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Sunday 4 June 2017

How to Start Cooked Noodles business

Today, Instant noodles have become a favorite meal amongst Nigerians simply because not only is it delicious but also fast to cook.
Its consumption has dramatically increased over the years and there are many brands producing noodles, from Indomie to Mimie etc
This has provided Nigerians with another business opportunity. Before you walk down a street in Lagos, you would see more than 3 cooked noodles sales outlet. The way you brand your business will determine how you can beat the competition.
There are some outlets that sell a pack of cooked noodles for #600 while some go as low as #300. The difference is not far fetched, the way you present your business, in terms of ingredients and packaging goes a long way in determining your selling price.
Some add Chicken wings, some eggs, some sardine etc

WHAT YOU NEED
Budget: N10, 000 – N50, 000
This business won’t cost much financially, because we believe you already have most of the things you need to kick start it at home. So to save you money, start small with what you already have and grow.
Things to buy:
Umbrella or canopy
*Space/land/shop
*Gas cooker
*Pots/frying pan/take away packs/
*Table
Plates
Seats
(Items marked * are things you must have to start others you can do without)
POSSIBLE RETURNS
How much can you possibly make off this business? Let’s do the maths together
1 plate sold for N400 contains 2 packs of noodles and 2 eggs.
You make N4000 per carton – (Excluding Cost)
You make about N3000 on a crate of egg that cost N1, 000 - Excluding Cost)
1 carton of noodles (40 packs): N1900 (not all brands)
1 crate of egg (30): N800 – N1000 (depending on size)
Other ingredients: N500 (carrot, green beans, pepper, onion etc)
Cooking gas refill (5kg): N2000
How well you do is a factor of how good your noodle tastes, the added ingredients, your marketing skill and approach to customers.
There is more than 100% return if you manage the business well.
Feel free to send your questions.
Stop complaining about your lack of money. Start a business today.


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