Is bottled water business profitable 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 about 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.

Is selling bottled water profitable?

How much profit can a bottled water business make? Profits can range between 100% and 500%, or more.

How much money does a bottled water company make?

In 2018, the producer revenue of bottled water in the United States amounted to approximately 18 billion U.S. dollars. For the fifth consecutive year, U.S. revenue of bottled water showed a continued upward trend.

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Characteristic Revenue in billion U.S. dollars

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

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 do I need to set up a pure water factory in Nigeria?

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 can I start bottled water factory in Nigeria?

How To Start A Bottled Water Production In Nigeria

  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.

Do I need a license to sell bottled water?

generally yes, a roadside vendor permit from the county.

What is the number 1 selling bottled water?

Dasani is one of many brands of Coca-Cola bottled water sold around the world. Dasani’s product is tap water, filtered and bottled, with added sodium.

Top 10 Water Bottle Companies in the World 2020.

Rank Water Bottle Company Headquarters
1 Aquafina Wichita, Kansas, USA
2 Dasani Atlanta, Georgia, USA
3 Nestlé Vevey, Vaud, Switzerland
4 Danone Paris, France
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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 do I market my bottled water business?

Seven Ways to Use Your Branded Promotional Bottled Water

  1. Reception Area Amenity. A good impression is usually made within a few seconds of a client entering your office. …
  2. Charity Runs/Walks. …
  3. Swag Bags. …
  4. Tradeshows. …
  5. Company Meetings. …
  6. Community Events. …
  7. Sponsorships.

What is the price of bottled water?

Economic and Environmental Cost Breakdown of Bottled Water

The average plastic bottle of water costs $1.29. The water itself accounts for less than $0.00001 and the rest is a markup based on plastic bottle production, including packaging, marketing, and other factors to increase the price.

How much is the bottled water industry worth 2021?

The market size, measured by revenue, of the Bottled Water Production industry is $7.8bn in 2021.

Are water stores 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.

How do I start my own water business?

Steps to Start Mineral Water Plant Business

  1. Know the market opportunity. …
  2. Certification and License. …
  3. Good area and locality for the mineral plant business. …
  4. Requirements of the Water purification process. …
  5. Select the right machinery. …
  6. Steps of water purification. …
  7. Marketing and branding.
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