Any corporation that owns and operates the gas stations is in the most lucrative business. Many people in our country believe the petroleum business yields many returns. With the rise in the number of vehicles on the road, there is an increasing demand for gas stations across the country. Every month, an Indian petrol station sells an average of 5 lakh litres of diesel and gasoline.
Essar Oil Limited is the largest publicly traded oil and gas business globally. It is now called Nayara Energy. Nayara Energy works with India’s fastest-growing retail business network and the largest private-sector gasoline retail chain. Over 4,500 active locations are owned by the corporation, which is located across India. Essar petrol pump dealership cost is nominal as compared to other petrol pumps.
Requirements to Open an Essar Oil Gas Pump Dealership in India
- Open to All Indian Nationals: Any Indian citizen who owns a suitable piece of land that Essar Oil (Nayara Energy) can lease has the opportunity to become an Essar Petrol Pump Dealer.
- Land Acquisition Options: Individuals without existing land but who have a keen interest in purchasing or leasing a suitable plot of land are also eligible to apply for an Essar Oil Petrol Pump Dealership. The acquired land can be leased back to Essar Oil (Nayara Energy) to establish the fuel station.
- These criteria collectively provide a diverse range of opportunities for individuals, whether they already own land or are willing to explore options for land acquisition to enter into a partnership with Essar Oil for the petrol pump dealership.
Land Eligibility Requirements for Essar Oil Petrol Pump Setup
- Minimal Land Requirement: The property next to the highway must be at least 1200 square meters, and the land assigned to your town must be at least 800 square meters.
- Initial preparation: The selected spot must be adequately levelled and prepared to guarantee a smooth installation of the gasoline pump.
- Lease Period: Essar Oil is obligated to lease the selected land for the retail shop for a period of 29 and 11 months, except in Rajasthan, where the lease is 19 years and 11 months, and Tamil Nadu and Maharashtra, where it is 29 years. These variations result from various regional regulatory requirements.
Profit Margins in Essar Petrol Pump Dealership Business
The Essar petrol pump dealership business offers a straightforward and profitable model, guaranteeing consistent operational profits and returns. An agreed-upon lease rental will be paid for the land during the lease period. The on-site and infrastructure development will yield a performance-based return on investment at an annual rate of 5%, as per the standardized costing model. The sales commission on actual sales is competitive compared to the industry’s existing margins.
How Much Does It Cost To Start An Essar Petrol Pump Franchise In India?
Selected bidders must pay for the Essar Oil petrol pump’s construction and operations in addition to the site cost. Investments range from ₹50 lakhs to ₹70 lakhs on average, depending on the size of the rental facility and the features and services it offers. To set up the business, franchisees can opt for a business loan for petrol pumps.
Application Fee
Essar petrol pump dealership online applications cost ₹3 lakhs. The application fee is non-refundable once an appointment has been issued. The dealership application cost may get refunded in unusual circumstances if the government authority denies statutory approval for a legitimate cause. Essar Oil will make the final decision.
What Documents Are Required To Start An Essar Petrol Pump Dealership In India?
- LOA (Letter of Appointment)
- Form of Expression of Interest
- Land Documents, such as the 7/12 extract and the sale deed
- Circle rate circular
- DD for the application
- Specific documents required to prove financial and business capability
- A sketch of the site and a photo.
License / Permission Required
To open an Essar Oil petrol station, the applicant must receive the necessary government clearances and licenses. Essar Oil will provide the necessary assistance in preparing applications in accordance with government rules and mandates. A standard set of licenses or permits is essential, as shown below.
- Non-Agricultural Conversion
- CCOE initial approval
- Forest NOC – In the case of forest land
- NOC from the District Collector, approval from the Public Works Department, approval from the Electricity Board, NOC from the Police Commissioner, and NOC from the Gram Panchayat, as required by the competent authorities
- Final CCOE License
- Retail Selling License – If applicable
- NH (National Highway) – Road permission
- Weights stamping
Essar Petrol Pump Dealership Application Procedure
Applicants who own a sufficient piece of land or are ready to invest in an Essar petrol station can apply in one of the following ways:
- By submitting an application via the company’s website.
- By emailing [email protected] the facts of the land and your contact information.
- By submitting an Expression of Interest form to the divisional office concerned.
- Simply dial 022-71321122 to reach the franchise support.
Essar Petrol Pump Dealership– Online Application
- Step 1: Click the ‘Franchisee’ option on the main page, and the link will automatically take you to a new page.
- Step 2: On the page, select “Apply Online Option.” A franchise inquiry form for Essar Oil retail outlets will be shown.
- Step 3: Fill in your name, phone number, email address, and district information. The application form will then be sent to the divisional office after clicking the “Submit” button.
Application through Essar Oil Divisional Office
- Obtain and Complete Forms: Obtain the prescribed application forms for Essar Oil retail outlets from the relevant divisional office.
- Form Submission: Complete the application forms, ensuring all details are provided in the prescribed format. Submit the forms and supporting documents to the Essar Oil divisional office.
- Partnership Note: In the case of a partnership, each partner must submit a separate application form and an individual application fee.
FAQs
How much investment is required to open an Essar Oil petrol station in India?
Aside from the cost of land, chosen candidates will be required to invest in the construction of the Essar petrol pump franchise and the day-to-day operations of the station. The typical investment cost will be between ₹50 lakhs and ₹70 lakhs, depending on the size of the retail outlet and the amenities or services offered.
What permissions are required for an Essar petrol pump franchise?
For the gas pump business to succeed, the owners must be Indian citizens. The applicant’s age must be between 21 and 55 years old, with the minimum age restriction being 21 and the maximum age limit being 55 years. A copy of your birth certificate is also required.
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