Supermarket Business Plan & Feasibility Studies 2020

0
257

The most important thing anyone going into the supermarket business should consider is
LOCATION. It is not about just setting up a supermarket anywhere, you have to consider
certain things in regards to the proposed Location of site like How densely populated the
area is, is the road to my supermarket good and accessible? What kind of people are in the
surrounding area, are they civil servants, company workers or business owners? Is there a
bus-stop nearby? All these things are key factors to consider before deciding where to set
up that supermarket.

Lets break it down a bit further;

  • Road Accessibility : Before opening that supermarket, the one thing you should have in mind is that there is going to be lots of vehicles coming in and out of the Supermarket. There are also going to be Pick-Up and delivery trucks coming in and out as some will come to deliver items to you, while some customers might come with the intention of buying bulky items like refrigerators and other large items so if the road is not motor-able that’s a no-no.
  • Population Density: This is a huge factor as you need to situate your supermarket in a location that is close to a Densely populated area so as to get enough traffic to your store. If you cannot set-up your supermarket In a densely populated area, at least set it up close to one better still, look for a fast developing area and place it along the road.
  • The People: Believe it or not, this is very important. It tells you the kind of people around that area and how much they are willing to spend on luxury items. For instance it will necessary having a furniture gallery in an already developed and established environment(*Mind you I said not necessary I did not say you should not venture into it). This is mainly because most of them already have furniture  and might not be looking to buy one in a while. But in an area where development is ongoing, having a furniture gallery would surely pay-off.

Next Step is Drawing Up the Business Plan.

Anyone can start up a small business and with luck or skill get it going strong. However if
you are going to invest heavily in the business or is looking to really make this business
grounded, proper planning is required and that means drawing up a business plan which
will give proper analysis and insight.

To get the full Supermarket Business Plan and Feasibility Studies,  
Pay the Sum of N10,000 to 0138589926 Olise Ijoma Gt bank and send 
a text with email and proof of payment.
Once that is confirmed, the Supermarket Business Plan 
will be sent to the mail sent  via Text.

Another reason why you need to settle down get and study our Supermarket business plan
and feasibility studies is that starting and running a supermarket is heavily capital
intensive. A huge capital is needed to start, run and maintain a supermarket hence it is not
something you should do callously.

The business plan PDF file contains the following, the Executive Summary (full
introductory analysis summarized here), Setting up your Supermarket properly , (full
details in business plan pdf), The Detailed financial analysis which includes running
cost and profit margin (full details in business plan pdf), Detailed instructions on how
run and maintain this business including staffing and all (full details in business
plan) Marketing strategy (full details in business plan pdf), Competition analysis (full
details in business plan pdf) etc.

With proper planning and good management, a N5 million 
(can be higher or lower) investment in a supermarket could 
easily result in N25 million of pure profit within six
months.

As you may already know Supermarket or grocery stores account for the largest share of
food store sales in Nigeria. statically grocery stores accounted for 90% of the country’s
food and beverage store sales, while supermarkets accounted for 95% of the total grocery
store sales.

The food retail industry is a high-volume, low-margin business, with cutthroat competition
from all quarters. It includes grocery stores and supermarkets, as well as convenience
stores.

Starting a supermarket in Nigeria requires more than just knowing how to buy from whole
sellers and retailing you have to have the knack for knowing how to turn first time
costumers to regular costumers.

Indeed Starting a business requires proper planning, startup capital and business/ human
relation skills need to turn your supermarket business into a very profitable venture.

TABLE OF CONTENT IN THE SUPERMARKET BUSINESS PLAN IN NIGERIA PDF

Executive Summary
Introduction
Business Description
Products and services
Competitive Advantage
Market Research
Competitor Analysis
Sales and Marketing Plan
Operational Plan
Business Risk
Management and Structure
Financial Plan and Projections.
What is a supermarket?

If you are still asking what a supermarket is, According to the Oxford dictionary, a
supermarket/grocery store is a large self-service store selling food and other goods.
Definitely, it is products that are sold in supermarkets. If you have a passion for selling, i.e
retailing other peoples product, then it is better you start up your own supermarket chain.

Important Factors before setting up a supermarket In Nigeria.

How much capital Is Required To Start A Supermarket
Where can I get goods to stock my supermarket?
Suitable Location For Your supermarket?
How many Items do I need?
profitability Of Starting a Supermarket Business and daily profit?
What commodities and products would I sell In My Supermarket
How would I arrange my shelf?
What machines do I need?
How much capital do I need to have to open a supermarket?
How much startup fund needed to start a supermarket in Nigeria? There is no specific
answer to this question as it totally depends on your financial ability.

How should do I expect daily as net profit?
This is very important, you set a business goal, for instance, in three months time, I would
make a profit of N1.5 million naira. You work towards it.

What commodities and products would I sell In My Supermarket

Organic Food – Fresh fruits and raw vegetables
Cosmetics and beauty products – Hair cream, body lotions, make-up kits, powder, etc.
Hair Products – Hair extensions, hair relaxing creams, shaving lotions, etc.
Jewelries – Wrist chains, watches, earrings, necklaces, pendants, etc.
Clothes – Suits, jackets, shirts, underwear, sweaters , skirts, pajamas, etc.

Pharmaceutical Products – Condoms, hand gloves, Hydrogen peroxide, etc.
Kitchen Wares– Plates, cutleries, kitchen pots, pans, stoves, dish washers, gas burners,
toasters, etc.
Toys: Kids toys especially cartoon characters
Canned Foods – Tomatoes, sardines, canned sauce, etc.
Diary & Poultry Products – Milk, meat, eggs, cheese, etc.
Drinks -Dry gin, wines, fruit juice, soft drinks.
Footwear (Male and Female) -Loafers, boots, sandals, slippers, etc.
Packaged chin chin – bread, assorted biscuits, etc.
Toiletries – Soaps, Toilet rolls, Face towels, Hand napkins, and Shampoos.
Household Products – flower vases, shoe bags, portable wardrobes, etc.
Sports Equipment – Skipping rope, board games, running shoes, dumbbells, static
bicycles, etc.
Electronics – Phones, television sets, laptops, DVD players, etc.
Seasonal Products – Gifts for celebrations, Christmas, anniversaries, birthdays, etc.
Food Stuffs: Rice, beans, tin tomatoes, etc.
Pet Supplies – Pet food, Liquid soaps for bathing them and Pet toys.

For the full course/supermarket business plan in Nigeria pdf which contains the detailed financial analysis, and market research call me on 07033914653.

LEAVE A REPLY

Please enter your comment!
Please enter your name here