Guide on How Much You Must Prepare for the Total Gas Station Franchise
TOTAL GAS STATION FRANCHISE – Here is a guide on how much you should prepare in franchising a branch of Total Gas Station.
Nowadays, the number of cars are growing rapidly which can be related to why gasoline station businesses are working well. More and more vehicles everyday avail the services of these gas stations making it a promising venture.
In the Philippines, one of the most popular gas stations is Total. Undeniably, it has already made a name and is one of the trusted stations in the country. It can be an excellent brand for franchising.
Based on an article on Pinoy Moneytalk, the Total Gas Station franchise is open under two(2) options – Company Owned-Dealer Operated Scheme (CODO) and Dealer Owned-Dealer Operated Scheme (DODO).
Here is a guide regarding the CODO and DODO and how much you should prepare under each of them.
Company Owned-Dealer Operated Scheme (CODO)
Under the CODO, the company will appoint a franchisee that will be the dealer of a station but the said station’s ownership remains with the company.
According to the article, under the CODO, the franchisee should prepare at least Php 3.5 million for the working capital. It is the minimum investment cost and the maximumk wo
Dealer Owned-Dealer Operated Scheme (DODO)
Under the DODO, Total and the franchisee are co-investors in the construction and development of a gas station. It may take four(4) months since the completion of all the required documents in putting up a business based on the article.
With regards to the amount that the franchisee must prepare for this Total Gas Station franchise, it should not fall below Php 5 million for the construction. Aside from it, the franchisee must also prepare at least Php 2.5 million for the working capital.
The following are included in franchising a Total Gas Station:
- Marketing Support
- Broad Premium Quality product and package range with continual development
- Product Knowledge advice
- Dealer update meetings and councils
- Personnel management advice and training
- Technical and Engineering Support
- Specialist Merchandising and Product placement
- Safety, Environment and Occupational Health Advice
- Financial/Management/Business planning and site improvement advice
- Assistance in forecourt service crew and standards training
To apply for the gas station’s franchise, based on the article, you may send a letter to the following address to inform them about your purpose.
The Vice President for Retail Total (Philippines)
7th Floor, 11th Corporate Center
11th Avenue corner Triangle Drive,
North Bonifacio Bonifacio Global City,
1634 Taguig City Philippines
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.