How much is it to buy Engen garage?
By most counts it’s a small station, and Engen is asking for just under R2. 5 million for it. Of this, R700,000 must be in unencumbered cash, and buyers must have a working capital of R800,000.
How much does it cost to buy an Engen franchise?
Engen is currently selling a relatively small franchise in Gauteng for R2. 6 million, excluding stock and assets. It has no convenience store, and pumps an average of 267,000 litres of fuel per month. Engen requires 20% of this selling price in unencumbered cash and a working capital stash of R1.
How much does it cost to buy a petrol station 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 profit do petrol stations make?
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 much profit does a petrol station make in South Africa?
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 do I apply for a petrol station in South Africa?
According to Absa there are currently three different ways to open a petrol station in the country:
- Investing in the physical building, land and associated assets (prop-co).
- Purchase of the business operation only (op-co).
- Purchase of both (prop-co / op-co).
Which is the cheapest franchise to buy in South Africa?
These are some of the cheapest franchises you can currently buy in South Africa.
- Motolek.
- Business Doctors.
- Abacus Maths.
- MiniChess.
- 3@1 Business Centre.
- Battery Centre.
- Tutor Doctor.
- Dream Nails.
What is the profit margin on petrol in South Africa?
Petrol price: one-third goes to levies and taxes According to the Department of Mineral Resources and Energy1, this price consists of these four broad elements: Basic fuel price: R9,74 (48%) Taxes and levies: R6,67 (33%) Retail and wholesale margins: R2,74 (14%)
Is buying a petrol station a good investment?
The country’s continued reliance on fossil fuel means that petrol stations represent fairly low-risk investments, delivering a steady flow of rent over a typically long lease. But would-be investors need to approach potential purchases with caution, as fuel leaks can be costly.
How much does a petrol station make per month in South Africa?
How much does it cost to set up a fuel station?
As we mentioned before, starting a gas station has a high financial entry barrier. You should expect to secure at least $300,000 to cover the following startup costs: Purchasing the location.
Which franchise is most profitable in South Africa?
These are the start-up costs for opening some of the biggest franchises in the country: KFC – from R6 million. Nando’s – from R7 million. Debonairs – from R2 million….Top 20 fast food franchises that make the most money in South Africa.
| Brand | Steers |
|---|---|
| Revenue (2017) | R1.35 billion |
| Growth (from 2016) | 8.9% |
| Franchises (2017) | 561 |
| Revenue per outlet | R2.4 million |
How many service stations does Engen have in SA?
Engen continues to have the largest retail footprint in SA, operating more than 1,000 service stations. But Engen’s general manager of retail, Seelan Naidoo, says it is the company’s commitment to progress and focus on customer service that places it at the forefront of brand recognition and loyalty across all audiences.
Where can I buy or sell a petrol station in SA?
SA largest petrol stations for sale marketplace to buy or sell a petrol station for sale, filling station, fuel station, service station. Cyrus Business Brokers is an association of action brokers focusing exclusively on fuel stations, covering Sub-Saharan Africa.
Why can’t I see the Engen stations near me?
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What companies do we deal with for petrol station valuations?
We deal with all the major oil companies, BP, Caltex, Engen, Sasol, Shell, Total, Puma and all the premier independent petroleum wholesalers as well. Free Correct Business Valuation – absolutely the best comprehensive petrol station valuation service around.