How Much Does Filling Station Cost In South Africa
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 much does a petrol station cost in South Africa?
South Africa burns a lot of petrol – and selling it is an often lucrative business. But be warned, it is not for everyone, there are plenty of red tapes, and it isn’t cheap. The cheapest stations cost around R1 million, but if you want a popular location and all the trimmings, you can pay 20 times this.
How do I open a filling station in South Africa?
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 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 profit do petrol stations make?
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 do you manage a filling station?
Make sure that your gas station meets the required local, state and federal requirements.
Establish your hours of operation and open promptly at the chosen time.
Hire punctual and reliable employees.
Take inventory regularly.
Run cash register reports at the end of each shift.
Take note of the shift totals on a ledger.