Photo - Rice Depot
22216

Rice Depot

Nigeria
Market: Trade
Stage of the project: Operating business

Date of last change: 04.12.2017
Sale price
$  1.000
7
share to sell
50%
Rating
equalizer 546 from 1000
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Also this project:
- is looking for investment

Does the enterprise work?

Yes

Idea

JILF Rice Depot is an amazing startup business in Akure, Nigeria that sees to the distribution of rice in the State. We sell rice from different producers to give consumers a sense of choice and a good customer service.

Current Status

The business is growing and making sales around Nigeria ands has gained customers trust for its amazing customer service and trust.

Annual sales, $

7000

Annual net income, $

5000

Type of property

Real estate

Property and assets

A 50% equity will be sold to the intrested investor.

Organizational form

CAC (Corporate Affairs Commission)

Problem or Opportunity

In Nigeria, their is a certain part where rice is very scarce and at high demand but no one has noticed that part. So with the investment, we will be able to take hold of that opportunity to increase our sales and recognition.

Solution (product or service)

We sell different type of rice and promote to alot of people, and with your help we will be able to cover more grounds and make more profit at the same time satisfy the need of the consumers.

Competitors

There are competitors but in the case of the opportunity, there are no competitors because no one has noticed the demand from this area.

Advantages or differentiators

Our well trusted customers support and advertising strategies gives us an edge over competitors. Due to the newly discovered opportunity, our business can go into limelight and over ride all competitors in this business. Thank You.

Finance

In Nigeria, a bag of rice from the Manufacturers cost 10000 naira and we sell to consumers or other retailers at 16000-18000 naira. If we can get your investment, we will sell 10000 units per day at an average of 17000 naira which is 170 million Naira that is an equivalent of $500000.

Business model

A dynamic and highly industrial Rice Depot.

Market

We have customers all over Nigeria and make sales of up to 500 units per day which will increase rapidly if we can grab the opportunity expressed above. The rice market is at very high demand in Nigeria and we hope to sell up to 10000 units of Rice per day with this investment. Making it 300000 units per month.

Risks

As at now, there are no risks but we must grab this opportunity fast enough before anyone does.
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Does the enterprise work?
Idea
Current Status
Annual sales, $
Annual net income, $
Type of property
Property and assets
Organizational form
Number of employees
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Business model
Reason for sale
Market
Team or Management
Risks
Invention/Patent
Photos
Product Video
Website address