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Petrol Filling Station Business Plan In Nigeria Feasibility Study


Petrol Filling Station Business Plan In Nigeria Feasibility Study PDF / DOC

TABLE OF CONTENTS Petrol Filling Station Business Plan 

Executive Summary 3

Business Description 4

Vision

4

Mission 4

Name of firm 4

Legal status 4

Location of  business 5

Products/services of petrol filling station business plan

5

Target market 5

Competition 5

Market Analysis 5

Market Strategies 5

Promotion strategies 6

Distribution strategies 6

Competitive Edge 6

SWOT Analysis 6

Legal, Environmental, Socio-Economic and Regulatory Issues 8

Legal 8

Environmental 8

Socio-economic 8

Regulatory 8

Risk Analysis 9

Financial Plan 11

Project cost 11

Funding requirement 12

Projected sales 12

Staff/labour requirement & cost 12

Projected Income statement 13

Projected cash flow statement 13

Projected balance sheet 14

Profitability analysis 15

Break Even Point Analysis 16

Other considerations 17

Economic justification 17

Commercial Viability 17

Conclusion/Recommendation 17

1.0  EXECUTIVE SUMMARY for petrol filling station business proposal

1.1  Company and Project

The following report and recommendation relate to Tumuno petroleum .

1.2  Project Cost

The planned project is to be fully implemented with an investment of N48, 985, 000 with a fixed capital of N32,750, 000   and a working capital of N16,235,000.

1.3  Project Location

The proposed project is to be located at  Yenogoa, Bayelsa State Because of good infrastructure and ready market. 

 1.4  Projects Capacity Utilization

This project is expected to operate at the installed plant utilization capacity of 65% at the inceptive stage, increasing to 75% and 85% in year 2 and 3 respectively.

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1.5  Market Potential

There is a ready market for the planned project. The level of demand for the service is quite high by virtue of the fact that Bayelsa is a fast growing State. The expected relationship between demand growth and supply growth for the services  

1.6  Financial Position

The financial position reveals a good liquidity and stability. The project turnover for 2015, 2016 and 2017 respectively is N158,688,000; N190,425,600; and N228,510,720. Net profit for 2015 is N3, 253,000, increasing to N4, 359,600 in 2016 and N5,717,320 in 2017. 

1.7 The funding requirement is N48, 985, 000 which is expected to come from the Federal Government as grant for the Amnesty re-integration programme.

1.8 The project competitive edge is the series of entrepreneurship training undergone under the re-integration programme as the residual knowledge of the entrepreneur.

7.0 Conclusion and Recommendation for Petrol station business plan

From the point of analysis of our finding, the proposed project/business is found to be technically feasible, financially viable and economically desirable. The project offers good investment benefit. We therefore highly recommend it for funding and implementation.

.

Business Description for filling station business plan

Filling Station is a service oriented business whose main focus is the sale or marketing of petroleum products and other petrochemical by-products for automobile, household and industrial uses. 

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The Vision

To become a major petroleum products marketer and a household name in the sub-sector in the South-South and South-East Nigeria.

The Mission: 

To provide quality petroleum products that will meet the demands of the consumers  at competitive prices continually. 

Name of firm (Please insert)

Legal status

The registration of the planned business with Corporate Affairs Commission will be undertaken as soon as fund for the implementation of the project is available to give the business a legal status. 

Location of the business & reasons

The promoter wishes to locate the business in Yenogoa, Bayelsa State because of existence of infrastructure and strategic nature of the place.

Products/services  for petrol filling station business plan / feasibility study

The main products of the planned project are petrol (PMS), diesel, engine oil, gas (AGO), kerosene and hydraulic. Services such as wheel balancing and alignment, and vulcanizing will be provided. There is also plan to have a mini mart for the sale of sundry items that may be required by travelers.

Target Market Group

Our target customers will include vehicle owners, okada and keke riders, households, individuals, corporate organisations, etc.

Competition

Nigeria being a mono economic country, the petroleum sub-sector is highly competitive.  Every economic activity is propelled more or less by the petroleum sub-sector. This sub-sector experiences new entrants on a constant basis.  The promoter is well aware of the level of competition and will compete through excellent service delivery and product availability.

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TO GET THE COMPLETE FUEL RETAIL BUSINESS PLAN & FEASIBILITY REPORT (INCLUDING THE FINANCIAL PROJECTIONS AND ALL). Pay N30,000 to

GTBank (Guaranty Trust Bank)

Account Name – Chudi-Oji Chukwuka

Account No – 0044157183

After payment text your names, your e-mail address and what you paid for to 08060565721 and you’ll receive your PETROL FILLING STATION BUSINESS PLAN FEASIBILITY STUDY PROPOSAL.


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