How to Start a Supermarket in Nigeria: Top 10 Things to Note. Nothing is easy, yet nothing is hard. How to S t art a Supe r market in Nigeria Supermarket is a large scale market place where the owner or sole proprietor buys varieties of goods in bulks and sales it in minute quantity to the final consumer.
What am I saying? Supermarket business is a venture that have become part of our very existence. We need this venture to stay afloat with basic life needs.
In a simple term, a supermarket can be defined as a large self-service retail shop where basic home items and food are displayed for sale. It is a shop that houses almost every kind of food stuffs like milk, sugar, kitchen utensils, diapers, books etc.
One of the major challenges with a supermarket business is the epileptic power supply in Nigeria and security. There have been cases where armed robbers robbed a supermarket and made away with goods worth millions of naira. This is what you should consider before every other factor.
The best spot for this kind of business is usually around major roads or market place. If your supermarket business is approximate to residential houses, then stocking your shop with items like soaps, towel, brushes, milk, chocolate etc.
If it is around school environment, invest in stationary like books, pen, correction fluid etc. The type of good to concentrate on is determined by your location and consumer goods that sells off quickly. That is because buying from the manufacturer is way cheaper than buying from a middleman.
So, your supermarket business needs steady flow of stock at an affordable price. In a supermarket business, goods are not allowed to finish in the shelves before an attempt to replenish them is made.
This is because delivery sometimes take weeks to arrive. Please, a great security should be put to place in your warehouse to prevent thieves or burglars. When goods are neatly arranged in their appropriate location, it brings out the beauty of the complex, making it easier for customers buy.
Apart from that, it also help your employees to monitor stocks. That is why you need all the hands available to succeed. Most importantly, you need cashiers and some securities in place. Please, make available automated machines for your cashier, like a POS machine. Equipping your security guards with some gadgets for easy detection of harmful materials or equipment is also advised.
When your business is registered with the corporate affairs commission, it opens a whole new world of possibilities.
In some cases, it opens doors for investors to come in and help grow the business. The simple way to keep track of your inventories is to manually write them down.
This is stressful and time consuming and also susceptible to errors. The best way is to get barcode scanners.Starting a Supermarket Business.
comments; 11 expert advice; it’s time to start a supermarket business. This type of business can’t be considered small scale so you need to have adequate funding. I really love to start a mini supermarket in abuja Nigeria, pls i need a detailed business plan and a good estimate of start up cost.
Supermarket business is one of the most profitable venture in Nigeria this time. The daily products sold in supermarkets are the everyday needs for everyone. Follow these guide to start your own supermarket business today and watch as the profits overflows. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $).
urbanagricultureinitiative.comarket Business:Factors to consider before starting a supermarket in Nigeria.
If you want to be successful in this business, then you must take into consideration the following while drawing out a . Supermarket And Grocery Store Business Plan This is a free, printable business plan outlining the necessary services, organization and market strategies for supermarket or grocery store owners, and those working in the retail sector.
Supermarket business is very promising here in Nigeria. With a good and detailed business plan, location and finance, you’ll be able to make approximately millions of naira every week. This business is huge.