If you lack personal experience managing a gas station, find and detail the background of a manager to bring on board who knows the industry. No doubt starting a gas station is indeed capital intensive especially for aspiring entrepreneurs who may not have huge sum of money saved up in a bank.
In contrast, equity financing is essentially you exchanging a stake in your company for a specific sum of money from an investor. You could also indicate the level of experience you plan to look when hiring personnel and whether you would like to do any background checks before having them work for you.
Washes glassware and utensils after each use. Explain your rationale — for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on this legal structure.
Calculate the revenues you anticipate from the sale of fuel, automotive products and concessions in your revenue projections. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
In Progress Application for business license and permit: One thing is certain, we will ensure that in future, we open our gas stations in various cities in the United States of America and also sell our franchise.
What is a Board of Directors. Mention advertising food and beverages at the pump if you plan to sell products inside the station. In progress Creating Official Website for the Company: Human Resources and Admin Manager Responsible for overseeing the smooth running of HR and administrative tasks for the organization Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Our business concept also positioned us to attract people who like doing their shopping, washing and servicing their automobile in gas stations. So therefore, incorporating a company name is a must. Start — Up Expenditure Budget When it comes to starting a gas station business, loads of factors influences the amount that will be required to successful launch the business.
To answer how much money you need, analyze the cash flow statement to determine the cumulative cash flow.
With that our brand will be well communicated and accepted nationally. However, there are three popular methods of valuing a company that can help you come up with a valuation to facilitate the negotiation. Doe expects a strong rate of growth at the start of operations.
More than just offering gasoline, a gas station can sell other items such as food, toiletries, or medicine. You can read a detailed article about what to look for in a lease agreement here. This is a common approach in the real estate industry.
Washes glassware and utensils after each use. Ensures that the gas station meets the expected safety and health standard at all times.
List down and describe each strategy and the budget you plan to allot for the campaign. Completed Leasing of facility and construction of our gas station: Your strategy might include offering a rewards program and erecting signs to let drivers know your gas prices.
Add other business plan template service station or revenue sources Once your fuel station is up and running, you can choose to expand your revenue sources by considering additional business opportunities such as: Information you may want to include: Examples of such ways are: You could also indicate the level of experience you plan to look when hiring personnel and whether you would like to do any background checks before having them work for you.
To increase profits, you might also want to offer mechanical repairs or a car wash. Develop a sales and marketing strategy that draws customers and keeps them coming back each time they need to fill their tank. Ensure that the assigned bar area is fully equipped with tools and products needed for Mixing beverages and serving guests.
The primer below is meant only to explain the broad differences between the most common company types. They are the category of people that we intend marketing our gas station services to.
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.
Our competitive advantage is that we have a standard gas station facility that offers additional complementary services that will definitely help us attract and retain customers. The Company will maintain a sizable amount of print and traditional advertising methods within local markets to promote the gasoline and convenience store products that the Company is selling.
Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) codeGasoline Service Station, are shown for comparison.
The business plan for your gas station franchise should contain the different advertising strategies you plan to implement to market your business.
List down and describe each strategy and the budget you plan to allot for the campaign. Just choose a business plan template and download it. Open it in Word or Excel (or another program that can display the DOC or XLS format), edit it, and print your personalized business plan.
Also available: more free printables including contract templates and business forms. Create an investment-worthy business plan with our template builder.
Download into Word or PDF for free. The Pros and Cons of Downloading a Business Template; 1. Free Business Plan Template Download The marketing and sales chapter allows you to describe how you will sell your product/service.
Particularly what are your company’s. A business plan gives you a daily guide on how to run your gas station. It also comes in handy when you’re seeking financing to lease or buy a station and stock it with fuel and products.
Once. 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 statement, executive summary, your personal profile and biography, etc.Business plan template service station