Help with Business Plans in Cape Town if You Want to Buy Fuel Stations
You look at the retail margin on fuel and realise that owning a fuel station in Cape Town can be profitable with consideration of the costs that must be covered by the price per litre. You identify a suitable petrol station for sale, but soon realise that unless you have a solid business plan in place, you cannot get finance. This is true also for passing the franchisor requirements. However, unlike with business plans for smaller enterprises, you cannot use a generic template when it comes to fuel stations.
Fill stations in Cape Town must adhere to the municipal bylaws of the city and comply with the environmental regulations as relevant to the city. Business plans for such must thus be relevant to the operation environments of the fill stations in Cape Town. Zoning restrictions, air pollution and noise pollution regulations, signage requirements, and more as related to the city specifically must be considered. In addition, you must address issues, such as the litres pumped per month, the profit margin, nearest competition, specific location, and the demographics related to the particular fuel station.
You also need to consider consumer behaviour, such as the latest trends showing that motorists now make more stops at fill stations during the month. Is this trend related to the higher fuel price? How much working capital must you have for two days’ worth of fuel supply? Did you know that for every increase in the fuel price, you must add onto the minimum amount required for working capital because you must have more money available for at least two days’ worth of fuel? Do you know how much money you must have available for a delivery of 40 000 L of fuel? Do you understand the RAS system?
Do you know what the minimum wage per forecourt attendant is according to the latest MIBCO collective agreement? Do you know the same for the minimum wage for a forecourt cashier? All these and many other factors must be considered in your financial projections. Conventional templates for business plans simply do not work when it comes to fill stations. You need the help of professionals to ensure an accurate and professional business plan for the fill station you want to start or buy in Cape Town.
Our team of consultants, industry experts, and accountants are here to help with business plans for fill stations, car-wash enterprises, investment houses, and more. Regardless of the industry, size, and operation focus, we can help you draft the relevant documents for purposes, such as investment funding, buying a venture, starting a new one or applying for a loan. Get in touch with our team of consultants in Cape Town to help you get started with the plans to submit to the relevant parties.