What You Need To Start Cooking Gas Business Startup Capital¨C 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 profitable is cooking gas business in Nigeria?
How Profitable is Cooking Gas Business in Nigeria Let¡¯s take the 12.5kg cylinder as a case study, the average profit you make from 12.5kg cylinder of cooking gas is N500. You buy for unit cost of N2,500 or less and sell for N3,000 or higher. If you sell ten cylinders in a day at the average profit margin of N500, you will be making N5,000 daily.
Where can I find oil & gas in Lagos?
Some oil and gas companies in Lagos include Lubcon Limited, which is located at 39, Curtis Adeniyi Jones Close, off Adeniran Ogunsanya Street, Surulere. Oando Group is located at Stallion House (8th-10th floor), 2, Ajose Adeogun Street, Victoria Island. Their contact details are: Lubcon Limited – +234 1 5850281, 5845873; Oando Group – +234 1 2601290-9.
Is Lagos a good place to start a business?
The class of people that use cylinder gas cooker are more in the urban area. almost every part of Lagos is good for the business but some places are better than the others. Marketing¨C When your business is up and running. You need to employ every marketing strategy you can muster to increase your profitability and stay afloat.