Starting a retail cooking gas refill business is a good idea, especially if you have a limited startup budget, but you need to plan well. Here’s a simple breakdown of how much money you’ll need to start in Nigeria, especially with the exchange rate of dollar to naira, thereby making goods and services skyrocket.
Budget Estimate: ₦500,000 to ₦850,000 naira or More
If You Have ₦850,000:
1. Two 50kg Cylinders: ₦290,000 (a fairly used can go as low as 100k.
2. Scale: ₦70,000 (150kg Camry digital scale is always recommended)
3. Shop Rent: ₦100,000–₦155,000 (depends on your location)
4. Gas Refilling: ₦120,000 (both gas cylinders, but it depends with suppliers and location)
5. Adaptors and Accessories (Filling Heads, hose, clips and much more): ₦35,000
6. Shelves, POS Machine, and Miscellaneous Items (just in case), including fire extinguishers or buckets.
Don't forget fire service approval from fire department in the state of operations.
Note: ₦200,000 may not be enough to start because of rising costs. A realistic budget would start from ₦400,000 in today’s economy. So even 300k may not be feasible due to high costs.
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Starting with ₦500,000
If your budget is ₦500,000, here’s how to spend it:
1. Shop Rent: Depends on location.
2. Two 50kg Cylinders: ₦119,000 each (₦238,000 total)
3. Hose, Filler, and Other Accessories: About ₦100,000
4. Scale (150kg Capacity): ₦50,000–₦70,000
5. Fire Safety Items:
- Fire Extinguisher (9kg): ₦25,000–₦35,000
- Fire Bucket: ₦5,000
- Fire Notice Board: ₦10,000
6. Miscellaneous Costs: ₦50,000
Starting Small: ₦300,000 to ₦350,000
If you already have a shop or space, you can start small with one cylinder:
1. One 50kg Cylinder: ₦100,000–₦130,000 (Tokunbo or secondhand options can save money). And one added 25kg gas cylinder.
2. Scale and Accessories (Hose, Filler, Etc.): ₦100,000.
3. Gas Refilling: About ₦60,000.
4. Fire Service Registration and Miscellaneous: ₦50,000.
Are you considering venturing into the LPG gas plant business or already running one? Don't let unexpected losses derail your success. GET YOUR COPY NOW!!!
👇 👇
Can You Start with One Gas Cylinder?
Starting with one cylinder is possible but stressful. You might lose customers if the gas runs out often. It’s better to start with at least two cylinders for smooth operations.
Tips:
- Refill your cylinder before it gets empty.
- As your sales grow, add more cylinders to reduce stress and improve service.
READ MORE: Starting an LPG Gas Plant Business in 2025: What You Need to Know
Gas Prices Depend on Location
For example, in Ikorodu, Lagos, 50kg of gas costs around ₦55,000. Prices may be different in other areas. Don’t forget to add transportation costs for refilling.
How to Succeed
1. Learn First: Work with someone who is already in the business to learn how it works.
2. Start Small: Buy the essentials first. You can grow your business as you make more money.
3. Be Safe: Always use fire safety tools like extinguishers and follow safety rules.
Starting a retail cooking gas refill shop business has is own great opportunity, especially if you are on a limited budget. Whether you start with one cylinder or more, plan well and grow step by step. Focus on customer satisfaction and safety, and your business will do well.
Are you considering venturing into the LPG gas plant business or already running one? Don't let unexpected losses derail your success. GET YOUR COPY NOW!!!
👇 👇