Whether you plan to sell frozen food locally or transport it to grocery stores across the country, a business plan also helps you determine how much money you need to build your business until it becomes profitable. Product Description Explain where the food you plan to sell comes from. If you want to freeze your own food, describe the farms from which you get produce or the manufacturers that provide the ingredients for your dishes. Mention any technology you plan to use to make the food taste fresh or eliminate inconsistent heating, such as special steaming or baking trays.
Share 2 Shares Frozen food business in Nigeria is becoming more lucrative by the day. The rising demand for it is further boosted by increasingly busy lifestyle of most Nigerian families, especially the middle class.
Unlike in the rural areas where fresh food is readily available, the story is not the same in urban areas and for this reason frozen food is preferred for convenience and ease of preservation.
For instance, a kilogram of frozen chicken goes for a minimum of N It can even cost above a thousand naira depending on the size and location.
That is why the business is very profitable. However, one cannot just start the business without putting some things into consideration. Frozen food business has some level of risk as well as cost considering.
The problem of electricity experienced in the country also add up to the cost of running the business.
So in setting up the business, one should consider these factors very carefully. But if you are able to get everything properly done, you are sure of good patronage and consistent profit.
Average standard frozen food store makes N, profit monthly some make much more than that while some make less in anyway, it is a good business. For you to get started in frozen food business in Nigeria, there are things you need to put in place.
Below are some of the requirements. While planning your businessa lot of things come into play. This is the period you do a thorough feasibility study regarding the business. Do not be ignorant of the fact that there is competition.
There are people in the business already and more will likely to come in after you start. In case, the business idea is not clear to you, seek professional advise. Generally, business plan involves all that will be needed for the intended business from take-off time until it grows gradually to a big business.
Raise Your Business Capital This is very essential, especially if you want a one-man business. Before thinking of starting anything like business venture, there must be money set aside for it. The scale you start from is determined by the amount of capital available to you.
You can source for your start u p capital through multiple means Read: Apart from the fact that equipment need to be purchased and the refrigerators needs to be stocked with goods, you need money for maintenance and running cost.
Well Equipped Frozen Food Store in Nigeria You have to put all these into consideration while raising your startup capital.
Make enough budget to cover your expenses after setup. It will take at lease three months for you to build your customer base before you starts seeing appreciable profit. Decide on Your Product Line There are a lot of food items that can be sold frozen, so, you choose the ones to start with.
Seafood and poultry products appear to be in greater demand than fruits.
It is better to start with the ones that are more in demand before expanding to various types. The essence is to know which products and its type customers in that particular locality prefer most. For instance if you want to start with fish and chicken, what specie of fish do people in that area consume more.
That will give you an idea of which one to start with. Also remember that if you are going to start with maybe fish and poultry food, that means there will be two refrigerators. Reason being that fish gives an awful smell and not everybody eats it. Storing it together with chicken will give you bad business.
It means that those who hates fish because of the smell or for other reasons may not be able to buy your chicken as well. Select Suitable Location Some business thrive more in certain locations because of the level of consumption of the product involved.
Advice on Starting a Successful Business If the profit is abysmal, then reconsider using another location that may be more suitable for your frozen food business. Usually, businesses do not make huge profit in the first two years of inception because of the initial costs incurred.
However, if it is one that will succeed, the glimpse of survival will be seen within months. Every business line usually has an association that oversees it affairs. As a new entrant, try to register with the appropriate body for security reasons, and even advise.FreshDirect makes online grocery shopping and delivery fast and easy.
Find fresh, high quality food and meals, plus all your supermarket brand favorites. The place for everything in Oprah's world. Get health, beauty, recipes, money, decorating and relationship advice to live your best life on rutadeltambor.com The Oprah Show, O magazine, Oprah Radio, Angel Network, Harpo Films and Oprah's Book Club.
A frozen food business plan should take into account these unique challenges while also charting a business model that can profitably produce and distribute the product in your business location.
Here below is a business plan for you to follow for your business. Mayo Clinic Health Letter provides reliable, authoritative and accurate health information. Discover why it is one of the leading health publications.
business description of bakery business plan in nigeria PatiladWONDER is a bread making company. Makes and Supply wheat bread of hig hly balanced dietary ingredients to residence in south west Nigeria.
Frozen food business has some level of risk as well as cost considering. The problem of electricity experienced in the country also add up to the cost of running the business. So in setting up the business, one should consider these factors very carefully.