PETROMIN - Franchise

PETROMIN - Franchise
Category : Dealers & Distributors Investment: Rs. 5 Lac - Rs. 10 Lac 1200 - 5000 Sq. Feet Less than 10

Petromin Corporation was formed in 1968 by a Royal decree. On the date of its inception, the company's name was Petromin Lubricating Oil Company (Petrolube) which was one of the joint ventures of the General Organization of Petroleum and Minerals (Petromin). The company was renamed as the Saudi Arabian Lubricating Oil Company in 1997. Since 2008, the company is now simply called Petromin Corporation. In 1995, the company decided to build its own drum manufacturing plant in Riyadh to cover its own requirement of over 200,000 metal drums annually and sell the same to the third party blenders. This plant now operates under a joint venture with a global player. Within the 45+ years, since its inception, Petromin Corporation has continually expanded and grown in manufacturing capacity and product development. Today, Petromin Corporation produces over 150 different products, & is the market leader in the Kingdom of Saudi Arabia, exports to over 35 countries in the GCC, Middle East, Africa and Asia. Where it is deemed that exports are not feasible, and where the demand for Petromin Oils is attractive, the company normally concludes royalty or local blending arrangements whereby Petromin gets its product manufactured and marketed under its brand name and under company's strict quality controls and procedures.

Desired Profile:

  • Leadership experience in related field
  • A track record of success in providing the highest level of customer service & satisfaction in business
  • Entrepreneurial excellence with zeal to become successful

Support & Perks:

  • Manuals for support
  • Marketing guidance
  • Advertisement support

Read The Franchise  Requirements Below And Become A Franchisee Today.  

PETROMIN - Franchise Investment Details

Commenced Dates

Date Commenced Operations 1969
Date Commenced Franchising / Distribution 2004

Franchise Details

Units

Area Investment Franchise/Brand Fee Royalty/Commission
Store Wise Rs. 5lac - 10lac 200000 25

Master / Multi Units

Area Investment Unit/Brand Fee Master/Brand Fee Royalty/Commission
City Wise Rs. 10lac - 20lac      

Trade Partners Detail (Dealers, Distributors, MBOs, Retailers)

Types of Channels Investment Margin Area Requirement
Distributor Rs. 10lac - 20lac 25-30 1200 - 5000 Sq.Ft.

Expansion Locations

North  
South Karnataka
East  
West  
Center  
Union Territories  

Franchise Details (Optional)

Want to expand Nationwide
Exclusive territorial rights to a unit Yes
Performance guarantee to unit franchisee No
Anticipated percentage return on investment

30

Likely pay back period of capital for a unit franchise 2 - 5 Year
Other investment requirements  

PETROMIN - Franchise Training Details

Detailed operating manuals for franchisees Yes
Where is franchisee training provided? Bangalore/Hyderabad
Is field assistance available for franchisee? No
Will someone from Head Office provides assistance to franchisee in opening the franchise? Yes
What IT systems do you presently have that will be included in the franchise? Yes

PETROMIN - Franchise Property Details

Type of property required for this franchise opportunity Commercial
Floor area requirement 1200 - 5000 Sq.ft . (1 Sq Meter = 10.76 Sq Ft.)
Preferred location of unit franchised outlet  

PETROMIN - Franchise Other Details

Do you have a standard franchise agreement? Yes
How long is the franchise term for? 5 years

Is the term renewable?

Yes
PETROMIN - Franchise

PETROMIN - Franchise

Category : Dealers & Distributors
Area Req : 1200 - 5000 Sq. Feet
Franchise Outlets : Less than 10
Investment: Rs. 5 Lac - Rs. 10 Lac

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