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.

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 profitable is bottled water business in Nigeria?

Objective for Bottled Water Business Plan in Nigeria Increase revenue from the sales of Bottled to N40,000,000 over two years. To maintain profit margins at 20-25% through close attention to expenses and cost of raw materials. To drive awareness and drive sales through referrals and social media campaigns.

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.

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.

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).

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.

Is bottle water business profitable?

Bottled Water is a profitable business, 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.

Is pure water factory 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.

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%.

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How do you start a water bottle in Nigeria water Factory?

1. Business and NAFDAC Registration. To begin, you will need to register your business with the CAC as a limited liability company. …
2. Hygiene. …
3. Chose a Location Not Far from Town. …
4. Space to Accommodate Production. …
5. Water Treatment. …
6. Bottling. …
7. Delivery and Delivery Trucks.

How do I start a water bottling company in Nigeria?

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 much does it cost to get a nafdac registration number?

MEDIUM SCALE COSMETICSAPPLICATION FORM2500500REGISTRATION FEE300006450INSPECTION FEE300006450TOTAL6250013400

How do I register a pure water company with nafdac?

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.

How do I register for nafdac online?

1. Step One: Get NAFDAC Registration Form. …
2. Step Two: Submit Your Registration And Application Form. …
3. Step Three: Submit Samples Of Your Products. …
4. Step Four: Make Necessary Payments. …
5. Step Five: Certificate Collection.

What business can I start with 500k?

• 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 business is profitable in Nigeria?

1. Oil and Gas business. The simple truth is that Nigeria and to a large extend, the world, still depends on oil and gas. …
2. Agriculture business. …
3. Food business. …
4. Blogging Business. …
5. Real Estate business. …
6. Furniture business. …
7. Hotel business. …
8. Transportation business.

What are the challenges in pure water business?

• You Start seeing foreign materials and sediments in the products.
• The water develops unpleasant taste.
• After production leakages and spillage becomes too much causing waste.
• Coliform levels increase.
• Water Odour.
• Occurrence of Reverse osmosis issues (This is problem in the purification system)

How much does a water 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.

How can I earn daily income in Nigeria?

1. Barbershop. …
2. Professional Car Wash. …
3. Laundry and dry cleaning services. …
4. Start A POS Payments Service. …
5. Sports Viewing Centers. …
6. Betting Shop. …
7. Makeup Studio. …
8. Freelance Writing.

How do I start a sachet water business in Nigeria?

1. Get a place of business. …
2. Register your business name. …
3. Sink a Borehole. …
4. Install Overhead Tanks. …
5. Install Distillation System. …
6. Get NAFDAC Approved. …
7. Acquire Automatic Sealing Machine. …
8. Employ Staffs.

How do you make pure water?

1. 1 – Boiling. Boiling water is the cheapest and safest method of water purification. …
2. 2 – Filtration. Filtration is one of the effective ways of purifying water and when using the right multimedia filters it’s effective in ridding water of the compounds. …
3. 3 – Distillation. …
4. 4 – Chlorination.

How do I become a water distributor?

As a water distributor, you will need to register your business with your state and acquire a sales tax permit. Select a brand of water to distribute. You may choose to distribute bottled water, filtered water, purification systems or even multiple brands.

How much money do plastic water bottle companies make a year?

In 2019, per capita of bottled water consumption approached 44 gallons in 2019, while average intake of carbonated soft drinks dipped below 37 gallons. 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.

How do I get a nafdac import permit?

1. You must be a registered company in Nigeria, with CAC documents.
2. Products should have the Material Safety Data Sheet – MSDS of the chemical.
3. You must have employed a technical officer with a minimum of OND qualification in chemistry or related field of study.

How do I get a trademark in Nigeria?

In Nigeria, for a trade mark to be registered, it must contain or consist of at least the name of a company, individual, or firm, represented in a special or particular manner; the signature of the applicant for registration or some predecessor in his business; an invented word or invented words; a word or words having …

How much does it cost to incorporate a company in Nigeria?

Cost of registration of Private Limited Company (PLC) Cost of registration of Private Company (with share capital between N1 Million – N500 Million) – N5, 000 for each N1 million share. This means that if the share is N10 million for example, then this would cost N50, 000.

How do I renew my nafdac certificate?

B. 1. An application for renewal of product registration certificate shall be made on company’s letterhead addressed to Director, Registration and Regulatory Affairs Directorate, NAFDAC. 2. Applicant shall purchase and duly fill out the prescribed Form.

What is SOP in nafdac?

One of the required documents to be submitted during the NAFDAC registration process for manufacturers is the “Standard Operating Procedures (SOP)” for key operations.

How do I register under CAC?

1. Check for availability of the Business Name (click here. …
2. Complete pre-registration form – CAC-BNo1 and upload relevant registration documents(Online using Company Registration Portal)
3. Pay filing fee Check the Fees for our Services here.