BusinessHABPure Water Production Setting Cost: One thing is certain when it comes to the sachet and bottled water production business.
If your water is well packaged and branded and if your production plant is centrally positioned and easily accessible.
You will always attract sales and that will sure translate to increase in revenue for the business.
Pure Water Production Setting Cost
Pure Water Production Setting Cost
This projection was done based on what is obtainable in the industry.
And with the assumption that there won’t be any major economic meltdown.
And there won’t be any major competitor offering same products.
And customer care services as we do within the same location.
Please note that the above projection might be lower and at the same time it might be higher.
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Pure Water Production Setting Cost
The opportunities for sachet water production companies are enormous.
This is due to the fact that sachet water is far cheaper than bottled water and people can easily afford it.
As a result of that, we were able to conduct a thorough market survey and feasibility studies.
So as to position our business to take advantage of the existing market for sachet water.
And also to create your own new market.
We know that it is going to require hard work, but we are determined to achieve it.
Read on: Feasibility study on pure water business in Nigeria
Pure Water Production Setting Cost
Starting a standard sachet water production company is capital intensive.
The bulk of the startup capital will be spent on leasing or acquiring a facility.
And also in purchasing water purifying and packaging equipment.
Asides from that, you are expected to purchase distribution trucks.
Pay of your employees and also pay utility bills.
These are the key areas where you will spend your startup capital;
- The Fee for registering the business in Nigeria – N15,000
- Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – N30,000
- Marketing promotion expenses for the grand opening of Glittering® Sachet Water Production Company – N15,000
- Cost for hiring Business Consultant – N20,000
- Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – N20,000
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Pure Water Production Setting Cost
- Cost for payment of rent for 12 month and renovation inclusive – N250,000
- The cost for purchasing and installing water purifying machines – N250,000
- Operational cost for the first 3 months (salaries of employees, payments of bills et al) – N150,000
- The cost for start-up inventory (supply of well – branded sachets, water purifying chemicals and fueling et al) – N150,000
Pure Water Production Setting Cost
- The Cost for purchasing a distribution truck – N800,000
- Cost for store equipment (cash register, security, ventilation, signage) – N10,000
- The cost of launching a website – N25,000
- The cost for our opening party – N70,000
- Miscellaneous – N50,000
You would need an estimate of N2.5 million to successfully set up a medium scale.
But standard sachet water production business in Nigeria.
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Conclusion
No matter how fantastic your business idea might be.
If you don’t have the required money to finance the business.
The business might not become a reality.
Finance is a very important factor when it comes to starting a standard sachet water production business.
BusinessHAB