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VENDING MACHINE BUSINESS PLAN TEMPLATE IN NIGERIA
Crunch-More Vending Company is a business enterprise in the retailing industry that will be specialized in leveraging the vending machine retailing model. Although our business will be based in Challenge, Ibadan where we have been able to secure a 40 by 40 feet warehouse, we plan to expand to all major cities in Nigeria.
We are aware that there are several large and small retail outlets and businesses all around Challenge who are into vending machine business as well, which is why we spent time and resources to conduct our feasibility studies and market survey to position our vending machines in strategic places in and around Challenge and also to offer much more than our competitors will be offering in terms of products and of course customer service.
Crunch-More Vending Company will ensure that all our customers are given first-class treatment whenever they purchase products from our vending machines. No matter how large the numbers of our customer base may increase, a one on one relationship will be maintained with our customers using CRM software. When making some business plans, we will ensure to involve our customers in the decision making.
We will also ensure that money changers are position in some of our busiest vending machines locations so to ease the problem of change face by our customers when purchasing from our vending machine.
A 24 hours a day and seven days a week, mini standard call centre/ customer complaint centre will be operating for the sole purpose of resolving customer’s complaints as fast as we can within the scope of our business.
Crunch-More Vending Company is owned and manages by Richard Michael. A graduate of Business Administration who has extensive experience working with one of the leading retailing outlets with several leading vending machines in Nigeria.
Our Products and Services
Crunch-More Vending Company is in the vending machines cum retailing industry to make profits and ensure we go all the way to make available a wide range of goods and products from top manufacturing brands in Nigeria and other countries across the world.
Here are some of the goods that will be available in our vending machines;
- Children’s toys
- Beauty products and cosmetics
Mission and Vision
- Our vision is to build a vending machine business that will have an active presence all over Ibadan, Oyo state and major cities of Nigeria.
- Our mission is to establish a vending machines business that will make available a wide range of goods and products from top manufacturing brands at affordable prices to the residence of Ibadan and major cities in Nigeria.
Our Business Structure
Crunch More Vending Company intention of starting a vending machine business is to build a standard vending machine business with vending machines in a strategic position in key cities in Oyo state and of course major cities in Nigeria.
Putting in place a good business structure, we will ensure that we hire only people that are qualified, honest, customer-centric and are ready to work to help us build a prosperous business to occupy the following positions;
- Chief Executive Officer (Owner)
- Warehouse / Store Manager
- Merchandise Manager
- Admin and Human Resources Manager
- Sales and Marketing Manager
- Information Technologist
- Client Services Executive
Our Target Market
We do want to reach those we have set out to meet their needs. hence, we will leave no stone unturned in identifying who they are. Perhaps the vending machines business / retailing industry have the widest range of customers; everybody on planet earth has one or more things that they would need in a retail shop or from a vending machine. It is difficult to find people around who don’t patronize retail shops or vending machines when they come across one.
We have conducted our market research and we have ideas of what our target market would be expecting from us. We are in business to retail a wide range of products via our vending machines to the following groups of people;
- Corporate Executives
- Business People
- Sports Men and Women
It is important to state that our sales forecast is based on the data gathered during our feasibility studies, market survey and also some of the assumptions readily available in the field. One thing that is common with vending machine business is if you have your vending machines installed in locations that are prone to high traffic; the easier it is for you to make sales.
So also, the more the variety of the products you have in your vending machines, the more customers you are going to attract.
This is why we will ensure that within our capacity we make available a wide range of goods from different manufacturing brands in all our vending machine outlets. Below are the sales projections that we were able to come up with for the first three years of operations;
- First Year-: N20,000,000
- Second Year-: N50,000,000
- Third Year-: N120,000,000
Start-up Expenditure (Budget)
When it comes to starting a vending machine business the major areas that you look towards spending the bulk of your cash is in the purchase of vending machines and of course renting or leasing warehouse facilities. Aside from that, you are not expected to spend much except for paying your employees and the purchase of vans.
We would need an estimate of N50,000,000 to successfully set up our vending machine business in Ibadan.
Generating Startup Capital
Crunch-More Vending Company is a private business that is solely owned and financed by Richard Michael. he intends to welcome any business partner.
These are the areas we intend to generate our start-up capital;
- Generate part of the start-up capital from personal savings
- Business Partners
- Apply for a loan from our Bank
N.B: We have been able to generate about N20,000,000 and we are at the final stages of obtaining a loan facility of N30,000,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
How To Download Vending Machine Business Plan PDF and Doc (With financial analysis)
Pay the sum of N5000 (Five thousand naira only) to the account detail below:
Name: Oyewole Abidemi (I am putting my name and not our company account so you know I am real and you can trust me, and trace me)
P.S: We can also tailor the business plan to your name, business size, capital requirements, and more to fit your direct needs. Call or message +234 701 754 2853 for inquiries.
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 Vending machine Business Plan to your email address where you can easily download it.