EXCLUSIVE!!! The ‘mathematics’ of the filling station business - Our list of Filling stations and Tankfarms for sale/lease!!!

Presently, the pump price of Petrol is N97 per litre, diesel cost about N150 per litre, and kerosene cost N130 per litre. The depot price of Petroleum Product marketing Company, PPMC, the business arm of NNPC, a litre of petrol is N87.66. This means that a filling station operator will gain N9.34 per litre of petrol bought from the depot and sold at the pump price. For a tanker of 30,000 litres, the operator will make a gross profit of N280, 200. The depot price of diesel of N130 per litre also gives a profit margin of N20 per litre for each operator. In a tanker of 30,000 litres supplied to a filling station, the operator will make a gross profit of N600, 000. For kerosene, the depot price is N102 per litre while the pump price is N130 per litre. There is a profit margin of N18 per litre for the operator. In a 30,000 capacity tanker of Kerosene, the gross profit is N540, 000. For the sale of a full tanker of 30,000 litres each of kerosene, diesel, and petrol, a filling station operator makes a gross profit of N1, 420, 200.

It is clear that for a filling station owner, volume of product sold directly affects the profit he/she makes. This is because the  business overheads: salaries, power generation, Government levies etc. are more or less fixed and so if you can push your sales, the profit will go up. Sales is a factor of location (the best location gets more customers) and capacity (the more pumps, if you have the customers, means more sales as even if you have the customers but no pumps, there’s a limit you can sell).

The brand of the station also affects its patronage and therefore its turnover. There are two types of operators of filling stations: Dependent Marketers and Independent Marketers. A Dependent Marketer holds a franchise of a major oil marketer. His facilities are fully branded by the major marketers. The major marketers are the established brands like Texaco, Mobile, AP, Oando, Total, etc. The dependent marketer builds his business under the ‘umbrella’ of the major marketer. The advantage is that the dependant will be riding on the back of the chosen major marketer and inherit their customer base within the business location, and as they keep marketing their brand, the dependant keeps making business from the popularity of the brand. Another advantage is that the dependant will have products delivered directly to his filling station and on time by the chosen major marketer as they already have the logistics. But it has its disadvantage; the dependant will miss the opportunity of building his own brand and he must follow the dictates of the oil marketing company.

The Independent Oil Marketer owns and runs his business, buys products directly from NNPC and has a representative at PPMC depot by NNPC. He can build his own brand and marketing logistics. His disadvantage he bears the burden of transporting the fuel from the depot to his filling station. Also generally, motorists prefer buying from the major brands than the independents.

Another way filling station owners can push turnover is by selling other items/services to persons who come to buy petrol (engine oil, tyre services are quite popular)   or use their vantage position to rent out shops/stalls to others (some fast food restaurants are located in petrol stations)

Filling Station / Tank Farms for Sale/Lease

Call Mr Segun Babs for further inquiries on any property of interest.

	Description	Location	Price
	Functional filling station with car wash, 5 pumps. Lease, minimum of 5yrs.	Agbado Crossing	N3m per annum. (Rent)
	Filling Station with 6pumps on two plots of land	Aba Emu bus stop, Akaran, Ibadan.	N45m.
	Filling Station on 5,071sqm	By Tollgate, Along Ibadan – Ife Express.	N50m.
	Functional Filling station with 8 pumps	Ore, Ondo State.	N55m.
	Two functional Petrol filling stations	Along Sango-Ota-Idiroko road.	N60m each.
	Petrol station 2 plots of land, with 6pumps	Sango.	N70m
	Filling station with 6 pumps of office block on 897.777sqm, vacant	Ijoko Agbado road, Ota Ogun State.	N75m
	Petrol station on two and a half plot, with 9pumps,	Along Ijoko Road, Sango.	N95m (Yes)
	6 pumps on 4 plots new.	Along Shasha Road,	N100million
	Filling Station	Kwali-Abuja Expressway.	N100m (Asking)
	Fuel station opposite the stadium	Asaba / Benin Expressway.	N110m (Yes)
	6 pump functional filling station with C of O	Egbeda / LASU  Road	N120m asking
	Functional Filling Station of 6pumps with all approval	Ikotun Road, Egbe.	N160m (Net)
	Filling station,  pumps on plots of land	Ikorodu Town by Agric B/stop	N170m
	Newly renovated Filling Station with 2 wing office block on 2floors on 1,343sqm with a large setback.	Lagos – Ibadan Expressway.	N180m.
	12 pumps Filling Station	Eleko bus stop, Lekki Epe Express. Title: Good.	N180m. (Yes)
	Filling Station with 5 underground tanks, 3 pumps, 1 Kerosene, 1 Diesel and 2 wing office premises on 2 floors on 1343.18sqm	OPIC Beachland Estate, Lagos – Ibadan Expressway, Ibafo, Ogun State.	N180m (Yes)
	Filling station 8 pumps vacant ready R/C on 1 acres of land.	Ikotun Idimu Road	N250m
	Functional Filling station with 8 pumps on 3plots of land	Ikotun.	N270m.
	Functional petrol station, 3plots of land with C of O, DPR license, NNPC lifting right, 5 underground tanks, 6 pumps, canopy, an office story building, lube bay, 2no warehouses, mini mart, 12nos offices and stores, others are car wash/borehole, lab offices and generator house, very large concrete driveway.	Located at Ejigbo.	N280m
	6 pumps with mart, car wash on 2 (nos) plot of land	Ikotun Egbe Road by Synagogue Church	N300m (ONO)
	Purpose built service stations	Along Lagos Ibadan Expressway, Ogere, Ogun State.	N300m (Asking).
	Functional filling station with 6 pumps and a storey building on 3 plots	Ejigbo.	N300m
	A Filling Station with 6 pumps on 3plots of land	Opposite Govt. Model College, Ikorodu. Title: C of O.	N400m (Asking)
	MRS Filling Station	Agric B/Stop, Ikorodu.	N500m (Asking).
	Filling station with 6 pumps on 2000 sq meter	Ikorodu Road	N550m
	A Filling Station with 8 pumps. Title: C of O.	Fadeyi	N550m
	A Filling Station with12 pumps on 5 plots of land. Title: C of O.	Ketu	N600m (Asking)
	A Filling Station with 6 pumps on 5 plots of land Title: C of O.	Kudirat Abiola Way, Oregun.	N650m.
	11 pumps, DPR, Lagos State Approval for Filling Station, Office Complex on 2200m2	Igando before Eleko, Ibeju – Lekki, Lagos.	N700m.
	Petrol filling station with 8pumps & 2floors office complex on 5,300sqm	Along Lekki – Epe Epressway, by VGC	N1.25b.
	A Filling Station with17 pumps on 1 acre of land with 2 story building Title: C of O.	Lagos – Ibadan Exp.	N1.5b (Asking)
	A filling station still under construction	Apapa.	N1.5b (O.N.O).
	Functional filling station on 5,900m2, an Eatery, a two storey office complex and strategically located.	VGC Bus Stop, Ajah	N1.5b
	A Filling Station with 27pumps on 2,800sqm land. Title: C of O.	Lagos – Epe Expressway before Sangotedo	N2b. (Asking)
	A Filling Station with14 pumps on 2 plots of land	Along Lekki – Ajah Expressway. Title: C of O.	N2b
	Mega Filling Station (uncompleted)	Apapa – Oshodi Exp.	N2b
	Newly built Mega Filling Station at Mile2, with 16pumps (PMS), 4 pumps (DPK) and 8 underground tanks on 1 acre of land. DPPR approved.	Along Apapa - Oshodi expressway,	N2.5b
	Tank Farm on 4,203m2 with total capacity of 21.5 litres.	Apapa port	N4.5b.
	30,000mt Tank Farm on 10,000ft2 + Jetty	Calaba EPZ	N4.5b
	Tank Farm with Jetty on 4230m2, 21.5m litres.	NPA Wharf Apapa	N7.5b.
	21.5mt Tank Farm on 4230m2 land.	Apapa Wharf	N7.5b
	A tank farm situated on 2 acres of land, with Jetty size of 12,500MT plus a private jetty of 10m depth that can accommodate 2 large vessels with an administrative building. (Fully operational)	Apapa	11billion.
	40,000MT Tank Farm & Jetty on 8,000m2 land, with office complex & facilities.	Apapa Warf	N40b