Will MBT Petroleum Finance the development of the land?
As with any new business venture, applicants need to have the financial means to cover business set up costs. MBT does not provide financial assistance. Should you require financing, please approach a reputable financial institution. Applicants will be required to have 20% – 60% unencumbered cash of the total capital required for the investment (this will be determined by the specifics of the site). This will include, but not be limited to, capital needed to buy initial opening stock for the convenience store and petroleum products on the forecourt.
What support will MBT supply with regards to the development?
During the initial stages of applying for licenses, MBT will provide advice and guidance. Once all of the necessary regulatory approvals have been obtained by the applicant, at their own cost, MBT will enter into negotiations with the applicant to establish
Are there limitations on the area where the undeveloped land is situated?
When erecting a normal filling station, there will be no limitations.
Are there any minimum requirements on potential volumes that need to be sold before MBT will consider branding the new development?
Yes, MBT Will only consider branding filling stations which will potentially sell in excess of 250 000L per month. MBT will however gladly supply said service station with Petroleum Products once erected.
Does MBT purchase land on behalf of applicants?
MBT will not purchase land on behalf of any applicant. In very rare instances MBT will consider an