₦airaland Forum

Good day,

With these mass sack looming I am compelled to start thinking of viable businesses.

I came up with the cold room business.

A business that stores fish and frozen foods and supplies retailers.

Please if you have tried these kind of business what are the things to look out for ?

Thanks.

With dollar at 360, PMS at 145 And reduced spending by Nigerians, it won't hurt to due a diligent market survey and feasibility study, don't rely on anyone's hearsay.

EZEIGBO1OFIMO:
With dollar at 360, PMS at 145 And reduced spending by Nigerians, it won't hurt to due a diligent market survey and feasibility study, don't rely on anyone's hearsay.

Thanks for your time but frozen foods are the staple food for the masses.

The demand escially for frozen fish far out weigh the supply...

And i intend to use diesel powered gen.

The first reply was right.
More and more sacked staff means less and less money-
Especially for high cost items.
Your start up costs might work against you.
Remember, these items are mainly imported. Also, fuel costs will soon increase.
Many people have already cut down their meat consumption.
So do your due diligence. Write up a business plan. Go to your chamber of commerce for advice before you commit your capital.

Guitarlife:
Thanks for your time but frozen foods are the staple food for the masses.

The demand escially for frozen fish far out weigh the supply...

And i intend to use diesel powered gen.

Guitarlife:
Good day,

With these mass sack looming I am compelled to start thinking of viable businesses.

I came up with the cold room business.

A business that stores fish and frozen foods and supplies retailers.

Please if you have tried these kind of business what are the things to look out for ?

Thanks.

It depends on your source of electric power.

With the current tariff and cost of fuel, it will be difficult to make profit. If you decide to power your cold room with solar, it will be very expensive but favourable in the long run.

Cold room business can very rewarding when you as an entreprenuer do your home work preperly..