1. How much will I have to invest to become a Canadian Tire Petroleum Agent?
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 $40,000. 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 $20,000 to $50,000.
2. How am I compensated as a Petroleum Agent?
The agent opportunity consists of both fixed and variable earnings. As an agent, you will be paid 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 of non-gas merchandise, which may include convenience items, car wash and propane.
3. How long is my commitment to Canadian Tire Petroleum?
You will enter into a one-year contract with Canadian Tire Petroleum.
4. Can I operate two or more locations?
Canadian Tire Petroleum 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?
To inquire about available sites, please call 1-866-329-4630 or consult the opportunity locator.