How To Start Bakery Business In Nigeria Profitably

BAKERY BUSINESS IN NIGERIA

Bakery Business In Nigeria: The bakery business is one of the fast-growing businesses nowadays owing to the fact that bread is consumed on a daily basis in almost every part of the country.

It is a broad kind of business and you may need to choose the type of bakery business you want to venture into.

Bakery business may be capital intensive especially if you do not have any equipment to start out with.

Once you get the experience, and you’ve made your choice of location, bought some of the very important tools, you’re set to begin.

As a baker, you control the manufacturing ladder within your space. As you start out, you may not only need to bake bread alone, you could add cakes to it knowing that retailers, shop owners even private individuals will buy. So you supply to them in large quantities and make your money.

Bakeries are a popular type of food-service place. While they allow you to express your culinary inventiveness, they also serve a unique market.

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We have two types of bakeries; Retail and Wholesale. Although they make the same product, their needs and customer bases are different.

Steps To Starting a Bakery Business In Nigeria

See a few steps to start a bakery business:

After making proper findings and deciding which type of bakery you want to start and what sort of product you want to make, you can get into the nitty-gritty of starting a bakery business.

#1 Write a Plan

Writing your business plan is an integral and one of the most important parts of starting a new business because it lays out what type of business you want to open, how it is going to be structured, what sort of products you’re going to sell, marketing blueprints, and financial regulations and commitments.

See a few sections to a bakery business plan:

Executive Summary

Company Overview and Description

Market Analysis

Business Offerings

Management Plan and Ownership Structure

Marketing and Advertising Strategy

Financial Projections

#2 Capital

This is your start-up amount. The foremost amount you would need before starting a foodstuffs business.

Unfortunately, a lot of people have business plans even the foodstuffs business but do not have the capital to start.

To get Capital to start up your business, you may need to save up enough money needed to purchase goods for sale. You may also need to seek help from friends and family or apply for a loan.

Before starting a bakery, there are many factors that you’ll need to consider, such as leasing a commercial space, getting insurance, outfitting your space with equipment, hiring and training staff, stocking your kitchen, and paying for utilities.

As a result, you’ll need to have a significant amount of money available to cover these costs. However, it may take a few months after opening for your bakery to become profitable, so you’ll need cash on hand to cover costs for several months after opening.

#3 Get a Commercial Space

Getting a space in this regard will be dependent on what type of bakery you want to open.

For instance, wholesale bakeries sell their products to businesses rather than customers, they can be located farther from the city center or populated areas while retail bakeries will want to look for a space in a central location close to their target population.

However, regardless of what type of bakery you want to open, there are a few very vital considerations you have to make:

Population
Visibility and Accessibility
Closeness to suppliers
Level of competition
Space
Safety and Crime rates
Health regulations
Be licensed

Generally, the food business has a lot of health regulations since consumables are involved (what people take in).

So before starting out, seek legal health permits and licenses to avoid issues.

#4 Get Baking Equipment

To start out, you will need to get the equipment necessary and this will depend on the type of baked product you are preparing.

Mixers
Work tables for kneading
Dough dividers
Dough Sheeters
Dough scales
Storage (Shelves)
Convection ovens

You may also need holding cabinets, proofing cabinets, retarder/proofer combos, refrigerators to prepare your dough, etc.

#5 Manpower (Hire and Train Staff)

You will need highly trained staff in your bakery business to generally oversee the baking process and take orders too.

You may also need unskilled staff to help wash dishes and probably help in packaging products.

How numerous your staff is will be dependent on the size and type of your bakery.

#6 Market Your Bakery Business

Marketing is the bedrock of sales in any business. Without advertising and creating vibes about your business, it will only be in the shadows. Create ads for your bakery business! You can go to supermarkets, shops, and other shopping centers and present your bakery products to them, hence creating awareness that such products exist in the marketplace.

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How To Start Bakery Business In Nigeria Profitably

BAKERY BUSINESS IN NIGERIA