Electrical Accessories Business: Is Lagos, Warri or Enugu More Profitable?
Hello everyone, I am considering starting an electrical accessories business selling items such as wires, switches, breakers, sockets, conduit fittings and lighting materials. I would appreciate practical advice from people already in the trade. I am comparing Lagos along the Eleko–Ajah/Lekki-Epe axis, Warri and Enugu. What should I budget for shop rent and initial stock in each location? How quickly do electrical materials sell, especially with the level of construction along the Lekki-Epe corridor? I also want to understand the likely profit margins, level of competition and the best location for balancing setup costs with steady turnover. Honest recommendations and real experiences from business owners in these areas will be very helpful.
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