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Hi, I stumbled on this little secret recently and the past 1 year has been the very wonderful. I never knew I can make so much from a business that has been left to ne'er do well. If only people know how much this people make daily, they will re-classify them. Below is a typical butchers daily records and profit profile.
CAPITAL: 150,000
EXPENDITURE:
COST OF A 200 Kg COW – 105,000 LADA (ROYALTY) - 2000 LEVIES – 2500 TRANSPORTATION FROM THE SLAB TO THE LOADING BAY – 1000 LABOR - 3000 MISCELLANEOUS – 2000 TOTAL: 115,500
SALES:
HEAD – 7000 SKIN – 5000 INNARDS – 13000 EJA (REMNANTS) – 2500 GIZARD – 300 TAIL – 2000 PENIS (FOR MALE) – 350 MUSCLE – 500 BONES – 6000 BEEF @ 600 PER Kg, ASSUMING BEEF IS 140 Kg – 84000 TOTAL: 120,650
PROFIT: 5150 Not bad at all for a business that is concluded within 3 hrs for one cow. However, this is a conservative estimate and profit can increase tremendously depending on the factors I am about discussing. However, even if a butcher continue with a cow for a month and manage to maintain this profit margin, he would have netted 128,750 Naira pure profits assuming he worked 25 days that month. A 112.4% profit, within a month and don’t forget this is only on a cow per day. Imagine a butcher that slaughters 10 per day. Are you still thinking these mallams are ne’er do wells? Come to think of it, I can achieve this without spending a dime. This is after a year of building trust with the cattle sellers.
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