To get access to over 10000+ Franchise Business Opportunities.
Network with the growing Business Community to get expert interventions to let you learn to Grow & Expand your Business with Franchising.
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.
Here is what you need to explore and start as a dealer & distributor.
Petromin Corporation Team
Operations Commenced On 1969
Distribution Commenced On 2004
Investment INR 5lakh - 10lakh
Franchise/Brand Fee INR 200000
Royalty/Commission 25 %
Types of Channels | Investment (If any) | Margin / Commissions | Area Requirement |
---|---|---|---|
Dealer | Rs. 10lakh - 20lakh | 25-30% | 1200 - 5000 Sq.Ft. - Sq.ft |
City Wise
Investment INR 10lakh - 20lakh
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 30 %
Likely pay back period of capital for a Channel Partner 2 - 5 Years
- NA -
Karnataka
- NA -
- NA -
- NA -
- NA -
Type of property required for this dealership opportunity Commercial
Floor area requirement 1200 - 5000 Sq.ft
Detailed operating manuals for dealerships Yes
Dealership training location Bangalore/Hyderabad
Expert guidance from Head Office to franchisee in opening the dealership Yes
Current IT systems will be included in the dealership Yes
Do you have a standard dealership agreement? Yes
How long is the dealership term for? 5 Years
Is the term renewable? Yes
Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.
Thanks for showing your interest in PETROMIN.
Your contact detail has been shared with the company. requested you to create your investor profile and upgrade to directly contact the brand.
Thanks for showing your interest in PETROMIN.
But you have already applied for PETROMIN.
Business Opportunities
Browse By Investment Range
Popular Cities
We value your privacy.
You can unsubscribe anytime