In this guide, I will show you how to start a food supply business in Nigeria and make money from it. As we all know there are a lot of business opportunities available in supplying one particular item or product that people need and make your money.
What will help you excel is to get a product or item that is in demand with a lot of people needing that item and you will be on your way to growing a profitable business.
So if you have been looking for a business to do that can guaranty you some good profit then you can start a supply business.
A good business you can do is to start supplying food stuff to various people, companies and organizations as this is an item needed by everyone.
How is food supply business ?
The business basically involves you buying food stuff at a particular price and supplying the people that need this food items at another price to be able to make your profit.
This is a business that you can start in a small way and over time grow into a bigger business.
In this article, we will cover topics relating to the following:
- raw food business in nigeria
- how profitable is raw food business
- foodstuff business in lagos
- trading foodstuff in nigeria
- list of food stuff
- food stuff business plan
- profitable business in nigeria with little capital
- how lucrative is food stuffs business in nigeria
How profitable is food supply business in Nigeria
1. People need food
Food is a commodity that is needed by everyone as people need food to satisfy their hunger and for survival.
People need food in their homes, in their offices, for business purposes like caterers who cook for events, restaurants who serve people food, fast food outlets, and lots more.
Food is used when people organize events and ceremonies as people need to eat at parties.
2. A Lot of Options to Supply
As stated food is in high demand as people basically need food a lot. When you start this business, you will have a lot of options to choose in terms of the people or market you will prefer to supply.
For example you can decide to supply retailers of food stuff like market women or shop owners who sell to the final consumers. You may consider this option as a quicker way of making money as they sell in small quantities to people making their goods sell faster.
Other options are you will be supplying companies and organizations especially those who have a food canteen in their buildings where staff or workers can go there to eat.
Management of such canteen who may be working for the company or have got the contract to cook for the staff of the company and could need people who will be supplying them food to cook and this is where you will come in to be their supplier.
There are schools that have a boarding system where children stay and live in the school and will need to cook for them. For this reason they could need the services of a person like you who will supply them with food items for the school.
There are hotels, restaurants and fast food outlets that will need food supplied to them to help them in operating their businesses.
3. Variety of Food Stuff to Supply
This is a business that you can decide to specialize in certain food stuff or decide to supply all types of food stuff. Though most supply businesses tend to supply all type of food items you can decide on your own to create a niche for yourself and supply particular food items to your customers.
In Nigeria for example you can choose from food stuff like garri, rice, beans, maize, yams and other food items. You can also deal in processed food items like tin or can food as the market for these items also exist.
Requirements need to start food supply business in Nigeria
1. Learn the Business
You could think that this could be an easy business to do especially as you can feel that this just involves buying and selling. This is not really the case as there are many aspects of the business you have to learn and know before starting it.
You will have to know where you will buy and get the food stuff at the best low prices as well as to know the best quality of products to buy. You will have to learn the best way to move your goods and other things.
2. Choose a Good Location
You will have to decide if you will need a shop or will be operating from your home. You may decide to buy goods down and store in a shop to easily supply people or companies when they need it.
You can also decide to operate from home especially if you do not have money to rent a shop which may be good for you in the long run.
Basically once you know where to buy the food stuff and you have the list of what is needed to be supplied you can easily buy and supply the food stuff without necessary needing a shop.
All you need is to have contacts who will give you supply jobs and you can go on to do the business.
How to Start a food supply business in Nigeria
You will have to decide what type of food stuff you will be supplying, either you choose a type or you will be supplying all types of food stuff.
In addition you will need a means of transportation for moving the food stuff to your clients. You will need a vehicle whether you have a shop or not.
You can start by hiring a vehicle in the meantime until you are able to buy your own vehicle as the business expands where you may need to hire people to work with you.
You can advertise the business by making contacts with people and telling them about your business as they are the ones that can give you referrals to start the business.
This is a great business to do as it can provide a regular and steady income flow. Ensure you do a feasibility study as well as register the business as well as meet all requirements set by the authorities.
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