Starting a bakery in Nigeria requires a proper planning and is not as easy as it may sound. To run a successful bakery business you must be ready to comply with all the requirements and criterias of the business.
There are many factors to consider when opening a bakery in Nigeria, which business plan is the major factor to make it more lucrative and successful.
Bakery business meets up the daily demand of the people. Bakery is an aspect of food business that is thriving very high around the world, Therefore, considering it as a choice of business is a great idea.
You are reading this article because you are interested in starting a bakery and you want to know the procedures, requirements and how to start up your own bakery. Either way, you will get the needed information here, because you are at the right place.
It is no more a secret that bakery business is among the top 21 lucrative businesses in Nigeria according to TIPSINFLUENCER TEAMS. You can also testify how bakeries are making it within the space of two years.
Also note that: Bakery business is not a get-rich-quick business, but will the Right strategies, level of marketing and satisfying the demand of the people then consider your Bakery a successful venture. The high demand of baked products will always give space for more bakeries in Nigeria.
This article covers all you need to know about opening and running a successful bakery business and also about the requirements and cost of starting a bakery in Nigeria.
How To Start A Bakery Business In Nigeria
Here are step-by-step guide on how to start a bakery in Nigeria both small-scale and commercially:
1. Get Trained First
Baking doesn’t require you to go to university or any other former education to get the skilled. Therefore, there are courses you can take if you want to learn baking, it can be through YouTube or any other online programmes.
You can get trained through apprenticeship, because it requires much practical knowledge, so the best way to learn is through apprenticeship.
You also have the option to enroll into classes it can be online or offline which can provide you with the necessary knowledge and requirements to become a baker. The following are what you can learn through the training:
i. Kneading
ii. Food safety
iii. Shaping dough
iv. Moulding
v. Glazing
vi. Machine operation etc.
2. Create A Business Plan
Having a good business plan for your bakery allows you to recognise how you will be successful in the industry. Many people failed to stand firm due to lack of business plan.
What makes your bakery successful from other Bakeries is a solid business plan, it can help you to stay organised and obtain the necessary fundings needed.
Creating a bakery business plan allows you to analyse every details of the business ranging from equipments needed, capital involves, competition, management and the market analysis.
Note that business plan can turn your vision into realistic goals and expectations meant to impress and interest investors.
3. Capital
When starting a bakery business there are many cost that you need to consider such as the capital for equipment, business registration fee, staff fees and stocking fees.
As the requirements maybe you will need a significant amount of money to cover up the cost required to start a bakery business. There are also so many ways to raise capital or fundings for business which includes commercial loans, small business loan, etc.
4. Location
One of the factors that makes a bakery lucrative is the location of the business. As a baker you need a location where people can see your bakery and your edible goods. This is the reason why professional bakers usually takes their time to find out the best location according to their experience.
If you are intending to start a bakery business, Then consider the location and environment as one of the important factors that will tremendously boost your business success.
5. Register Your Business
As you are planning to venture into this, you should plan to register with the Corporate Affairs Commission (CAC).
6. Purchase The Needed Equipments
Bakery start-up equipment plays a vital role by determining your bakery standard. You should know that bakeries requires different types of baking tools, kitchen appliances, measuring equipments and many others.
The following equipments are needed for bakery business in Nigeria:
i. Oven
ii. Proof boxes
iii. Racks and baking sheets
iv. Mixers
v. Work tables
vi. Chiller
vii. Sinks
viii. Freezers, etc.
These are some of the equipments and tools needed.
7. Employ Workers
You have to decide how many staff you need to get started. It is 100% possible to start with two or three people in total, but as you are progressing you will need to employ more staffs.
Here are some of the staff you will need; production bakers, counter staff, specialty bakers, and kitchen helpers.
First, you need to be sure to employ or hire staffs that are skilled in performing their roles in the bakery business.
8. Promoting Your Bakery Business
Spend money on advertising your products. There are lots of bakery’s you are likely to compete with that is why you need to involve and invest in professional marketing and promoting of your business.
Your advertising efforts can have a great effect on how successful and profitable your bakery business will be.
The best method of advertising starts with the word of mouth in order to attract customers, then through billboards and using social media. Of course, the Internet is very effective in reaching your targets.
Cost Of Starting A Bakery In Nigeria
Before starting any business it is important to have an overview of the requirements and cost of starting the business. The following are the requirements and cost to consider in starting a bakery in Nigeria:
- Training cost
- Business registration
- Equipment cost
- Staff employment budget
- Promotion/advertising cost
However, it is very hard to estimate how much required to start up a bakery, But based on research, the rough estimate should be around $10,000 to $200,000 for a standard bakery, which a mini battery ranges from $1000 to $10,000.
Summary
Bakery business is one of the best business opportunities which individuals and groups should consider when searching for business ideas to start in Nigeria.
It can also give you the opportunity to develop an extra source of income depending on how you take the business.