Guide on the Investment Cost Under the Caltex Franchise
CALTEX FRANCHISE – Here is a guide on how much you must prepare for the investment cost in franchising Caltex Gas Station, one of the prominent fuel stations in the Philippines.
Nowadays, if you want your money to grow, you have to take a risk. The risk may be in the form of engaging into a business venture. There is a chance that your business won’t progress and you’ll lose your savings but you should not focus on that. The brighter side is if it works, a lot more opportunities may be opened.
When it comes to business ventures, you may consider companies or businesses that provide the necessity of a lot of people. Gas or fuel stations are undeniably part of them now. More and more people own private vehicles and the common mode of transportation require fuel.
In the Philippines, one of the most popular and trusted gas stations is Caltex. Undeniably, a Caltex franchise may be one of the best choices provided that the investment cost, the area requirement, and other qualifications are met.
Based on an article on Pinoy Moneytalk, Caltex has set specific requirements in terms of the site where the business would be put up. The following are the site requirements:
- Lot Size – 1,200 square meters
- Frontage – minimum of 40 meters
For the investment cost under the Caltex franchise, based on the article, at least Php 5-million should be prepared. The total cost will depend on the size of the gas station and the location.
- Minimum Investment Cost – Php 5,000,000.00
Based on the article, the above-stated investment cost does not include the franchise fee. Caltex is not charging a franchising fee to the clients. Also, there is no royalty fee implemented by the business company.
In applying for franchising of Caltex, there are some steps that you need to take. Based on the article, here is a list of the application process:
- Prepare your site and present it to Caltex.
- Obtain a copy of the franchise application form and provided the information requested in the form.
- Be ready for an interview.
- Go through a sustainability check which may include on-the-job training and evaluation
- Checking of the franchisee’s financial background
- Presentation to the Retailer Selection Board for approval
- Contract Signing
Do you want to reach out to Caltex over its business offers? You may visit the official website of the gas station – https://www.caltex.com/ph/en.html.
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.
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