CHEVRON GAS STATION Franchise Startup Cost, Revenue and Profit Margin
Chevron is a well-known multinational corporation. If you have ever desired to be in the energy industry, then considering a relationship with the Chevron Corporation would not be a bad idea.
In this article, we are going to look at the Chevron Corporation and the opportunities it has for entrepreneurs and business minded individuals who are seeking to grow wealth through owning a gas station franchise.
In this article, we are also going to look at the story behind this great brand Chevron and its history.
We will also look at the franchise startup cost, the franchise fee, and the training and support that the Chevron Corporation gas station franchise provides for its franchisees.
We will also provide information on how the Chevron Corporation can be contacted for information on its gas station franchise opportunity.
Is Chevron Gas Station a Franchise?
Chevron Gas Station is a franchise of the Chevron Corporation. The Chevron Corporation is a multinational oil and gas energy company with headquarter in the U.S.
Chevron Corporation was founded 138 years ago on the 10th day of September in the year 1879. Its headquarter is located in San Ramon, California, U.S.A.
Chevron Corporation is a predecessor corporation of the Standard Oil of California and Gulf Oil. Standard Oil Company of California and Gulf Oil merged in 1984 to form the Chevron Corporation.
The Chevron Corporation has a presence across the world in every continent from Australia to Africa, Europe, Canada, India, China, America and Asia.
The Chevron Corporation has more than 61,500 employees worldwide with more than 5,000 employees as service station employees. The current chairman and Chief Executive Officer (CEO) of the Chevron Corporation is Mike Wirth.
The products of the Chevron Corporation include natural gas, petrochemicals, and petroleum. As of 2016, the corporation had revenue of $114.472 billion (U.S. dollar) and an operating income of $2.16 billion (U.S. dollar).
The Chevron Corporation has its operation in the upstream and downstream sectors of the oil and gas industry.
Its upstream operations include massive oil and gas exploration and production activities in Nigeria, US, Kazakhstan, Angola, and Australia.
While its downstream operation comprises the manufacture and sale of petroleum products such as additives, fuels, petrochemicals, and lubricants. This is the part where the Chevron Gas Station franchise functions.
The Chevron Gas Station franchise operates more than 19,550 retail outlets across 84 countries in the world.
The Chevron Corporation is quoted on the New York Stock Exchange with its symbol as CVX and is also part of the Dow Jones Industrial Average Component, the Standard & Poor’s 100 Component, and the Standard and Poor’s 500 Component.
Chevron started franchising 11 years ago in 2007. Through its ExtraMile convenience stores and gas station franchises, Chevron has a combined location of more than 228 units, all owned by its gas station franchisees.
The Chevron Gas Station franchise through its ExtraMile franchises caters to the needs of customers on the road which includes not just gasoline but also food.
How Much Does Chevron Gas Station Franchise Cost?
To take advantage of the Chevron Gas Station franchise opportunity, the franchisee would need to show a liquid capital of $500,000 (U.S. dollar).
To get the amount of the franchise fee, the franchisee would need to contact the Chevron Corporation on www.chevron.com and fill out the required contact information on the website.
Chevron Gas Station Franchise Fee
The Chevron Gas Station franchise fee is not available, however, a franchisee can contact the company on its website at www.chevron.com and fill out the required contact information.
Chevron Gas Station Startup Cost
The cost of starting up a Chevron Gas Station franchise is estimated at a low of $1.2 million (U.S. dollar) and a high amount of $2.5 million (U.S. dollar).
Chevron Gas Station Membership Training, Requirements and Support
Chevron Corporation through its Chevron Gas Station franchise provides training for its franchisees.
The Chevron Gas Station franchise also provides support and assistance to its franchisees. The support that Chevron provides for its franchisees include:
- Chevron provides support for its franchisees by providing them with merchandise as at when needed.
- Chevron supports its franchisees with advertising.
- Chevron supports its franchisees by providing them with advice on how best to run their franchise location successfully.
- Chevron supports its franchisees with training and business guidance.
Chevron Gas Station Application and Terms of Agreement
Information on the terms of agreement/renewal of the initial franchise agreement can be obtained directly from Chevron when the franchisee contacts the company directly on www.chevron.com.
How Much Does a Chevron Gas Station Franchise Make?
The information as to how much a Chevron Gas Station franchise makes is not known. However, how much money a gas station franchise makes is not always a function of the gas station brand the franchisee buys, but more of the location of the gas station franchise.
Chevron is a good brand and has the required financial base to provide its franchisees with the required support to ensure their success.
How to Open a Chevron Gas Station Franchise
How much does it cost to open a gas station franchise? To open a Chevron Gas Station franchise the franchisee would have to contact chevron at www.chevron.com for all the necessary information. Acceptance into the franchise, however, would depend on the location of the applicant.