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N300k Needed: Will Pay Back 400k In 4 months - Investment - Nairaland

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N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 1:38pm On Nov 30
I want to open a chain of Chicken Barbaque spots. I am currently under studying at an existing spot.

Starting with 3 sales spots. (Good spaces already identified and gotten).

From feasibility study I've done by visiting 13 different spots, demand for grilled chicken is pretty high. An average spot sells a minimum of 25 chickens daily Mondays to Thursdays and 40 chickens daily Fridays to Sundays. Average "net" profit per chicken sold is N250.
This implies that an average spot makes an average net profit of N8,000 daily.

My Plan: I plan to start with 3 sales spots. Chickens will be prepared and marinated in the main spot. Already marinated chicken will be supplied to the other 2 spots for just grill and sales.

Competitive edge:

*Non of the spots I've visited offer online sales plus delivery. I plan to do that.

*Most spots visited have poor hygiene at the vicinity plus poor branding. I plan to prioritise good hygiene and branding.

How I Plan to Make Money:

I did my focast assuming we will sell a minimum of 12 chickens per day per spot with an average net profit of N200 per chicken. (Notice that my assumption is very much realistic as it is lesser than the average gotten from the feasibility study, sales wise and profit wise).

From the focast, we shall make an average net profit of N7,200 daily.

Capital Requirement

I will need a total of N400, 000 to kickstart this business. I am expecting a payment of N100,000 next week monday been commission for a car I helped sell. I will therefore need N300,000 to balance up the capital requirement.

Repayment

From the above, I can conveniently pay back N300k + 100k profit in 4 months. 1 month moratorium will be needed.

Location: Kaduna
contact: Call/whatsapp 09081412698 or sokodobo123@gmail.com

3 Likes

Re: N300k Needed: Will Pay Back 400k In 4 months by bigtt76(f): 2:16pm On Nov 30
Nice one. Why not try some of those Micro-Finance Banks? Ren Money or Paylater?

SokoDobo:
I want to open a chain of Chicken Barbaque spots. I am currently under studying at an existing spot.

Starting with 3 sales spots. (Good spaces already identified and gotten).

From feasibility study I've done by visiting 13 different spots, demand for grilled chicken is pretty high. An average spot sells a minimum of 25 chickens daily Mondays to Thursdays and 40 chickens daily Fridays to Sundays. Average "net" profit per chicken sold is N250.
This implies that an average spot makes an average net profit of N8,000 daily.

My Plan: I plan to start with 3 sales spots. Chickens will be prepared and marinated in the main spot. Already marinated chicken will be supplied to the other 2 spots for just grill and sales.

Competitive edge:

*Non of the spots I've visited offer online sales plus delivery. I plan to do that.

*Most spots visited have poor hygiene at the vicinity plus poor branding. I plan to prioritise good hygiene and branding.

How I Plan to Make Money:

I did my focast assuming we will sell a minimum of 12 chickens per day per spot with an average net profit of N200 per chicken. (Notice that my assumption is very much realistic as it is lesser than the average gotten from the feasibility study, sales wise and profit wise).

From the focast, we shall make an average net profit of N7,200 daily.

Capital Requirement

I will need a total of N400, 000 to kickstart this business. I am expecting a payment of N100,000 next week monday been commission for a car I helped sell. I will therefore need a loan of N300,000 to balance up the capital requirement.

Loan Repayment

From the above, I can conveniently pay back N300k + interest in 4 months. 1 month moratorium will be needed.

Location: Kaduna
contact: 09081412698 or sokodobo123@gmail.com
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 2:18pm On Nov 30
bigtt76:
Nice one. Why not try some of those Micro-Finance Banks? Ren Money or Paylater?


Thanks for the compliment and advice
Re: N300k Needed: Will Pay Back 400k In 4 months by bigtt76(f): 2:24pm On Nov 30
You're welcome. Another option would be for you to approach any of the poultry houses and sign a contract with them to supply you on credit while you repay back weekly. I believe they do the same thing with big departmental stores, they should be able to do same with you too. Its better than them tying down their products without sale.

Another option would be for you to start small based on what the N100K you're expecting can cover.

SokoDobo:


Thanks for the compliment and advice

1 Like

Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 2:28pm On Nov 30
bigtt76:
You're welcome. Another option would be for you to approach any of the poultry houses and sign a contract with them to supply you on credit while you repay back weekly. I believe they do the same thing with big departmental stores, they should be able to do same with you too. Its better than them tying down their products without sale.

Another option would be for you to start small based on what the N100K you're expecting can cover.


Great advice. For the poultry farms, I have visited a few. They require that I start first and then come back to them.

Thanks once again
Re: N300k Needed: Will Pay Back 400k In 4 months by bigtt76(f): 3:02pm On Nov 30
Ok so start up, put in place your store or space and invite them over to assess your readiness if that's what they want

SokoDobo:


Great advice. For the poultry farms, I have visited a few. They require that I start first and then come back to them.

Thanks once again

1 Like

Re: N300k Needed: Will Pay Back 400k In 4 months by Empress2014(f): 8:00pm On Nov 30
Your moniker though
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 9:23pm On Nov 30
Empress2014:
Your moniker though
lol. It simply means "God dey".
Re: N300k Needed: Will Pay Back 400k In 4 months by Empress2014(f): 11:06pm On Nov 30
SokoDobo:


lol. It simply means "God dey".
what language is that? Because in yoruba it means something else entirely

1 Like 1 Share

Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 11:15pm On Nov 30
Empress2014:
what language is that? Because in yoruba it means something else entirely

Really? what does it an in Yorubas?

Soko = God
dobo = present.

God dey, their is God, God is present.

It's Nupe language
Re: N300k Needed: Will Pay Back 400k In 4 months by Empress2014(f): 11:39pm On Nov 30
SokoDobo:


Really? what does it an in Yorubas?

Soko = God
dobo = present.

God dey, their is God, God is present.

It's Nupe language
it means transform d*ck to p**sy in yoruba
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 11:49pm On Nov 30
Empress2014:
it means transform d*ck to p**sy in yoruba
shocked shocked
Re: N300k Needed: Will Pay Back 400k In 4 months by Empress2014(f): 12:06am On Dec 01
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 12:11am On Dec 01
Empress2014:
lipsrsealed lipsrsealed

It's crazy how a nice word/statement in one language will be terrible in another.
The world is really loaded with interesting diversity

1 Like

Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 1:45pm On Dec 01
Happy new month and complement of the season
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 11:41pm On Dec 01
Name your interest rate, let's talk business
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 8:47am On Dec 02
SokoDobo:
Name your interest rate, let's talk business
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 10:55pm On Dec 02
SokoDobo:
I want to open a chain of Chicken Barbaque spots. I am currently under studying at an existing spot.

Starting with 3 sales spots. (Good spaces already identified and gotten).

From feasibility study I've done by visiting 13 different spots, demand for grilled chicken is pretty high. An average spot sells a minimum of 25 chickens daily Mondays to Thursdays and 40 chickens daily Fridays to Sundays. Average "net" profit per chicken sold is N250.
This implies that an average spot makes an average net profit of N8,000 daily.

My Plan: I plan to start with 3 sales spots. Chickens will be prepared and marinated in the main spot. Already marinated chicken will be supplied to the other 2 spots for just grill and sales.

Competitive edge:

*Non of the spots I've visited offer online sales plus delivery. I plan to do that.

*Most spots visited have poor hygiene at the vicinity plus poor branding. I plan to prioritise good hygiene and branding.

How I Plan to Make Money:

I did my focast assuming we will sell a minimum of 12 chickens per day per spot with an average net profit of N200 per chicken. (Notice that my assumption is very much realistic as it is lesser than the average gotten from the feasibility study, sales wise and profit wise).

From the focast, we shall make an average net profit of N7,200 daily.

Capital Requirement

I will need a total of N400, 000 to kickstart this business. I am expecting a payment of N100,000 next week monday been commission for a car I helped sell. I will therefore need a loan of N300,000 to balance up the capital requirement.

Loan Repayment

From the above, I can conveniently pay back N300k + interest in 4 months. 1 month moratorium will be needed.

Location: Kaduna
contact: Call/whatsapp 09081412698 or sokodobo123@gmail.com
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 10:26am On Dec 03
Complements of the season.
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 6:10am On Dec 04
SokoDobo:
I want to open a chain of Chicken Barbaque spots. I am currently under studying at an existing spot.

Starting with 3 sales spots. (Good spaces already identified and gotten).

From feasibility study I've done by visiting 13 different spots, demand for grilled chicken is pretty high. An average spot sells a minimum of 25 chickens daily Mondays to Thursdays and 40 chickens daily Fridays to Sundays. Average "net" profit per chicken sold is N250.
This implies that an average spot makes an average net profit of N8,000 daily.

My Plan: I plan to start with 3 sales spots. Chickens will be prepared and marinated in the main spot. Already marinated chicken will be supplied to the other 2 spots for just grill and sales.

Competitive edge:

*Non of the spots I've visited offer online sales plus delivery. I plan to do that.

*Most spots visited have poor hygiene at the vicinity plus poor branding. I plan to prioritise good hygiene and branding.

How I Plan to Make Money:

I did my focast assuming we will sell a minimum of 12 chickens per day per spot with an average net profit of N200 per chicken. (Notice that my assumption is very much realistic as it is lesser than the average gotten from the feasibility study, sales wise and profit wise).

From the focast, we shall make an average net profit of N7,200 daily.

Capital Requirement

I will need a total of N400, 000 to kickstart this business. I am expecting a payment of N100,000 next week monday been commission for a car I helped sell. I will therefore need a loan of N300,000 to balance up the capital requirement.

Loan Repayment

From the above, I can conveniently pay back N300k + interest in 4 months. 1 month moratorium will be needed.

Location: Kaduna
contact: Call/whatsapp 09081412698 or sokodobo123@gmail.com
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 6:22am On Dec 05
complements of the season
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 8:00pm On Dec 05
SokoDobo:
complements of the season
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 1:49pm On Dec 06
Still open
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 2:28pm On Dec 07
SokoDobo:
Still open
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 8:18pm On Dec 07
Still open
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 6:53am On Dec 08
Good morning
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 5:43pm On Dec 08
available
Re: N300k Needed: Will Pay Back 400k In 4 months by jezsie: 1:37am On Dec 09
Wow! Great idea you have. Guess you read this: http://akinniyifelix.blogspot.com.ng/2017/12/never-depend-on-your-on-your-academic.html

Chat me on why you should avoid some loan givers and seek something else which am offering you. You are in Kaduna and I should be in Abuja next week. Take care.



SokoDobo:
I want to open a chain of Chicken Barbaque spots. I am currently under studying at an existing spot.

Starting with 3 sales spots. (Good spaces already identified and gotten).

From feasibility study I've done by visiting 13 different spots, demand for grilled chicken is pretty high. An average spot sells a minimum of 25 chickens daily Mondays to Thursdays and 40 chickens daily Fridays to Sundays. Average "net" profit per chicken sold is N250.
This implies that an average spot makes an average net profit of N8,000 daily.

My Plan: I plan to start with 3 sales spots. Chickens will be prepared and marinated in the main spot. Already marinated chicken will be supplied to the other 2 spots for just grill and sales.

Competitive edge:

*Non of the spots I've visited offer online sales plus delivery. I plan to do that.

*Most spots visited have poor hygiene at the vicinity plus poor branding. I plan to prioritise good hygiene and branding.

How I Plan to Make Money:

I did my focast assuming we will sell a minimum of 12 chickens per day per spot with an average net profit of N200 per chicken. (Notice that my assumption is very much realistic as it is lesser than the average gotten from the feasibility study, sales wise and profit wise).

From the focast, we shall make an average net profit of N7,200 daily.

Capital Requirement

I will need a total of N400, 000 to kickstart this business. I am expecting a payment of N100,000 next week monday been commission for a car I helped sell. I will therefore need a loan of N300,000 to balance up the capital requirement.

Loan Repayment

From the above, I can conveniently pay back N300k + interest in 4 months. 1 month moratorium will be needed.

Location: Kaduna
contact: Call/whatsapp 09081412698 or sokodobo123@gmail.com
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 10:25am On Dec 10
I have bn paid my 100k and I've decided to start with what I have. I believe I can squeeze the 100k to set up 1 sales spot.

I have paid for one spot, and setting up will commence tomorrow and will be done with in two days God's willing.

We shall open for business Wednesday and this God's willing shall be the first of my target of 50 sales spots to be launched before the end of 2018.

1 Like

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