Is Coca Cola business profitable in Nigeria?

Over the years, Coca-Cola products have become one of the most loved, consumed and highly patronized soft drink brands in the country. … This has made the company’s beverages the go-to and number one choice for many Nigerians and makes the business a profitable venture in Nigeria.

How much does it cost to become a Coca Cola distributor in Nigeria?

There is not a fixed amount of money required of you to become a coca-cola distributor in Nigeria. However, from my research, you will need from the range of N500,000 – N1 million to begin the coca-cola distributorship business.

How do I become a Coke distributor in Nigeria?

Below is a list of some Coca Cola distributors in Nigeria: Startup partners Africa. Nigerian Bottling Company. Abuka and partners.

To apply with Coca Cola as their distributor, follow these steps:

  1. Visit a Coca Cola company.
  2. Request to fill a distribution form.
  3. Deposit the minimum capital sum.
  4. Follow any specifications.

How do I become a Coca Cola distributor?

How To Apply a Form Successfully as a Coke Distributor

  1. Visit any Coca-Cola company where they manufacture coke products or Coca-Cola depot nearest you.
  2. Tell them you want to apply a form as a coca-cola distributor and ask if you can fill a distributorship form with personal details.
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How much does Coca Cola make in profit?

Compare KO With Other Stocks

CocaCola Annual Gross Profit (Millions of US $)
2020 $19,581
2019 $22,647
2018 $21,233
2017 $22,491

How do I start a soft drink business in Nigeria?

Step to Start a Soft Drink Wholesale Business

  1. Learn Soft Drink Wholesale Business. …
  2. Go for market feasibility study. …
  3. Register your Business. …
  4. Select Category of Soft Drinks to Sell. …
  5. Get a Store. …
  6. Get a Vehicle for Distribution. …
  7. Raise Capital. …
  8. Apply for Wholesale Soft Drink distributorship.

How much is a can of Coke in Nigeria?

Coca-Cola Coke 60 CL X 12: N1,200 – N1,500. Teem Bitter Lemon – 12 Bottles in a Pack: N1,000 – N1,500.

How do I start a soft drink business?

How to start soft drinks business in Nigeria, the step by step guide.

  1. Decide Kind of Soft Drink Business. …
  2. Rent a Shop or Container. …
  3. Buy Necessary Equipment Needed. …
  4. Register as a Distributor. …
  5. Selling Soft Drinks. …
  6. Increasing Profits in Soft Drinks Business. …
  7. Risks in Soft Drinks Business.

How much does it cost to start a drink business?

Though estimated costs for all of those vary, depending on how many of the components you can manage well yourself, at a minimum you can expect to pay $20,000 to professionally formulate your beverage, and perhaps another $80,000 for your first, relatively small production run.

How much does a bottle of Coca Cola cost?

Coca-Cola Prices

Type Size Price
Coca-Cola 20 oz. Bottle $1.99
Diet Coke 20 oz. Bottle $1.99
Coca-Cola 1.25L Bottle $0.99
Coca-Cola Zero 1.25L Bottle $0.99
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