Ever wondered about the Nayara petrol pump? If yes, keep reading on.
The Petrol Pump industry is widely regarded as one of India’s and the world’s most lucrative industries. The fundamental cause is the insatiable need in the transportation/logistics sector, as well as in the manufacturing, chemical, and other related sectors for it. Even though it is one of the most labor-intensive and bureaucratic industries in the country, it consistently ranks among the most profitable.
If you’re looking for a company that works throughout the whole hydrocarbon value chain, from production to marketing, go no further than Nayara petrol pump, a worldwide integrated downstream oil business that serves all market segments, including retail.
In this blog, we will provide you an insight into Nayara Petrol Pump owner, Narara petrol pump dealership cost, etc.,
Nayara Petrol Pump: An Introduction
Nayara petrol pump is the country’s largest independently owned petrol pump chain. Nearly all of India’s 71 thousand petrol pumps are held by state-run enterprises like Bharat Petroleum and Hindustan Petroleum. Reliance Industries and BP plc’s joint venture is second only to Nayara in the number of petrol retail locations they operate in India.
This naturally raises concerns regarding Nayara petrol pump dealership cost and the procedure to get a Nayara petrol pump dealership.
Here we detail everything you’ll need to know about opening a petrol station in India, including the legal registrations you’ll need to operate, the amount you’ll need to invest, and the land and permits you’ll need.
Eligibility Criteria to Get Naraya Petrol Pump Dealership
There are certain criteria that one has to follow to get a dealership of Nayara petrol pump:
- You must be at least 21 years old and no older than 55.
- The candidate must be a citizen of India or an NRI who has been physically present in India for more than 182 days.
- Birth certificate
- The minimum educational requirement for the General Category is 12th, whereas the SC/ST/OBC Category requires just the class 10th mark sheet.
- The candidate for a petrol station in a metropolitan region should be at least a college graduate.
- Freedom fighters in the CC2 category are exempt from the minimum education requirement.
- For dealerships in rural locations, a minimum investment of Rs. 12 – Rs. 15 lakhs is required (If the land is self-owned)
- Dealerships in urban locations need a maximum expenditure of between Rs 20 and Rs 25 million (If the land is self-owned)
- Areas that are off-limits to businesses should not be considered viable options.
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Who is the Owner of Naraya Energy?
Currently, Tony Fountain serves as the executive chairman of Nayara Energy. About 25 years ago, he worked in a wide range of capacities for British Petroleum before joining Nayara Energy.
He often emphasizes the fact that after paying Nayara petrol pump franchise cost, you can expect a profitable income.
Nayara Petrol Pump Dealership Cost
Nayara petrol pump owner has to pay the following charges for gaining a Nayara petrol pump dealership:
- Naraya petrol pump franchise cost for rural area: 70 lakhs
- For a town: 80-90 lakhs
- For Highways: 1 Crore
Demands for a Nayara Energy Petrol Pump Franchise
Along with the Naraya petrol pump franchise cost, one has to satisfy the following areas:
1. Required Area
Different properties may have varying size requirements, depending on the nature of the proposed store. In most cases, the land area has to be more than 800 square meters in size.
2. The Selection Process for Nayara Petrol Pump Dealership
The potential economic value of the land is assessed by Nayara Energy. The candidate’s business and financial acumen will also be evaluated. Nayara Energy needs access to your personal information and property records.
Once it has been established that both the applicant and the land are appropriate, a Letter of Appointment (LOA) will be granted.
3. Authorizations/Licenses Needed
Each state’s list might be somewhat different: Obtaining the necessary permissions for the NA (Non-Agricultural) status change may need a No Objection Certificate (NOC) from the District Collector, a Police Commissioner’s No Objection Certificate, clearance from the Public Works Department, the Electricity Board, the Gram Panchayat, etc.
New Hampshire State Road Final CCOE Permit (National Highway). While selling at retail in wooded areas, a Weights and Measures stamp may be necessary.
Essential Papers for the Nayara Petrol Pump:
- An Expression of Interest Application (EOI)
- The layout of the Premises
- Images from the site
- Legal instruments pertaining to real property, such as deeds, land leases, and land agreement
- ITR returns for the past 3 years
- PAN Card
- Two passport-size photographs
- Financial records
- Demand Draft (Rs 3 lac)
Instructions for Obtaining a Nayara Petrol Pump Franchise:
You may apply for Nayara petrol pump dealership through their official website. At that location, you’ll find a form to fill out before a company representative gets in touch with you.
Is Owning a Nayara Petrol Pump dealership a Good Investment?
The dealership business model is simple to implement, highly lucrative, and guarantees a steady operational profit. rental payment per the lease agreement for your property. Return on your physical plant and building investments of 5% per year, depending on performance.
Nayara Petrol Pump on State/National Highway has a monthly net profit of Rs 3,15,000. Nayara Petrol Pump, which serves rural regions, has a monthly net profit of Rs 1,40,000. (Varies considerably depending on where you are.)
How Much Money Does Nayara Energy Make?
Nayara Energy, previously known as Essar Oil, saw its combined profit after tax (PAT) drop from Rs 2,500 crore in the fiscal year 2019-20 to only Rs 458.2 crore in the fiscal year 2020-21, a decrease of 82%. And yet, the payoff is substantial.
The average monthly profit for a petrol station owner in India is about Rs 3,58,000. It’s estimated that a commission of 3 Rupees per liter would bring in a total of 5,70,000 Rupees every month. It depends on the situation.
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We hope this blog gave you an idea about Nayara petrol pump dealership cost and the procedure to get a Naraya petrol pump dealership.
Let us know in case of any confusion.