Quick Answer: How much do I need to start a pure water business?

How much will it cost to start 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.

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.

How do I start selling pure water?

How to Start a Small Business Promoting and Selling Pure Drinking Water

  1. Formulate a Business Plan. …
  2. Obtain Licensing and Compliance Certificates. …
  3. Secure Startup Funding. …
  4. Select a Central Production Location. …
  5. Hire and Train Employees. …
  6. Devise a Marketing Strategy. …
  7. Implement an Advertising Plan.
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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. … Register your business name.

How much does it cost to set up a water bottling plant?

How much does it cost to set up a water bottling plant? You can set up a small factory with the investment of Rs 15 lakhs or you can opt for a large factory with a high production capacity in 75 lakhs.

How do I start my own water company?

Start a bottled water business by following these 10 steps:

  1. Plan your Bottled Water Business.
  2. Form your Bottled Water Business into a Legal Entity.
  3. Register your Bottled Water Business for Taxes.
  4. Open a Business Bank Account & Credit Card.
  5. Set up Accounting for your Bottled Water Business.

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.

How do you succeed in pure water business?

To start and run a successful pure water business in Nigeria, here are important things to put in place:

  1. Have A Business plan. …
  2. Acquire Land and build. …
  3. Sink a Borehole and Install Tanks Overhead. …
  4. Install A Water Treatment System. …
  5. Get and Install Necessary Equipment. …
  6. Get the Necessary Materials. …
  7. Register the Business.
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What are the challenges in pure water business?

The major cost factor in the table water business is the cost of the packaging materials and maintenance of filtration system.

  • Business registration: You need to register your business name. …
  • Trademark registration: After registering your business name, then you need a trademark.

Is selling water a good business?

Providing safe drinking water at a low cost can also be a business model that is very profitable. … Some projects sell water in plastic bags for $0.02 USD per half liter; while the cost to produce is about $0.01 USD each. One of the key factors is to sell the water at a low cost and make money on the volume.

How profitable is a water store?

How much profit can a water refilling business make? A successful water refilling business can net its owner as much as $40,000 per month.

Is bottled 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 is a bag of pure water in Nigeria?

This means that a 50 cl sac of ‘pure water’, which was sold for N10 before now, is now sold for nothing less than N20 to N30 depending on the area. Resellers such as cold room operators may sell at N240 a bag.

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.

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How do I start a sachet water business?

Setting Up Sachet Water Production

  1. Register your business name. The name your water products will be known for. …
  2. Sink a Borehole. …
  3. Install Overhead Tanks. …
  4. Install Distillation System. …
  5. Get NAFDAC Approved. …
  6. Acquire Automatic Sealing Machine. …
  7. Employ Staffs. …
  8. Distribution Mechanism.