Lagos — Quest Oil & Engineering Services Limited, an indigenous energy provider in Nigeria and owner of Ascon Oil Company, has introduced a franchise model known as Company Owned Dealer Operated, CODO.
Ukwa Anya, the company’s Head of Sales and Marketing, said: “Through this CODO franchising model, we offer the public a unique opportunity to partner with one of the best and fastest growing petroleum retail brands in Nigeria”.
Interested investors in the CODO partnership will enjoy the comparative advantage of guaranteed product availability and strategically located Quest retail stations along the prolific economic corridors across the 6 geopolitical zones.
“Location considerations for the Quest enterprise are of great importance. This is on account of the fact customer convenience, visibility and accessibility were the deciding factors in the choice of locations of the service stations”, said Dr. Ochuwa George, General Manager, Business Operation.
The CODO contract terms include a profit-sharing arrangement which is in line with industry standard. Expected qualifications from the investor include funds equivalent to one truck of diesel, AGO, and one truck of petrol as well as ₦2 million worth of lubricant.
Regarding the recent unveiling of auto-gas venture by the Federal Government, the company said it is positioned to take advantage of the opportunities offered by this initiative, adding that it is willing to partner with investors to develop and deploy Compressed Natural Gas, CNG, in all its service stations.