Financial Requirements of Opening a BP Gas Station Franchise
- Liquid capital required: $700,000
- Investment: $2,500,000 – $6,600,000
- Franchise fee: $30,000
Full Answer
How much does it cost to buy a BP Connect franchise?
BP Connect Franchise Cost / Initial Investment / BP Connect Franchise. Income. 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 gas station?
Constructing a facility with underground gas tanks and reservoirs can cost more than $400,000 alone. It’s estimated that you’ll need around $700,000 in liquid capital plus a $30,000 franchise fee to open a BP franchise. The investment you make long term will likely be in the millions.
Should you franchise a BP gas station?
To franchise or not to franchise is a classic question. Sure, you can open your own gas station, but BP is a trusted name.
How many BP franchises are there in the world?
In the United Kingdom alone, the company has more than 300 franchise locations while in the United States of America, the company has more than 200 franchise locations. How Much Does BP Franchise Cost?
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How much does it cost for a BP franchise?
Facts & FiguresLiquid capital required$700,000Investment$2,500,000 - $6,600,000Franchise fee$30,000
How much does a BP franchise cost in South Africa?
In order to open an outlet, franchisees will need to spend anywhere from R250,000 to R350,000. As for the working capital requirement, the franchisor recommends an amount of R250,000 to cover the estimated start-up costs of R500,000.
Is BP Gas a franchise?
Gas Station Owners Pay The Price For BP Affiliation The anger against BP has prompted some protesters to picket in front of BP-branded gas stations. But BP sold off its retail gas business, so the 13,000 BP gas stations are generally independent franchisees.
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.
How much does it cost to buy a BP garage?
How much does it cost to franchise a BP? 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.
Is owning a petrol station profitable?
Ans- Yes, petrol pump business in India is a highly profitable sector. The commission per litre including the number of vehicles filled monthly could easily take your monthly profits up to 4 Lakh Rupees.
How much does a gas station owner make?
In general, though, you can expect your earnings to be anywhere from $35,000 to $150,000 per Million Litre Fuel Sales and convenience store sale from 18% to 25% for overall sales including cigarette and Lottery sales. Overall gas station may be 8 to 15% Cap rate, depending on location and condition of the business.
How much does it cost to set up a fuel station?
As we mentioned before, starting a gas station has a high financial entry barrier. You should expect to secure at least $300,000 to cover the following startup costs: Purchasing the location. Business insurance.
How much does it cost to start a petrol station?
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 can I own a petrol station?
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...
How do I start a petrol station?
The procedure and formalities for opening a petrol pump business in India is as follows:Eligibility Criteria for Opening a Petrol Pump in India. ... Land Requirement. ... Investment and Fees. ... Application for License. ... Obtaining Certificates. ... Obtain Business Loan for Working Capital Needs.
Who owns BP garages?
British Petroleum merged with Amoco in 1998, becoming BP Amoco plc, and acquired ARCO and Burmah Castrol in 2000, becoming BP plc in 2001....BP's headquarters in St. James's, Westminster, LondonBrandsAmoco Aral ARCO BP BP Connect CastrolServicesService stationsRevenueUS$164.19 billion (2021)19 more rows
Which franchise is most profitable in South Africa?
These are the start-up costs for opening some of the biggest franchises in the country: KFC – from R6 million. Nando's – from R7 million. Debonairs – from R2 million....Top 20 fast food franchises that make the most money in South Africa.BrandSteersRevenue (2017)R1.35 billionGrowth (from 2016)8.9%Franchises (2017)561Revenue per outletR2.4 million19 more columns•Aug 2, 2018
How much does spar franchise cost?
Start-up-costs for buying an exisiting store (40% unencumbered ) : KWIKSPAR from R5 million. SPAR from R8 million. SUPERSPAR from R10 million.
How much does it cost to open a 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 many BP Connect locations are there?
BP Connect has approximately 200 locations in nine U.S. states, and is seeking expansion in the Midwestern and Eastern regions of the country. Franchisees receive full support from the corporation, including with marketing and advertising, training and consultation, sales planning, accounting and financial assistance, and advice on product mix.
What is BP Connect?
BP Connect is a one-stop clearinghouse of all your needs on the go. The convenience store/café/filling station brand is owned by BP, the multinational British oil and gas corporation. The stores feature a sleek design and are known for having a kiosk with Internet.
What is the slogan of BP Connect?
BP Connect stores have featured the advertising slogan, ‘A Little Better Gas Station, ’ made popular by a song, LA, performed by the indie rock band Message of the Blues and featured in TV and radio ads.
Is Honey Baked Ham a franchise?
The Honey Baked Ham Company, America's first and favorite ham franchise, has been serving high quality products for over 60 years. As a retail food franchise, HoneyBaked stands out with its multiple revenue streams and simple operating requirements.
Is BP Connect a franchise?
BP Connect is listed in the Franchise Directory under the Retail category. It's also listed in the section for Franchises Under $1,000,000 .
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.
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.
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.
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.
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.
What do you know about BP Equities Franchise?
BP Equities is a well-know n private Full-Service Broker constitution which was founded by YUVRAJ A. THAKKAR in the year of 1997 at Mumbai, Maharashtra.
How does BP Equities Sub Broker Revenue Sharing work?
For the Sub Brokers of BP Equities, the revenue sharing percentage is around 60-80% out of the total profits made by the Sub Brokers. Revenue Sharing for the Partner / Remisier model is 25% of the profits.
What is the BP Equities Business Partner Security Deposit requirement?
The broking house requires Rs.50,000 – Rs.200,000 as a security deposit for the Sub Broker Program as BP Equities Franchise Cost.
What are the various Offers rolled out by BP Equities Authorised Person Program?
There are various flexible offers and benefits provided by BP Equities which helps their clients in making maximum revenues.
What are the various Supports provided to BP Equities Business Partner?
BP Equities Franchise Support work for their clients and business partners which helps in making the maximum profit to their clients as well as the company. The Sub Brokers are benefitted by proper training for dealers along with the Market support.
What is the Eligibility Criteria to Become BP Equities Partner?
BP Equities Sub Broker Eligibility Criteria must be fulfilled by every individual who is willing to start their business as a Sub Broker in this organization.
What are the various Business Models that BP Equities Sub Broker Program provides?
They do not provide Referral Program and Master Franchise Model.
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
