How profitable is cooking gas retail business in Nigeria?

Cooking gas business is lucrative and thriving in Nigeria as more people move from kerosene and firewood energy to gas. Some cooking gas retailers makes profit of between N5000 to N 10,000 daily depending on sales and dealing capacity.

Is cooking gas business profitable in Nigeria?

The cooking gas plant is the most profitable aspect of this business. It requires some bit of investment, but it has a higher return on investment. An average cooking gas plant can cost between N10 million to over N30 million to set up. But the profit margin is good enough to cover your cost within a short time.

How much does it cost to start a gas business in Nigeria?

A capital of about ₦10 million – ₦15 million should be enough to start your cooking gas business on a large scale. You can also make enquiries from trusted sources in the business on how much you will need to start it if you are not certain about the capital to make available.

Is cooking gas business lucrative?

How profitable is cooking gas business: The level of profit you make will depend on your volume of sales and turnover. On the average, the profit on every 12.5kg gas cylinder is ₦500. This means that it is possible to make at least ₦20,000 every month by selling 10 cylinders every other week.

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How do I start a cooking gas retail business?

Starting a Cooking Gas Retail Company – Sample Business Plan Template

  1. Learn everything you can about this business.
  2. Write a business plan.
  3. Find an ideal location.
  4. Install the needed facilities.
  5. Make arrangements for transportation.
  6. Handle the legal aspect.
  7. Insure your business.
  8. Start operations and marketing.

How do I start a small gas station?

Start a gas station by following these 9 steps:

  1. STEP 1: Plan your business. …
  2. STEP 2: Form a legal entity. …
  3. STEP 3: Register for taxes. …
  4. STEP 4: Open a business bank account & credit card. …
  5. STEP 5: Set up business accounting. …
  6. STEP 6: Obtain necessary permits and licenses. …
  7. STEP 7: Get business insurance. …
  8. STEP 8: Define your brand.

27.01.2021

How much is 12kg gas cylinder in Nigeria?

A 12kg used cylinder is sold for almost the same price as that of a 6.5kg cylinder. They are both sold for #12,000.

How do I start a gas station in Nigeria?

Follow these steps to start a filling station business in Nigeria:

  1. Make a Business Plan. It is important and imperative that one decides on the type of oil marketer he wants to be. …
  2. Registration. …
  3. Start the Construction. …
  4. Placement of Tanks and more. …
  5. Hire Expert Engineers. …
  6. Staffing.

What type of cooking gas is used in Nigeria?

Liquefied petroleum gas (LPG) is majorly used for domestic cooking in Nigeria, but is also used in power generation and a wide range of heating applications.

What are the best business ideas?

What are the best business ideas in 2021?

  • Partner with a dropshipper.
  • Design and sell on-demand t-shirts.
  • Launch your own book Create a Shopify store.
  • Build a Shopify app for online stores.
  • Sell a service Sell homemade goods.
  • Cloud kitchen or bakery.
  • Online coffee/tea store.
  • Start online classes.
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24.01.2020

How do I start a gas business in Zimbabwe?

How to register a gas and service station company in Zimbabwe

  1. Register your company in Zimbabwe. Register your company as a Private Limited Company.
  2. Apply for a bank account and tax clearance certificate. …
  3. Apply for a shop licence. …
  4. Register your company with EMA. …
  5. Register your scale with the Trade Measures Board. …
  6. Register your company with ZERA.

How is cooking gas measured?

Natural Gas Measurement. Natural gas is typically measured in terms of its volume at surface conditions and in thermal energy units. It is measured by weight only when it is in the liquid state (LNG). Because gas is compressible, its volume varies significantly with changes in temperature and pressure.

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