Tmex: It depends on hw much u hv fr d start up,u ll be needing a piece of land either by rent or purchase, a sound lister engine wch costs about 120-150k,the mould itself wch is about 100-120k,operating cost of about 300k u may be needing a truck depending on the level u e starting wit

Katier00 :
Thanks dear, i am in abuja and i intend to rent a land. I have about 700k

Krucifax: No one can give you exact costs because they vary due to factors like location and your own sourcing abilities. Below is a list of items you need.

1. Land
Most Block Industry owners do not own the land they work from. It mostly belongs to farmers who they pay a lease to.
Make sure you are close to a water source like river,stream or water way or dig a well. Water is the life blood of the business. Do not
under any circumstance entertain the idea of buying water or the business will crash before it takes of!

2.Machinery
You need a Lister engine. These are very expensive, so you want to source for the most affordable you can find.This normally means
travelling out of town to buy one.
You need a moulding machine. This is what shapes your blocks. These are made to order by local manufacturers.
You need a Water Pumping Machine(Looks like a small generator) This brings in water from your source.

3. Materials
You need wooden pallets.This is where your blocks stay to dry out after moulding.Bought from local makers. Start with a few hundred pieces
(200-500 pieces).
You need also
1 x Wheel Barrow
2 x Shovels
2 x Metal drums(To house water for your machines during moulding.)
2 x Security chains to secure items when you leave site.

4.Storage
You have two options. Buy wood from the market and ask a carpenter to construct a small hut for you. Alternatively and more expensively
you can buy a disused shipping container and convert. This is to store your items like unused bags of cement when you leave for the day.


5. Daily operation
It's profitable depending on a few factors.
Location: For obvious reasons
Season: During rainy season contructions all over the country slow down meaning less need to buy blocks and less business.
Inflation: When a bag of cement rises or falls it affects your ability to mold and customers ability to build or buy blocks for doing so.
Capital: The business is very cash intensive. Every thing you do you will have to pay upfront whilst waiting for sale to recoup cost and profit.
This includes the machine operator and labourers who are all paid per block and types of block(there are two types) and on the day!
This includes your sand delivery which is paid upfront.
This includes your bags of cement which you obviously buy upfront too.

Hope this helps good luck!

stagger:

I doubt if you can afford to start this biz in Abuja with 700k and be able to compete with the Finze or Gongola industries. Maybe you should start by selling cement.

stagger:

I doubt if you can afford to start this biz in Abuja with 700k and be able to compete with the Finze or Gongola industries. Maybe you should start by selling cement.

stagger:

I doubt if you can afford to start this biz in Abuja with 700k and be able to compete with the Finze or Gongola industries. Maybe you should start by selling cement.

Katier00 :
You are right i am jus starting on a small scale, abuja is big and there are many projects going on, i will also do some marketing too. Finze and gongola are household names in block industry and they have been in the buisness for years, i can't compete with them

stagger:

I doubt if you can afford to start this biz in Abuja with 700k and be able to compete with the Finze or Gongola industries. Maybe you should start by selling cement.

Krucifax:

Finze and Gongola are multimillion dollar businesses that have been established for decades but it's not about competing with them as they are on another planet you need to do you. It@s a bit like saying you like fashion but can't open a fashion brand because you will compete with Versace

With N700K you can start in Abuja! However this is my advice to save money on your N700K
1. Do not by a tank!!!!!!!! Trust me on this unless you want to cry a few months down the line.
2. Buy a fairly used water pump.
3. Go to current owners of block industries. The laborers will hook you up with with used wooden pallets(beware of stolen goods though)
4. Arrange with the farmer or owner of land you want to lease to offer you option of installment payments.
5. By the time you have moulded your first couple of hundred blocks you might have run out of cash. Remedy this by going DIRECTLY to the quarry BY YOURSELF to negotiate the cheapest stone dust you can find for delivery. Alternatively you can choose not too mould stone dust blocks till you start making money this would make your production cheaper. However bear in mind many customer want stone dust. And if you want to contract to people like FCDA in Abuja they only buy stone dust blocks.

Good luck

These are the only ways to stretch your N700K.

Krucifax:

Finze and Gongola are multimillion dollar businesses that have been established for decades but it's not about competing with them as they are on another planet you need to do you. It@s a bit like saying you like fashion but can't open a fashion brand because you will compete with Versace

With N700K you can start in Abuja! However this is my advice to save money on your N700K
1. Do not by a tank!!!!!!!! Trust me on this unless you want to cry a few months down the line.
2. Buy a fairly used water pump.
3. Go to current owners of block industries. The laborers will hook you up with with used wooden pallets(beware of stolen goods though)
4. Arrange with the farmer or owner of land you want to lease to offer you option of installment payments.
5. By the time you have moulded your first couple of hundred blocks you might have run out of cash. Remedy this by going DIRECTLY to the quarry BY YOURSELF to negotiate the cheapest stone dust you can find for delivery. Alternatively you can choose not too mould stone dust blocks till you start making money this would make your production cheaper. However bear in mind many customer want stone dust. And if you want to contract to people like FCDA in Abuja they only buy stone dust blocks.

Good luck

These are the only ways to stretch your N700K.

Krucifax:

Finze and Gongola are multimillion dollar businesses that have been established for decades but it's not about competing with them as they are on another planet you need to do you. It@s a bit like saying you like fashion but can't open a fashion brand because you will compete with Versace

With N700K you can start in Abuja! However this is my advice to save money on your N700K
1. Do not by a tank!!!!!!!! Trust me on this unless you want to cry a few months down the line.
2. Buy a fairly used water pump.
3. Go to current owners of block industries. The laborers will hook you up with with used wooden pallets(beware of stolen goods though)
4. Arrange with the farmer or owner of land you want to lease to offer you option of installment payments.
5. By the time you have moulded your first couple of hundred blocks you might have run out of cash. Remedy this by going DIRECTLY to the quarry BY YOURSELF to negotiate the cheapest stone dust you can find for delivery. Alternatively you can choose not too mould stone dust blocks till you start making money this would make your production cheaper. However bear in mind many customer want stone dust. And if you want to contract to people like FCDA in Abuja they only buy stone dust blocks.

Good luck

These are the only ways to stretch your N700K.

Katier00:
You are right i am jus starting on a small scale, abuja is big and there are many projects going on, i will also do some marketing too. Finze and gongola are household names in block industry and they have been in the buisness for years, i can't compete with them

Katier00:
Hello my good friends in the house. I am thinking of setting up a block industry but i have no idea how much it will cost me or how profitable it is, pls i will love contributions from the house as i intend to start it by jan. Thanks