Once this post was approached by a former staff to invest in gasoline station. This later was involved in what was labelled as a scam involving a former celebrity as a chairman
I would not believe their pitch because: 1. there is so much competition, 2. there are so much dynmaism in the transportation industry, 3. even in the fuel supply chain: the ups and down of prices. You must know and be able to estimate the high and low and plan your purchase accordinagly
Let us say you buy your supply at P40.00 and suddenly the new supply is at P35.00. How do you manage the P5.00 down fall. Will you be supported by the oil company?
What about the renegade suppliers who do not pay taxes?
Even the managers of big oil who manage their own stations that the govt impose so much taxes, and their margins are so small. They make more money and stable at that renting the spaces in expressway to stores, and foodstuff sellers.
If they say that, how could you make profits😊
Better think of something else.
