Training: Site Potentiality and Viability Assessment of Petrol Station Business by Projected Sales Volume Method
How to Identify Suitable location that Maximizes Profitability of Petrol Station
Introduction
Petrol stations are very vulnerable to closure resulting from petrol price competitions, regulatory pressures, and non-strategic locations.
Site potentiality assessment of petrol station is essential to determine if the site is viable for the development of fuel station.
Site Potentiality Assessment of Petrol Station workshop provides a valuable resource for planning, developing, evaluating and starting petrol station business without making expensive mistakes.
Petrol station site assessment is essential if you are thinking of starting a petrol station business. But it is also important for established petrol stations.
In this workshop participants will learn:
- Importance of locations to the development of petrol stations
- The factors and site parameters that influence the success of proposed locations for petrol filling stations.
- How to conduct traffic volume studies to determine the number, movement, and classification of roadway vehicles at a given location
- How to predict traffic volume at a given location.
- How to use traffic volume data to guide your investment decisions of your proposed petrol station, expected annual sales you can extract from sites, payback periods and infrastructure required such as the capacity of storage tanks and a number of pumps.
At the end of this workshop, participants will be able:
- Determine if the site will be viable for the development of petrol station
- Determine if the proposed petrol station site can achieve the minimum volume of sales to be sustainable
- Evaluate further risks and costs associated with sites.
- Differentiate your petrol stations from other similar fuel stations
Who Should Attend?
- Anyone who is thinking to start a petrol station business
- Existing petrol station business owners looking to maximize the profitability of their business
- Petrol station managers, supervisors, and pump attendants
- Oil and Gas professionals and students.
Reach out to us via +255(0)655376543 or info@tanzaniapetroleum.com if interested in the training program.