Thanks to Tamarin Vorster from Bishop Bavin who kindly shared this article with the Business Studies community via our platform
How to open a petrol station franchise in South Africa – and how much it costs
Staff Writer 10 July 2018
One of the more resilient industries capable of delivering healthy profits during times of slow national economic growth is the fuel retail industry, says James Noble, a business development manager at Absa Business Banking.
“The industry proved itself to be recession proof. This makes the sector a worthwhile consideration for people thinking of financial independence and wealth creation opportunities as well as existing business owners seeking to add to their growing business portfolio,” Noble said.
There are around 4,600 service stations which pump approximately 300,000 litres of fuel per month nationally.
Service stations are owned and operated by individual owners, but in most instances the land – and assets on it – is controlled by the big six oil companies, Absa noted.
Read more at https: //businesstech.co.za/news/energy/257573/how-to-open-a-petrol-station-franchise-in-south-africa-and-how-much-it-costs/