Let’s check out the cost of starting a Bakery in Nigeria in 2021. This information contains the complete analysis for starting a Bakery in Nigeria.
As it has always been, we had always our best to give corresponding cost analysis for business within Nigeria.
As the case may be, this article is aimed at helping any interested person(s) that wish to start a bakery business in Nigeria.
What Does it take to start a Bread Bakery?
To start a bakery business in Nigeria, you will need some baking equipment and space to carryout your baking.
As such, a start up of a bakery site and setting up a bakery business plan will require the following;
- Cooling Rack
- Bench/Bowl scraper
- Loaf Pan
- Containers/Mixing Bowls
- Oven Thermometer
- Serrated bread knife
- Baking steel
- Stand mixer
How much Does it Cost to Start a Bakery?
Now, let’s check how much it cost to open a bakery in Nigeria in 2021, from the set up to the finishing.
To start a bakery business in Nigeria will cost between fifty thousand Naira (N50,000) to five hundred thousand naira (N500,000) for a mini Bakery.
But a standard and large scale bakery in Nigeria will cost between Three hundred thousand naira (N300,000) to one Million naira (N1,000,000) startup capital.
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How much profit can someone make from bakery business?
In some instances, new entrepreneurs that Interested in starting a bakery business may be tempted to ask if owning a bakery is profitable?
The answer to this question is YES!!! Bakery business is very profitable and easy to run. Owning a bakery is very profitable.
A small scale bakery makes approximately 50 to N200,000 monthly profit while a medium scale bakery business may make as N500,000 monthly profits.
Nevertheless, a large scale bakery business makes between N500,000 to N1.5 million naira monthly profit or more.
How To Start a Bakery Business in Nigeria?
Get a Location: the best place to start your plan with is to get a site for your bakery business. It recommended that you get a location that will be easily accessible.
Set up the Bakery House: if you are totally new to this business, then it is advisable to hire an experienced person to design the bakery house for you.
Brand your Bakery: to make your bakery unique and legal, you must brand your company by registering it with NAFDAC.
The NAFDAC number will help customers to know that your products are trusted and certified and the brand name will help them to easily locate your bakery.
Buy Bakery Equipment: To start running the baking process, you will need to get the necessary equipment including the ingredients needed for the baking.
Some of the most compulsory equipment to start with include Oven, Bench/Bowl scraper, loaf pan, containers/mixing bowls.
Important ingredients needed for the start includes flour, milk, preservatives, and other ingredients needed for baking a quality bread.
Labour: since bakery business requires much of man power, it will be advisable to hire a number of workers to support in the production and baking process.
Labelling and Packaging: packaging is one of the best marketing strategies to make your bread appealing to the eye and it is the last stage in the production process for marketing your breads.
That’s the total cost of starting a bread bakery in Nigeria in 2021. Feel free to drop your thoughts and questions in the comment section below.