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

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This Untapped Business Gave Me Upto 400k In 3months / What Can I Do With The N300k I Have Saved? / 400k In The Account Lying Dormant (2) (3) (4)

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N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 1:38pm On Nov 30, 2017
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


Edit 1

My first and main sales spot is up and running.

Sales was terrible in the first week. It picked up a bit in the second week, and now the third week we are selling ten chickens per day. We sell everything mostly before 8pm which is currently our closing time. Hopefully, sales should reach 20 chickens per day before the end of the first month.

Should we reach the target of 20 per day, I will extend our closing time to 10pm and see if we can grow sales to 30 chickens per day in our second month. From the way things are going, we might be able to reach a sales target 50 (or even more) chickens per day at this spot.

3 Likes

Re: N300k Needed: Will Pay Back 400k In 4 months by bigtt76(f): 2:16pm On Nov 30, 2017
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, 2017
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, 2017
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

3 Likes

Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 2:28pm On Nov 30, 2017
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, 2017
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, 2017
Your moniker though
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 9:23pm On Nov 30, 2017
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, 2017
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, 2017
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

1 Like

Re: N300k Needed: Will Pay Back 400k In 4 months by Empress2014(f): 11:39pm On Nov 30, 2017
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, 2017
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, 2017
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 12:11am On Dec 01, 2017
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

3 Likes

Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 1:45pm On Dec 01, 2017
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, 2017
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, 2017
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, 2017
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, 2017
Complements of the season.
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 6:10am On Dec 04, 2017
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, 2017
complements of the season
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 8:00pm On Dec 05, 2017
SokoDobo:
complements of the season
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 1:49pm On Dec 06, 2017
Still open
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 2:28pm On Dec 07, 2017
SokoDobo:
Still open
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 8:18pm On Dec 07, 2017
Still open
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 6:53am On Dec 08, 2017
Good morning
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 5:43pm On Dec 08, 2017
available
Re: N300k Needed: Will Pay Back 400k In 4 months by jezsie: 1:37am On Dec 09, 2017
Wow! Great idea you have. Guess you read this: http://akinniyifelix..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, 2017
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.

2 Likes

Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 6:52pm On Jan 01, 2018
Happy New Year
Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 4:31pm On Jan 11, 2018
My first and main sales spot is up and running.

Sales was terrible in the first week. It picked up a bit in the second week, and now the third week we are selling ten chickens per day. We sell everything mostly before 8pm which is currently our closing time. Hopefully, sales should reach 20 chickens per day before the end of the first month.

Should we reach the target of 20 per day, I will extend our closing time to 10pm and see if we can grow sales to 30 chickens per day in our second month. From the way things are going, we might be able to reach a sales target 50 (or even more) chickens per day at this spot.

1 Share

Re: N300k Needed: Will Pay Back 400k In 4 months by SokoDobo: 4:36pm On Jan 11, 2018
For those in Kaduna, please patronize us for your grilled chickens. We make grilled chicken the most delicious way and the healthy way.

We are located Shop No 3, @ Kaduna Capital School Small Gate, Rabah Road, Malali Kaduna.

2 Likes

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