Overview Of Canned and Bottled Drinks Store Business in Nigeria

Canned drinks generally called minerals are beverages which contain gas and carbohydrates. They are revitalizing and best-served chilled. Can drinks are extremely consumed in which implies there is a market for them since people would certainly maintain patronizing you. Many people quench their thirst with can drinks. Can business is profitable that is why lots of stores are sprouting from every nook and cranny of Nigeria. Also at that, there is space for new entrants since Nigeria population is high. There are various ways to begin can drink business; as a supplier, as a wholesaler set up your store and as a retailer.

Potentials of the Canned Drink Business in Nigeria

Soft drink business is among the profitable businesses in Nigeria and the reason for that is not farfetched; it is a norm for every event in Nigeria to include can drink to their list of drinks and people are not excluded, some cannot also eat without it. Can drink is high demand product that people prepare to purchase throughout Nigeria even on the street. If you are planning to venture into it but scared possibly as a result of failure in other business you have attempted in the past, I guarantee you that if you comply with all the procedures in this write-up you will recover all your lost investments with this business.

Steps to Starting a Can Drink Business in Nigeria

To start a can drink business in Nigeria, you must follow these guidelines in order to be profitable in it. The guidelines include:

1. Make Research: Research will help you to have knowledge of how the business is being done. It will also help you to know the type of drink that is most profitable in your location as it will guide you to know the type of drink people consume most in that area. This will help you as a distributor or a retailer. It will also help you on how to get different products from the company or suppliers.

2. Develop a Business Plan: This is most useful to those with ambition, it is ideal to write down your plan, especially those who are retailer and are aspiring to move from that level to distributor, writing down you plan is most ideal for you. Also, a good business plan will give you access to a substantial loan or grants that will enable you to enlarge your business coast.

3. Register Your business: Having a business name and getting it registered will show how serious you are towards your business. Therefore, you must have a business name either as a distributor or as a wholesaler. You must go Corporate Affairs Commission to register your business. In this way, you will be recognized by a potential company to be their distributor.

4. Get a Store: You must have a place where you stock your products. This however depends on the stage you are operating from. If you are operating as distributor or a wholesaler, you need a very big place to stock your products. But you are a retailer, a small place or a container store is okay to start with.

5. Market Your Goods: Selling of can drinks is easy given that you carried out your research well before starting. However, you still have to create awareness for your target consumers.

Overview of The Template

This excel template gives every financial details and comprehensive projections into starting a small-medium can and bottled drinks business in Nigeria.

All analysis and figures used in the template are real financial projections and potray the current price and cost analysis in todays economy.

Features

1. Comprehensive Profit and Loss Projection.
2. Sensitivity Analysis.
3. Pre-Operating Equipment Requirements.
4. Operating Expense List.
5. Loan Repayment Plan.
6. Direct Material Cost.
7. Proposed Pricing.
8. Cost Forecast.
9. Sales Forecast.
10. Cash Flow Statement.
11. Viability Analysis.

Use Scenarios

This excel template is most suitable for the following:

1. Promoters of existing and New Start-up Businesses that need funding in form of grants,loans,partnerships etc. from governement agencies and venture capitalists.
2. Business and Financial Analysts working on viability and feasibility of a can and bottled drinks business in Nigeria.
3. Business Administration and Entrepreneurship students who need a comprehensive financial plan for a Business Plan.
4. Investors and Venture Capitalist who need financial analysis of the can and bottled drinksbusiness for informed decision making.
5. Entrepreneurs who need expansion ideas for their businesses.