Nitrofuel is a fast-rising brand in the oil and gasoline industry in Leyte. Starting its first station in 2015, now it has 11 branches in different parts of Leyte and Samar.
The company mantra, “Why pay more for your fuel if you can save?”, attracts more customers to its affordable yet quality products and services. Since Nitrofuel outsources from the cheapest oil companies that operate in the Philippines, it can confidently offer lower prices, which is a big help for motorists.
Aside from afforable products, Nitrofuels also gains the trust of the public because of its commitment to integrity, honestly, and excellent customer service.
Nitrofuel Corporation was registered with the Securities and Exchange Commission (SEC) in December 7, 2016 with Mr. Wilson Uy as the president. Behind this new name is however packed with an impeccable depth of experience.
Before entering the independent gasoline business Wilson S. Uy, an entrepreneur from Palo, started as franchise of Shell in 1995. Within 20 years, he was able to open three (3) gasoline stations under the banner of the giant gasoline corporation in different parts of Palo, Leyte and Tacloban City.
In year 2015, Mr. Uy decided to venture into independent gasoline business with a very practical reason that without the popular brand, the station can gain higher profit. It can save much from the advertisements , systems and the like. With that, Nitrofuel can offer the products at lower prices. The owner simply believes that putting up a gasoline is just like selling a generic medicine, it’s as effective as the branded one, but is sold cheaper because it doesn’t have to pay for a name.
Nitrofuel stations are brand new and equipped with modern facilities; Electronic pumps which are checked and calibrated daily. We also have tanker Lorries which are available for wholesale or bulk purchase orders.
Nitrofuel assure a smooth transaction with every customer that is why we use point of sale system which is computerized, accurate and efficient. Thus, customers will get honest and precise figures for every business deal.
Currently, Nitrofuel Corporation has a total of seven stations located at Tigbao, Utap, Pawing, Palo, Campetic, Cogon and Arado. All seven stations are ready to serve it’s clientele. Nitrofuel offerse lubricant and petroleum products. We guarantee that the fuel we provide is bio diesel with euro 4 quality standard. Aside from concentrating on the product distribution by accepting wholesale orders. Nitrofuel aims to add more stations that will cater to motorists passing through remote areas where gasoline stations are seldom to find.
How to become a Dealer of Nitrofuel:
Initial Fee: Php250,000.00
Franchise Inclusions:
- Use of Trademark
- Site Approval
- Training for Dealer and Staff
- Opening Assistance
- Operations Manual on Loan
Initial Term: 5 years
Renewal Fee: Php150,000.00
Royalty Fee: Php 0.30 per liter
Capital Requirements: Php3 Million to Php6 Million
Minimum Required Space: 800 square meters with 30 meters frontage
Steps to own the Nitrofuel Dealership
1. Fill-up the Application Form Here together with your Letter of Intent (This link will open on a new window)
2. After reviewing your application and finding it in order, you will be invited to discuss the Dealership details.
3. An ocular inspection of your proposed site will be conducted.
4. If the physical and documentary requirements are satisfied, the Dealership Agreement will be executed.
5. Preparations for the start of your station will be undertaken to indicate the outline set-up and staff training.
6. Pre-opening and Marketing Assistance will be provided.
7. Grand Opening. Congratulations on your new venture!
Contact Details of Nitro Fuel:
Nitrofuel Corporation
Barangay Pawing,
Palo, Leyte, Philippines
Contact Person: Mr. Wilson S. Uy
Mobile No.: (0917)306-4734, (0917)306-0028
E-mail: [email protected]
Website: www.nitrofuelcorp.net
Facebook Page (This link will open on a new window)
Basics of Franchising NITROFUEL Dealership
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from NITROFUEL Dealership, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising NITROFUEL Dealership is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising NITROFUEL Dealership offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.
Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.
Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.
NITROFUEL Dealership is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like NITROFUEL Dealership due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by NITROFUEL Dealership, reducing the risks associated with independent entrepreneurship.
Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.
Availing financing from various sectors is highly likely due to a good brand reputation.
Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.
Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of NITROFUEL Dealership also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.
Formula for success that a franchisor may provide.
Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.
5 things to consider when franchising NITROFUEL Dealership
1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.
2 Be certain that you can work harmoniously with NITROFUEL Dealership franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.
3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising NITROFUEL Dealership.
4 Check if NITROFUEL Dealership franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.
5 Best location is one key aspect to have a successful NITROFUEL Dealership franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful NITROFUEL Dealership franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:
Research
Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.
Understand the Franchise Agreement
Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.
Financial Planning
Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.
Training and Support
Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.
Location Selection
If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.
Follow the System
One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.
Provide Excellent Customer Service
Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.
Marketing and Promotion
Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.
Manage Finances Wisely
Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.
Adapt and Innovate
Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.
Network with Other Franchisees
Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.
Stay Committed
Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.
By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful NITROFUEL Dealership franchisee.