Who doesn’t eat bread in this country? Very few. Bread is one of the most eaten staple foods in Nigeria. In Lagos alone, about 10 million loaves of bread are consumed every day. The bread market in Lagos generates about N1.5billion in sales on a daily basis. Every business activity in the bread-making industry is worth billions of naira.
People love to eat freshly baked bread because of its sweet taste and freshness. Bread is one of the laziest foods available to get hands-on quickly. It goes well with some other foods like beans, fried egg, moimoi, akara, etc. It’s one of the cheapest sources of carbohydrates for people.
The bread supply business has been a goldmine and not many people know about it. It’s a cool business that doesn’t require much capital to start and can be run easily without a shop. If you are able to supply loaves of bread continually to your buyers, making a decent income is guaranteed. People won’t stop eating bread anytime soon and the bread supply business will remain profitable in Nigeria.
Any business-minded person can enter into this business and run it either as a full-time or side hustle. The bread supply business is so easy to start in Nigeria. You can think about the business today and start immediately with little effort.
The best type of bread to supply is slice bread. Because it has wide acceptance and people believe that it’s hygienically made, unlike the Agege bread. As we are in the era of freshly baked bread with modern baking equipment, it is easier and faster to produce slice bread than Agege bread.
Do you want to start a lucrative bread supply business in Nigeria but don’t know how? No issues. This blog post will provide you with the necessary information that you need to kick-start your journey.
Let’s dive in!
What is the bread supply business?
Bread supply business is a kind of business where you buy bread from the bread bakery and supply and sell it to the retailers who want to resell it to the final consumers.
You get good bread bakeries to buy loaves of bread from at supplying rates and transport it to your buyers to sell to them.
Bread can be distributed and supplied to provisions shops, supermarkets, restaurants, individuals who resell the bread to the consumers. A large number of people buy bread at provision shops and supermarkets these days. And supplying loaves of bread to these places guarantees good profits for the business.
This is a business of volume and turnover matters. The more you are able to sell loaves of bread, the more the profits.
You can start a bread supply business in Nigeria with N30, 000 or more. There is no limit to the amount of money you can use to start this business. You use the capital to buy loaves of bread at a bakery and sell it to retailers.
your bread supply business.
Finding customers is not that hard. In fact, customers are everywhere for you. Your target audience is supermarkets, provision shops, food canteens, restaurants, and retailers. These are the places where Nigerians buy bread from.
Move around to market your business to provision shop owners, restaurants, supermarkets, canteens and retailers. The brand of bread you want to be supplying and selling to them shouldn’t be within their reach, else you may not get a good response from them. Imagine the situation whereby the break bakery is a stone throw to them, it means they can easily go there and get the quantity that they want.
your bread supply business.
Finding customers is not that hard. In fact, customers are everywhere for you. Your target audience is supermarkets, provision shops, food canteens, restaurants, and retailers. These are the places where Nigerians buy bread from.
Move around to market your business to provision shop owners, restaurants, supermarkets, canteens and retailers. The brand of bread you want to be supplying and selling to them shouldn’t be within their reach, else you may not get a good response from them. Imagine the situation whereby the break bakery is a stone throw to them, it means they can easily go there and get the quantity that they want.
How profitable is the bread supply business in Nigeria
Most business ideas are profitable by their nature. How you go about the business matters more than the business idea itself.
The profitability of the bread supply business in Nigeria depends on your ability to sell a good number of loaves of bread to your customer continually. The more quantity you sell, the more money you make.
Let’s say you are able to sell 700 loaves of bread on averagely every week and you make an N40 profit on each loaf— this simply means you’ll be making N28, 000. When you multiply N28, 000 by 4 ( four weeks in a month ), you’ll get N112, 000. And you are not limited to this profit margin. You can increase your bottom-line profits by reaching more customers and selling more loaves of bread to them. The sky is your starting point
Step by step guide on how to start a lucrative bread supply business in Nigeria
Starting a lucrative bread supply business is really easy. As you are getting to know about the business, I will be presenting to you how to start it by taking these steps:
Get customers:
There is no business on this planet that records success without paying customers. It’s a common thing in Nigeria to see how people rush to invest resources in business ideas without mapping out clear strategies on how to gain customers first. They build first and wait for customers to come. But if they don’t see them coming, they start looking for them here and there—desperately. In most cases, no good results.
As someone who knows what to do, as you’re about to start the business you need to find customers for your bread supply business.
Finding customers is not that hard. In fact, customers are everywhere for you. Your target audience is supermarkets, provision shops, food canteens, restaurants, and retailers. These are the places where Nigerians buy bread from.
Move around to market your business to provision shop owners, restaurants, supermarkets, canteens and retailers. The brand of bread you want to be supplying and selling to them shouldn’t be within their reach, else you may not get a good response from them. Imagine the situation whereby the break bakery is a stone throw to them, it means they can easily go there and get the quantity that they want.
recommend taking a loan to start any business in Nigeria, however, it’s not bad to start a bread supply business in Nigeria with a loan. You can take a soft loan of N40, 000 only. But if it’s possible for you to raise the capital from family members and friends, this is better than taking a loan.
If you’re not able to raise the capital required to start a bread supply business in Nigeria through the aforementioned means, there is another way to go. In life, trust is social capital. If you are known to be a truthful person and you have a good reputation, you can discuss the business idea with the people in your circle of influence. They can stand as guarantors for you at the bread bakery. Possibly they may have a friend who runs a bread bakery. Your good character can open this door for you.
For more professional advice, contact us at StoneBridge Marketing Communications®
Our content marketer's contact
+2340968838622
stonebridgeenterprise379@gmail.com
https://stonebridgeorg.blogspot.com
Comments
Post a Comment