Bottled water businesses can be quite profitable. Profits range from 100% to 500% or more. To start this business in Nigeria, you need a capital of three million naira. Bottled water sells for $1-$2 per bottle. You could make up to $75/hour selling it. In 2018, U.S. bottled water revenue was $18 billion. For the fifth year, revenue increased. Bottled water is a stable, reliable industry.
Demand is usually inelastic. People need water even if prices rise. As some corporations get richer from this, many in developing countries lack clean water access. Startup costs begin around $750,000. You need an FDA license and state permit. A successful water refilling business can make $40,000 monthly. America wants bottled water available everywhere. Bottled water outsold all other packaged drinks in 2020. The bottled water market is growing.
Yes, the bottled water business is very profitable. The profit margins in the bottled water industry are exceedingly high, ranging from 50% to 200%.
The demand for bottled water is usually inelastic – people need water even if prices rise. The bottled water market is growing steadily as health-conscious consumers view it as a healthier choice than soft drinks. In 2020, bottled water outsold all other packaged drinks in the United States for the fifth consecutive year. A recent poll found that 90% of Americans want bottled water available wherever other drinks are sold.
The startup costs for a bottled water business begin around $750,000. You need an FDA license and state permits. Once the business is set up, the monthly profits can be significant.
Overall, the bottled water industry is profitable and stable. As long as people need safe drinking water, the demand will remain strong. Starting this business requires substantial upfront costs for licensing and facilities, but the long-term earning potential is immense.