Bakery business in Nigeria is nothing but another gold mine.
The revenue potential in running a bakery business in Nigeria is analyzed below: It currently costs about N to make a standard loaf of sliced bread in Nigeria. The distributors sell to the retailers at the rate of N each, thereby, making a profit of N50 per standard loaf, whereas, the retailers sell to the final consumers at the rate of N making a gain of N50 per loaf.
Thus, from the factory to the final supply, the average profit made by each of the parties concerned at every supply stage comes to N An ideal bakery with the standard supply capacity produces not less than 40, loaves of sliced bread and sells to the suppliers weekly.
The Likely Risks Involved Fluctuations in the price of raw materials: The prices of the baking raw materials may go up anytime, and when this occurs, it leads to great losses so far bread is so sensitive among the food commodities and its selling price cannot just be changed anyhow.
High rate of returns due to spoilage: It is very common that retailers do return some loaves of bread back to the factory all because they have developed mold.
This reduces the amount of profits any bread baker can make at every production batch. Some loaves of bread get burnt carelessly: Carelessness occurs on the part of the workers sometimes, and this may result in getting a large volume of bread burnt.
The solution to this occurrence is to install a smoke detecting tool that will call attentions whenever burning is about to occur.
Receive proper entrepreneurial training Set an efficient business plan Raise the start-up funds.Buy Quality Bread Improvers Online in Nigeria EXCELSPONGE CAKE GEL: Excelsponge exerts good batter stability, aeration ability and oil tolerance in cake.
It gives better texture and volume for cake and also maintains egg flavor in cakes. A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment.
Bread Angels is a course that teaches you to make bread and how to start your own home bread baking business, supplying bread to your community. Eat well. Do good. 41 Responses to “Bread Angels – Set up your microbakery today!” Virtuous Bread – how to set up a micro-bakery [ ] Leave a Reply. A Sample Home Bakery Business Plan Template Are you about starting a bakery Business from home (bread, dessert & cupcake)?
If YES, here is a complete sample bakery business plan template & feasibility report you can use for FREE. In my opinion, a bread bakery business plan is one of the important variables needed to ensure business success.
Start with a feasibility study, it will help you to draw out a detailed business plan for your bread bakery business. Bakery business in Nigeria is nothing but another gold mine. Basically a loaf of bread sold at a factory that cost N75, has an actual cost price of about N45 or even slightly lesser.