How To Start A Mini Supermarket In Nigeria- Mini supermarket is one of the thriving business in Nigeria. Majority of the items sold in supermarkets are what people use/ buy on a daily basis . With the current CBN money policy, there is going to be higher increase in patronage by people of supermarkets in the coming months. In this post, we would show you what is needed to start a mini supermarket in Nigeria.
In starting a mini supermarket in Nigeria, you need to do some thorough research. Some of which include:
After carrying out a thorough feasibility , the next step is to come up with a business plan for your mini supermarket in Nigeria. Your business plan should contain:
You need some good start up funds for your mini supermarket in Nigeria. You will need some good funds for:
There are ways you can source for funds:
Another critical step in starting out a mini supermarket in Nigeria is to get a unique name for it. After obtaining a unique , you should go ahead and register it with CAC. This is highly important. You also need to get the necessary licenses and permits for operating a mini supermarket in Nigeria.
In getting a location for your mini supermarket in Nigeria, you must be strategic. Choose an area where there is a dense cluster of people; whether living , working or passing through daily. Junctions, bustops are instances of juicy locations. You also want to ensure that you siting your store has good road networks.
This is because a sizeable portion of your customers are car owners. So if you site your mini supermarket in an area with a bad road network, you will be at a great disadvantage.
You need to decide on what you would be selling in your mini supermarket. Some of the common things sold in a mini supermarket include groceries, foodstuffs, pastries, bread, etc. You should stock products/ brands that are fast-selling. Don’t just store up what will rust on your shelves.
After deciding the commodities you will be selling, you need to find distributors/ suppliers. As much as possible, source for these goods from cheap sources (of course quality), the cheaper you get these commodities , the greater your profit margin.
After obtaining a location for your mini supermarket in Nigeria, you need to build and structure your supermarket building. You need to furnish with shelves that you would display your commodities. Remember you need to also build a warehouse where you store the extra commodities that are not displayed.
Now that your building is ready and furnished with different kinds of shelves, its time to procure your goods from suppliers. Go with the list already made and start stocking. Arrange the items on the shelves in such a way that it would be easy for customers to locate them. Don’t forget to put price tags on them.
It is one of the best supermarket in Nigeria. The mart with multiple branches in strategic places around the country is known for selling quality goods at low price. The shop is not just one of the best in Nigeria but also in Africa as a whole. It is one shopping mall that you get a variety of food products, home appliances at the lowest prices. Also in stock at shoprite include exotic wines, freshly baked bread, fresh fruits and vegetables. The mart which started out in Lagos in 2005 now has over 25 stores in 8 states in Nigeria including FCT, Abuja.
It is another outstanding supermarket . The supermarket is well known for its wide range of products at affordable prices. Spar has outlets in major cities in Nigeria like Lagos, Abuja, Port Harcourt, Calabar and Enugu.
Addide is worth mention among outstanding supermarket in Nigeria. It started out in 2008 in Lagos. The mart sells grocery items such as cosmetics, alcoholic and non-alcoholic drinks, etc. The company has stores in several locations in Lagos.
This outstanding supermarket not only sell grocery items , it has some other departments that run alongside e.g Hubcafe ( a relaxation carter), Hub deli (restaurant, sells delicious meals), hubcare (for customer’s health and care. The mart has excellent customer service with stores in different part of Lagos.
It is one of the biggest supermarket in Nigeria. The mart sells quality products at pocket-friendly prices. The mart has outlets in strategic areas all over Lagos and some other southwestern states.
Jendol , a leading superstore in Lagos Nigeria is headquartered in Egbeda with branches in some other parts of Lagos. The store sells groceries, freshly baked- bread, ice-cream, beauty and sanitary items. Commodities are of high quality and sold at affordable prices.
Prince Ebeano is one of the outstanding supermarket in Nigeria. It has outlets in Abuja and Lagos. The store sells toiletries, groceries, toys , food and condiments, wines and alcohols, drinks, toys, etc. They offer both walk-in-store and online shopping.
A mini supermarket in Nigeria is lucrative business. Once you have the funds, get a strategic location, get trusted employees and apply some marketing strategies, your business will surely thrive.
The business of mini supermarket in Nigeria is a profitable one . Most of the commodities sold in a supermarket are what people need and use daily. Once you can be sited in a good location and your prices are good, you would have enough patronage that would translate into maximum profits for you.
Some of the things supermarkets do to enhance success is to monitor consumer behavior, they study trends. And these guide their decision when restocking.
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