That makes buying a petrol station for sale a pretty good business investment. A petrol station is now much more than a business selling fuel, it will also be selling food, beverages and other essential items to increase its profits.
At the end of the chain, the retailers, the filling station owners, get their portion. They currently get approximately 10% of the price of a litre of petrol, out of which the filling stations' running costs must be covered.
⇒ 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.
The numbers have been laid out black and white in a report into fuel pricing by the Independent Competition and Regulatory Commission (ICRC), which found Canberra's fuel retailers make on average a $750,000 profit annually, compared to $400,000 at sites across Australia.
How much will a petrol station cost? Buying an existing petrol station can cost (on average) anywhere between $200,000 and $2,000,000 or more in some cases. There are a number of costs associated with buying and running a petrol station in Australia.
When you insert or tap your card at a self-service pump, your bank will temporarily reserve an amount from your available balance while you fill up. This could be up to £100. But not to worry, once you've finished filling up, this will be updated to your bank and you'll only be charged for the amount you've spent."
If the petrol pump is located at a place where there's enough traffic, you can feast on some pretty epic profit margins. Furthermore, you don't even have to spend a lot of time managing it. Profits also increase with introduction of good food, snacks and supplies.
Starting your own petrol station business will require registering your business and getting an Australian Business Number (ABN) or an Australian Company Number (ACN) as well, depending on your business structure. You will need to get all your legal documents sorted, as well as any licences and permits.
“Typically, petrol stations earn about two cents a litre of gross profit before tax, but the reason they survive is they sell so much – roughly 3.5 million litres over 12 months,” McKenzie says.
1) Coles Express
Coles Express is one of the most common across the continent. According to the ACCC, Coles Express has the largest share of total volume of petrol sales, with 16 per cent. Although you might think of these as Shell service stations, as they are co-branded as Shell Coles Express.
Largest Gas Station Chains Research Summary
The largest gas station chain in the U.S. is Exxon Mobil, with a revenue of $413.68 billion and 71,100 employees. As of 2022, the US gas station industry has a market size of $138.3 billion.
The sector in Australia is dominated by international companies including Apache, BHP, Chevron, ConocoPhillips, ExxonMobil, Santos, Shell and Woodside. Out of these, Apache, ConocoPhillips, Chevron and ExxonMobil have parent companies in the US, while BP and Shell have parent companies in Europe.
In 2005, the Royal Dutch Shell Group underwent a major structural reorganisation as the nearly century-old partnership between Royal Dutch Petroleum and Shell Transport and Trading was dissolved and Shell unified its corporate structure under a single new holding company, Royal Dutch Shell plc.
Petrol prices are not the same at all petrol stations. City centres, urban areas, suburban areas and rural areas often have different petrol prices. Is there a relationship between price and distance from a city centre? Is the relationship the same as you travel out of the city in all directions?
Industry Definition
This industry comprises gas stations that retail automotive fuels, offer repair services and sell replacement parts and accessories. Gas stations that operate convenience stores on their premises are included in the Gas Stations with Convenience Stores industry (IBISWorld report 44711).
bp is a leading petroleum company, respected for its high-quality fuel products and differentiated customer offers, which are the foundation of our franchise model. Our franchise model is designed to drive customer value in response to changing consumer demands and market dynamics.
A service station or "servo" is the terminology often used in Australia, along with petrol station, to describe any facility where motorists can refuel their cars.
What Is The Future Of Petrol Stations? The increase in use of electric cars will lead to a decline of inner-city petrol stations as drivers charge at home or work. Not if, but when… the number of petrol stations will be significantly reduced in urban areas, once the majority of cars on the road are electric.
Invest in oil company stocks
A simple way to invest in oil is through oil company stocks such as BHP (BHP), Woodside Petroleum (WPL) or Oil Search (OSH). As the cost of oil changes, so will the value of these companies – although this isn't guaranteed and depends on numerous other factors.
There is a risk of air pollution, possible ground pollution or soil contamination from spills, fumes, highly flammable liquids and the potential for criminal activity.
You can take the minimum amount Rs 1.0 form the filling petrol from the petrol fuel stations.
A filling station attendant or gas station attendant (also known as a gas jockey in the US and Canada) is a worker at a full-service filling station who performs services other than accepting payment. Tasks usually include pumping fuel, cleaning windshields, and checking vehicle oil levels.
HUGH Vilakazi - Owner - Global Petroleum Distributors | LinkedIn.