Bharat Petroleum Franchise In detail Gateway
When you ask around your neighborhood, ‘What is the costliest item or commodity in India currently?’, the answer that many might respond with would be ‘fuel’. We all are well aware of the hike in the price of fuel lately due to various situations. However, in contrast to the general price and demand ratio, it is only the fuel or petroleum industry that has shown a different reality as compared to the usual.
On the hike of any item, there is always a decline in the demand, however, despite a hike in the price of petroleum, the demand has remained intact throughout. This is one of the advantages of owning a petroleum business and when it comes to petroleum it is always Bharat petroleum that rings in everyone’s mind.
The name itself is familiar to almost everyone who owns a vehicle. Almost every running vehicle gets its tank full through one of the petrol pumps of Bharat Petroleum in all parts of the country. According to surveys, every petrol pump reaches almost five lakh liters of fuel, petrol, and diesel every month. Bharat Petroleum Corporation Limited (BPCL) is a Government of India-controlled Maharatna oil and gas company headquartered in Mumbai, Maharashtra. Your business does not run only on the sale of petrol, but even through diesel, and the other services that are provided under the umbrella of BPCL.
In India, there are lakhs of Vehicles that are running on the road and almost every vehicle has been a customer of one of the branches of BPCL in its lifetime, or in fact, most of the time. Although it is government-controlled and owned, Bharat Petroleum Corporation Limited has more than 14000 + petrol pumps all across the different cities and regions of India. This is a very huge number when taking into consideration the number of petrol pumps that are available as a whole in India.
Advantages of Starting Bharat Petroleum Franchise
Every Franchise outlet is started with the intent of making good profits in the long run by taking advantage of the brand value that has been developed by the brand over the years. However, apart from the above factor, there are various other factors to watch out for as well. The various advantages of starting a Bharat Petroleum Franchise are mentioned as follows.
A. The significant advantage of having a BPCL petrol pump is that it is owned and controlled by the government itself. Many times, there are various policies and factors of the government that might disturb or affect the private players in any industry and impact the scale of the business. However, being government-controlled, you as a Franchise holder have nothing to worry about any of the above-mentioned facts, instead, you are under the wing of the government itself.
B. As mentioned above, even after a hike in the price of Petrol and diesel, the demand for the same has not decreased, in fact, there has been no change at all in the graph scale. This is mainly because the urge and the necessity to run a vehicle is high among people for their routine and comfort. This is the same reason why as a Franchise unitholder, you never have to worry about a circumstance where you could be out of business because of increasing prices.
Read More: Franchise Agreement: Complete Information, Meaning, Benefits.
C. The number of vehicles on the road keeps on increasing every year, every month, in fact, every day. The more vehicles that run on the road, the more sales you incur as a petrol pump owner. Apart from petrol and diesel, you can also provide various services that come along with the BPCL franchise, this becomes another source of revenue that you can take advantage of in your petrol pump.
D. Lastly, being backed by the government itself as well as the huge and long-standing brand name of Bharat Petroleum Corporation Limited, you have a great advantage. All it needs for a Franchise unitholder to ensure good profits is to find a good location for the petrol pump. Having your petrol pump at a busy location, or near a highway can ensure you a great demand for vehicles and ultimately good business.
Investment in Starting BPCL Franchise
BPCL provides two different types of franchises or dealerships as per the location in which the interested or potential candidate plans to have the petrol pump opened. If it is a regular location in the urban areas, then the dealership or Franchise cost for the same is around 25 Lakhs INR. If it is within a rural area where the petrol pump is to be set up, then the investment goes around 12 Lakhs INR. There might be additional expenses that may be disclosed after getting in touch with their representatives.
Read More: How To Choose The Right Franchise?
Requirements for Starting BPCL Franchise
As it is a government-controlled company, you are required to meet certain eligibility criteria to be qualified enough to have a petrol pump from BPCL. The various requirements for starting BPCL Franchise are mentioned as follows.
A. The location is most of the time set up by the company itself. However, the potential location should always be near highways and semi-urban areas or the main roads. As for the rural, it can be any important rural roads, that connect to the main network.
B. The candidate applying for the Franchise shall be elder than 21 years of age and not more than 55 years of age. The minimum qualification should be of HSC grade for candidates intending to go to urban areas and an SSC grade for a candidate in a rural area.
How to Apply for BPCL Franchise
The easiest way to apply for BPCL Franchise would be to visit their official website and scan through all the details and the licenses that would be required. You would be led to an application form which would be available in the form of a PDF. After filling out the form, you would be contacted by the representatives of the brand if you are eligible for the same. The official website of BPCL is mentioned as follows.
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FAQ’s
Which is more profitable BPCL or Reliance petrol pump?
BPCL is more profitable as per reports.
What is the license fee payable?
The license fee keeps on changing, it is best to ask the representatives of the brand itself.
Can you have employment after starting the BPCL outlet?
You cannot have employment elsewhere, as the petrol pump owner you will have to resign the other employment.
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