23111

Street food

Nigeria
Market: Public catering, Food industry
Stage of the project: Idea or something is already done

Date of last change: 06.11.2017
Min amount of loan
$ 500
Estimated yield
10 % a year
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Total required
$ 3.000
Rating
equalizer 37 from 1000
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Idea

Fast food restaurant selling local foods usually bought by the street side. I aim to provide a more conducive setting for making and selling of such foods within the communities where such foods are patronised.

Current Status

Planning phase

Market

The market is the food industry

Problem or Opportunity

Providing a conducive environment for selling the local foods that would otherwise be sold on the street (beside gutters) provides a readily available market.

Competitors

Local street vendors

Advantages or differentiators

Cleaner environment provides better patronage

Loan terms

12 months

Interest rate, %

10

Solution (product or service)

The type of foods we aim to produce are locally made and attract a high customer base. The foods are usually sold on the street usually in an unsanitary setting, we aim to take these same foods and sell them in a sanitary and more conducive setting

Risks

Low risk of scarcity of materials (beans, soya beans etc)
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