Your question: How much do I need to start a cold room business?

How much does it cost to set up a cold room?

A standard cold room can cost between 4 and 10 Million Naira. If your capital is low, you might want to consider buying a small cold room, or a number of industrial freezers to start with.

Is frozen food business profitable?

Frozen food business is profitable but it is important that you carry out a feasibility study before you venture into the business. No matter how profitable a business idea is, if the business is not well planned, it may result in a loss.

How do I open a cold store?

Here is a step-by-step process to start Cold storage business;

  1. Step 1) Finalizing Location.
  2. Step 2) Equipment Selection.
  3. Step 3) Maintenance and Cleaning.
  4. Step 4) Promotion and Target Audience.
  5. Step 5) Arranging Funds.
  6. Eligibility criteria for cold storage loan;
  7. Cold storage investment cost.
  8. Benefits of a cold storage room.

How much do I need to start a frozen food business in Nigeria?

HOW MUCH IS NEEDED TO START FROZEN FOOD BUSINESS. If you are starting small #200,000 is okay. But if in a bigger way you will need up to #500,000. You have to purchase 2 deep freezers which may cost more than #100,000.

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What is cold room business?

What is the cold room business about? Basically, this business entails the preservation and distribution of perishable (livestock) food items; direct from the farms to people’s dinner tables.

How much does a freezer room cost?

Estimates for Standard Sized Walk-ins

Cooler Average Cost per month Freezer
8×8 $126.49 8×8
8×10 $119.30 8×10
8×12 $119.30 8×12
10×10 $151.07 10×10

How do I start a small frozen food business?

How to Start a Frozen Food Business in Nigeria

  1. Have a Business Plan. …
  2. Raise Your Business Capital. …
  3. Decide on Your Product Line. …
  4. Select Suitable Location. …
  5. Register With The Relevant Association.
  6. Build Your Customer Base. …
  7. Properly Plan You Storage System.
  8. Get Adequate Power Supply Generator.

How do I sell frozen food?

So, if you are wondering how to start frozen food business, here are a few essential steps and tips for you:

  1. Do Proper Market Research and Choose Your Target Market. …
  2. Find a Proper Location. …
  3. Find Suitable Suppliers. …
  4. Obtain the Necessary Permits. …
  5. Buy the Required Equipment. …
  6. Marketing. …
  7. Also Read: …
  8. Q.

Is cold storage business profitable?

Cold storage is a highly profitable business, in both developing and developed countries. There is good demand for two types of cold storage as per the storage facility. … However, multi-purpose cold storage will have good returns and profitability overall.

How much investment is required for cold storage?

To set up a multi-commodity cold storage of 10,000 tonnes capacity, investment of around Rs 20 crore is needed with a payback period of 6-7 years. Undoubtedly, cold storage forms the most vital post-harvest horticultural value chain for the downstream food processing industry.

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How do I get a loan for cold storage?

Following are the eligibility criteria laid out for those who would like to avail this loan:

  1. Individuals/Group of Individuals.
  2. Cooperatives/Companies/Proprietary/Partnership concerns.
  3. Banks check the reputation of the promoters of such business.
  4. Capacity storage should not exceed more than 5000 MT.

How profitable is frozen chicken business?

Frozen chicken business is so profitable that you can be making as much as a million naira monthly as a medium scale producer and retailer. For the purpose of convenience, the demand for frozen chicken is on the increase. Anyone who invest in this business can never incur loss.

How much can I use to start frozen food?

He stated that the outfit currently employs a full-time staff and one part-time staff, adding that if one wants to go into the frozen foods business, he would require at least N200,000. “For a start, he should have about N200,000 to buy a deep freezer, rent a shop and buy the initial goods.

How do I start a food business?

How To Start A Food Stuff Business In Nigeria

  1. CAPITAL. …
  2. MAKE A BUSINESS PLAN. …
  3. GET A PROPER LOCATION. …
  4. BE FAMILIAR WITH YOUR MARKET. …
  5. MAKE SHELVES TO BE ABLE TO DISPLAY WHAT YOU SELL. …
  6. GET THE FOOD STUFFS YOU WISH TO START WITH. …
  7. EMPLOY WORKERS TO HELP YOU. …
  8. MAKE SURE YOU ARE FRIENDLY WITH YOUR CUSTOMERS.