Demand for petrol, diesel and kerosene has never been greater, and will only increase as communities outside the major urban centres continue to develop and grow. EWURA encourages investors to set up more petrol stations in remote locations.
There are only about 1760 petrol stations in the entire country and rural locations are suffering from a shortage of safe, reliable outlets. This has resulted in on-going fuel shortages and unscrupulous traders selling over-priced fuel from dangerous, unregulated sites – putting peoples’ lives at risk.
But this need not be the case. New building techniques and technologies mean that – for a modest investment – an entrepreneur or a business group can establish a viable fuel business to service the needs of their local rural communities.
Here is a quick overview of what you need to consider:
Do your research
Choose the right location, estimate how much fuel you’ll need to sell and what ratio of petrol, diesel, kerosene. Consider value adds: repairs, spare parts, drinks/snacks.
Select a reliable, reputable wholesale fuel supplier
Selecting the right fuel supplier is essential. If they can see the potential of your petrol station, they will be a great source of guidance and information. Negotiate with them about fuel prices, supply timelines, signage, and branding.
Create a Business Plan
Write a short summary of your research findings in a business plan and forecast how much you will sell over one year, two years, five years. Include all the costs – rent, maintenance, staff, taxes, etc. Banks will need this if you want a loan.
Get All Government Approvals
You can’t just open a petrol station. You must go through the appropriate application processes. It’s not difficult, but can be time consuming, so the help of a consultant will be an advantage.
Choose the best builder
Only an approved specialist builder can construct a petrol station – ZyNOX is the right choice as they have the construction knowledge and expertise, and can also advise on associated matters.
Talk to us a ZyNOX first, and we will set you on the path to a profitable and sustainable business.