5 Important Things To Take Into Cognizance Before Starting A Supermarket In Nigeria
When anybody mention the word business, the very first thing that comes to almost every woman’s heart is the establishment or startup capital of a setting up the business or supermarket.
In Nigeria, starting a supermarket is not an easy task, however we would be looking at how to start a supermarket in our dear country with little stress and an encouraging income if all that will be discussed in this article could be followed through.
A clear view of what a supermarket is should be known before diving into anything else. A supermarket is simply a large self-service retail shop where food items, provisions, and other household goods are sold. Typical examples of things found and sold in the supermarket are; snacks fruits, fresh and packaged fruits, assorted wines, meat, milk and other household items like detergents, soap, kitchen utensils, cooking utensils etc. a supermarket should be located in a place that is easily accessible to people i.e. a motorable place in an urban area. The whole idea behind a supermarket is a place where personal and household items can be purchased conveniently and in retail quantities at an affordable price. If you want to be successful and be profitable in this business, you have to take cognizance of the following steps:
Step 1 of 5:
Supermarket Location: The key factor that should be considered in setting up a supermarket is the location, as this is very germane to the success of the business as a whole. In reality, apart from finance, it is the most important factor that would determine the success or failure of the business. A supermarket should be located in a place that is exposed and easily accessible to the reach of potential customers. The best place to locate your supermarket is a place that is along a busy road or junction, where it would be exposed to a high stream of customers.
Step 2 of 5:
Goods To Concentrate On: It is very important for you to tailor your stock to the appeal of the people of the locality where your supermarket is located. Though most people do tend to stock a wide range and varieties of items but generally in all localities, the fast moving items are consumer goods because it is always quite affordable and a necessity for most household.Therefore, for everyone intending to invest in the business of a supermarket, it is advisable to carry out a study of the commodities that are mostly consumed in the area so the intended market can be accurately targeted.
Step 3 of 5:
Shop Layout And Size: The layout of the supermarket is determined by the size of the shop. It would not make any sense to get a shop bigger than your need as this would cost you more and would make your shop look scanty which won’t be appealing to customers. Therefore, it is important to have a very clear picture of what you intend to display and the scale of the supermarket. In addition, all items that would be displayed should be done in such a way that would be easy for customers to locate their desired items.
Step 4 of 5:
Sourcing Of Stock: You should have a clear and stable plan of how you will always purchase your stock at affordable prices. It is advisable to always buy your stock in bulk in other to secure good profit margin.
Step 5 of 5:
Table Power Supply: Power is another important factor that needs to be considered in establishing a supermarket as most food items need to be refrigerated such as drinks, meats, and fruits. Moreover, a good atmospheric condition should be made available for customers.