Essar Oil Limited is known as the largest public oil and gas company. Later on, it was renamed Nayara Energy. Nayara Energy deals with the fastest growing retail business network in India and has the most widespread private sector fuel retail chain. The company owns above 4,500 operational outlets that are spread across India. This article will give you an insight into the procedure for starting an Essar Oil Petrol pump dealership in detail.
The petrol pump business is one of the lucrative businesses that offer good returns. This is a popular perception among a considerable proportion of people in our nation. The rising number of vehicles all over the country has led to an increased demand for fuels and also has eventually increased the necessity for petrol pumps. The reports depict that an average petrol pump sells around 5 lakhs liters of fuel, diesel, and petrol every month in India.
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Essar Oil (Nayara Energy) identifies it’s locations for the purpose of setting up Petrol or Diesel retail outlets, once they have carried out the necessary feasibility studies, based on commercial considerations.
Eligibility criteria for starting an Essar Oil Petrol Pump are as follows:
Note: The size of the land, may vary from one location to another and the kind of retail outlet to be established.
Essar Oil dealership model is not only a simple one but also a lucrative one, as it ensures steady operating profits and returns on your investments.
Note: The payment of lease rentals and return on investment would be paid quarterly. But the sales commission, on the other hand, would be provided in the invoice when the product is billed to a retail outlet.
Besides the cost of land, chosen applicants have to invest for the purpose of construction and day-to-day operations of the Essar Oil petrol pump. The average cost of investment would be around Rs. 50-70 lakhs varying according to the size of the rental outlet and the amenities or services offered.
An amount of Rs.3 lakhs, needs to be submitted for Essar Oil Petrol Pump Dealership as an application fee.
The Application fee is non-refundable once the letter of appointment is issued. The dealership application fee may be refunded in an exceptional case if there is a valid justification in the instance of statutory approval being denied by the Government agency. It will be at the discretion of Essar Oil.
Documents required for getting LOA (Letter of Appointment) of Essar Oil Petrol Pump dealership are as follows:
The applicant is required to obtain all statutory approvals and licenses from the Government to set up an Essar Oil petrol pump. Required help will be offered by Essar Oil (Nayara Energy) to prepare applications in line with Government requirements and mandate. Following is a certain standard set of licenses or approvals that are required. But, the list may differ from state to state:
An applicant who owns a suitable size of land or is willing to invest in an Essar fuel station can apply through the modes listed below:
Essar oil petrol pump or retail outlet dealership online application process is explained below:
For applying online for Essar Oil Retail out the dealership, the applicant is required to visit the Nayara Energy webpage.
Step 1: From the main page click on the ‘Franchisee’ option, the link will automatically redirect to a new page.
Step 2: Choose “Apply Online Option” on the new page. Essar Oil retail outlet franchise inquiry form will be displayed.
Step 3: Fill in all the required details like your name, mobile number, Email ID, State, and district details. Then click on the “Submit” button, the application form will be forwarded to the divisional office.
Essar Oil petrol pump or retail outlet dealership application process is explained in detail below:
The application form for Essar oil retail outlet can be submitted on plain paper in the prescribed format as given on the official website. The applicant can get the application form along with a different application fee as applicable.
Filled application form along with required documents complete in all respects must be submitted to the Essar oil divisional office.
After the application is received, the Territory Sales Manager and Divisional Manager will discuss with the applicant for further processing.
The site visit will be conducted by a Nayara representative within 4 days from the date of application. After visiting the site, detailed discussions on the lease rental will be carried out, and an agreement will be achieved.
A letter of consent for becoming a Nayara Energy ltd franchise (Essar oil petrol pump dealer) and another letter confirming the agreement of rental and volume targets would be provided by the applicant.
The candidate would have to deposit a non-refundable application fee as described above. The needs to paid in the form of a demand draft.
After finding a suitable land as well as an applicant, a Letter of Appointment will be issued (LOA).
Once you get the LOA, the applicant is required to obtain NOC. It is a document that is issued by the District Magistrate’s office after getting clearances from all concerned departments. The NOC is a compulsory approval to start construction of Essar Oil Petrol Pump Fuel Station.
Once you obtain the NOC and statutory clearances, the Essar oil petrol pump can be set up within three months.
In Essar Oil petrol pump (Nayara Energy’s) dealership model, the chosen dealer has to develop the outlet as per requirements and standards specified by the Essar Oil Company. Essar Oil (Nayara Energy will offer the following support to their dealer:
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