fee?
Included in the BP franchise fee is software (both back end and point of sales), agreed-upon equipment, training for you and your staff, sales advice, health and safety recommendations, and more. You will work closely with the UK’s head office to ensure your combined investment is a success.
Why choose a BP franchise over other convenience-focused franchise options?
BP is a global player with a brand presence unrivaled by most companies. When starting out, you’ll be backed and supported by one of the biggest companies in the world.
What is BP service?
BP’s primary service is the sale of fuel via petrol stations. With 1,200 individual outlets, BP fills the tanks of five million UK cars every single week. The opportunity for businesses to generate high income via sheer foot traffic is immense. Through value-added business branches, you can generate an income of more than gas. BP Connect is a perfect example of a value add to an existing BP service station.
What is BP Connect?
A BP Connect franchise is a convenience store that sells all manner of supplies to travelers and time-strapped commuters. BP Connect stores stock food items, toiletries, emergency car supplies, and novelty items like flowers or gifts.
Why Open a BP Franchise?
Sure, you can open your own gas station, but BP is a trusted name. The company somehow managed to bounce back from the nightmare PR they received following an accident nearly a decade ago (you might have seen the movie "Deepwater Horizon"), and they have completely revamped their image into something Americans trust.
How many countries does BP operate in?
Before you even get together the money to launch a BP franchise, you need to know if BP even operates where you live. The company operates in 70 countries worldwide but doesn’t actually hit every state. If you’re in Nevada, Arizona, Montana or North Dakota, you might be totally out of luck.
What states do not require franchises?
The latter is dependent on location. States like Alabama and Alaska don’t require you to register your franchise, whereas Texas charges $25 for registration, and Rhode Island charges $600. If the state you’re in doesn’t have its own franchise laws, you automatically default to the federal laws.
How much does it cost to open a gas station?
If you don’t have a huge savings, you’re going to need investors or a business loan. It can cost $2.5 million to upward of $6.6 million to open a gas station franchise like BP, though that includes salaries of staff for the first three months, buying land and the cost of all the equipment. Constructing a facility with underground gas tanks and reservoirs can cost more than $400,000 alone.
Can you franchise BP without gas?
You can’t have a BP franchise without gasoline. You might also choose to offer BP’s lubricant range and Castrol range. Whatever you choose, it’s time to stock your business and prepare for opening. Once you have your location ready to go, you need to hire your staff.
Do franchises need a lawyer?
Franchises are heavily regulated in America. This is why you’ll need a great lawyer, and you’ll need to file the proper paperwork. These laws range from the federal franchise rules to state registration and disclosure laws.
Do you need gas to open a BP?
A BP franchise is the sort of thing that doesn’t go out of style. Yes, the price of the oil drum varies, but people will always need gas as long as they’re driving nonelectric cars.
Becoming part of the BP network is about more than just signing a basic supply agreement
alignment with a strong global brand which is recognised for its commitment to excellent financial, social and environmental performance
Being part of the network means you enjoy
alignment with a strong global brand which is recognised for its commitment to excellent financial, social and environmental performance
Overview
Operations
As of 31 December 2018 , BP had operations in 78 countries worldwide with the global headquarters in London, United Kingdom. BP operations are organized into three business segments, Upstream, Downstream, and renewables.
Since 1951, BP has annually published its Statistical Review of World Energy, which is considered an energy industry benchmark.
History
In May 1908, a group of British geologists discovered a large amount of oil at Masjed Soleyman located in the Khuzestan Province in the southwest of Persia (Iran). It was the first commercially significant find of oil in the Middle East. William Knox D'Arcy, by contract with Ali-Qoli Khan Bakhtiari, obtained permission to explore for oil for the first time in the Middle East, an event whic…
Corporate affairs
Helge Lund is chairman of BP plc board of directors with Bernard Looney as chief executive officer.
As of February 2020, the following individuals serve on the board:
• Helge Lund (chairman)
• Bernard Looney (chief executive officer)
Environmental record
Prior to 1997, BP was a member of the Global Climate Coalition, an industry organisation established to promote global warming scepticism, but withdrew in 1997, saying "the time to consider the policy dimensions of climate change is not when the link between greenhouse gases and climate change is conclusively proven, but when the possibility cannot be discounted and is taken seriously by the society of which we are part. We in BP have reached that point.". BP was d…
Violations and accidents
Citing conditions similar to those that resulted in the 2005 Texas City Refinery explosion, on 25 April 2006, the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) fined BP more than $2.4 million for unsafe operations at the company's Oregon, Ohio refinery. An OSHA inspection resulted in 32 per-instance wilful citations including locating people in vulnerable buildi…
Political influence
BP lobbied the British government to conclude a prisoner-transfer agreement which the Libyan government had wanted to secure the release of Abdelbaset al-Megrahi, the only person convicted for the 1988 Lockerbie bombing over Scotland, which killed 270 people. BP stated that it pressed for the conclusion of prisoner transfer agreement amid fears that delays would damage its "commercial interests" and disrupt its £900 million offshore drilling operations in the region, but i…
Market manipulation investigations and sanctions
The US Justice Department and the Commodity Futures Trading Commission filed charges against BP Products North America Inc. (subsidiary of BP plc) and several BP traders, alleging they conspired to raise the price of propane by seeking to corner the propane market in 2004. In 2006, one former trader pleaded guilty. In 2007, BP paid $303 million in restitution and fines as part of an agreement to defer prosecution. BP was charged with cornering and manipulating the price o…