How to Start a Frozen Food Business in Nigeria – Frozen food business is now becoming more profitable by the day. The rising interest for it is assisted by progressively bustling way of life of almost every family in Nigeria, particularly the working class races. This is not same as the rural areas where raw food is mostly accessible. This article has all it takes to start a profitable frozen food business, also included here are the required equipments and step-by-step process flow to start your frozen food business .
Frozen food business is very profitable, it is that one business that you can start today and you are sure to have a continuous flow of income. Food is actually in the list of the essential needs of man (basics), and so it is a commodity you are sure of selling everyday. With just a carton of 10kg chicken you can make up to 10,000 naira ( or higher in urban areas), 1 Kilo of Chicken is sold for about # 1200 to # 1300 in some areas after selling it you will get a profit of not less than 5000 naira.
You can choose to sell one of all the below frozen foods in your frozen business in Nigeria or a combination of 2, 3 , or more . You can also sell all. It all depends on the availability of capital .
Normally, every business must have a structure to suggest how things will run no matter how small the business might be. While you are planning your business , there are things you need to consider. This planning period is the period that you conduct a thorough feasibility study about the business you are starting. But on a general note, business plan covers all that will be required for the intended business from the start-up time until it rises gradually to a big venture.
This is very crucial, especially if you are running a one-man business. Before even making up your mind to start anything like business venture, there should be money/capital that is set aside for a start. The scale you are beginning with is determined by the level of capital that is available to you. You can also get your start up capital through different funding means. These capitals will be used for your equipments, shop acquisition and other expenses to start your frozen food business.
Ensure that you Made enough budget to see for your expenses after setup. It will take not less than three months for you to build your customer base before you can begin to enjoy the influx of appreciable profit.
There are a wide range of food items that can be sold frozen, so, you select the ones you wish to start with. Seafood and poultry products are actually in greater demand than starting fruits business. It is advisable that you start with the ones that are more in demand before advancing to various types. The importance is to be aware of which products and its type customers in a certain locality prefers the most.
Also bear in mind that if you are going to start with lets say froze fish and poultry food, that means you should make plans for two refrigerators. Reason is simply, it is because fishes gives an awful smell and is not everybody that eats it. Storing it together with chicken will give your business a bad name. It means that customers who happen to hates fish because of the smell or for other reasons cannot buy your chicken as well.
Some business witness more growth in certain locations because of the degree of consumption of the product that are involved in such area. So, studying the environment where you want to site the business and be able to forecast what the business turnover will look like next year or in the two years.
It is factual to note that market unions still exist. And every business line use to has an association that takes care of it affairs. As a new entrant, you need to inquire from those already in the Field , then register with the appropriate body for security reasons, and to seek further advise. It is also a source of protection for your business, because it makes you aware of the things that are happening within your sector.
Some Associations can even give credit facilities it its members so why not register?. If yours is like that, then you are good to go. You should also understand that some associate can be milking pot dragging your business down by charging one levy after the other, so you should inquire very well before joining any association or else the association is compulsory.
As a new business, you should know your customers and their description. This will also let you know about the kind of products to sell. In an location where there are more growing children, red meat as well as poultry food can sell very well. But for locations where they are more of elderly people, seafood and poultry foods will probably sell more.
Whatever the case might be, determine who your customers are and try very hard to attract, win and keep them if you must thrive in the business. Bear in mind that customers are the tools that keeps your business running.
One cannot even think of starting a frozen food business without preparing adequate storage facilities like refrigerators and other cooling systems. It is the scale that you wants to start on that will determine the quantity of the facilities that you will purchase. But it is advisable to begin small so that the start-up expenses is not too much you.
When starting frozen food business, note that storage is the key. Whether your business will be profitable or whether it will crumble, it depends on how reliable or inefficient your storage facility is. You should invest more in high quality refrigerators; if it is possible, you can purchase the brand new refrigerators. When your seafood and chicken is frozen you will see that they can stay fresh and healthy until you sell them off to consumers.
Electricity problem is a major challenge when it comes to businesses that needs electricity in the country today. Have in mind that you are dealing with foods that are graded as perishable goods and so, as you wish to start your business , make sure to purchase a generating set for your power supply, or else you will be at a losing end, as some of the foods you will be selling may perish when there is lack of electricity power to preserve them.
Frozen food business in Nigeria is very profitable, it is that one business that you can start today and you are sure to have a continuous flow of income. You can start today!
When shipping, frozen foods are to be kept at 0°F air temperature while the internal product temperature should never be more than 10 0°F.
It costs not less than N300,000 – N500,000 to start a small scale frozen food business in Nigeria
Best Overall: Midea Chest Freezer.
Best for Garages: GE Energy Star Garage Ready Chest Freezer.
Best Small for Garages: Danby Chest Freezer.
Best Portable: Whynter 85-Quart Portable Fridge and Freezer.
Best Small Capacity: Avanti Chest Freezer.
Best Large Capacity: Frigidaire Chest Freezer.
Frozen good business is lucrative owing to population growth and increased demand for convenience foods.
A chest freezer is the best choice for businesses that do not have much room in their freezer area and for businesses that needs as many freezing space as possible.
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