When going for a generatorthere is need to engage a professional to find out the expected electrical load in the supermarket. Also ensure that all the applicable taxes and levies are settled. It is important that you train your staffs on how to handle various categories of customers.
Of course, full time and part time students in tertiary institutions can also get involved in this business as long as they can afford to joggle business and school or maybe hire someone to fill in for them.
Because of that, you might need the help of a business consultant. A Supermarket business is capital intensive. Write as much detail as you can about the product; or get web designer to design the site for you if you can really handle the process of setting up a website.
Anyone intending to setup a supermarket business must consider the capital involved and also have a plan to source for it. Over the years, lots of supermarkets have fallen victim to armed robberies, thefts and break-ins. When your business is registered with the corporate affairs commission, it opens a whole new world of possibilities.
Once you've narrowed your brand identity, look for ways to infuse this brand into every aspect of your supermarket chain. The type of good to concentrate on is determined by your location and consumer goods that sells off quickly. Replace existing equipment in facility to provide an energy efficient environment.
Expected Challenges when Starting a Supermarket Business As with almost every business in Nigeria, the major challenge is the issue of erratic power supply. It is important to locate your supermarket in a place that can easily be accessed, in place that have ample parking lot, and in place where you would have to compete with fewer or no other supermarket.
You need to start sourcing for your products while the site is still under construction and find suppliers and manufacturers that can supply you products at a discount rate since you will be buying in bulk from them.
This is the main factor to consider since all the above factors depend solely on available capital. This way, you would not need to get any physical product since the supplier will send the product directly to the customer when an order is made.
So, ensure that you take out time to sit back and draft a good supermarket business plan that can serve as a guide for your business.
How much startup fund needed to start a supermarket in Nigeria? No doubt starting any business is not as easy as it sounds. The market is seeking grant funding to assist with greater development efforts and to provide opportunities for further growth. They make serious gains from each items since they are buying very cheap from there.
Install Automated Machine for Your Cashiers One of the easiest ways of blocking loopholes and stealing in your supermarket is to install automated machine for all your cashiers. We are committed to our employees by treating them with respect, fairness and integrity and exposing them to an atmosphere that fosters teamwork and professional development.
Business Registration It is important to make provision for the adequate registration of your business with all the local authorities as well as the Corporate Affairs Commission CAC.
An unemployed person can also take this up as a sole means of livelihood if the capital is available. You might have to go on a road show to inform the community of your new supermarket in their neighborhood, or you might adopt print and electronic media to advertise your business.
Supermarket business is a venture that have become part of our very existence. This could be really advantageous because such a person will have ample time to monitor the day to day running of the business and also nurture the growth of the business.
Sports Equipment — Skipping rope, board games, running shoes, dumbbells, static bicycles, etc. But if you operate a bigger supermarket, then you must hire enough staffs that can help you man the supper market.
A simple clue is to place like items in the same areas. The erratic nature of public power supply means that there will be need to purchase a generating set. When goods are neatly arranged in their appropriate location, it brings out the beauty of the complex, making it easier for customers buy.
After you set up your grocery store, try to deliver quality customer service to your customers to make them come back next time. The building was erected in the 's and has received limited upgrades to support the need for energy efficient building infrastructure and equipment. All you need is to buy a domain name relating to your grocery store, rent a hosting plan for your domain name, then download a WordPress ecommerce store, snap clear images of your products and upload it to your ecommerce site.
Location In setting up a business of this nature, the importance of location cannot be over emphasized.
Carry out Your Feasibility Studies If you truly want to start a supermarket that would enjoy continuous high patronage, then you should carry out your feasibility studies to enable you know the ideal place to situate your supermarket, the goods that are in high demand in the community, and loads of other factors that will help you plan and achieve your business goals.
In fact apart from finance, it can be regarded as the single most important factor that will determine the success or failure of the business. For instance, it would pay more to invest in a bit more of stationary like books, pencils, pens, cardboard paper, markers among others, if you are located in a student environment.
Give serious thought as to where your new supermarket chain will fit into this landscape.Starting a Supermarket – Sample Business Plan Template. 1.
Write Your Business Plan. No matter the kind of business you want to start, as long as it is called a business, you would need a business plan to effectively start and manage the business.
A Complete Model of the Supermarket Business Frank Steeneken and Dave Ackley Introduction This Article provides a complete picture of the underlying skeletal structure that holds every supermarket business together while achieving its goals.
The supermarket model introduces a. In Nigeria a medium size supermarket can cost between #5M to #10M ($ to $) to set up, while a large-scale supermarket could cost above #10M to set up. However, you can set up a mini-supermaket and grow it over time to large supermarket.
Read Also: How to Start Snacks Selling Business in Nigeria The basic idea of a supermarket is a place where personal and house hold goods as well as food items can be purchased conveniently in retail quantities, and at an affordable price.
For the full course/ supermarket business plan in Nigeria pdf which contains the detailed financial analysis, and market research call me on TABLE OF CONTENT OF THE SUPERMARKET BUSINESS PLAN IN NIGERIA PDF. Executive Summary Introduction Business Description Products and services.
Starting a Supermarket – Sample Business Plan Template. 1. Write Your Business Plan. No matter the kind of business you want to start, as long as it is called a business, you would need a business plan to effectively start and manage the business.Download