Pls can I start cement bussines with just 300k and what are the things I need to put into considerations?

truvine:

Thanks bro

funmmy08:
Pls can I start cement bussines with just 300k and what are the things I need to put into considerations?

Yes
It depends on what you have on ground before.

If you already have a space to do the selling.
Should you be living around the place and security is guaranteed , you can just arrange planks outside and get it covered with thick tampolins and tie it with rope at night (I only suggested the above to manage your funds with you, a shop will be OK.

That sorted

In my area, the minimum a truck can bring to you is 100 bags
The loaders and offloaders now collect #15 per bag ( if the place to offload it isn't far from where that truck is parked)
Meaning you do be paying them #1500 for 100 bags

Again, in my area, the Dealer collects #2480 from me for Lafarge Elephant, so MOQ of 100 = 248,000

This price just surge in February due to the new VAT policy that added about #62 to cement Price

And I sell at #2600

I hope this little helps

With 1 million naira , how many bags can I buy.i have extra money to secure a shop and what is my profit.
Is cement business better than provision store. I need replies please. Or chat me up on WhatsApp with 09061119827

Cassyboy2:
With 1 million naira , how many bags can I buy.i have extra money to secure a shop and what is my profit.
Is cement business better than provision store. I need replies please. Or chat me up on WhatsApp with 09061119827

You can read my last comment to calculate how many bags your 1 million can buy .

On profit, its a business of Rate Of Turnover.
Someone who's capital only accomodate 100 bags but with high RoT will be doing well in profits that another who's capital can order for 400 bags but with low RoT.

Now the cause of RoT is location and number of competitor avaialble

Proximity to building sites go along way to determine the turnover rate

On comparism between cement and provisions store , it depends on where and which scale. Provision stores has diversity. You are the only one that can make that comparison after looking through your environment to see which of the two is best fit.

Titto93:

once you cross the threshold, the commission ranges from 100k to 150k

Well done Mr Tito for your updates on this cement issue
Please what is the current price buying directly from the factory (Obajana precisely)
Secondly, does it pay buying from distributors or should I go to the factory as I have a big project whereby I need 2 trailer loads of cement

Thanks in anticipation

aycorporat:

Well done Mr Tito for your updates on this cement issue
Please what is the current price buying directly from the factory (Obajana precisely)
Secondly, does it pay buying from distributors or should I go to the factory as I have a big project whereby I need 2 trailer loads of cement

Thanks in anticipation

Buy from Distributors

Titto93:

Buy from Distributors

Thanks. But at what price?

aycorporat:

Thanks. But at what price?

#2,160,000 for 900bags

Titto93:
#2,160,000 for 900bags

pls where do you know a good distributor here in Lagos?

Titto93:

Buy from Distributors

Thanks for this update.
I am so much interested in this business.
Please, what is the lowest amount one can start with?
And how do I buy?

seasy:


Thanks for this update.
I am so much interested in this business.
Please, what is the lowest amount one can start with?
And how do I buy?

Budget 3m...

Ask other cemet retailers around you of the nearest distributor...

Slimbumzky:


Ok.This is how it works.Assuming Dangote sells a bag of cement to his distributors at the cost of 2300 a bag,he then gives them a target of 45000(500 trucks) bags every month to qualify for a rebate.He could say the rebate is 100naira per bag.In order to meet target and earn the rebate,a distributor can sell a bag for 2270 to fasten sales and meet up with the target,knowing fully well that the rebate(commision)will still be enough to cushion that initial loss of 30naira and still put him or her on good profitability.
Mathematically,u buy 2300
You sell 2270.
You intially run a loss of 30.
Then you meet sales target and earn additional 100naira
When u subtract ur initial loss of 30 from the earned rebate of 100 naira,u have made a profit of 70naira.
Most times,due to this particular reason,Dangote distributors sell at a slightly cheaper rate than the company price.

Nice analysis. However, 45,000 bags is 50 trucks

patola080:
Thanks 4dis because i was thinking of doing dis biz

It's a business that cost a lot of money

Please I leave in Abeokuta how much can I get lafarge cement from distributor let say like 100 bags now.

thanks for the information. pls what business can we go into with our little money pls?

RoyalP101:
Please I leave in Abeokuta how much can I get lafarge cement from distributor let say like 100 bags now.

You should between 2400-2430
Depending on your location distance

Titto93:


Budget 3m...

Ask other cemet retailers around you of the nearest distributor...

Hi, are you still in the cement business? Am interested and looking for a distributor are Delta area, please advice. Thanks

Please does anyone know a cement distributor who can supply me cements regularly like 100 bags weekly . I’m planing on starting a cement retail shop in the Abeokuta area.

Yes I have a brother working in ibeshe factory you can reach him on 07066169933

Deesplash:
Please does anyone know a cement distributor who can supply me cements regularly like 100 bags weekly . I’m planing on starting a cement retail shop in the Abeokuta area.