Your question: How much does it cost to start a 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.

How much will it cost to open a pure water factory in Nigeria?

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.

Is pure water business profitable in Nigeria?

HOW PROFITABLE IS PURE WATER BUSINESS IN NIGERIA. It is highly profitable but the profitability depends on how well you are able to cut down on the running cost. For instance if you are producing 26-28 per kilo then you are producing at a loss.

How much does it cost to start a water bottle 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.

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How much is nafdac pure water registration?

“The registration fee for sachet water which was N31,750 is now slashed by 50 per cent, making it N15,875, while that of food which was N52,750 is now N26,375 after 50 per cent slash.

Is pure water business profitable?

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.

Is water business profitable?

Is Bottled Water Business Profitable? The profit margin in mineral water business is highly dependent. If you sell 500-ml, 1-liter, and 5-liter jars, the average profit will be 10-15%. However, if you sell 5-liter jars, the average profit will be around 30-40%.

How much will it cost to set up a pure water factory?

Conclusion. 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.

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

Startup costs can range from $500,000 to $750,000 for a “bare bones” plant. However, some plants may require more capital, up to $1.5 million, or more, depending on the size of your operation. You will also need a license from the U.S. Food And Drug Administration (FDA).

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What business can I start with 500k?

In this piece, you will find 10 Businesses You Can Start with 500k in Nigeria.

  • Mini Importation Business. …
  • Sales of Clothes and Shoes. …
  • Barbing Saloon Business. …
  • Football Viewing Center/Game Center. …
  • Hair Dressing. …
  • Real Estate Business. …
  • Block Moulding Business. …
  • Computer Service Center.

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%.

How do I start a water bottling company in Nigeria?

Table of contents

  1. Conduct Adequate Market Research. …
  2. Write a Business Plan. …
  3. Decide on a project location. …
  4. Get The Needed Licenses. …
  5. Buy and Install Needed Equipment. …
  6. Drill a Borehole or Get Other Suitable Sources of Water. …
  7. Get Your Bottles. …
  8. Hire The Right Employees.

How do I register pure water with nafdac?

Basic Steps To Get NAFDAC Number For Your Bottle/Sachet Water.

  1. Step 1: REGISTER YOUR BUSINESS WITH THE CAC. Get your business registered with the Corporate Affairs Commission (CAC) wherever you are in Nigeria. …
  2. Step 2: REGISTER YOUR TRADEMARK. …
  3. Step 3: SETTING UP THE BOTTLE/SACHET WATER FACTORY.
  4. Step 4: NAFDAC REGISTRATION.