Do you want to start a gas station business by buying Chevron franchise? If YES, here is how much it cost to open a Chevron gas station franchise. Chevron Gas Station is a franchise of the Chevron Corporation. The Chevron Corporation is a multinational oil and gas Energy Company headquartered in the U.S. Chevron Corporation was established on the 10th day of September in the year 1879. It’s headquarter is located at San Ramon, California, U.S.A.
How Much It Cost to Open a Chevron Gas Station Franchise
- Financial Requirements
To acquire the Chevron Gas Station franchise opportunity, you’re expected to afford a liquid capital of $500,000. There is no accurate data on Chevron Gas Station franchise information, but any entrepreneur seriously willing to leverage this brand can contact the company on its website at www.chevron.com and fill out the required contact information. The cost of opening a Chevron Gas Station franchise is estimated between $1.2 million – $2.5 million.
Steps on How to Open a Chevron Gas Station Franchise
If you’re considering the idea of acquiring a Chevron Gas Station franchise, there are many things you will have to consider before signing on the agreement. First and foremost, being a Chevron franchisee is not a guarantee of success, but rather a well tested blueprint that can help you achieve success. With favorable market conditions, zeal and dedication, being a Chevron franchisee can become financially rewarding.
Acquiring a Chevron franchise is a serious commitment and works best when you make a thoughtful, educated decision. Becoming a franchisee because you like Chevron’s products or services doesn’t mean you will be able to successfully manage a Chevron franchise.
In fact, being emotionally attached to the idea of becoming a Chevron franchisee is not a state of mind in which you can effectively evaluate an opportunity. Also, your positive experience as a customer of Chevron should not form the basis for deciding to become a franchisee.
Having a reasonable understanding of the terms related to franchising would be helpful. Carefully read the Chevron Franchise Disclosure Document (Also known as an FDD). As you are reviewing Chevron’s Franchise Disclosure Document, you will have a number of calls with Chevron’s franchise team before you will be allowed to call Chevron franchisees.
When you are allowed to call Chevron franchisees, make sure you speak to at least five to eight franchisees. You will find that most Chevron franchisees will be honest and unbiased about Chevron.
Chevron are always known to be good neighbors in the community where the company opens franchises, and they have contributed immensely especially in developing countries to send kids to school, helping entrepreneurs open businesses, and aiding in medical advances.
Although Chevron is financially capable of ensuring the success of every of its franchise, information as to how much a Chevron Gas Station franchise makes is not known. However, the amount of profit a gas station franchise makes is not always dependent on the franchise brand, but more of the location of the gas station franchise.
What You Must Know About Chevron Franchise
Chevron Corporation is a predecessor corporation of the Standard Oil of California and Gulf Oil. Standard Oil California and Gulf Oil merged in 1984 to form the Chevron Corporation. The Chevron Corporation has over 61,500 employees worldwide with more than 5,000 employees as service station employees.
Chevron Corporation products are mostly natural gas, petrochemicals, and petroleum. The company has its operation in the upstream and downstream sectors of the oil and gas industry.
The upstream operations include large oil and gas exploration and production activities in Nigeria, US, Kazakhstan, Angola, and Australia. While it’s downstream operation include the manufacture and sale of petroleum products such as additives, fuels, petrochemicals, and lubricants. This is the part where the Chevron Gas Station franchise excels.
Chevron Gas Station boasts of over 19,550 retail outlets across 84 countries in the world. The Chevron Corporation is quoted on the New York Stock Exchange with CVX as it symbol, and is also part of the Dow Jones Industrial Average Component, the Standard & Poor’s 100 Component, and the Standard and Poor’s 500 Component. The parent company, Chevron Corporation started franchising in 2007.
Through its extra-mile convenience stores and gas station franchises, the company has a combined location of over 228 units all owned by its gas station franchisees. Chevron’s ExtraMile convenience store/gas station stores combines the world- class Chevron gasoline brand with retail food outlets that answer all customers’ road needs in one stop. ExtraMile franchisees receive assistance from Chevron Corporation in the areas of merchandising, training, advertising and ongoing business advice and support.