₦airaland Forum

Nazgul:
Lol. In my area, I've counted about 4 of their stores within walking distance from each other. It's not like they're into tech that one can easily conclude that they can rake in hundreds of millions as turnover at the end of the year if their services is accepted worldwide.

They sell regular groceries which you can easily get at cheaper rates from mallams and shops within your neighborhood.

So what's their profit margin considering how much they spend on staff salaries, electricity, building cost, taxes...etc. Are they making profit at all?

Nazgul:
Lol. In my area, I've counted about 4 of their stores within walking distance from each other. It's not like they're into tech that one can easily conclude that they can rake in hundreds of millions as turnover at the end of the year if their services is accepted worldwide.

They sell regular groceries which you can easily get at cheaper rates from mallams and shops within your neighborhood.

So what's their profit margin considering how much they spend on staff salaries, electricity, building cost, taxes...etc. Are they making profit at all?

Mariangeles:
Bokku has the best business strategy compared to those ones. 🙄

The common man wants to feel among. Include them in your business plan.



Quit exaggerating.

GloriousGbola:
every mallam sells coke and pepsi at 500
bokku sells coke at 390, pepsi at 370

kings cooking oil 3 litres ws 12k, noww 11k. it is like 15k everywhere else
i bought canoe soap the big one at n600 . in most su0permarkets it is over n700
bag of rice is definitely less

they sell sugar 1100. same sugar is 1250 to 1500 in other stores

rat board is n300 in bokku, n500 everywhere else

a lot of their prices are lower.


shoprite is dead, imho. there is NOTHING worth buying there anymore

the best that can happen is one goes there when they are doing promos

i have no idea who they are chasing with their pricing

Mariangeles:
That is not true.
They sell cheaper.

GloriousGbola:
Every mallam sells coke and pepsi at 500
bokku sells coke at 390, pepsi at 370

kings cooking oil 3 litres ws 12k, noww 11k. it is like 15k everywhere else
i bought canoe soap the big one at n600 . in most su0permarkets it is over n700
bag of rice is definitely less

they sell sugar 1100. same sugar is 1250 to 1500 in other stores

rat board is n300 in bokku, n500 everywhere else

a lot of their prices are lower.

Nazgul:
Lol. In my area, I've counted about 4 of their stores within walking distance from each other. It's not like they're into tech that one can easily conclude that they can rake in hundreds of millions as turnover at the end of the year if their services is accepted worldwide.

They sell regular groceries which you can easily get at cheaper rates from mallams and shops within your neighborhood.

So what's their profit margin considering how much they spend on staff salaries, electricity, building cost, taxes...etc. Are they making profit at all?

Mariangeles:
Bokku has the best business strategy compared to those ones. 🙄

The common man wants to feel among. Include them in your business plan.



Quit exaggerating.

Nazgul:
For real. I don't know sha, the only thing I buy from them is their bread.

So how do they make their profit considering the millions they spent on investment?

Abufo:
You need a crash course on grammar........your English is atrocious! Meanwhile, I have never heard of boko or bokku na faso! Market square is far more capitalized than the 12 dollars for a dozen stores ...wey yoruba dey full for una towns and villages!

kay29000:
Their number one top seller is their bread. Maybe that's what's bringing the real money, cos I see people lining up for the bread everytime I go there. The other things are just ajasa...the main thing they sell is bread.

MightySparrow:
Ogunlesi, Awotona live abroad make their fortune abroad. So?
South West started banking industry in. Nigeria: National Bank, Cooperative Bank by farmers. Later South West states: Gateway, Owens, Trans, . Oodua Group of companies with 64 conglomerates. South West has always been ahead, even now.
What is the reason for your chest beating?

Mariangeles:
Especially Bokku. I love them.



They're a store brand that sell items a bit cheaper, and they're scattered all over Lagos mainland. 😀

caracas:
What do they sell that you love them?
Unless you just go there to take pictures , I see no reason why I will leave my house n start looking for bokku store. Everything they sell you can get from the opposite aboki kiosks , so why will I start looking for bokku?. If I need to do real shopping I go to jendol , ShopRite or just rite where I know I can get anything I want
Bokku is nothing but trash...

Nazgul:
The Bokku store in my area sells their bread 1,300, nylon 120.

If you add the cost of flour, sugar, wheat and other ingredients, how much profit do you think they make per bread?

Even if 100 people buys it every day, how much profit do you think they'll be making? And the problem here is that they have their stores clustered around each other, so if you buy from this store today, you might choose to buy from another one tomorrow.

So where's their profit coming from?

PNomsule:
Any such list without H-MEDIX on it, is horseshit. Off the top of my head, in Wuse II alone, I can count 4, Asokoro 1, Guzape 1, Area 11 1, Garki by Rita Lori 1, Gwarimpa 2, Jahi 1, Dawaki 1... then in Kaduna, Kano

kay29000:
It all adds up. I remember going for a seminar like 19 years ago and this man was breaking down how much the people that make tomtom make. It was selling for like 10 naira at the time, and let's say profit on one might be 2 naira. But they sell millions every month. It's all in the numbers. I think that's why Bokku has many stores. Whichever of their stores you buy the bread from, you're still sha buying their major product.

Mariangeles:
What do they not sell?
You, what do you even buy from them? Wait! Let me guess...bread? 🙄
No whyne yourself.

Why should I go to aboki when Bokku is closer?
Aboki items that reek of mosquito coil smoke and incense? 😷 I'll pass. 🚶🏽‍♀️🚶🏽‍♀️🚶🏽‍♀️

Una just wan demarket them for no tangible reason.

Mariangeles:
What do they not sell?
You, what do you even buy from them? Wait! Let me guess...bread? 🙄
No whyne yourself.

Why should I go to aboki when Bokku is closer?
Aboki items that reek of mosquito coil smoke and incense? 😷 I'll pass. 🚶🏽‍♀️🚶🏽‍♀️🚶🏽‍♀️

Una just wan demarket them for no tangible reason.

caracas:
How is bokku closer? Are you saying we now have bokku on every street in Lagos or what? Or is there a street in Lagos without an aboki or at least a small kiosk
Just say you go there to take pictures madam
With their diabetes causing bread..

Acidosis:
😂😂😂

MightySparrow:
I still dey reason am. The chestbeaters always claim brown roof fifu are poor. See this list. Out of ten, five, others share the remaining.

Of the top ten black billionaires in the world. Ogunlesi Adebayo, Mike Adenuga, Awotona, Otedola make the list. Dangote and Rabiu (BUA) of women, Mrs. Alakija and others.

YoshihideSuga:
The woman you quoted is an Igbo woman. How do you reconcile your comment with hers?

Azazyel:
It's quality bread honestly. This is what Nigerians need right now. The first time I tried it and discovered the shelf life of the bread, I stopped buying any other bread. Also bokku mart has the best prices that you can't get in any other supermarket in Lagos when it comes to groceries, beverages, junk food, drinks, household items e.t.c

GloriousGbola:
every mallam sells coke and pepsi at 500
bokku sells coke at 390, pepsi at 370

kings cooking oil 3 litres ws 12k, noww 11k. it is like 15k everywhere else
i bought canoe soap the big one at n600 . in most su0permarkets it is over n700
bag of rice is definitely less

they sell sugar 1100. same sugar is 1250 to 1500 in other stores

rat board is n300 in bokku, n500 everywhere else

a lot of their prices are lower.


shoprite is dead, imho. there is NOTHING worth buying there anymore

the best that can happen is one goes there when they are doing promos

i have no idea who they are chasing with their pricing

kay29000:
It all adds up. I remember going for a seminar like 19 years ago and this man was breaking down how much the people that make tomtom make. It was selling for like 10 naira at the time, and let's say profit on one might be 2 naira. But they sell millions every month. It's all in the numbers. I think that's why Bokku has many stores. Whichever of their stores you buy the bread from, you're still sha buying their major product.

Konquest:
Insightful perspectives.

By default, I gravitate towards only SPAR and Shoprite whenever I'm back to base.

The founder of Bokku must have done his homework right in order to sell at lower retail prices and still have profit margins left based on turnover. Then again, the vast array of prices of commodities and more in Nigeria for years now are based off of artificial inflation caused by greedy goods haulage truck owners, wholesalers and retailers who just want to make fast bucks from the consumers on the street level in the absence of official price control measures.

GloriousGbola:
right now in lagos i would say your best price outside of bokku is spar and market square

there is NOTHING in shoprite if you are a penny pinching thrifty shopper

i always have a mental record of prices

it used to be shoprite was the best price for soft drinks, five alive variants , detergent, indomie, dishwashing soap.

infact what happens with bokku bread [reselling] used to happen with five alive. i guess shoprite had a bulk purchase deal with coca cola so their five alive was between 25% to 50% lower than the price everywhere else. so some people just bought to resell. Nigerians scalping orange juice . eventually they slapped a limit on how many packs a customer could buy

now their prices are significantly higher for everything. i have to wonder just who their target market is, particularly in this economy.

i live in festac and wonder of wonders, spar opened a branch last year over there. so now i have access to their prices without having to go to vi, though their stock does not match 100% . there are some items [eg 9k bag of 5kg golden penny garri] that seem limited to the vi branch

i also think the way bokku was set up is deliberate. today there is almost nowhere to hangout and so people have turned supermarkets like shoprite and market square to semi hangouts. you see people taking selfies in market square.

each store more or less has the same layout and arrangement - meaning they have three cashiers and two security guards per store. i am not sure they have designated cleaners.a market square store is much larger, and they have like 8 cashiers, a supervisor, and a bagger for each supervisor. this is in addition to people who clean, and the operators of their cooked food.

though it seems market squares policy is to employ kids waiting for university for most of their customer facing roles. i doubt any of the cashiers is over 20 years of age.

i cant see anyone doing that in the sterile warehouse like setup of bokku.

as per the bread, i buy it. it is not as good as other breads but the fact of the matter is your taste is driven by your disposable income
in nigeria, more people buy tecno [a clear shit phone] than samsung. in fact imho tecno phones forced samsung to start introducing multiple tiers of phones so they could catch the market who were not going to shell out on a galaxy flagship but still wanted a nice phone.

twitter for the most part is not a real place - but an echo chamber of people privileged enough to buy bread at 2k while grumbling about the price.

Augustenite:
Which Africa countries? Naivas stores in Kenya alone is more than all the stores combined. Go to SA and see stores. Nigeria is backward when it comes to modern trading. Niajas can brag for nothing.

Mariangeles:
Just say you only go there to buy bread.
Stop projecting.

MightySparrow:
You want to grab land and still steal yorùbá children.

caracas:
Are you sure you read n comprehend before replying or quoting someone?