Plumbing Business Plan in Nigeria
Who doesn’t need a plumber at one point in time or the other? People have to fix new plumbing or maintain the old ones they have. Who will carry out these tasks on their behalf? Of course, a plumber.
Also Read: Electrical Services Business Plan in Nigeria
This should paint a clear picture to you of why plumbing is a lucrative business in Nigeria. Think about all the water pipes, sewers, and other plumbing scattered around the country. Who will manage all of these? Only someone who is training in handling such and that person is a plumber.
There is no need to paint it as beautiful because you must be ready to get your hands and apparel dirty in this line of business. This is besides the fact that you will be dealing with complex systems at times and you may spend long hours on certain jobs too.
What is plumbing about?
If you are interested in this business, this is definitely one question that will bug your mind. What exactly is plumbing about? It has to do with managing the flow of fluids through different types of applications. Plumbing makes use of valves, pipes, tanks, and many other materials in moving these fluids about.
For buildings, plumbing deals with the efficient distribution of water to all parts of the building. It also involves proper disposal of sewage to a central location from different parts of the building.
Types of Plumbing Systems
It is important that you understand these basics before we get to the nitty-gritty of this business. Understanding the types of plumbing systems gives you a picture of what aspect of plumbing you want to specialize in. There are three common plumbing system types in Nigeria today:
- Portable water system – This has to do with infusing water into a building from different sources in a community.
- Sanitary drainage system – This focuses on removing sewage or wastewater from a building.
- Storm-water drainage system – This plumbing system focuses on the removal of rainwater from a building. It is mostly needed during a flood or in areas with poor drainage systems.
Types of Plumbers
We are drawing closer to your goal of becoming a plumber. In this section, we take a look at the different types of plumbers we have in Nigeria. From this list, you can conclude on what kind of plumber you want to be and the kind of services you will offer.
- Commercial plumbers – These plumbers install and maintain plumbing of large public establishments such as government parastatals, corporate establishments, schools, hospitals, shopping malls, etc.
- Residential plumbers – These handle the plumbing of residential locations such as new buildings. They also help in making additions to existing buildings.
- Service and repair plumbers – These are the plumbers people call on when they need fixes in their home or office plumbing.
The profitability of running a plumbing service business in Nigeria
Plumbing business is involved in a variety of services ranging from quick fixes to complete installation and replacement. The basic truth about plumbing in Nigeria is that you can a lot of money monthly from this business. In case you are wondering how, let’s break it down.
A sole proprietor plumber can make up to #5,000 working every hour. Let’s calculate how much you will make working 3 hours daily for 5 days in a week.
1 day = 3 hours x #5,000 per hour = #15,000
5 days = #15,000 (per day) x 5 days = #75,000
Now let’s calculate how much you will make in a month.
1 month = #75,000 (per week) x 4 weeks = #300,000
This implies that in a year, you will be making
1 year = #300,000 (per month) x 12 months = #3,600,000
Can you see how profitable this business is? However, this is just an estimation. You can make less or far more depending on how much effort you put into your marketing and how good your services are.
Market Overview of the plumbing service business in Nigeria
Right where you are, take a brief look at your environment. Before looking around for a minute, you are likely to see a few plumbing structures. From kitchen fittings to toilet and bathroom fittings, there is always a need. This means that plumbing can never go extinct, at least not in the nearest future.
This industry is always evolving so if you are going to get involved, you must always follow the trends. There is a lot of competition in this sector so you have to be at the top of your game to remain afloat. It might be difficult for a newcomer but if you develop a strong marketing plan, you will definitely survive the initial hassle.
How to start a plumbing service business in Nigeria
These are the steps you need to take when starting your plumbing service business in Nigeria:
Learn the trade
To be a successful plumber, you have to invest time to learn the trade. To do this, you have to attach yourself to a plumber with a good reputation around you. Attaching as an apprentice allows you to gain knowledge in the quickest possible time. Along with this, take advantage of the internet to learn through tutorials. This puts you at an advantage as you will learn the latest trends in the developed world.
Develop a good business plan
A business plan is very important to make your business grow. It might seem like a waste of time to write a business plan but it really isn’t. A business plan is a map that gives direction to your business. Your business plan should include a description of your services, financial projections, marketing and operations plan, etc.
Register a business name
It is important to choose a unique name for your business. Register this name with the Corporate Affairs Commission (CAC). The importance of this is that it helps you gain the trust of prospective clients. You should also acquire an operating license and register with regulatory bodies in your environment.
Pick a location for your business
The location of your business venue will determine how much patronage you will have. You should find a place that is close to construction sites or where there is lots of human traffic. The idea is to put your business in the public eye to attract more people.
Acquire your equipment
Check out the list of equipment you need to operate your plumbing business.
- A circular saw.
- A propane torch
- A reciprocating saw.
- A work phone.
- Extension cords.
- Office space furniture
- One truck for transportation
- Pipe wrenches.
The truth is as a startup, you cannot get all of these. It is best to focus on the basics first and as you grow, invest in the others.
These are some of the important things you need to know before you start your plumbing service business in Nigeria. Of course, it takes a lot more that these simple steps to be successful but we know that with these steps, you should make headway. Here’s wishing you success in your new business venture.
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