You should budget around $50,000 to start a pure water factory in Nigeria successfully.
How much does it cost to start pure water business in Nigeria?
Starting a pure water business in Nigeria is very lucrative and will require passion, hard-work and a reasonable amount of money. To start a pure water business in Nigeria, a start up capital of about three million naria is needed and you are good to go.
Is pure water business profitable in Nigeria?
Pure water business in Nigeria is very profitable but requires good amount of money. If you wish to invest in this business, I can assure you of the profit provided you do your home work very well which includes properly setting up of your business and applying good marketing strategy.
How do I start a sachet water production in Nigeria?
Setting Up Sachet Water Production
- Get a place of business. …
- Register your business name. …
- Sink a Borehole. …
- Install Overhead Tanks. …
- Install Distillation System. …
- Get NAFDAC Approved. …
- Acquire Automatic Sealing Machine. …
- Employ Staffs.
How do I start a sachet water business?
To start and run a successful pure water business in Nigeria, here are important things to put in place:
- Have A Business plan. …
- Acquire Land and build. …
- Sink a Borehole and Install Tanks Overhead. …
- Install A Water Treatment System. …
- Get and Install Necessary Equipment. …
- Get the Necessary Materials. …
- Register the Business.
What is the most profitable business in Nigeria?
Here are the most lucrative businesses in Nigeria:
- Oil and Gas business. The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. …
- Agriculture business. …
- Food business. …
- Blogging Business. …
- Real Estate business. …
- Furniture business. …
- Hotel business. …
- Transportation business.
Is selling water profitable?
According to industry analysts, after all the production, packaging and advertising costs are taken into account, the profit margins for convenience sized bottled water sales are a whopping 35 per cent. And, for the soft drink giants, bottled water is now twice as profitable as their carbonated drinks.
What business can I start with 500k in Nigeria?
This article will guide you on some lucrative business ideas that you can start with 500k in Nigeria.
- POS Business.
- Mini Importation Business.
- Egg Supply Business.
- Real Estate.
- Cooking Gas Business.
- Dropshipping Business.
- Dry Cleaning Business.
What is the profit margin on bottled water?
As you might assume, the profit margins in the bottled water industry are exceedingly high; the normal profit margin on bottled water is an astounding 50 to 200%.
Which table water is the best in Nigeria?
Best Pure and Bottling Water in Nigeria
- CWAY Nigeria limited Lagos.
- AQUAPAC limited Amuwo Odofin Lagos.
- RUSH premium table water limited.
- EVA table water by Nigerian bottling company NBC Lagos.
- NESTLE bottle water by nestle PLC.
- SWAN table water limited.
- RAGOLIS bottle water limited.
- AQUADANA limited Ibadan OYO state.
How safe is sachet water?
Results: There is 93.1% use of sachet water among respondents amongst other sources such as tap water, bottled water, well and stream water. Sixty seven percent of respondents affirmed that sachet water is safe. Analysis of the five different sachet water brands showed normal physical and chemical values.
Is sachet water business profitable?
The sachet water production is a formidable business. The profitability is unquestionable as this product is consumed in large quantity on a daily basis by citizens of this country, it is sure to yield profits if it is well managed, the demand of pure water supply is always on the rise.
How much is a sealing machine in Nigeria?
Here are the current prices of sealing machines in Nigeria:
Portable Household Anti Air & Water Erosion Electric Vacuum Packing Machine === ₦ 10,890 – ₦ 12,040. Electric Nylon Bag Sealer & Re-sealer Machine === ₦ 1,800. Multifunctional Vacuum Food Sealer Automatic Sealing Packer Packing Machine === ₦ 26,820 – ₦ 29,440.
How much will it cost to set up a pure water factory?
You should budget around $50,000 to start a pure water factory in Nigeria successfully. And keep in mind that you might spend less or more depending on the size and location.
How much does it cost to start a pure water factory?
1. Purchasing Land and Building the Factory: N5 million – N7 million. To start a pure water business in Nigeria, you need land, and depending on your capital, you can lease or build your own factory.
How much money is in the bottled water industry?
Consistent with that data, sales revenues for the U.S. bottled water market in 2019 were $19.4 billion in wholesale dollars, a 5.6% increase over the previous year. Nearly all of the bottled water sold in the U.S. is sourced domestically. In fact, imported bottled water accounts for only 1.9% of the U.S. market.