• Gas Station Business Plan

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Gas Station Business Plan

Gas Station Business Plan helps the entrepreneur to understand, to visualize, to plan and to identify risks even before making any investments in the business. Beginning a Gas Station, just like opening any other business, takes money, planning, and time. Starting a gas station or filling plant or petroleum station as it is typically called in some parts of the world is indeed one of the means of maintaining a business portfolio in the oil and gas industry. This is for sure one business that has made a lot of people millionaires or even billionaires. It is true that working in the gas business might require loads of funds, but in the long run it sure does pay.

If you are looking to start a gas station business, the care has to be taken in deciding on the area you want to delve into. You will also be required to carry out various market researches. The business plan is one manuscript that has continued to be important. This is because it serves as a good blueprint on top which every business should be built. On the other hand, not everyone knows how to write a business plan. This is because of the technicality which is involved in the activity.

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. Gas stations offer one of three types of help to their customers: full service, minimum setting or self-service. A full service gas station has attendants who operates the pumps, often wipes the windshield, and sometimes checks the vehicle’s oil level and tire pressure, then collects payment and maybe a small tip and a least service gas station have attendants that operate the pumps. This is often required due to laws in some cities that prohibit customers from operating the pumps themselves.

The Gas Stations business over the years has undergone a modest amount of volatility. As a matter of fact, as more Americans take automobiles, the total vehicle miles increased and this gives room to grow the demand for gasoline. So also, as per capita, disposable income continued to increase, some automobile owners would want to go for premium fuel, which is priced higher than lower-octane fuel. The major breakthrough in the gas station industry came as a result of the increase in automobile ownership which can be attributed to Henry Ford when he started to sell automobiles that the middle class could afford resulted. The gas industry therefore, experienced a great boom that has continued to affect nearly all economies of the world.

The Gas Station business is indeed a very large business and pretty much growing in all the parts of the world. Statistics has it that in the United States of America only, there are about 10,719 licensed Gas Station businesses accountable for employing about 120,226employees and the business rakes in a whopping sum of $106bn annually.

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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a gas station business plan are given below:

People

A typical school business is headed by a Correspondent or an Owner. The other important roles are Gas Station Manager, Service Station Attendant, Propane Refueler, gas bar attendant, marina worker, etc.

Process

Compression of a gas, Gravity Filtration, Dewatering, Regenerated Catalyst, Separators, etc.

Systems

Gas Compressor, Submerged Pump, Storage Tank, Tank Lorry, Computer, etc.

Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:

Asian American Retailers Association
97 Sunfield Avenue Edison, NJ 08837

G.A.S. Station
Gainsborough Learning Centre (aka Hamilton Road Centre), 1 Hamilton Road, London E15 3AE, United Kingdom

Canadian Fuels Association
Peter Boag President & CEO, 1000 - 275 Slater, Ottawa, ON K1P 5H9

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