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      New Member

      Cost of Starting a Frozen Food Business in Nigeria

      I need an ideal on how to start frozen food from the beginning to the end as am planing to leave my current work. I also want to know if it worth leaving my current work, for my salary at my current working place is 80k. For a man whose planning to have his own company please any other idea will be welcome!

      ITEM TO BE USED

      Deep freezer… 3

      Capital… how much and others expenses

      Location…. somewhere in Agric ikorodu

      Shop…….. 2 shop

      POS…. I will need to use it for less cash

      Staff…. how many

      Experience…  . my mother was selling it. I also helped her to hawk it when it was little family business.

      Thank you

      9 Answers
      Active Member

      Hello Mutiu, why not combined the two for now? Continue working and then look for someone to manage the business for you for sometime. Until you ensure the profitability is worth more than your salary or you can continue working to gain in both ways.

      No doubt frozen food business is lucrative if well managed. Starting the business won’t be hard for you since you have a bit knowledge about it. Cost of starting frozen food business in Nigeria conveniently with two shops, give and take should be around N2 to 3million naira.

      Answered by Chinwe on September 26, 2017..
      Active Member

      80k salary? How much have you saved as a capital to start this Business?

      Answered by Matex on September 26, 2017..
      Pro Consultant

      Cost of starting a frozen food business in Nigeria varies depending on places and item required. From what you mentioned above, I think you will need about N2million to get started.

      3 Deep freezer – N300,000

      Shops – N200,000

      POS – Fee of 1.25% deductible from every transaction for the services provided which includes routine maintenance of the POS units.

      For two shops, you will need 4staffs (two each) one cashier and one attendant – N100,000 monthly salary (N25,000 each). Budget 10 months salary – N1,000,000

      You will need other things like the measuring scales and

      Total estimated startup capital = N2,000,000

      Answered by Darlington Omeh on September 26, 2017..
      Expert Consultant

      1m is a good amount, but you will need more to start on a large scale. The 2m above is excluding generator. You don’t want to rely on PHCN. A generator that will power 2 shops steadily will cost nothing less than #350, 000

      Fuel too. I will advice you don’t quit your Job yet. be running this underground and also continue working.

      Answered by Adebisi Opeyemi on September 26, 2017..
      Return Member

      I think for a frozen food business you will certainly need more than two deep freezers because you will be selling different kinds of frozen food. Chicken will have separate fridge, fish will have its own, turkey, cow meat and the rest. All will have their own separate freezers.

      Therefore to power them effectively, you may need KVA generator. In that case minimum of N700k for generator alone.

      Answered by Ben Ndiaya on September 26, 2017..
      Expert Consultant

      We have an article right here that you should read first.

      How to Start a Frozen Food Business in Nigeria

      How To Start A Frozen Chicken Business In Nigeria

       

      Check them out and then lets hear a feedback from you

      Answered by Adebisi Opeyemi on September 25, 2017..
      New Member

      What about generator and others expenses
      I have a 1m for now

      Answered by Mutiu Oyeledun on September 26, 2017..
      New Member

      Am very happy to be part of this sites family may God be with you all amen,

      I will also don’t mind if I see any others alternative business thats is really good

      Answered by Mutiu Oyeledun on September 27, 2017..
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        on September 27, 2017.
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      New Member

      I’m happy to be here. Please bros, don’t quit your job yet. You can start little as others have said but don’t quit your present job until you have enough profit to rely o.

      Answered by Adekoya Folasade on October 25, 2017..