Hi guys,

I spent some time in Lagos recently and noticed a gap yearning to be explored.
In 1004 estate, situated at VI close to the law school, there are no retail outlets in that space. I had to go all the way to Shoprite to get my purchases. This is quite strange

Lets do some modest maths here.
-1004 estate should imply that there are at least a 1000 middle class folks in the estate
-If each person is able to give you a profit of at least 100 naira a month,
>> then u would be making nothing less that 1 million naira per month

-if each person gives you a profit of 1000 naira per month
>> this should fetch you at least 10 million naira marging per month

-if each flat has 2 spenders, each giving 1000 naira a month
>> this should fetch you some 20 million naira per month


Me thinks if you're conversant with the space, you could do a drive around the estate and its adjoinings to better understand what I'm talking about.


...Cheers

Do you mean there are no kiosks and street traders?

Before 1004 was sold, there was a shopping complex or several in it.

I'm sure the new owners have plans for that, [s]and kiosks/street traders might not be part of their plans[/s]

yamakuza: Do you mean there are no kiosks and street traders?

Before 1004 was sold, there was a shopping complex or several in it.

I'm sure the new owners have plans for that, [s]and kiosks/street traders might not be part of their plans[/s]

I dont know much about the history of the place, but I did see kiosks and some street traders omly outside the gates.
I however discovered that they set high prices for my pals and I. maybe dem think say we be oyibo.

There was so much missing from these little kiosks. I still think that the place provides an excellent retail oppurtunity, that is if the estate owners eventually don't create a competition

I hear that someone has now built a large retail shop close to 1004 in VI Lagos
Narrowing the very market gap that I drew readers attention to