how much is a petron franchise

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How much is the Petron franchise in the Philippines?

To start your Petron franchise, you need to have your own lot to build your gas station on, as well as a total investment cost of P1 million to P2. 5 million, exclusive of a cash bond of P100,000. Once you're done, expect your fortune to trickle like black gold.

How much does it cost to open a gas station in the Philippines?

Station is built and equipped by the company (Shell). Dealer's role is to operate the station and order products from Shell. However, awarding of the station to the Dealer/Operator will be dependent on Shell's decision & availability of a station. Able to invest average Php 5-8 Million initial capital for a station.

How do I open Petron?

The first step is to fill out our Dealer Application Form. Next is to write a letter of intent and submit it together with other documents. When all your documents are complete, submit your application to our offices.

How much does a franchise cost?

Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.

How much is a Caltex franchise?

Franchise Details: Facilities and Equipment Cost : P5 M – P7 Million. Operating Capital : P2 M – P3 M. Retailer Agreement Term : 5 years, renewable. Lot Lease Agreement : Secured term of 10 years (minimum)

Is it good to invest in gas station?

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.

How much does it cost to start a Petron station?

How much do I need to invest? The average cost required for investment is RM 3-4 million for building, facilities and equipment, and RM 550,000 as working capital (including cash security). The amount may vary depending on the size and location of the service station.

How do I invest in Petron gas station?

Steps to Apply for Petron Bulilit Station FranchiseDealer Application to be submitted to the Regional Office for processing.Evaluation against criteria.Proposed lot suitable for service station operation.Financial soundness and vulnerability check.Site for approval of District Manager.Training:

How much is Inasal franchise?

INVESTMENT DETAILSItemsDetailsRoyalty Fee5%Advertising Fee3%System Enrollment FeePhp 1,200,000.00Estimated Capital InvestmentPhp 15 to 22 Million2 more rows

What franchise is the most profitable?

Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.

What is Starbucks franchise fee?

What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.

What does a KFC franchise cost?

For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.

How much do gas station owners make Philippines?

Estimated gross daily sales: P100,000. Estimated net daily income (assuming you earn P20 for every P100 of gas): P20,000. Estimated net monthly income: P100,000 (20,000 x 30 days less monthly expenses of 500,000)

How do I open a gas station in the Philippines?

Application Process:Downloaded Dealership Application Form.Letter of Intent (includes complete name, home/office address, contact information, and address of proposed lot)Lot Plan.Vicinity Map.Transfer Certificate of Title (TCT)

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.

Is owning a gas station profitable?

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 long is a Petron dealer contract?

Petron station dealers sign a dealership contract covering a minimum period of three (3) years. The contract is renewable for additional three-year periods based on the performance of the dealer. Petron offers 3 dealership options:

What is Petron Corporation?

About Petron. Petron Corporation is the largest oil refining and marketing company in the Philippines, supplying nearly 40% of the country’s oil requirements. Petron operates an integrated crude oil refinery and petrochemicals complex with a rated capacity of 180,000 barrels per day in Limay, Bataan.

What does Petron supply?

Through this vast distribution network, the company supplies fuel oil, diesel, and LPG to various industrial customers. Petron also supplies jet fuel at key airports for international and domestic carriers. Petron is the local refinery with the largest retail network, having more than 1,900 service stations all around the Philippines.

How many Petron stations are there in the Philippines?

Petron is the local refinery with the largest retail network, having more than 1,900 service stations all around the Philippines.

What is a company owned service station?

1. Company-owned service stations (COSS) These are stations built, equipped and maintained by the company on either company-owned or leased lots. They usually have complete station facilities such as driveway, salesroom, service bays and convenience facilitates.

Does Petron need to follow up applications?

6. Petron shall only process applications forms duly filled-up and with complete attachments. There is no need to follow-up applications as all applicants shall be informed of their status.

About Petron Franchise

Petron can have its roots traced back to 1933 when two companies merged to form Stanvac. However, it was only in 1988 when the company was renamed to its current tradename of Petron Corporation.

How to Become a Petron Dealer?

There are two known process dealers need to undergo to become an official Petron Dealer, which are as follows:

Petron Franchise Steps of Application Process

Gather all of the required documents and submit them to the office of Petron. This is considering that you already own or lease a lot appropriate to the area requirement of Petron. The following are the documents needed but not limited to:

About Petron Gasul Franchise

Petron Gasul is the largest oil company in the Philippines and has always remained on top in terms of market share. When you think about LPG, Gasul is always top of mind.

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What is a Petron Bulilit station?

The Petron Bulilit Station is an excellent alternative for those who want to franchise a gas station with just two or three product pumps. But if you want to own the regular gas station with many products to offer, then the Petron Gas and Service Station is for you. With Petron supplying 40% of the fuel needs in the Philippines, ...

Why do franchises have to be screened?

Because the company does have a reputation to keep, it also screens all franchise applicants thoroughly to ensure that they meet the brand’s criteria. Prospective dealers need to possess a certain level of experience to be considered – and must also pass the eligibility criteria.

How to become a franchise dealer?

Prospective dealers should meet the following criteria: 1 Have money for the franchise investment amounting to Php1 million to Php9 million, depending on what type of station you are planning to franchise. 2 Has a clean record 3 Can dedicate most of his/her time in running the franchised station 4 Must have the drive to be the number one in the trading area, not just to operate a service station 5 Should be willing to undergo a 4-week dealer management course 6 Should not be an owner of another Petron station or any other oil company.

How long is a Petron dealer contract?

Dealership Information. Contract with Petron covers a minimum of three (3) years. It must be renewable for another three-year period based on the performance of the dealers. The contract dealership is not transferable to anyone succession of a rank, assignment, sale, etc. Petron only has the right to do it.

Why is Petron important?

It is the main reason why Petron wants to reach every town especially those rural areas .

What is a Petron Bulilit station?

Petron Bulilit Station is a small version of Petron gas station . It only has two or three product pumps that have the same retail operations that buy, store, and resell Petron’s petroleum products such as lubricants, fuel, LPG, and other specialty products. The cost of investment for Micro Filling Station is not high because the company will shoulder the cost of signage and equipment, while the dealer invests in the station’s construction cost.

How long is the Dealer Management Course at Petron?

Enroll in a four week Dealer Management Course (DMC) offered by Petron Corporation, to be held in Petron Training School.

Is a gasoline station a good investment?

A gasoline station can be a good investment if it is in a good location and has a great marketing strategy. Customer satisfaction is also part of the business. Individuals who are not just passionate and hard-working, but are also friendly and service-oriented must the perfect partner and investor for this business.

How long is a Petron dealership contract?

The dealership contract with Petron covers a minimum period of three (3) years. This contract is renewable for another three-year period based on the dealer’s performance. However, the dealer is not allowed to transfer the dealership to anyone by succession, assignment, sale, etc. Such right rests only with Petron.

How to apply for a Petron dealer?

1. Screening: Fill out the Dealership Application Form and then, write a letter of intent and submit it with other required documents. When all documents are complete, the application shall be submitted to Petron offices. Upon receipt, the company will review the documents submitted and assess the proposed site. The applicant will be advised of the application status as soon as possible.

How to contact Petron in Luzon?

For Luzon Applicants: To: Network Expansion-Reseller Trade. Email: [email protected]. Fax: (02) 884-0950 or (02) 884-0940.

How long is the Petron Dealer Management Course?

2. Training: The applicant who will pass the screening process will be endorsed to enroll in a four-week Petron Dealer Management Course (DMC). This gives the aspiring applicant to have a comprehensive training and deeper understanding of the business. DMC is conducted in the San Miguel Corp. Head Office Complex in Mandaluyong City.

Does a dealer pay monthly rental for service stations?

Further, the dealer pays a monthly rental for the service station facilities .

Is it a good time to invest in a gas station in the Philippines?

With today’s growing demand for fuel use and consumption, and with increasing numbers of cars, now may be the best time to invest in a gas station in the Philippines!

Is Petron Bulilit still a gas station?

Petron Bulilit Station is still a Petron gas station, but unlike the typically large, full-service Petron service stations, the Bulilit version only has two or three product pumps. The Bulilit Service Station is still engaged in the same retail operations – buying, storing, and reselling Petron’s petroleum products such as lubricants, fuel, LPG, ...

Where did Phoenix Petroleum start?

What started as a homegrown corporation in Davao, it started making a name for itself in the north when it built a network of retail stations. Awards recognizing the distinct Filipino efforts shown by its growth lead to this company as the country’s leading independent oil company and one of many petroleum brands trusted by Filipinos. If you want a company that will support you in your goals and earn big profits with low investment, Phoenix Petroleum won’t disappoint!

What is the largest oil company in the Philippines?

The Philippines’ largest oil refining and marketing company, Petron provides a third of the country’s oil requirements. With the largest retail network in the country of 1,900 gasoline stations nationwide, they sell their products such as gasoline, diesel, jet fuel, LPG, kerosene, and many more. It would be best not to miss this opportunity to franchise the largest local oil company as it results in a profitable future and in returns!

About Petron

Franchise Selection Criteria

• Petron requires prospective dealers to possess certain traits and level of experience before they are approved to run a Petron franchise. Specifically, these eligibility criteria require franchisees to: 1. Meet capitalization required for a given dealership (franchise investment could range from P1 Million to P9 Milliondepending on the type of stat...

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