₦airaland Forum

Please I was sent this email by a friend who wants us to start rice and garri packaging business together. I just want to know the current price for bag of rice & garri and were I can get it cheap. I am based in Lagos.

Buy 10 bags of Quality rice at 5000 naira per bag.
Share them into 2.5kg packs= 20 packs per bag.
Sell 2.5 kg packs in beautifully branded sachets to supermarkets,convenient stores,markets etc at 350-400 per pack wholesale.
Project Cost & Profitability.
10 bags of 50kg rice =200 packs of 2.5kg
10 bags 0f 50kg rice= 50,000 naira
Cellophane+Label packs=3 Naira/pack x 200= 600 naira
Distribution= 5000 naira
Marketing= 3000 naira
Miscelleanous=1400
Total Investmemt= 50,000+600+5000+3000+1400= 60,000
Return on Investment
200 packs at 400 naira each = 80,000 naira
You make a profit of 20,000 naira on your 60,000 investment.
It shouldn't take you 1 day to sell off 200 packs if you are a good marketer.On the other hand you can leave the marketing to an experienced distributor.
At 2000 packs a month or 80 packs a day you should be making a cool 200,000 naira per month on a 60,000 naira investment.
For a good sample of a nice pack, i can send u a mail.
There's a million other things you can start with a 100,000

Am interested! Where can I buy it?

MegaTouchNaija:
Please I was sent this email by a friend who wants us to start rice and garri packaging business together. I just want to know the current price for bag of rice & garri and were I can get it cheap. I am based in Lagos.

Buy 10 bags of Quality rice at 5000 naira per bag.
Share them into 2.5kg packs= 20 packs per bag.
Sell 2.5 kg packs in beautifully branded sachets to supermarkets,convenient stores,markets etc at 350-400 per pack wholesale.
Project Cost & Profitability.
10 bags of 50kg rice =200 packs of 2.5kg
10 bags 0f 50kg rice= 50,000 naira
Cellophane+Label packs=3 Naira/pack x 200= 600 naira
Distribution= 5000 naira
Marketing= 3000 naira
Miscelleanous=1400
Total Investmemt= 50,000+600+5000+3000+1400= 60,000
Return on Investment
200 packs at 400 naira each = 80,000 naira
You make a profit of 20,000 naira on your 60,000 investment.
It shouldn't take you 1 day to sell off 200 packs if you are a good marketer.On the other hand you can leave the marketing to an experienced distributor.
At 2000 packs a month or 80 packs a day you should be making a cool 200,000 naira per month on a 60,000 naira investment.
For a good sample of a nice pack, i can send u a mail.
There's a million other things you can start with a 100,000

I know this is an old post.....but still revelant. Please any idea where one can get cellophane and label packs from at reasonable prices??

Alegna1:
I know this is an old post.....but still revelant. Please any idea where one can get cellophane and label packs from at reasonable prices??

Please any idea where to get cheap bags of rice?

cheap for how much . I can source for u from the producers in the north