How are petrol stations valued? Simply put, petrol stations are valued on their trading potential, where a landlord and tenant will reach an agreement based on the 'fair maintainable trade' (FMT) at the relevant valuation date.
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.
⇒ 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.
Despite falling oil prices buying a petrol station can still generate healthy profit margins. Buying a petrol station ranges from roughly $90,000 to as much as $3.5 million, depending on a number of factors, including the location, size and profitability of the business.
“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. However, that second factor – the “market competition in their vicinity” – is where things start to get interesting.
The average salary for a Petrol Station Attendant is $22 per hour in Australia.
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.
The national average salary for a Fuel station manager is $55,000 in Australia.
The average gas station owner in Australia makes about $150 to 200 per day. However, this number can vary greatly depending on the gas station's location, the type of gas station, and the owner's business model.
Hong Kong. Hong Kong is the most expensive place on Earth to fill up your car. Prices there are $4.32 a litre, substantially more than double the international average.
The profit margin on 1 litre of petrol sold at a petrol pump can vary depending on the commission rate, operational costs, and taxes. On average, petrol pump owners in India make a profit margin of around ₹ 2-3 per litre of petrol sold.
Ampol Limited is an Australian petroleum company headquartered in Sydney, New South Wales. Ampol is the largest transport energy distributor and retailer in Australia, with more than 1,900 Ampol-branded stations across the country as of October 2022.
BP has a staggering 1400 locations across Australia. The big green and gold British Petroleum brand has a long history in Australia and if you combine the company's different sites around Australia it takes 16 per cent of the market (but the ACCC breaks them into two kinds, making up 10 and 6 per cent).
Fuel prices in Australia are set by the market. International benchmark prices and the value of the Australian dollar have the most influence on the price consumers pay for fuel.
Petrol station customers across the UK are set to be affected by a new policy which will see them paying a "hold charge" of £100 before they fill up. Retailers say that the change is being introduced to ensure that people have the funds they need to make a purchase.
A service station with no local competition can obviously charge more than one that has to compete for your business. The presence of independent retailers in an area will also usually drive down prices, as independents tend to have more flexible pricing models and tend to charge less.
A gas station makes roughly 1% net profit margin. With a national average gas price of roughly$3.50 per gallon, a gas station will make 3.5 cents per gallon in net profit after all expenses. You might also want to know how much gross profit does a gas station make per gallon of gas.
Station owners make most of their profits in their stores, on sales of food and drinks, as well as alcohol where sales are legal. “The idea is to have a very competitive gas price, and when they go in the store, you can make money off that transaction,” Lenard said.
The gross margin (or markup) on gasoline in 2021 was 30.9 cents per gallon, or 10.2% of the average price of $3.03 for the year. Over the past five years, retailer gross margins have averaged 27.2 cents per gallon, or 10.7% of the overall price.
How much does a Store Manager at Woolworths Group make? The typical Woolworths Group Store Manager salary is $112,500 per year. Store Manager salaries at Woolworths Group can range from $52,000 - $148,000 per year.
The average annual salary for Terminal Operator jobs in Australia ranges from $70,000 to $90,000.
An entry level gas station attendant (1-3 years of experience) earns an average salary of $45,902. On the other end, a senior level gas station attendant (8+ years of experience) earns an average salary of $51,158.
The parts cost of a fuel pump is usually between $75 and $250, depending on the vehicle.
There are an estimated 7,000 petrol stations currently operating in Australia. According to the state's public registry, there are 133 former service station sites waiting to be cleaned up in NSW alone along with hundreds more across Victoria, Tasmania, WA, and Queensland.