Overview of Gas Refiling and Retail Business in Nigeria

Using liquefied oil gas is becoming extremely important in Nigeria particularly since the government is canvassing for using Autogas. Cooking gas before now was limited to just the kitchen and to various other mega industrial purposes. Currently, there is a horrendous need for it.

In this whole setting, there is a money-making opportunity and you cannot afford to leave it on the table. If you have actually ever thought about beginning a retail business whatsoever, you ought to give Gas refilling a chance today at least, at a small scale. This is not just because everybody cooks, however likewise since next generation vehicles are designed to use it. There is money in Gas distribution business presently in Nigeria, you as well can benefit from it just with enterprise. All that is needed is to learn the business ropes, write a business plan for it, study and examine, secure funds, register with appropriate bodies and organizations to acquire required licenses.

Potentials of Gas Refiling and Retail Business in Nigeria

There are lots of reasons making cooking gas retail business one of the most lucrative ones. For many years kerosene was one of the most used sources of fire varying between 60-70% of energy usage in Nigeria. Whereas Liquefied Petroleum Gas (LPG) had to do with 25%. Other sources of energy such as firewood/charcoal, sawdust, and electric cooker make up 15%. Nowadays due to the nationwide awareness that is going on LPG usage is increasing every day. It will continue in this manner until every home stop using various other means of energy for cooking. You can now see why putting money in cooking gas business a perfect thing.

Steps to Setting up Gas Refiling and Retail Business in Nigeria

Capital

According to specialists (people who are currently in the business) you can begin easily with N500,000 and be able to acquire more than 20 cylinders, get you a shop, and buy the initial products. The shop rent here depends on your location. If you choose to situate your business in a highbrow location, you will spend far more money o shop rent however the cost will be well worth it.

Get Training

You must get attached to any type of experienced sellers and even depots for about six months to learn the vital rudiments. You have to discover ways to refill the cylinder, ways to transfer, how to change valve. And whatever necessary that you should learn about the business. You similarly have to understand where and how to purchase cylinders. If you choose to learn in a smart way, you can learn from any one of those retailers you see by the roadsides and if you are wise enough, you can obtain all the knowledge you require there. In anyway, it might take you as much as six months to complete your apprenticeship.

Rent a Shop

After completing your training and you now have the required knowledge, the following action is to go rent a shop. The class of individuals that use cylinder gas cooker are more in the metropolitan area. Nearly every part of Lagos is good for the business however some locations are much far better compared to the others.

Fire Extinguisher

All of us understand how important this device is as we do not pray for fire hazard however, believe me anything can happen anytime. So, we encourage you to get a fire extinguisher for safety purpose. before you call out for the fire service company. Other needed material includes screwdrivers, shifting spanner, measuring scale, and maybe a small bike to transport your already filled gas to your customers and so on.

Marketing

When your business is up and running. You have to employ every advertising technique you can muster to increase your profitability and remain afloat.

Overview and Features of the Excel Template

The excel template comes with a powerful presentation and a thorough financial analysis and model for succeeding in this business venture. The template will enhance your chances of getting grants, attract investors and bank loans.

Inside this template, you will get:

1. 3 years Income Statement.
2. 3 Years Financial Position
3. Cash flow Statements
4. Trial Balance and Account Charts.
5. Automated Macros to make the template faster, user friendly and accurate with little or no manual input.
6. 24/7 Support from our team of financial experts and analysts.