A business plan for petrol pump can be used either by an existing gas station trying to expand its operations into a new fuel type or for a company that's just trying to get off the ground by selling petrol to consumers. If you are already operating a gas station and have revenues dating back a few years, you should prepare a formal past performance table to give the investor or banker a quick look at your recent history in the business. This means compiling profit and loss statements and a balance sheet for each of the past 2-3 years as part of an introductory table and graph. Also provide a brief description of your operations to date and the expansion opportunity as you see it. For a startup, however, you should focus more on the following:
• The market need for a petrol pump in this area
• The major competitors, including their location, sales, weaknesses, etc..
• The marketing elements you can use to promote the petrol station
• The insurance, licensing and permitting costs you will face
• The price points you can keep the fuel at
• The amount of funding you need and the way it will be spent
The business plan for a petrol pump should include a financial forecast that looks about 3 to 5 years into the future and tries to gauge things like your break-even point (and the cash-burn rate, for start-up), the revenues year over year, and the expenses you will encounter (break this out in a tidy P&L). The model also needs the first year shown in a monthly format, and you should have a working assumptions table so that reviewers can know at a glance how your various figures were derived. Stuck on this issue, or confused about the role that the market research should plan? The business planning experts at MasterPlans.com have been working on business plans like this since 2002 and have more than 11,000 successful plans made already. Call 877-453-2011 to learn more.
