Pure water is essential for good health. A lack of access to clean water can have negative effects on personal and public health, including the spread of diseases such as diarrhea, cholera, and typhoid. With Nigeria’s population predicted to reach 395 million by 2030, it is important that you consider the cost and requirements of starting a pure water factory in Nigeria. For starters, you need to be aware of the costs associated with running a pure water factory in Nigeria. This includes:
1) The cost of renting or buying property for your new business
2) The cost of getting clear industrial licenses and permits from local government
3) The cost of procuring raw materials such as pipes, filters,
Table of Contents
The cost of running a pure water factory in Nigeria
The land required Equipment and technology Security Taxes Permits Plumbing and pipe fittings The cost of building materials The cost of getting electricity Licenses and registrations 2) Cost of labour to run the factory All the salaries for people that will work in the factory The cost of utilities, telephone, and internet Basic equipment, fittings, and raw materials Composite cables, construction materials, electronics, etc.
Water sources for your pure water factory
Purchase and maintenance of bottled water machines and machinery All equipment needed to produce all the pure water products you intend to produce Training, on-going training and retraining to improve your operations Processing, packaging and distribution of the pure water produced by your factory 2) The cost of creating a brand new business in Nigeria Brand name, store fronts, products, packaging, distribution, online marketing, advertising and more Legal aspects of the new business Foundation work, building and other facilities for the new business Security and personnel to protect your assets and provide for your employees.
Requirements for starting a pure water factory in Nigeria
A mix of property requirements and financial costs. Property requirements include initial startup cost and the price of the building, land or land with buildings on it. For example, in Lagos, the average property rental in the area of $100 per month can be a good starting point for a property search. However, you should get quotes from several property vendors or brokers, which should include both cost and performance. These costs include: Startup cost – a budget based on the current cost of the property. This should include fees, furniture, and fittings. This might be around $15,000 or less depending on the property. Functional requirements – these will include equipment and fixtures, which can be covered by insurance or a rental deposit.
Pure water production licenses required
Research and development costs, if needed Licenses required for operating a pure water factory in Nigeria Business registration Nigerian Business Registry Fees Taxation Paperwork Commercial insurance Girderization costs Owning your own factory requires capital investment. If you’re currently working in the corporate world, it can be difficult to save money. A new business must focus on producing its product in order to make a profit. Make sure you have enough capital to get started. This includes startup capital for construction, which costs about $50,000 to $100,000 in South Africa. Also, make sure you have enough capital to last for 2-3 years until you’re established and can expand. In Nigeria, a single kilo of pure water will cost you $1.
How much is the expected investment?
How much is the landlord/tenant charge per month? How much is the cost to install the equipment needed for the business? How much will the business cost to setup? A reasonable budget would be around $1,000-$5,000 for setting up the business. 2) The cost of human resources (1 person) Training, training materials and cost Salary and operational costs (per person) Payroll, taxes, contributions and profit sharing 1st month’s salary (on an hourly basis) Annual Profit-sharing agreement for employees How much can you budget for the salary of one person?
Since the cost of pure water in Nigeria is reasonably priced, it is important to begin looking for locations to establish your pure water factory before engaging your supply chain partners. As you expand, you will likely consider purchasing more real estate or getting a business license to establish a water bottling plant. We recommend starting with 10,000 liters of water per day, and then working your way up to 100,000 liters of water per day. This way, you are covering most of the necessities that would typically be included in a raw water factory.If you have any question, feel free to use the comment box below and ask us. We will respond as soon as we can.
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