Canadian Tire’s Essence + gasoline brand is sold at more than 40 service stations in Quebec, the vast majority being Canadian Tire gas stations near a store of the same name. Some, however, are isolated and others, just a few, are associated with another convenience store banner (indeed, we saw a Beau-soir store selling Essence + near Joliette).
According to Canadian Tire, Essence + meets or exceeds all government standards and acts against fouling and corrosion (source: Canadian Tire).
Canadian Tire Petroleum is the largest independent retailer of gasoline in Canada. It operates more than 300 gas stations and sells more than 1.7 billion liters of gasoline a year. An average Canadian Tire gas station sells 17,000 liters per day, twice as much gasoline as the industry average.
Type of Franchising
An interested retailer must provide a letter of credit emitted by a bank that will be used as collateral for gasoline inventory. The amount can vary between $ 10,000 and $ 50,000. He must also purchase goods other than gasoline. The amount of purchases varies depending on the size of the gas station, but is usually between $ 30,000 to $ 70,000.
Retailers’ remuneration consists of fixed income and variable income. The retailer receives a fixed administration fee on gasoline sales, as well as allowances to help cover the operating costs. He also receives a variable profit on the sale of non-gasoline merchandise, including everyday consumer goods, car wash packages and propane.
Contracts are for a one-year term and a successful retailer can be offered the opportunity to manage multiple service stations (source: Canadian Tire).
Gas Brand Network
Name: | Essence + |
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Ranking (gas brands): | 12th of 19 |
Number of gas stations: | 56 |
Description: | House brand of fuel |
Franchisor: | Canadian Tire |
Type of Franchise: | Type C) Store franchisee |
Website: | Essence + |