ALLIANCE Group’s new business broking division is reporting big demand for petrol stations from prospective buyers.
“There is a lot of action going on in the sales of petrol stations. They are easy to run and the petrol is certainly not where the buck stops. It’s the shop, the fast-food outlets, the cash machines, the car wash and all the peripherals that ultimately swell the bottom line,” says Rael Koping, who has been appointed to handle the petrol station sector in the brokerage business.
Alliance Business Brokers, was set up a month ago. The division specialises in businesses valued at R1m and above.
Koping says there are two categories of petrol station sales. In the first, the petrol station is owned by the fuel company but the operating licence for the business is offered for sale.
Alternatively, the land and the petrol station business are put on sale.
Where the operating licence is for sale, petrol companies are likely to insist on stringent black economic empowerment criteria and seek black empowered candidates as owner/operators.
