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 does it cost to start a bottled water 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).
Is bottled water business profitable?
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.
What does it take to start a bottled water company?
Starting a bottled water company requires among other things:
- A huge amount of capital.
- A production space and storage space for the bottled water.
- Distribution channels.
- Sales channels.
- Retail and wholesale agreements.
- A Business License.
- Inventory and accounting software.
- A whole bunch of other stuff you need to research.
22.03.2019
How much will it cost to start a pure water factory in Nigeria?
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 is a bottle of water in Nigeria?
Cost of Living in Nigeria
| Restaurants | Edit |
|---|---|
| Water (1.5 liter bottle) | 181.90₦ |
| Bottle of Wine (Mid-Range) | 1,500.00₦ |
| Domestic Beer (0.5 liter bottle) | 308.55₦ |
| Imported Beer (12 oz small bottle) | 493.40₦ |
Can I sell my own bottled water?
Once you have met the requirements to bottle the water and sell it in your state, you will need to go through a similar process for each state where you plan to sell the water. Most states require that you be certified before you can sell water there even if you produce the water in another state.
How much money do water bottle companies make a year?
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.
How do I start a pure water business?
Steps to start a pure water business:
- Business plan. …
- Register the business with the Corporate Affairs Commission (CAC) and NAFDAC. …
- A befitting place for business (factory site) …
- Sink a borehole and install tanks overhead. …
- Install distillation system for water purification. …
- Get a sealing machine. …
- Get packaging materials.
How much money do water stores make?
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. As the business expands, however, money will need to be managed effectively to ensure proper scaling.
Can I bottle my own water?
There are certain regulations that specifically address those that bottle so-called spring water and mineral water. … You can store your own water if you use the proper containers and follow proper sanitation methods.
How much does a water bottling plant cost?
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.
Is a water store a good business?
Water Stores are a business with very low startup costs for anyone that wants to get into the water business. Water Business USA has experience with installing water stores for over 20 years and has over 600 stores worldwide. It is a very simple business to run and can easily be profitable.
Can I sell my spring water?
It is illegal for you to just sell it to the public without having your water tested and regulated, the fines are steep. … All water (spring and other) must adhere to strict contaminant levels regulations meaning your water MUST be filtered and treated.