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:
Support & Perks:
Read The Franchise Requirements Below And Become A Franchisee Today.
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 |
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 |
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 |
Do you have a standard franchise agreement? | Yes |
How long is the franchise term for? | 5 years |
Is the term renewable? |
Yes |
Category : Dealers & Distributors
Area Req : 1200 - 5000 Sq. Feet
Franchise Outlets : Less than 10
Investment: Rs. 5 Lac - Rs. 10 Lac