On the Run gas stations offer fresh snacks, quick lunch options, health and beauty supplies, and more in addition to the standard convenience store products and petrol.
A total investment fee of $50,000 is required, with $100,000 in liquid assets.
Shell
Shell is one of the most well-known petroleum companies in the world. Shell offers a network of strategically situated local service stations in the United States that provide convenience retailing as well as a selection of gasoline products.
Shell provides franchise opportunities to qualified individuals. Successful candidates must have at least 10% of the total capital required for investment in unencumbered cash. Franchisees might seek financial institutions to obtain a loan for the funding.
Extra Mile
ExtraMile’s convenience store and petrol station combination includes the well-known Chevron gasoline brand as well as retail food outlets. ExtraMile is a franchise business that was founded in 2007 and has now grown to over 200 locations.
Chevron Corporation provides support to ExtraMile franchisees in the areas of training, advertising, continuous business guidance, and mechanization. The overall cost of purchasing and operating an ExtraMile station franchise is estimated to be between $1.5 and $2.5 million.
If you have the passion, commitment, motivation, and financial resources, being a gas station franchisee with one of the following franchise firms could be a lucrative business investment.
What is the cost of starting a Shell franchise?
Dash In founded its first store in Laurel, Maryland, in 1979. It is currently found in over 60 areas in Maryland, Delaware, and Virginia in the United States.
Dash In is looking for franchise partners with a strong financial foundation, a desire to develop, and strong networking abilities.
On the Run
TMC Franchise Corporation, a subsidiary of Alimentation Couche-Tard, a Canadian convenience store corporation, franchises On the Run convenience stores in the United States. Mobil developed the original brand convenience store On the Run to go along with its gas stations. After the two oil corporations combined in 2000, it became the flagship store for Exxon and Mobil stations.
The initial investment to create an On the Run store is approximately $5,00,000, with a $1,00,00 cash flow requirement.
RaceTrac
The company opened its first gas station outlets in various Georgia and Alabama regions. They currently operate over 500 stores in various areas around the United States.
The RaceTrac gas station franchise requires an upfront investment of between $1 and $1.4 million. A franchise fee of $25,000 is required.
Marathon
The headquarters of Marathon Petroleum Corporation (MPC) are in Findlay, Ohio. The corporation owns and operates the country’s largest refining system.
The cost of opening a Marathon gas station outlet, including property investment, is estimated to be roughly $2,000,000. The store’s annual operating expenditures are $250,000. Furthermore, an annual expenditure of roughly $160,000 will be necessary to purchase and stock products.
Alliance Energy Gas Station Franchise
Global Partners LP’s retail division is Alliance Energy. It’s in the Northeast of the United States. Alliance Energy is a gasoline station and convenience store network owned and controlled by the firm, as well as a gasoline distributor to leased and independently owned stations.
Alliance Energy provides dealerships the opportunity to lease gas stations at numerous sites throughout the company’s northeast territory.
Express Convenience
U.S. Oil has a retail brand called Express. It is one of the Midwest’s most well-known fuel suppliers. Since 1984, the company has been giving franchise opportunities.
Depending on the size and other criteria, the total investment necessary to open an express shop franchise is projected to be between $165 and $200,000.
Kangaroo Express
Alimentation Couche-Tard owns the Kangaroo Express convenience store chain (ACT). It is a firm that operates convenience stores in Canada. They operate over 1,500 petrol stations throughout 13 states.
Franchise possibilities are available to financially sound and deserving people.
Murphy USA
Murphy USA runs more than 1,470 retail stations under the Murphy USA and Murphy Express brands in 26 states across the United States.
To open a Murphy franchise, an estimated liquid cash investment of at least $100,000 is necessary.
Shell Gas Station Franchise
Shell is a well-known brand for petroleum products all over the world. The initial investment required to open a Shell gas station franchise is estimated to be roughly $2,000,000. You must also invest in operating and purchasing refueling inventory.
Extra Mile Gas Station Franchise
Extra Mile retail convenience outlets sell both gasoline and food goods from the well-known Chevron brand. The company was founded in 2007 and now operates over 800 convenience stores throughout California, Oregon, and Washington.
The initial investment required to open an Extra Mile convenience store and gas station franchise is projected to be between $1.5 and $2.5 million.
Quik Stop
In the year 1966, Quik Stop opened its first franchise location in Hayward, California. In the year 2018, the EG group purchased all Quik Stop shops. Quik Stop has over 100 stations, mostly in Northern California and Northern Nevada, that provide fuel and convenience store services.
Though the cost of starting a Quik Stop franchise is unknown, buying an operating business would set you back roughly $2,00,000 with an additional $1,00,000 in cash flow.
Deserving aspiring applicants are offered franchise opportunities by the company. Quik Stop franchisees get a lot of help from the franchisor when it comes to opening a gas station and marketing it.
Quik Stop is a chain of convenience stores with over 100 sites. It provides classroom training, promotional advertising, marketing support, bookkeeping, and accounting assistance to small business owners.
It goes without saying that the gas station franchise business is profitable. To be profitable and successful, however, it takes a significant investment and commitment. Opening a gas station franchise business is worth considering if you have the necessary financial resources and want to start a retail business in the oil and gas industry.
How much does it cost to open a Shell gas station in the Philippines?
The business constructs and equips the station (Shell). The dealer’s job is to run the station and place orders with Shell. The Dealer/Operator will be awarded the station based on Shell’s choice and the availability of a station.
How lucrative is it to own a gas station?
If you work in the West, you can expect to earn roughly $60,000 per year on average. The average annual salary for a gas station owner in the Midwest is $61,000, while the average annual salary for a gas station owner in the South is $66,000.
Is it profitable to franchise a gas station?
One of the most popular and profitable franchises in the United States is gas stations with their related convenience stores or food outlets. With over $400 billion in annual revenue and over 100,000 gas stations/convenience stores across the country, it’s evident that this is a popular business model. Is it, however, right for you, and how can you stand out from the crowd?
In the United States, there are two ways to open a gas station. Start your own business or join a franchise. Before you invest in a gas station franchise, be sure you understand how it works, how much money you may make, and the hazards you’ll face.
What is the most profitable franchise?
Taco Bell is the most profitable brand to own, according to the Franchise 500 ranking for 2021. The restaurant brand has been franchising for nearly six decades and is still looking for new franchisees throughout the world. They have 7,567 available apartments as of 2021.
What is the cost of a 711 franchise?
What Does it Cost to Own a 7-Eleven Franchise? To own a 7-Eleven franchise, you’ll need at least $50,000 in liquid capital and a net worth of $150,000. Franchisees can expect to invest between $37,200 to $1,635,200 in total.
What is the cost of a Jollibee franchise?
The franchise costs between Php 15 and Php 30 million. Individual entrepreneurs are the only ones who can apply for a Jollibee franchise. If a franchisee wants to start a business after receiving the franchise, he or she can do so after receiving the franchise, but he or she must hold a majority of the company. Before approval, there will be an interview procedure, during which the ROI, as well as other essential factors, will be discussed. It will be determined by the store’s revenue, investment, accessibility, and other considerations. The required lot size will be determined by the type of store to be built. It is always dependent on the franchisee’s chosen market. Jollibee will assist the franchisee with recruitment when it comes to hiring.
Is it wise to invest in petrol stations?
Because the demand for gasoline in the United States is continually expanding, purchasing a gas station is an excellent small business investment. Our economy is entirely fueled by gasoline. Goods must be transported by trucks, and individuals must drive to work.
There are about 120,000 petrol stations in our country. At more than 80% of these stations, there is a convenience store. Given the importance of gas stations, it’s clear that they’re a fantastic investment for a small business owner.
When purchasing a gas station, there are numerous legal concerns to be made. Consider the following five reasons before signing a gas station acquisition deal.
Is it true that petrol stations make money?
That means companies have a lot of leeway in passing on any cost savings from the gas they buy in bulk to drivers or not.
Station owners purchase gas on the wholesale market before selling it to you. When the wholesale price of gasoline declines rapidly, the gap between the wholesale price (with taxes) and the price at the pump widens, increasing station profits. The greater the incline, the better.
“It goes entirely against what people believe,” says Tom Kloza, the Oil Price Information Service’s leading oil analyst.
According to an OPIS review of 16,000 U.S. stations, the margin has widened to 21.7 cents per gallon this year, the highest level ever. Over the last five years, the average has been 17.1 cents. Station profitability is at its best level since 2005 in terms of percentage. Diesel sales provide even bigger profits. Kloza describes them as “off the charts.”
But, before you scream foul, keep in mind that, despite the year’s ups and downs, gas stations do not make much money selling fuel. According to the National Association of Convenience Stores, net profit for gasoline sales averages 3 cents per gallon less than one penny per litre after credit card fees and other operational costs.
When gas prices rise and drivers believe they are being overcharged, gas stations are barely making ends meet, if not losing money. When wholesale prices skyrocket, as they did in 2008, 2011, and 2012, station owners can’t raise pump prices as quickly as their costs rise or risk losing customers to competition.
When the wholesale price falls, as it is currently, there is less pressure to reduce the price.
Drivers are so ecstatic to see cheaper costs that they don’t search the entire city for the best deal. Then, when it comes time to put gas in the tank, they fill it up rather than just putting a few bucks in.
And drivers have some money left over to spend on the drinks and snacks inside, which are the most profitable for station owners.
“As pricing decreases, I don’t see people shopping (for the best deal) as much as they do when pricing increases,” Beyer adds. “At the pump, they’re still feeling relieved.”
The price of gas has plummeted due to a 45 percent drop in the global price of crude oil since early summer. The United States, Canada, and other countries are increasing oil production at a time when global demand is weak due to slow economic development.
Oil producers the exploration and production departments of huge oil firms like Exxon Mobil and Chevron, as well as companies like ConocoPhillips and Marathon Oil have seen their revenues dwindle and their stock prices plummet as a result of this.
Refiners, such as the refining divisions of major oil companies and companies that specialize in refining, such as Phillips 66 and Valero, have fared well. They gain from decreased crude prices, but they also have large fuel inventories.
The owners of gas stations, on the other hand, are ecstatic. Even if the sign out front says Exxon, BP, or Shell, the great majority of stations in the United States are operated by tiny independent entrepreneurs. CST Brands, which owns Valero and Corner Store gas stations, has seen its stock rise 25% since mid-October.
“The big inning (for gas stations), which began after Labor Day, will last through Christmas,” Kloza predicts.
