The fact remains that I've been pondering on delving into different types of profitable business and fortunately for me, someone introduced me to a cooking gas business with a six month apprenticeship training and fee of #20,000. But, i need to know how profitable is this type of business in Nigeria market and what will be the average capital I'll need to set up my own Gas BAY? Also does it worth investing on? I'll appreciate all sorts of professional ideas and comments, Thanks.

it depends on your target market and market research

I'm targeting various house user and probably eatories. For now,my research has been restricted to my environment,also I'm to out-beat at least two or three market competitors in my area. What do you think? Thanks as you reply

I worked on this sometime ago on this. Firstly you need less than 500k to start. The profit margin per sale of 12.5kg cylinder is about N600 which means you have to be in an area where the threshold, that is population can afford you to do good volume sales per day/week. A delivery vehicle from the point of purchase plant to your intended location will be an added advantage and of great value to the biz. Another way you can increase sales is a reduction of your sale price instead of making N600 you will make N400. That will increase your turnover fast. Marketing on a door to door basis and home delivery is also not a bad strategy to employ. But remember that new businesses always come with challenges and patience is the key. Like the bible says Paul planted, Apollos watered but only God gives increase. Pray for favor

Good contributions,keep the thread going

u can contact on 07030816569 or jide_adesina @aol.com for findings on that business

Bookmarked.