Are you looking to download a bakery business feasibility study in Nigeria?
Do you want to secure a loan for NIRSAL, BOA, BOI, grant or make future forecast figures? Then you need this bakery business feasibility template in Nigeria to do that.
For grant applications, bank loans, proposal writing, business concept notes, competitions, etc., a bakery feasibility studies in Nigeria can be employed. Bakery Business Plan is a lucrative business that takes a lot of preparation to start.
HOW MUCH IT COST TO SET UP A BAKERY BUSINESS IN NIGERIA
The cost of starting a bakery business in Nigeria can vary widely depending on several factors, such as the size and scale of the bakery, the location, and the type of equipment and ingredients required. Here are some estimated costs to consider:
- Rent or purchase of space: Depending on the location and size of the bakery, the cost of rent or purchase of space can range from ₦500,000 ($1,222) to ₦10,000,000 ($24,441) or more.
- Equipment: The cost of equipment needed for a bakery business, such as ovens, mixers, refrigerators, display cases, and other supplies, can range from ₦2,000,000 ($4,888) to ₦20,000,000 ($48,883) or more.
- Ingredients and supplies: The cost of ingredients and supplies needed for baking, such as flour, sugar, eggs, yeast, butter, milk, and other ingredients, can range from ₦500,000 ($1,222) to ₦2,000,000 ($4,888) or more.
- Labor: The cost of labor, including salaries and wages for bakers, salespeople, and other staff, can range from ₦500,000 ($1,222) to ₦5,000,000 ($12,220) or more per year, depending on the size and scale of the business.
- Permits and licenses: Depending on the state and local government regulations, the cost of obtaining permits and licenses for a bakery business can range from ₦100,000 ($244) to ₦500,000 ($1,222) or more.
Overall, the cost of starting a bakery business in Nigeria can range from several million naira for a small-scale operation to tens of millions of naira for a larger operation. It’s essential to conduct a thorough cost analysis and develop a comprehensive business plan to determine the precise cost of starting a bakery business based on the specific requirements of the business.
FEASIBILITY STUDY SAMPLE FOR BREAD BAKERY
1.0. Executive Summary
A firm that makes bread is WRANE BREAD. produces and delivers wheat bread with a properly balanced diet to homes in south-eastern Nigeria.
The benefits of our products are:
- We offer our clients a variety of high-quality, affordable bread.
- We produce our items for all ages in both large and snack quantities.
- Our wheat bread is a tasty, readily available source of fiber and carbs in a low-fat version.
- Wheat bread can reduce the risk of heart disease by 25%.
- The well-being of the populace is taken into account.
- Our bread lengthens life.
- We utilize honey to flavor our bread as opposed to our well-known competitors who sweeten their bread with sugar.
Our business meets a need and demand for:
- The desire to consume anything other than what is readily available as a substitute for white bread.
- We produce a variety of sizes of our product with the same high quality, so the demand for affordable, high-quality bread is also satisfied.
- Wheat bread is in very high demand.
2.0. Our Goals and Objectives of Our Bakery Business Plan in Nigeria
- Constant sales growth over the previous 12 months.
- Our goal is to dominate the production and supply of wheat bread in southwest of Nigeria.
- Our goal is to provide high-quality wheat bread in a caring and healthy atmosphere, exceeding customers’ expectations in every way.
- To continuously provide wheat bread for the goal of maintaining and managing health throughout the whole region of South East Nigeria.
- To increase customer satisfaction such that at least 80% of our clientele are returning customers.
- To offer premium products at fair rates and top-notch services.
3.0. MANAGEMENT TEAM OF OUR BAKERY BUSINESS PLAN IN NIGERIA
Mr. Raymond has worked in the baking industry for over 15 years. In food science and technology, he holds a BSc. He oversees our activities.
Mr. Ogunbunmi is a project management specialist with a master’s in business administration (MBA) (PMP). He is our marketing and business development strategist. The bakery’s reputation and skill are enhanced by the owner’s ten years of experience in the baking sector.
The marketing and managerial skills of the employee will help the company grow and have a better chance of succeeding.
We will generate cash flow that both satisfies operating needs and supports business expansion.
We brought to the business:
- Better customer service.
- Capacity for mass-production of wheat bread
- Our sector experience gives the company competence and credibility.
THE MATERIALS NEEDED FOR OUR BAKERY BUSINESS PLAN IN NIGERIA
Land, buildings, bread-making equipment, flour mixers, slicers, raw ingredients, baking pans, and bread-wrapping supplies are all necessary. White flour, yeast, peeled milk, sugar, egg, flavoring, etc. are some of the ingredients. The most of the materials are easily accessible in my area, so I’ll be sure to find and purchase them at a low, wholesale price.
OUR CUSTOMERS FOR OUR BAKERY BUSINESS PLAN IN NIGERIA
- 20% of revenues come from restaurants and hotels.
- Corporate organizations, which make up 25% of revenues,
- Families make up about 35 percent of all sales.
- Schools, including nursery, primary, secondary, and university institutions, account for 15% of sales.
- Supermarkets account for 5% of all retail sales.
How To Download The Bakery Business Feasibility Study Template PDF and Doc
Above is a part of the bakery business feasibility analysis in Nigeria. In case you need the complete break bakery feasibility study, follow the procedures to download it.
Pay the sum of N8000 (Eight thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know we are real people and you can trust us)
Thereafter, send us your email address through text message to +234 701 754 2853. The text must contain the title of the business plan you want and also your email address. Immediately after the confirmation of your payment, we will send the bakery business feasibility study in Nigeria to your email address where you can easily download it.