Overview of Water Store Business
Water stores stay in business by selling water through bottled water, water by the gallon, or water filters. They also provide services like water delivery, testing, or treatment.
Factors Affecting Profitability
Like any business, there are factors affecting how successful a water store is. Factors like location, competition, and operating costs play a significant role in profitability.
Financial Insights
- Sales revenues for the U.S. bottled water market in 2019 were $19.4 billion, a 5.6% increase.
- The reusable bottle market was valued at USD 8.20 billion in 2020 and is projected to reach USD 10.63 billion by 2028.
Starting a Water Business
Taking the steps to start your own bottled water business can be satisfying experience that allows you to make money while also helping your customers achieve a healthy lifestyle. Learn how to start your own Water Business and whether it is the right fit for you.
Steps to Start a Pure Water Business
- Business plan.
- Register the business with the Corporate Affairs Commission (CAC) and NAFDAC.