A local petrol station business set up costs range in the region of R15 million and R100 million depending on the size and site. Further to this the operation payable to the oil company ranges between R2. 5 million and R15 million, depending on the cost to develop, projected volumes and profitability.
How do I start a petrol station in South Africa?
Requirements to Buy a Petrol Station Example
- Selling Price of business R 5 000 000.00 net profit +- R 120,000 pm.
- Plus: Stock R 600 000.00.
- Plus Working Capital R 500 000.00.
- Other: e.g. Training, Licence application, etc. …
- Oil company fuel guarantee R800,000.
- TOTAL Funding Requirement R 7 000 000.00.
How much does it cost to build a petrol station in SA?
“To date, the asking price of a service station business can vary from R1 million to R35 million. In addition, the average working capital requirement of a service station can fluctuate between R1. 2 million and R1. 5 million,” noted Absa.
Are petrol stations profitable in South Africa?
Although fuel sales still make up the majority of the profits at filling stations in South Africa (according to Absa, between 80% and 90% of profits), the additional income from forecourt businesses like convenience stores, coffee shops and restaurants, can be a nice supplement.
How much will it cost to build a petrol station?
Investment and Fees
There are two types of charges for opening petrol pumps in India: Rs 12 lakhs for ROs for rural areas and Rs 25 lakhs for ROs in urban areas, though the amount may vary from company to company.
Is a petrol station a good investment?
Despite falling oil prices buying a petrol station can still generate healthy profit margins. Buying a petrol station ranges from roughly $90,000 to as much as $3.5 million, depending on a number of factors, including the location, size and profitability of the business.
How much does a petrol station make per month in South Africa?
The convenience store adds to the cost of the station, but according to Engen in this case it generates R309,000 in average monthly turnover. At the top end of the scale you can expect to pay closer to R7 million for an Engen.
How much is the franchise of Caltex?
Here are more Caltex Franchise Numbers and Details:
P5 Million to P7 Million. Operating Capital required: Approx. P2 Million to P3 Million. Lot Size/Layout requirements: This must meet a minimum design layout of 1,200 sqm.
How much does a Sasol franchise cost?
Franchise fee is R2. 5M. Working Capital is R1. 5M Fuel Guarantee is R 850 000.00 ( Garage Sure or Refine – subscription ) Total Amount Required – R4M.
What is the cheapest franchise in South Africa?
8 South African franchises you can open for less than R1 million
- Debonairs – from R900,500.
- Wilcote – from R520,000.
- 3@1 Business Centre – from R695,000 (ex VAT)
- Zebro’s – from R949,000.
- H20 International – from R325,000 (excluding VAT)
- The Bed Shop – from R500,000.
- Sorbet – from R1 million.
How much is KFC franchise in South Africa?
Prospective franchisees need to show that they have the required funds to fund up to 5 or more KFC stores. One store costs in the region of R6 million.
How much money is earned from a petrol pump in one month?
Ans- A petrol pump owner in India can earn up to Rs 3,58,000 every month. If your commission comes across as 3 Rupees per litre then your monthly gross earning of 5,70,000 Rupees.
How can I get loan for petrol pump business?
Eligibility Criteria for the Petrol Pump
- The minimum age of the applicant must be 25 years to take the loan.
- The maximum age of the applicant must be 62 years to take the loan.
- Your turnover must be at least ₹5 Crores or more.
- Your financials must be audited by a qualified Chartered Accountant.
How much is needed to open a petrol pump?
A below-average petrol station with no canopy and with basic facilities and machinery can cost up to a minimum of 6 to 10 million rupees. Average petrol station with average setup will cost you around 10 to 20 million.