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.
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.
How much can I use to start a gas business in Nigeria?
What You Need To Start Cooking Gas Business. Startup Capital – According experts (people who are already in the business) you can start conveniently with N300,000 and be able to buy more than 20 cylinders, get you a shop, and buy the initial products. The cost of shop in this regard depends on the location.
How do I start a gas station in Nigeria?
Follow these steps to start a filling station business in Nigeria:
- Make a Business Plan. It is important and imperative that one decides on the type of oil marketer he wants to be. …
- Registration. …
- Start the Construction. …
- Placement of Tanks and more. …
- Hire Expert Engineers. …
How do I start a gas business?
How to open a gas station in 9 steps
- Write your business plan.
- Register your business.
- Secure funding.
- Buy the property.
- Secure a gas supplier contract.
- Obtain necessary permits and licenses.
- Get business insurance.
- Market yourself.
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.
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.
What business is profitable in Nigeria?
Top Business Ideas in Nigeria You Should Consider
- Cosmetics Production Business. …
- Tomato Farming Business. …
- Gym Business. …
- Blogging. …
- Sale of Mobile Phone Accessories. …
- Mobile Phone Repairs. …
- Plantain Chips Production and Sales. …
- Ice block Production and Sale.
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.
How much is a tank of fuel in Nigeria?
Nigeria: The price of octane-95 gasoline is 166.38 Nigerian Naira per liter. For comparison, the average price of gasoline in the world for this period is 481.67 Nigerian Naira.
Nigeria Gasoline prices, liter, 31-May-2021.
|Nigeria Gasoline prices||Liter||Gallon|
How much does it cost to start a petrol station?
A local petrol station business set up costs range in the region of R15 million and R100 million depending on the size and site. Further to this the operation payable to the oil company ranges between R2. 5 million and R15 million, depending on the cost to develop, projected volumes and profitability.
Is buying a gas station a good investment?
If you are an aspiring investor, then gas stations are a great option if located and run properly. They can be a reliable source of some healthy profits. If you have the right capital and expertise, then starting a gas station should be a viable alternative for you.
What business makes the most money?
The Most Profitable Business by Sector:
- Accounting = 18.4%
- Lessors of Real Estate = 17.9%
- Legal Services = 17.4%
- Management of Companies = 16%
- Activities Related to Real Estate = 14.9%
- Office of Dentists = 14.8%
- Offices of Real Estate Agents = 14.3%
- Non-Metalic Mineral and Mining = 13.2%
How profitable is a gas station?
The actual sale of gasoline is not really profitable in most cases — the average margin is just 1.5-2 percent — but, that’s why most gas stations are combined with other services such as a convenience store, car wash, or service garage.