What am I saying? Supermarket business is a venture that have become part of our very existence. We need this venture to stay afloat with basic life needs.
In this article, we will be looking at the steps and requirements of setting up a super market in Nigeria. I would like us to have a clear picture of what a mini supermarket is before we delve into the topic proper. A supermarket can be defined in simple terms as a large self-service retail shop where food and other house hold goods are sold.
The items mostly found in supermarkets include fresh and packaged food, snacks fruits, meat, milk and house hold goods like soap, detergents, kitchen utensils, cooking spices etc.
A Mini Super Market A mini supermarket can be seen as a small super market located in a semi urban or urban area.
It has all the attributes of a large super market but on a smaller scale. 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.
A working class person in need of an extra stream of income can own one and employ a sales person to take care of the place while he or she is at work. An unemployed person can also take this up as a sole means of livelihood if the capital is available. 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.
Such an owner may or may not need to employ a salesperson. 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.
Expected Challenges when Starting a Supermarket Business As with almost every business in Nigeria, the major challenge is the issue of erratic power supply. A good generator can help to alleviate the situation but this comes with the attendant cost of purchase, fuelling and maintaining the generating plant.
Another major challenge facing business owners is lack of security. Over the years, lots of supermarkets have fallen victim to armed robberies, thefts and break-ins. Lastly there are numerous people already involved in the same line of business which means there will be lots of competition for customers.
It will only take a business owner who is innovative, driven, committed and determined to thrive in this very lucrative but challenging line of business. Things to Consider Before Setting Up a Supermarket in Nigeria In order to be successful in this business, the following has to be taken into consideration while drawing out a viable business plan.
Location In setting up a business of this nature, the importance of location cannot be over emphasized. 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.
This is because the mini supermarket business will hardly have the available funds to afford an elaborate advertisement campaign hence it has to be located where it will be exposed to potential customers.
Secondly, almost everyone will love to do their shopping in a place that is easily accessible. No one will want to shop in a place where arriving or departing will be a hassle.
In summary, the best place to locate a mini super market in Nigeria is along a busy road or junction where your shop will be exposed to a high stream of consumers.Business Plan for a Supermarket in Nigeria – Setting up a Provision Store in Nigeria In this article, we are going to look at the steps and factors to consider when setting up a supermarket in Nigeria.
Supermarket Business Plan in Nigeria & Feasibility Study Setting up a supermarket is huge and so you need proper planning to get everything up and running in the right direction, there is no doubt a supermarket business in Nigeria is a very lucrative business.
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.
So, ensure that you take out time to sit back and draft a good business plan that can serve as a guide for your business. Supermarket Business: Starting a Supermarket Business in Nigeria Irregular power supply: In Nigeria, one of the major challengeis the issue of erratic power supply.
Although, a good generator can be used as an alternative to this. A short guide on how to set up a small sized supermarket business in Nigeria and a link to getting a reliable business plan. After payment text your name, send a text of your e-mail address to and you’ll receive your SUPERMARKET BUSINESS PLAN IN NIGERIA PDF / FEASIBILITY STUDIES REPORT.
Business Description of Supermarket Business Plan in Nigeria PDF. Business: GROCERY STORE. Industry: SUPER MARKET (Grocery Store Business .