Bafo, it's not "Plug n Play". Turnover is not profit. Turnover less operating\capital and taxes expenses = profit. And then there are monthly franchise costs you still need to pay. Question is, does the Turnover cover all those expenses? My guess is, you wont even break even if you buy that Sasol.
@@teddyoriclips3686 Here is basic facts you need to establish. Find out on average how many litres a month of fuels these petrol stations sell. Find out the average margin or profit percentage per litre. It seems to be around 15% but you have to establish if that is after all other costs like labor, rent, fees etc. Assuming you can make 10% profit on 350,000 so your profit would be 35,000 a month based on this guys numbers (assumption). Now figuring out your break even is easy Math. If you make 35,000 a month, you annualize that you get 420,000 a year. So to get back your investment it would take you of 5,5 million it would take you about 13 years. If you factor in annual sales growth, price increases etc probably close to 10 years. That is only based on fue sales. The other things sold in a petrol station have higher profit margins which will further reduce the time to recover initial investment. At a minimum it will probably be close to 7 or so years. If you have those facts guys like me can model for you exactly how long it would take to break even and or become profitable for a reasonable fee off course hahaha
There's a new one that is budget friendly for buyers... For R1.6m you can buy a franchise and start making money... PEU ENERGIES, and plus it's affiliated with Sasol I think, from what I heard... They are targeting the rurals area... It's growing big in Limpopo and I personally want to but it...
Petrol station businesses in South Africa pumping 500 000L a month or more with convenience store sales (turnover not profit ) of R1,5M pm are considered top 10% sites and is making 4-5M profit a year. When these businesses do become available, the price to earnings multiple of 3-4 you effectively pay the owner 3-4years net profit. In my example above R15M-R20M. These are some real facts, let’s not mislead people in videos, it’s a great industry and employs thousands of people in South Africa, for the amount of work required the dealers aren’t fairly compensated for it. The oil companies and government taxes make up 85% of the cost per litre in fuel.
Profit ≠ Turnover . I think you're mistaken in your representation of these concepts. From what i heard , it sounds like you're describing turnover as profit. For a convenience store to make a profit of 1mil/month. The store would need to earn minimum 3,5mil turnover. That would not include franchise fees , salaries , utilities and tax as a consideration. Hope this helps
Hi Bongz! Its Bucks here wow I'm glad thers ppl like u lol we won't blame u😂😂... al I wanna knw is dat do i do if i have a land n i wana start something like dat?!! Wat do i d0😅🙏
I am sure not 4 million profit with wollies or even a 1 million, maybe very few of these stores can make a million or more of pure profit. Revenue yes even 5 million but it is extremely expensive to operate these stores especially if they form part of the franchise also
I am sure this guy doesn't have any business. You must research the realities of franchise. It is never your business it just sounds nice to say your buy there is nothing you are buying. Others end up heavily indebted to banks because of misleading information like this
Misleading video. Bongani is readying the info online without any practical knowledge nor experience. Presenting word of mouth as business advise. plug n play LOL.. why isnt he plugging and play if it was a money factory😂😂😂
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Excellent video
This is informative, I will use the information for sure. Thank you
Thnkx Mr I wanted this information for a longest time
Bafo, it's not "Plug n Play". Turnover is not profit. Turnover less operating\capital and taxes expenses = profit. And then there are monthly franchise costs you still need to pay. Question is, does the Turnover cover all those expenses? My guess is, you wont even break even if you buy that Sasol.
Based on you analysis how long will it take to break even or make the return of investment?
@@teddyoriclips3686 Here is basic facts you need to establish. Find out on average how many litres a month of fuels these petrol stations sell. Find out the average margin or profit percentage per litre. It seems to be around 15% but you have to establish if that is after all other costs like labor, rent, fees etc. Assuming you can make 10% profit on 350,000 so your profit would be 35,000 a month based on this guys numbers (assumption). Now figuring out your break even is easy Math.
If you make 35,000 a month, you annualize that you get 420,000 a year. So to get back your investment it would take you of 5,5 million it would take you about 13 years. If you factor in annual sales growth, price increases etc probably close to 10 years. That is only based on fue sales. The other things sold in a petrol station have higher profit margins which will further reduce the time to recover initial investment. At a minimum it will probably be close to 7 or so years. If you have those facts guys like me can model for you exactly how long it would take to break even and or become profitable for a reasonable fee off course hahaha
Thanks alot for this information
Lekker I like it thank you!.
Wow thank u so much,but can you also provide us with shares that i can invest in
IAM motivated
Thank you very much regarding the information you provided in this video I am interested in this business spoke to my husband over the weekend
There's a new one that is budget friendly for buyers... For R1.6m you can buy a franchise and start making money... PEU ENERGIES, and plus it's affiliated with Sasol I think, from what I heard... They are targeting the rurals area... It's growing big in Limpopo and I personally want to but it...
This video is productive it actually gave me what I needed thank you
hi are you starting a fuel station
Petrol station businesses in South Africa pumping 500 000L a month or more with convenience store sales (turnover not profit ) of R1,5M pm are considered top 10% sites and is making 4-5M profit a year.
When these businesses do become available, the price to earnings multiple of 3-4 you effectively pay the owner 3-4years net profit. In my example above R15M-R20M.
These are some real facts, let’s not mislead people in videos, it’s a great industry and employs thousands of people in South Africa, for the amount of work required the dealers aren’t fairly compensated for it. The oil companies and government taxes make up 85% of the cost per litre in fuel.
Profit ≠ Turnover . I think you're mistaken in your representation of these concepts. From what i heard , it sounds like you're describing turnover as profit. For a convenience store to make a profit of 1mil/month. The store would need to earn minimum 3,5mil turnover. That would not include franchise fees , salaries , utilities and tax as a consideration. Hope this helps
Thanks for the content ! I work in fuel and property
Great job! 🔥🔥🔥🔥🔥
Thanks for sharing this info. So.e years ago Sasol required R1.1 mil.
The are others Elegant, Viva, Puma and MBT they growing more affordable some and better franchise agreements.
that engine garage is my stop when I am traveling to Port Elizabeth
I love your halp
What's the name of that movie you just shown quickly? 🙏
Are there any other fuel brands other than these monopolies
I haven't found anything in other fuel or petrol stations concerning buying into their franchise.
Catching up here📍📍from Simz’s channel
This is now your second home please subscribe for more information. ✊🙏🙏🙏🙏🙏
Misleading info /maybe in Garungkoeha
I'm interested on this one
So please can you help with where can you find the office of each company
What are you looking for? I can help
Total left and Shell south africa this year
Please do more of this VIDEOS.
I myself I'm learning to study how to raise CAPITAL,so that I can start my own business or buy a Franchise
Hi Bongz! Its Bucks here wow I'm glad thers ppl like u lol we won't blame u😂😂... al I wanna knw is dat do i do if i have a land n i wana start something like dat?!! Wat do i d0😅🙏
Thank you Bongani please talk about animal especially pigs how sell pigs to abbotonirs5
You didn't mention ExxonMobil or Texaco, Agip, Enemed
when you buy franchise what do you get?
I will upload a podcast video soon explaining all that, please be on the lookout for it. 🙏
@@sabusinessideasandjobsinterested
Thank you my brother for business idea
I am sure not 4 million profit with wollies or even a 1 million, maybe very few of these stores can make a million or more of pure profit. Revenue yes even 5 million but it is extremely expensive to operate these stores especially if they form part of the franchise also
How much does Caltex cost?
My friend I am in this business right now. Owning a petrol station come with different ways.
How much profit you make per litre(petrol)..I always ask myself do you make money on petrol
thank you for this information and knowledge regarding petrol station in SA... looking forward to more information about petrol stations
I make petrol station branding and am looking for opportunities or clients
I want to own a garage in future
❤❤❤❤❤❤❤ hot 🔥 very informative keep it up
You can't make 1m in a day for only a shop only
Info is sketchy but you tried big boy bad at all, do more research and you can will assist us a lot in this way
Free petrol
I am sure this guy doesn't have any business. You must research the realities of franchise. It is never your business it just sounds nice to say your buy there is nothing you are buying. Others end up heavily indebted to banks because of misleading information like this
You lying about profits...😅😅😅
How can a filling station make 1 million profit a month.
It can with the best location. It's all about trapping money in a certain location
Can you please hook me up with a person from EC
Please be specific for what? 🙏
do more research
1 million rand profit 😅
Misleading video. Bongani is readying the info online without any practical knowledge nor experience. Presenting word of mouth as business advise. plug n play LOL.. why isnt he plugging and play if it was a money factory😂😂😂
Am a Zambian i want to invest in South Africa.
Wish i could get your contact Man 😮😮
Hi Buti Bongz
Thank you
But still need your help about this business idea can you please reply with your email 🙏
Please send a DM on my Instagram account bongani_masuku5