You are not going to die with your business; neither are your investors. This is why you need to prepare an exit plan not just for yourself but also for your investors. They fail even before launching because the business was poorly planned. This reminds me of a quote from my mentor:
In fact, some sell a variety of vehicle energy products, including diesel, bio-diesel and electric charge-ups for electric vehicles.
Many gas stations also sell a limited selection of vehicle maintenance products such as oil and anti-freeze, and others sell an expanded line of maintenance products and services, including tires, vehicle repairs and performance testing.
Gas stations with attached mini-marts sell everything from food to clothing to lottery tickets, and more.
The first thing to do when planning your gas station business model is to define your product and service lines. Business Plan Preparation Step 1 Do your research. Comparison-shop at other gas stations near your proposed location. Notice what they do well and what they do poorly.
Next, find an adviser who has either owned a station in the past or currently owns one. Step 2 Start estimating your business costs and potential profits. List the various kinds of gas and vehicle maintenance supplies you intend to carry.
If you have decided on the brand of gas, the distributor should be a source of help determining potential costs and profit margins.
Include employee wages and equipment costs. If you plan to buy a franchise, the franchise company is a good source of information on costs and potential profits, particularly if you will be attaching a mini-mart.
Step 3 Check on local, state and federal licenses, permits and environmental protection laws. If you are purchasing an existing gas station, check with state and local Environmental Protection Agency authorities to determine whether there is toxic waste on the property that will need to be cleaned up.
Business Plan Development Step 1 Begin writing your business plan based on the information obtained in your research. The first section is a description of your business model. List your legal structure, ownership interests and the type of gas station, such as fuel only, fuel plus repair garage, fuel plus mini-mart or full-service.
Add brief experience biographies for yourself and any partners in the venture. Step 2 Add your revenue model in the next section. Describe how you intend to make money and what products and services you intend to offer.
Also indicate how you will compete with other local gas stations, describe seasonal differences expected in revenue production, and how you plan to maximize profits. Step 3 Add your marketing model in the next section.
Describe the demographics of your service area and how you plan to attract customers through special promotions, advertising and sponsorship of community activities. Step 4 Create a launch plan for your next section, listing the actions and time frames expected in launching and growing your gas station business.
List things that can go wrong and what you plan to do in those situations. Step 5 Finish your financial projections and add them in the last section. Hiring an accountant with gas station industry experience to help you with these projections can avoid mistakes and oversights, particularly if you will be carrying fuel and mini-mart inventories, and servicing cars.
Tip When you finish writing your business plan, read it over thoroughly and summarize the key points for your executive summary. Include the amount of money you will be investing and the amount you must obtain from investors or through bank loans.A Sample Gas Station Business Plan Template Gas Station Business Overview A gas station which also called a petrol station, filling station, fueling station, or service station is a business facility which retails gasoline (petrol), diesel and lubricants for motor vehicles.
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A business plan for a service business is different than a plan for other types of businesses. That's why a sample business plan for an accountant, insurance agent, self storage business, cleaning service, dry cleaning, travel agent or other service business will be so helpful. These, and hundreds. A business plan for a service business is different than a plan for other types of businesses. That's why a sample business plan for an accountant, insurance agent, self storage business, cleaning service, dry cleaning, travel agent or other service business will be so helpful. Apex Petroleum Corporation Service Station Business Plan Your Neighborhood Gas Station Please type or print Name Service station number Date_____ This document is to represent a projection of the first 12 months of station operations.