Even though gas is expensive, a majority of gas station franchises fail in their first year. An Exxon Mobil gas station can be very profitable because the business model includes a convenience store as well. If you choose the right location, the sale of cigarettes and snacks might just make you wealthy.
Instructions
1. Do your research before you even think about opening an Exxon Mobil gas station franchise. Talk to other people who own gas stations and convenience stores in the area and look into industry trade groups before you take the plunge.
2. Pick your location carefully. Before you commit to a lease, you should have a thorough knowledge of your competition, as well as accurate traffic counts. You will also be somewhat at the mercy of what is available. Mobil won't move into neighborhoods it doesn't think are lucrative. Find out what's available at http://www.exxonmobil.com/Corporate/careers.aspx.
3. Make sure you meet Exxon Mobil's requirements for franchise operators. All applicants must have citizenship or permanent residency status, and have a minimum amount of liquid assets. In addition, you will be required to pay a hefty initial franchise fee, a deposit on the gas and a training fee.
4. Fill out Exxon Mobil's application to become a gas station operator. You'll need to provide proof of all your assets and investments, an accounting of your monthly living expenses and demonstrate that you have some experience in retail and management. There's also an application fee to mail in with the form.
5. Undergo Exxon Mobil's training for franchise operators. This comprehensive program provides you with all the information you'll need to run your store and create a business model.
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