Are you interested in learning how to start a frozen fish and chicken business in Nigeria? Read along with me.
Fish and chicken are a great food that can be eaten at any time of the day. It’s high in protein, low in fat, and cholesterol free but how do you start your own frozen fish and chicken business in Nigeria?
How to start a frozen fish and chicken business in Nigeria and make a profit
The frozen fish and chicken business in Nigeria isn’t new, some people are into it already and it is a household business. Although this business has been on for a while, some people still don’t see its amazing potential in this business.
In this article, we will reveal 9 steps on how to start a frozen fish and chicken business in Nigeria. It includes:
1. Map out a business plan
Any business, regardless of its size, needs a plan. There are many factors to consider when planning a business. You conduct a thorough study of the business during this time. Keep in mind that your business will face competition. Several people are already in the business, and more will probably join after you start.
2. Source and get your capital ready
Before you can think about starting a business, there has to be money set aside for it. Capital determines the scale you start from. Various sources of startup capital are available. You can check them out online and offline or even decide to use your savings for it.
3. Decide the type of fish you wish to sell
The ones that are in demand should be the ones, to begin with before expanding to a variety. In essence, you want to know which products and types people in that locality prefer. Let’s say you want to start with fish and chicken, what species of fish does the population of that area consume more often. By answering that, you will be able to determine which to start with.
4. Choose a good location
Frozen fish and chicken businesses thrive more in certain locations because of the status of the people in the vicinity and the level of consumption of the fish and chicken involved. Study the environment keenly and be able to forecast what the returns of the business will look like in years to come. Check out online how to choose a business location and be intentional about everything.
5. Register with the appropriate organization
Trade unions and Unions in the market are well known. Each business line usually has a governing body that oversees its affairs. Become a member of the body for security reasons and even ask for advice. It protects your business by keeping you up-to-date on the latest developments in your business.
6. Plan your storage system well
The key to the frozen fish and chicken business is storage. Opening a frozen fish and chicken business requires storage facilities; refrigerators and other cooling systems. Additionally, the scale that an individual wants to start at will determine how many of these facilities to buy. Starting small is the best strategy to reduce the initial expenses.
7. Get a good generator to substitute for the power supply
Today, the electricity problem is among the major challenges businesses face. When you want to start your business, ensure you have a generator set for power supply. Otherwise, you will lose money since some of the foods may perish without power.
8. Advertise and build your customer base
In order to succeed in business, find out who your customers are and do everything you can to attract, win, and keep them. Customers keep your business running.
9. Design a strong logistics system and home delivery services
You can use this to attract more customers to your business. Providing after-sales service is a competitive advantage for your business if you can do it. Home delivery can be part of your after-sales service. Because of the extra costs, you may incur in this process, this may not be possible for all your customers. You need to be smart about the strategy.
What you need to know about frozen fish and chicken business
With Nigeria’s growing population, there is a high demand for fish and chicken. With the rising price of fresh seafood in Western nations due to environmental degradation and overfishing, it makes sense that fish prices are also skyrocketing abroad. Now is an opportune to start your own frozen-fish business as one way of earning extra income on top. The business is not quite demanding and easy to operate when you follow the steps involved keenly.
How to decide the species of fish and chicken to venture into
When deciding what type of species should be raised by those interested in starting a new venture into frozen fish and chicken, learn:
- The breeding
- The growing industry
- Consideration must also look at seasons in Nigeria where types selected would thrive best.
20 equipment for frozen fish and chicken business in Nigeria
- Deep Freezer
- Nylons and bags for delivery
- Rubber hand gloves
- Suitable standing Table
- Chairs
- Knives (Big and small)
- Chisel
- Generator
- Fan/air conditioner
- Water container
- Cartons
- Wooden boards
- Aprons
- Cabinet
- Bowls and buckets
- Waste bin
- Chopping boards
- Mops And detergents for cleaning
- Gallons storing water
- Ropes for tying the cartons where necessary
Where to buy frozen fish in Nigeria
Here we will explore how you can buy frozen fish with ease here in Nigeria.
You can get your frozen fish or frozen chicken from:
- Fish farm around your vicinity
- A Restaurant
- Roadside retail shop
- A supplier
- Chicken plant e.t.c
How much does it cost to start a frozen fish and chicken business in Nigeria?
Cost of starting frozen fish and chicken businesses in Nigeria conveniently will take around N200,000 to 400,000 hundred thousand naira.
Where to buy wholesale frozen fish and chicken in Nigeria
If you intend to start a frozen fish and chicken business and are confused on how to get it wholesale. These are ways to look out for wholesale vendors:
- Use your Google map for search for wholesale frozen fish vendors and a couple of vendors will appear, you can visit their physical address
- Check out for their phone numbers online and offline
6 Additional cost to incur in frozen fish and chicken businesses
- Supply chain logistics
- Trade and market union contributions and fees
- Management permit Levie depending on the location
- Waste management fee
- Business permit levies
- Water levies
- Light subscription
- Cost for fuel purchase
5 Advantages of frozen fish and chicken business
- Good income to be made
- Helps to maintain flavor and taste of fish and chicken
- Provides safety for storage
- It is cost effective
- Easy to run when you follow the steps and strategies keenly.
Challenges of frozen fish and chicken business in Nigeria
- Power supply
- Change in taste due to long storage
- Long storage makes it mushy and soft
Prices of frozen fish and chicken in Nigeria
Prices of frozen fish and chicken in Nigeria differ depending on the size and species. A kilo of frozen fish is up to 1200 to 1500 naira in Nigeria.
Setting up a frozen fish and chicken business
- Get your store/shop
- Clean the shop and dust everywhere
- Fix your power supply
- Connect your generator in case of power loss
- Buy the equipments required
- Set your freezer
- Arrange your tables and set your cubicles
- Buy your fish and chicken
- Arrange the fish and chicken separately in the freezer while placing a cartoon beneath it.
Business plan for frozen fish and chicken in Nigeria
To get a sample business plan for frozen fish and chicken, search on Google for templates and samples.
Conclusion
There are providers of frozen seafood and chicken that can be found within different states in Nigeria and they distribute wholesale. However, remember that it requires some careful planning before going ahead with any venture like this. Sometimes, its success rates are high since Nigerians have become more conscious about what types of foods they consume now than ever before. Considering all the different health issues many people suffer from. Learn all it takes in this article.
