how much is a bp gas station franchise

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.

Why choose a BP gas station franchise?

Dealing mostly in petrochemical products and the provision of energy, BP has grown to be a trusted name in franchising in the energy sector. With British origins, the BP gas station has spread its operations across the world.

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?

What are the best gas station franchises to start in USA?

Here is the top 20 Best Gas Station Franchises you can start in USA: 7-Eleven, Inc. is the franchisor. The company belongs to Seven-Eleven Japan Co., Ltd through its parent company SEJ Asset Management & Investment Company, ultimate parent is Japanese corporation Seven and i.

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.

Is opening a gas station profitable?

Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Across the country, there are over 100,000 gas station/convenience stores which bring a cumulative of over $400 billion revenue each year.

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.

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 a gas station cost?

The total initial cost typically runs between $250,000 to $2 million for a small gas station, although there are some less costly local chain options.

Are gas station owners rich?

“It's a popular misconception that store owners are all wealthy,” Nordman said. “Your fuel is a volume thing. You've got to sell a lot of fuel to make a little bit of money off it.” “A little” as in 15 cents a gallon on average, according to the National Association of Convenience Stores.

Is owning a gas station worth it?

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 station owners make 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.

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 is a Caltex franchise?

However, bear in mind that the minimum required investment is Php5 million. Step 8. All new franchisees are required to attend the 2-week New Retailer Training Course.

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 a Sasol franchise cost?

The 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.

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 .

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