Does anyone know how profitable it is runing a cng/petrol pump business heard a couple stories of people making over 40lak/ month in this business.
Yes, CNG pump owners used to earn 15-20 lacks per month easily with an investment of 1.5 crore back in 2008. I wish I had the money back then and had availed the opportunity as things dont seem to be that good now especially in Punjab where CNG pump owners are in deep trouble and in other places, the investment capital has increased a lot so it is out of reach for many people.
However, I would also like to know about the current situation, other members with latest knowledge are requested to share their info with us.
Every business in profitable, until and unless you are into it and know the ins and outs. Not everyone can do any other business by just looking or hearing others making good profit on their business.
CNG/Petrol Pump business is a good business, but the location of the pump is very important in it. You also have to keep in mind the future of this business, as in Punjab between 1 KM their are 4 pumps, then pressure issues, load shedding, Gas future in Pakistan, Government intentions about this business, Gas supply, LPG etc, all these things should be considered before making any such move.
Cng station for sale on Multan road lahore
03224213971
Contact Oil Marketing Companies and seek their guidance with respect to their expansion plan. Normally they would pin point you location where they are looking for sites. Discuss site potential,do your maths then buy property. Approach OMC for licence, they will run the commercial feasibility and will accord the licence in due course of time.
OR....Buy CNG station at good location and try to convert it to petrol Pump.These days its very difficult bcz every CNG station is pursuing the same route.
Remember the key success factor for profitable Fuel court business is "Location"
Any CNG Station In KPK for sale