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How much does it cost to buy an Engen franchise?

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.

Are fuel stations profitable?

Most major oil companies have backed out of the retail business because selling gas generally isn’t very profitable. According to IBISWorld, gas stations make an average net margin of just 1.4% on their fuel.

Are petrol stations profitable in Australia?

⇒ The ACCC has estimated that the retail sector as a whole (fuel and nonfuel sales) has earned net profit at an annual average rate of 2.1 cents per litre for the past 9 years. According to ACCC Reports: ⇒ The average net profit on fuel over the past 9 years was 1.3 cents per litre.

Does Woolworths sell Lotto?

Newsagents retain rights: Lotto tickets not to be sold at Coles or Woolworths under new deal. Newsagents will retain exclusive rights to sell lottery tickets until 2018 under a deal brokered by the NSW Government.

How much is it to own a petrol station?

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 is a Caltex franchise?

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.

Are petrol stations a good investment?

Over the past few years, yields have tightened on service stations and now average sub 5.5 per cent. Gross sales are also rising with $493 million transacted in 2020, up 39 per cent from $354 million in 2017, indicating growing appetite.

How much money can you make owning a gas station?

Successful station owners can make anywhere from $40,000 to as much as $100,000 annually, but not without hard work and a lot of ancillary business.

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