1. How much will I have to invest to become a Canadian Tire Gas+ Retailer?
You will need to provide Canadian Tire Petroleum with a bank letter of credit which will be used as security for the gasoline inventory. This amount can vary between $10,000 to $50,000. You will also need to purchase the non-gas inventory onsite. This amount varies according to the size of the gas bar and typically ranges from $30,000 to $70,000.
2. How am I compensated as a Gas+ Retailer?
The Retailer opportunity consists of both fixed and variable earnings. As a Retailer, you will receive a fixed management commission for gasoline sales as well as allowances to help cover operating costs. You will also earn a variable profit on the sale ancillary products which may include convenience items, car wash and propane.
3. How long is my commitment to Canadian Tire Gas+?
You will be required to enter into a one-year contract.
4. Can I operate two or more locations?
Canadian Tire Gas+ is strongly focused on operational excellence. Should you exceed performance standards, you may be considered to operate a second or more complex site.
5. Which locations are currently available?
Please visit our web site gasplus.canadiantire.ca and choose "opportunity locator" to view sites that are available.