Reliance is a brand name that is famous all across the country in various fields and is backed by one of the richest men of India, Mukesh Ambani. However, apart from the brand name, if we talk about the business field, that is Oil and Petroleum then, India is one of the highest consumers of Oil and Energy products in the world. To be more precise, India is considered as the third country that has the highest consumption of such products. Considering that an individual can acquire both, the dealership or the Franchise of Reliance Petrol Pump, the details regarding the same are as follows.
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Headquartered in Mumbai, Reliance Industries holds many different businesses ranging from Petroleum to telecommunications. Reliance Petroleum was founded or initiated in the year 1991 and the fruits yielded from the same was the Gujrat refinery became the highest producer of the Oil refinery in the world with an average of 1.24 million barrels each day.
Reliance Industries or rather Reliance Petroleum Ltd aims to increase and facilitate the nation’s growth and interest by providing various services in the most advanced and well-used areas. These services or products include diesel, petrol, aviation fuel, lubricants, LPG, and so on. It is said that there are more than 64000 + Petrol Pumps in the country, out of which there are more than 1300 + Petrol Pumps of Reliance Petroleum Ltd that are based on the superior technology and system that they have.
There are various benefits for acquiring a Reliance Petrol Pump dealership. Of course, there are advantages of owning a Franchise of the same, but having a dealership means running things on your own and as per your choices. However, the investment rate differs as well in a dealership.
Here comes the main part, you would not be getting the brand name of Reliance that easily, it would require of you to make an investment. Petrol Pumps require huge space to settle as a business, there a few ongoing costs, and so on. To sum things up the average investment amount that is required to acquire the dealership of Reliance Petrol Pump is around 70 lakhs. However, this excludes the cost of land or the rent which you may incur every month. You are asked for a security deposit of 23 lakhs, this amount is refundable and you also have to comply with the signing fees which go for around 3.5 lakhs.
Reliance maintains its brand value by keeping certain high standards for every business that wish to acquire their Franchise. Hence, the requirements set up by them are to be followed strictly.
After ensuring all the requirements for acquiring the Franchise or the dealership of Reliance Petrol Pump, it is time to apply for the same. There is only one effective way to apply for the dealership.
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