RE: Cost of Starting a Frozen Food Business in Nigeria
I need an ideal on how to start frozen food from the beginning to the end as am planing to leave my current work. I also want to know if it worth leaving my current work, for my salary at my current working place is 80k. For a man whose planning to have his own company please any other idea will be welcome!
ITEM TO BE USED
Deep freezer… 3
Capital… how much and others expenses
Location…. somewhere in Agric ikorodu
Shop…….. 2 shop
POS…. I will need to use it for less cash
Staff…. how many
Experience… . my mother was selling it. I also helped her to hawk it when it was little family business.
Thank you
Cost of starting a frozen food business in Nigeria varies depending on places and item required. From what you mentioned above, I think you will need about N2million to get started.
3 Deep freezer – N300,000
Shops – N200,000
POS – Fee of 1.25% deductible from every transaction for the services provided which includes routine maintenance of the POS units.
For two shops, you will need 4staffs (two each) one cashier and one attendant – N100,000 monthly salary (N25,000 each). Budget 10 months salary – N1,000,000
You will need other things like the measuring scales and
Total estimated startup capital = N2,000,000
