No. I didn’t get a Unioil franchise. It’s cheap enough but I still can’t afford it. I’m more of in the food cart range.
DISCLAIMER: I wasn’t given any money to write this post. This is not paid. I was invited to a blogger’s night and it was more of a presentation. It entailed a free dinner, a gift pack (that came in an eco bag to go with the green theme – nice touch!), and a marketing kit.
For as long as I can remember, I’ve been wanting to be a franchisee. And also for as long as I can remember, nobody wanted to disclose the total cost or the franchise fee. They only give it out to serious applicants. Well, I was serious as hell. maybe they knew that I didn’t have any money.
Anyways, after Unioil General Manager Chito Medina-Cue, Jr.’s presentation on getting a Unioil franchise, my first question was if I can inform the public of the costs. And the answer was yes. If you’re on the lookout for a business opportunity, you’re in luck. I’m about to tell you of a great opportunity.
Enter the Unioil franchise.
This will all be from memory and may have an error or two. I didn’t write notes because I thought it’ll come with the kit.
There are two types of franchises. First is the Company-owned/Dealer operated or CODO and the second is the Dealer-owned/Dealer-operated or DODO.
For the first one, Unioil will actually build the station. All you have to do is set up a management team to handle the operations. Uupuan na lang in Tagalog or what’s called a ‘turnkey’ in the States. Franchise fee is P500,000 and the contract is for 7 years. You also need to supply a cash bond of another P500,000. This will be returned at end of contract BUT will be interest bearing. Total investment is estimated to be between 3 to 5 million Pesos. Less the 1M for the franchise fee and the bond, the rest will be spent on initial inventory so they can be considered as rolling capital and will be recovered eventually.
I am at a loss with regards to the second type Unioil franchise. I think P300,ooo franchise fee and 10-year contract. It also comes with the requirement to post a P500,000 bond. And unioil also constructs the station? That doesn’t make sense. You’ll just have to contact them to be sure. Sorry.
Both types include a 10-day training, a POS system, manuals, and the whole gamut of support. What’s exciting is that they are not stopping there. They try to give franchisees a more than fair chance of becoming profitable. An example is for the Cavite price wars. Gas stations there have lowered their prices to compete with each other. Other companies absorb half the losses while others abandon their franchisees altogether. Unioil promises to absorb all losses incurred in these pricing schemes and the dealer still gets the same margin as every other unioil dealer.
The application process is where it gets tricky. They are very strict and don’t just approve anybody. You’d have to be between 25-50, a go-getter, and they’d come to your place and look at your house. It has to be clean and well-maintained and things like that. This is comforting as you’d know that you’re in good company. And, they do have to protect their business.
What are you waiting for? Go and get a Unioil franchise today!
Don’t forget to check my post on their amazing product, the Euro Diesel IV.
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