Filling station business plan in nigeria conflict

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Filling station business plan in nigeria conflict

Do you want to become an independent petroleum marketer? Do you want to do business in the oil and gas sector of the economy? Then I advice you read on. The oil and gas industry is one of the biggest and lucrative industries.

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In fact, it is probably one of the most vital sectors of the economy because every other industry is dependent on its output; which are petroleum products.

This is why almost all the world billionaires and richest people own considerable investments in the oil and gas sector. Now what is a gas station? The world is still heavily dependent on oil, despite the campaign and increased awareness towards conservative or renewable energy.

Prepare yourself Before setting out to establish a gas station, you must be adequately prepared; mentally, physically and financially. The reason I say this is because the petroleum industry is strictly regulated, filled with lots of bureaucratic processes, very capital intensive and risky.

So it is not an industry for the lily-livered. Conduct feasibility study Success in this business is hugely dependent of adequate fore-planning and preparedness. So before investing a dime to erect a fuel station, it is important that you conduct a critical research.

This step will help you avoid some bottle-necks and mistakes; and invariably increase your chances of success. Prepare your business plan A business plan is very important because it is the only document that can prove to investors and your bankers that you have done your homework.

Your gas station business plan should contain everything about your proposed business such as the cost of the project, financial projections, risk sensitivity analysis, possible problems that might be encountered and how to deal with them, your management strategy, your marketing plan, mission and vision statementexecutive summaryyour personal profile and biography, etc.

To avoid misquotations and miscalculations, it is advisable you conduct feasibility research and work on your business plan alongside a business consultant or a consultant specialized in the oil and gas sector.

filling station business plan in nigeria conflict

Raise the needed capital After developing a business plan, you can now proceed to raise the needed capital. You can choose to either self finance the project, raise money from private investors or take a bank loan.

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Regardless of the route you choose to take, just make sure you know what you are doing. A gas station is location-driven. What this means in essence is that establishing your filling station in a good location will almost guarantee success; as you will likely not invest much in running advertisements.

Examples of good locations are: Commercial areas Areas or road intersections with high vehicular traffic Along major highways Industrial areas Residential areas If you are sited here, that means you will need to focus on retailing Kerosene One of the prerequisite for obtaining your license of operation is your certificate of incorporation and tax clearance.

So therefore, incorporating a company name is a must. I advice you seek the services of a lawyer or attorney. Obtain the necessary licenses and permit Obtaining licenses, approval and permit to run a filling station is where the major problem lies. Like I said earlier, the oil and gas industry is strictly regulated.

In fact, I personally know some individuals who gave up at this phase; just because of the stress involved with getting approval for their mini kerosene depot. To make the process easier, I recommend you seek the advice of an oil and gas consultant; or better still, you can talk to an already established gas station owner.

Now using Nigeria as a reference point and case study, there are about five regulatory bodies you may have to deal with in the quest to obtain your license, commence full operation and get regular supplies. Build the gas station A gas station business requires a huge amount of money for its establishment.

There is no definite amount for starting this business as the cost may vary due to factors such as location, size of station, number of fuel pumps, type of extra services offered. Now when planning for your gas station, you need to consider some costs such as: Fuel pump and dispenser Calculators They will be responsible for hauling products for you from the depots and ensuring you have a steady supply of petroleum products.Latest breaking news, including politics, crime and celebrity.

Find stories, updates and expert opinion. Do you want to Start a profitable Cooking gas plant business in Nigeria, Here’s a comprehensive feasibility study Cooking Gas (LPG) Plant Business Plan PDF with detailed information about how to start lpg filling plant in Nigeria. Petrol Filling Station Business Plan In Nigeria Feasibility Study PDF / DOC.

TABLE OF CONTENTS Petrol Filling Station Business Plan. Executive Summary 3. Petrol Filling Station Business Plan in Nigeria - This sample petrol filling station business plan in Nigeria has been written to be used to access bank loans, grant applications, business proposals, competitions, etc.

Please Read on - Petrol station is an outlet or . in Nigeria. A filling station that sells only electric energy is known as a Charging of the business.

Service Station: Establishment that sells motor fuel and also provides Two (2) original copies of Approved building plan. h. Two (2) photocopies of letter from Land & Survey. I did not expect so much love and such a response to the song.

I am not in the music business just for fame or money but I am also doing it firstly because I love music and I am able to express and motivate others through music.

Starting a Gas Station - Sample Business Plan Template | ProfitableVenture