How profitable is bottled water business in Nigeria?

With the right management practices, one can make significant returns on investment and even break even within three years of investment. As a matter of fact, the average Return on Investment (ROI) on bottled water production is 300%, and any figure short of that means there is a leak somewhere in management.

How much does it cost to start a bottled water company in Nigeria?

NAFDAC registration costs about N50,000 excluding hidden costs and charges, and the CAC demands a business name registration which costs about N10,000 and the registration of the business itself which may cost you between N50,000-N100,000.

How much profit do bottled water companies make?

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%. Ironically, as select corporations become richer because of these profit margins, many in the developing world lack access to clean water.

How much does it cost to start a water bottle company?

Starting a bottled water business on your own requires an initial investment of $10,000 to $50,000. Also, consider rent, utilities, employee wages and other ongoing costs. Working with a private-label bottled water supplier can save you time and money.

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How do I start a bottled water business in Nigeria?

  1. Conduct Adequate Market Research. The first step in conducting any meaningful market research is to decide what you really need to find out. …
  2. Write a Business Plan. …
  3. Decide on a project location. …
  4. Get The Needed Licenses. …
  5. Buy and Install Needed Equipment. …
  6. Get Your Bottles. …
  7. Hire The Right Employees.

10 февр. 2020 г.

How do I start a pure water business?

What You Need To Start Pure Water Production Business

  1. Write your business plan. …
  2. Purchase Land. …
  3. Construct Bungalow. …
  4. Install Distillation System. …
  5. Buy Automatic Sealing Machines. …
  6. Buy a Supply Truck. …
  7. Employ Factory Workers. …
  8. Get NAFDAC Approval.

Can you make money selling bottled water?

“It’s actually pretty easy to make money selling bottled water. If you’re in a high traffic area you could move anywhere from 20-50 bottles an hour. You can usually charge between $1-$2 per bottle. Depending on the price you want to charge and the profit you want to make per bottle, you could be making up to $75/hr.

Is a water store profitable?

Water stores are part of the fast-growing water business worldwide and they are the lowest cost method to sell purified drinking water. Water Stores are a business with very low startup costs for anyone that wants to get into the water business. … It is a very simple business to run and can easily be profitable.

Do water companies make money?

That’s right, utilities do not earn profits on the products they sell—gas, water, and power are provided “at cost” to consumers—but rather from the investment in the assets (the pipes, substations, transmission lines, etc.) that are used to provide the service.

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Can I bottle my own water?

According to the CDC any water that is not commercially bottled should be discarded after six months (CDC, 2014). However, long-term storage of bottled water may result in aesthetic defects, such as off-odor and taste. …

How can I invest in water?

4 Ways to Invest in Water

  1. #1: Invest in Private Water Infrastructure Companies. …
  2. #2: Invest in Public Water Stocks. …
  3. Which Indexes to Look Into for Water Investing. …
  4. #3: Invest in Public ETF’s. …
  5. 4 Best Water Exchange-Traded Funds. …
  6. #4: Invest in ESG Funds with a Focus on Water.

30 окт. 2019 г.

How much does a water bottling plant cost?

For the most part, startup costs for a water bottling plant begin around $750,000 and can cost up to $1.5 million or more as the size of the operation increases. You can expect costs for a license from the FDA and a permit from your state health department.

How much is a bag of pure water in Nigeria?

In Lagos, it goes for N120 a bag/ N10 a sachet. In Niger, it goes for N80 a bag/ N5 a sachet. In Ogun, it goes for N100 a bag / N10 sachet.

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