This article is centered on the cost, registration, equipment needed and well-detailed steps on how to start a bakery business in Nigeria, to start a successful bakery business in Nigeria you need to read this post to the end and get the Detailed Business plan/Feasibility report.
I personally have been telling you this for long that as long as people exist food business will always be lucrative, this means that anyone that invests in the food business will never regret it as long as you know what you are doing.
No doubt that bakery business is very lucrative in Nigeria, you do not need anyone to tell you that but the fact is you don’t just dive into business without knowing some things about it.
We have several niches in the bakery, some are into the baking of bread while some bake cakes or sandwiches, but whichever one you plan on subscribing to you can be successful within a short period of time.
Read Also: How To Start Biscuit Production Business
Once you can follow the guides we have listed here then you shouldn’t have anything to worry about.
There is a reason why you found yourself reading this article, it certainly means you are about taking a step into owning a bakery, in short, you have taken the most important and first step every person intending to start a business is expected to take.
We have taken our time to provide you the necessary information you need to start your own bakery knowing how the business fares, how to register your bakery with the government, and every other information needed.
Bread is one of the favorite food of Nigerians and aside from that it is not so expensive to buy and the market moves well. What about baking cakes? you can also do well in baking cakes as every week we have celebrations likewise baking of snacks.
Read Also: How To Start A Snack Business in Nigeria
How Much Does It Cost To Start A Bakery in Nigeria?
The first thing to consider is how much it is going to cost you to start a bakery in Nigeria, this is a frequently asked question on the internet and most people get discouraged by the different amount they see on the blogs visited.
Do not be discouraged with their huge price analysis, you can always start small in any business and bakery business would not be an exception. For as low as ₦100,000 you can become a bakery owner. The most important thing is to get your oven and other equipment in place. (See lucrative business you can start with 100k)
But if you really want to drive the market in your area then you need a medium-sized bakery with a start-up capital of around ₦500,000 to ₦800,000, and if you want it huge (large scale) then prepare ₦10 million for the business.
The thing is that you need dedication as you might even spend more than the planned amount based on your taste of how you actually want the company to be.
But to be certain, according to the information gotten from those into it due to their years of experience you need up to ₦800,000 to start a medium and standard bakery in Nigeria.
You should note that perfection is needed in this business so when making your plans you have to be accurate with everything including timing.
Just like other business articles published on this website, the bakery business is also very lucrative which can make you wealthy in no time.
Prices of Bakery Equipment (Basic Ones)
To start a bakery business knowing the prices of the equipment is very important, below is the cost of baking equipment in Nigeria:
- Deck Oven (1 pack): ₦900,000 – ₦1,000,000
- Dough Mixer (1 sack): ₦1,200,000 – ₦1,300,000
- Dough Mixer (25kg): ₦450,000 – ₦500,000
- Tabletop Slicer: ₦250,000 – ₦300,000
How to Start a Bakery in Nigeria [Step-by-step]
Everything being said, now let us analyze the process for you to know how to start your bakery business in a standard and appropriate way with no issues with the government.
Step 1: Business Analysis
You need to analyze how you actually want your bakery to be, the size, the type of bread you want to bake, or rather the cakes and snacks, all these have to be thought of and properly examined before moving to the next step. Knowing how to get your capital and extra money for miscellaneous, selecting a perfect location, and so on.
Step 2: Business Plan
This is also very important, this will guide your spendings, just as every other business you need to write a neat and well-structured business plan for your bakery business. A good business plan will consist of your strategies, how you intend to lead the competition in the bakery business.
Check Out: How to Write an Effective Business Plan
Step 3: Get Registered
You intend to deal in food which means you have to register your business with the government agency that oversees anything that concerns food and drugs, aside from registering a CAC (Corporate Affairs Commission) for your company brand name you also need to register with NAFDAC (National Agency for Food and Drug Administration and Control). Once you are registered then people won’t be afraid of buying what you produce.
Step 4: Location Close to Your Market
This is very important and should be taken seriously, one thing is having a business another is choosing a befitting location, if you make a mistake of choosing a location that isn’t good for the market you sell then your company can close down within months of starting it. We do not want you in such a situation so make sure you choose a location where the demand for your bakery products is largely needed. Normally you need to be in the city or very close to the city where transportation will not be a problem also electricity.
Step 5: Recruitment of Employees
Either you intend to start small or big, the fact that you intend to be serious with your baking business you need to employ either two or more workers/employees to get your baking business running effectively. Most times you as a boss need to interact with your customers and you might not be chanced to meet up with the set number of pieces you plan to make daily. The number of employees depends on how large your business is, you will be needing an experienced specialist in the field to ensure stable productivity.
Step 6: Equipment
You do not need to be told that operating a bakery business needs some equipment, ranging from oven to mixers, slicer and so on, also your packaging including a beautiful label or printed package bags.
After all these have been met then you need to get started with the production, marketing and selling of your baked stuffs.
Conclusion On Bakery Business In Nigeria
The best way to start a standard bakery in Nigeria is to start with a medium-sized or you start large but of course, there is nothing bad in starting small. You have to be well prepared so as to have a smooth running bakery company and the more your investment the more your income in the business.
DONT STOP HERE, LET’S GET YOU STARTED. ORDER FOR THE DETAILED BUSINESS PLAN AND FEASIBILITY REPORT ON BAKERY BUSINESS IN NIGERIA. TO ORDER, EMAIL [email protected] OR WHATSAPP 08142633953