How To Start Fruit Juice Production Business In Nigeria
Fruit juice production business can as well be added to loads of other businesses out there that you can confidently invest in and have expectation for returns on your investments, it even gets better when you start up with a well written fruit juice production business plan.
When I wrote on fruit juice production business plan, I got questions, one of which was questions on how to start Fruit juice production business in Nigeria, other questions had its focus on smoothie, questions such as how profitable is smoothie business in Nigeria? Or how to start a profitable smoothie business in Nigeria? One would wonder the relationship between smoothie and fruit juice business, both are actually the same just that smoothie is handmade or homemade but fruit juice is mainly processed for final consumption.
When considering Fruit Juice Production Business in Nigeria or how to start Fruit juice production business in Nigeria, one thing is clear, that the business venture has grossly been underrated by most investors. The business doesn’t come as a flashy or catchy venture that yields results in terms with profitability.
Meanwhile, our main objective or focus will be on how to start Fruit juice production business in Nigeria, we already know that most people still think the business is not trendy, catchy or looks like one that will bring in the cash as profit, however, you view it, be rest assured this venture is defiantly one that will earn you the money. Truth is, there are things you got to do, these things will be outlined, before that we’ll discuss things you could do with your fruit juice business plan.
Things You Could Do With Your Business Plan
The business plan manual can serve other purposes outside using it to plan your business venture, I have carefully listed a few things you could do with the fruit juice business plan, see below;
Sourcing For Capital – The business plan at your disposal can help you in much ways other than just planning business, sourcing for finance is also as important as planning your business, the business plan can be used in sourcing for fund using the means that will be listed below.
Application For Bank Loan – Your fruit juice business plan can go a long way in your bank loan application, most banks issuing loans wants to know your business plan, and since our business plan has financial projection, it can go a long way in convincing the bank that you have your recovery plan all in place. While applying, attaching a copy of your business plan which includes an estimated financial projection makes it a lot better.
Writing A Business Proposal – This is as good as bank loan application, writing a business proposal entails having all the necessary information that is…. Information such as start up fund, profit expectation and a complete financial projection of the business in view will give your business proposal a lot of credibility.
Grants – There grants being issued to entrepreneurs, simply search for grant issuing agency and apply, most times external bodies are responsible for these grants issue, your business plan can be handy in this respect too.
Note – You can also use your business plan for academic research, seminar as well business forecasting.
How Lucrative Is Fruit Juice Business
Fruit juice business is a serious business, the business is very as lucrative as any other business you can think of, one thing that I am sure of is that fruit juice is in high demand, has been in high demand and will always be in high demand, statistics shows that a high percentage of Nigerian population consume fruit juice on a daily basis.
Nigeria is assumed as one of the highest consumers of fruit juice considering the population as well as the high demand for refined juice or fruit juice as the case may be. The high demand for fruit juice can be attributed to the short span after production of packaged fresh juice.
How To Start Fruit Juice Production Business In Nigeria
Fruit juice production business has been booming for a while now, just that a lot more people are not aware that juice making business can be lucrative if you have a marketing plan for your fruit juice products. The truth is that you need to understand this fruit juice business before you go ahead with investing, one thing is certain, and that is you need a fruit juice processing business plan in Nigeria. Here are few steps to take;
Start Up Capital – Every business requires adequate funding or financing, this should be the first in your card as an entrepreneur, raising your business capital, also note that the size of your capital will determine your business size and also the type of fruit juice you want to be making.
Get The Necessary Information On The Business – Carry out every possible research on juice making business, you need to understand that there are different types of fruit juice, I talked about smoothie business, you should be clear about the aspect of fruit juice business to go into, also know that the life span of these juice isn’t long after packaging.
Business Registration Procedure – Every business in Nigeria today needs to a least be registered by the appropriate body. in Nigeria NAFDAC is the body responsible for granting approval to businesses that are into food and drink production. Getting a NAFDAC approval is one aspect of your start up you must not over look; your business could be shot down if your business doesn’t get the necessary approval. There is other license issuing authorities that you must also go through, for example, Corporate Affairs Commission, SON, NHIS and Ministry of health, all these bodies are mainly interested in ensuring quality assurance in your products since they are products for consumption.
Location & Product – Business location and production is as important as the business itself, locate your business in a place where you can access your raw materials easily, in this case fresh fruits. Also put into consideration that some fruits are seasonal, hence device a means to sustain your productions, have a mapped out flavour for your productions
Equipment – You need to identify the equipments necessary for your fruit juice production. Here are some of the equipments you will need.
- Filling machine
- Tank for blending
- Cutting boards
- Filter press
- Tank for washing the fruits
- Water containers etc
Note – You also need equipment for preservation, however, if it is for immediate consumption you can as well remove from your equipment list.
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