How much does it cost to start 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 do I start a petrol station business?
To start a petrol pump, the applicant must show the ability to invest a minimum of Rs. 25 lakhs in case of regular petrol pumps and Rs. 12 lakhs in case of rural petrol pumps.
Is petrol pump business good?
Petrol pump business has always been considered one of the leading profit making businesses, not just in India, but globally as well. Besides, the Oil Marketing Companies (OMCs) are aiming to generate more viable opportunities in order to encourage the growth of petrol pump business in India in 2020-2021.
How much does it cost to open a petrol station in Malaysia?
The average cost required for investment is RM 3-4 million for building, facilities and equipment, and RM 550,000 as working capital (including cash security).
Do gas station owners make a lot of money?
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.
How can I get Indian Oil petrol pump dealership?
Eligibility Criteria
- A resident of India (as per Income tax rules) can own an IOCL Petrol Pump.
- Age of the IOCL dealer should not be less than 21 years and not more than 55 years except for Freedom Fighter under the CC2 category.
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 get a Shell petrol pump dealership?
Basic Criteria for Shell Petrol Pump Dealership:
- Leadership Quality.
- Age should be 28 years to 60 years.
- Education should be minimum Graduate or.
- Preferably 5+ years of working experience in retail/service/hospitality.
- Investment capacity of Rs 18 Lakh for Retailer ship and 5 crore for Dealership.
Is gas station a profitable business?
Currently, gas stations and their corresponding convenience stores are some of the most profitable businesses in the United States. Across the country, there are over 100,000 gas station/convenience stores which bring a cumulative of over $400 billion revenue each year.