Starting a Popcorn business is one of the 100 most lucrative businesses you can start with very little amount of money and grow it into a big-time six-figure business. Though only a few knows about the profitability of this business and are happy to keep it clandestine from you and I.
To the Nitti Gritty, I’m going to break it down here, show you how you can get started in simple easy steps, and get your questions answered through the comment.
One thing that makes popcorn business attractive is because the materials involved in the production are not expensive; which makes it readily affordable. The product sells fast too because people just enjoy eating popcorn for many reasons.
Popcorn is one my favourite snack likewise it is to many people. We likes it due to The crispy effect in the mouth, the nutritional value, and children likes it a lot so parents buy it for their children.
Again, the profit potential is quite good and if you can take it to the next level, you will be assured of making even much more sales and profit.
If you produce 10,000 monthly and sell to the retailers at the price of (maybe) N70, the retailers will sell for N100 and make profit of N30 each.
The cost of producing a pack is not more that N40 therefore you will be making profit of N30 each as well. With this projection, 10,000 packs will give you 10,000 x N30 = N300,000 of pure profit in a month!
I carried out my extensive research on this and discovered that most people who are into this business are doing it the wrong or old way. In this article, I will try to explain what you need to do to get yours right and make all the money for yourselves.
If you can apply my strategy, I guarantee you will make more sells that anyone in the business. If you’re ready, here are the requirements you need to put in place to be in Popcorn business.
What You Need And How To Start Your Popcorn Business In Nigeria
Popcorn Machine – Known as popcorn maker. You will need bigger popcorn machine since you will be producing in larger quantity. Look for nice one in the market and buy two or more depending on how many hands you need in the popcorn business. I will encourage you to employ hands in this business for effective production and distribution.
Get the type of popcorn frying machine that is normally used by the eateries. Go for the type that produce salt and sugar popcorn at the same time; ET-POP6A-D or Funpop 8 oz, it is sold from N62,000. It’s bigger and process faster that the regular one.
If your area doesn’t have electricity, buy the type of popcorn maker that uses gas cylinder and electricity so that you can switch to both power sources. Prices for popcorn maker starts from N20,000. Go to the seller and negotiate the price.
Sealing Machine – Manual sealing machine cost between N10,000 to N15,000 in the market, though with the current exchange rate, you are advised to hold extra amount. Buy according to the number of workers you have — more hands, more machines, and more productions.
The manual sealing machine is powered by electricity while you control the sealing manually. You just position the popcorn filled nylon on the machine and pressed the ‘handle like’ controller on the nylon edge and it will be sealed by the hot rim. You will get better information on how to operate it from the accompanying literature!
Bags of Corn – Your major raw material in this business is corn. Buy enough bags of corn depending on the quantity you want to produce. You can get as many bags of corn as you want in Mile-12 market in Lagos.
For corn to pop, There should be certain amount of moisture within the corn, so that when heated makes it pop from the inside out, when a corn don’t get popped from inside out, it’s called a dud, which means there was not enough moisture in that corn. Look for sweet corn that is well moisture.
Branded Paper Bag – To stay ahead of competitors in this business, your strongest selling point should be your brand. Make sure your paper bag is uniquely branded. It’s not enough to just write your business name and phone number on the nylon, create attractive brand for your popcorn business.
Take a clue from the eateries and see how their packages are professionally branded with good and quality designed pictures and graphics, complete with professional logo. That’s what sells in business — all popcorns are the same but your brand could make yours different in the eyes of consumers.
It doesn’t cost much to get a professional branding for your business; employ professional graphic designers to take care of this and you are good to go.
Sugar, Salt, Butter – You need sugar and salt and butter to make your popcorn taste great. These one are difficult to get, go to any shop near you and buy as much as you need.
Note: You need to get additional training on how to mix the sugar, butter, and salt and the desired quantity. You will also need to learn how to pop the corn.
Identify Good Locations: A good location is one of the most important aspect of the business, this can mar or break the business, so selecting a good business location should be at the forefront of your mind when going into this business. It is advisable to select T-junctions, schools and populated bus stops.
I wish you the best of luck in your endeavors.