How much does it cost to buy a petrol station in South Africa?

“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.

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.

Are petrol stations profitable?

Although fuel gross profit margins are lower, fuel sales remain the primary income of a business, accounting for approximately 80% to 90% of an operation’s turnover, usually delivering greater profit than alternative profit opportunities, for instance, a convenience store, carwash, bakery and quick service restaurant.

How do I buy 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.

Which brand of petrol is best in South Africa?

Engen
South Africans have voted Engen their favourite petrol station for the tenth consecutive year in the 2020 Sunday Times Top Brands, validating Engen’s customer centric strategy, marketing focus and commitment to keeping South Africans safe during the COVID-19 pandemic.

Is buying a petrol station a good investment?

Despite falling oil prices buying a petrol station can still generate healthy profit margins. Updated Mar 13, 2021 . What changed? 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 Engen petrol attendant earn?

Average engen garage Gas Station Attendant monthly pay in South Africa is approximately R 4 430, which is 8% below the national average.

How do you buy a petrol station?

5 lakhs for rural retail outlet and Rs. 15 lakhs for a regular retail outlet. This fee is non-refundable for both locations. Generally, the Oil Marketing Companies (OMCs)give advertisements in the newspaper or its website to set up petrol pumps at various locations in the country.

How much does a Sasol franchise cost?

Financial Requirements 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.