How can I take Reliance petrol pump dealership?
The total investment that a persons need to contribute to setting up a Reliance Petrol Pump Dealership Franchise in your city is Rs. 50-70 lacs excluding land cost. RIL also takes Rs. 23,50,000 as a security deposit which is refundable.
What is the commission of Reliance petrol pump dealership?
Reliance Petrol Pump Dealer Commission Approximately as per sales, the Reliance petrol pump made a commission of 20/30 paise per litre. It is paid based on your total monthly volume.
How can I get Reliance gas connection?
Buy LPG connection from authorised Reliance Gas distributors. Please check the company seal and safety cap….In case of LEAKAGE of gas:
- Place the safety cap on cylinder valve immediately and take it to the isolated place.
- Open all doors and windows for ventilation.
- Call your DO or Fire Emergency Number 101.
How can I get Reliance Petrol Pump Dealer Quora?
Minimum investment of Rs 15 lakh or more required to obtain dealership in rural areas. Minimum investment of Rs 2 crore or more to obtain dealership in urban areas. The chosen business location should not fall under excluded or blacklisted zones.
Is petrol pump dealership profitable?
How to Start a Petrol Pump Business? On average, a petrol bunk business owner or dealer earns a profit margin of Rs. 1.2 for every litre of petrol sold, whereas he earns Rs 1.8 for every litre of diesel. So, a petrol pump is a low-margin business, where you can generate good revenue and become profitable.
What is the process of opening a petrol pump?
Generally, the Oil Marketing Companies (OMCs)give advertisements in the newspaper or its website to set up petrol pumps at various locations in the country. Interested candidates can apply online for a license to open a petrol pump in the desired state/city/region.
How much it takes to open a petrol pump?
To start a petrol pump, the applicant must show the ability to invest a minimum of Rs. 25 lakhs in case of regular petrol pumps and Rs. 12 lakhs in case of rural petrol pumps.
Can I get loan petrol pump?
Once the petrol pump is built, a steady flow of working capital is also necessary to pay wages, restock fuel, logistics and other general operations….How to Apply for Online Petrol Pump Business Loan through Lendingkart:
| Interest Rates | Between 15% and 27% |
|---|---|
| Loan Amount | Rs. 50,000 – Rs. 2 crores |
How much can I earn from a petrol pump?
How much money does petrol pump owner make in India?
| PARTICULARS | Total |
|---|---|
| Net profit | Rs 3,58,000 Monthly |
| Average sales per month | 400000 Litre |
| Your commission per litre | Rs 3.0/litre |
| Gross earning | Rs 5,70,000 per month |
Is owning a petrol station profitable?
Petrol pump business has always been considered one of the leading profit making businesses, not just in India, but globally as well. Besides, the Oil Marketing Companies (OMCs) are aiming to generate more viable opportunities in order to encourage the growth of petrol pump business in India in 2020-2021.
What is the margin in petrol pump?
“The dealers’ margin for petrol and diesel has been revised. It is approximately 9% to 43% in petrol and 11% to 59% in diesel,” he said. Low volume dealers shall get maximum increase in commission in terms of percentage and paisa per litre.
What is dealer margin?
Currently, if we see the car dealership margins as per price bracket, so the dealer margin for a passenger car is up to 6.05 per cent on cars under Rs. 4 lakhs, it ranges 2.9 to 5.68 per cent on cars falling in the price bracket of Rs. 4 lakhs to Rs. 6 lakhs and for cars ranging between Rs. 6 lakhs to Rs.
How much do petrol pump owners earn UK?
Shell Retail suggests that franchisees can expect to earn between £70,000 and £90,000 per year running a cluster of up to six sites. This is based on commission from all fuel sales and income from shop and car wash sales.
Which bank gives loan for petrol pump?
Quick Working Capital for Petrol Pump Owners Capital Float offers loans of up to 300% of your monthly sales from POS machine swipes. This collateral free loan is disbursed in just 3 days and can be used to increase your scale of operations, pay your suppliers, etc.
How can I apply for MSME loan?
The process to apply for an SME/MSME loan is simple.
- Fill up the online application form of SME/MSME loan to apply.
- Submit all the relevant documents to complete the process.
- Get money in bank within 24 hours.
What is the rate of interest for business loan?
Business Loan Details
| Interest Rate | 14.00% onwards |
|---|---|
| Processing Fee | Upto 3% of loan amount |
| Loan Tenure | Upto 5 years |
| Lowest EMI per lakh | ₹ 2,327 for 5 years |
Which bank has lowest interest rate for business loan?
Banks with lowest Business Loan Rates
| Banks | Interest Rate | Loan Tenure |
|---|---|---|
| Dhan Laxmi Bank | 10.50% | 60 Months |
| Indian Overseas Bank | 11.00% | 60 Months |
| SBI | 11.20% | 48 Months |
| HDFC Bank | 11.90% | 48 Months |
What is BDC prime rate?
The prime interest rate, also known as the “prime rate,” is the interest rate commercial banks charge their most credit-worthy business customers. It is a baseline rate upon which all floating rate loans are negotiated (for example, prime + 3%).