A bakery business produces and sells bread, cakes, and other products, and professional chefs or bakers do most of the tasks. So, if you want to start a bakery business in Nigeria, gaining knowledge is the right first step. That is why we have taken our time to research and put together this article to help you start a bakery and stay successful.
Most bakeries usually start with a unique recipe because the market is saturated, and what will make your business stand out is creating an exceptional taste that people can only get from your bakery.
So first, decide on the type of bakery you want to set up and come up with your unique recipe. However, you must learn so many things about the bakery business before investing in it, so keep reading to find out more.
Types of Bakery Products
Although bread is the most popular bakery product in Nigeria, they still produce other products in bakeries. This is because they also yield good income, so when starting your bakery business, you need to decide whether to focus on producing bread or diversify the business and bake as many things as possible.
So here are some of the bakery products you should consider for your bakery business.
- Pastries. Etc.
Steps to Start a Bakery Business
Decide on Your Target Market
The bakery business is vast, and it covers a wide range of products, so you must first determine the products you want to sell and then decide on your target market. To do this, do some research on the most profitable bakery products to sell in your area and the unique offers you can provide that will make you stand out from your competitors.
Write a Business Plan
When you have decided on your target market, you can now develop a good business plan to guide you as you set up your business. Some professionals can easily do it for you, but with research and adequate knowledge, you can also do it yourself.
Your business plan should contain everything you want to incorporate into your business and how you plan to execute them.
Register Your Business
The Corporate Affairs Commission (CAC) is responsible for business registrations in Nigeria; all you have to do is decide on a business name and structure and then confirm the requirements for registering a bakery business in Nigeria. You can visit the CAC website to confirm the details of registration.
Another business registration you need to do is the Federal Inland Revenue Services (FIRS) registration; this body is in charge of tax payments in the country, and as a business entity, you are expected to pay taxes.
Find a Place for Your Bakery
Once the CAC approves your business, you can go ahead and establish it. Start by finding free land to build your bakery or rent a building suitable for a bakery. Ensure the area is well-ventilated and has enough room for all the activities involved in running a bakery.
Create a Brand
Your brand is the unique identity created for your business to give people a specific impression and understanding of what your business offers, so you need to make it captivating and expressive; your brand includes a logo, website, packaging, theme, mission statement, etc.
Buy the Necessary Equipment
Depending on the size of your bakery, it requires various levels of machinery and equipment. Also, note that so many things you need machines for can be done by your staff, so carefully consider whether you would rather work with people than with machines. Some of the items required in a bakery are listed below:
- Food processor.
- Mixing bowls, spatulas, and spoons.
- Baking pan.
- Bakers rack or shelf rack.
- Decorating equipment.
- Proof boxes.
- Plastic storage bins.
- Work tables.
- Display case.
You can set up a bakery yourself but not run it alone; even if you are a professional baker with unique recipes and skills, you will still need more hands to run a bakery successfully. So some of the staff you will need for a bakery in Nigeria are;
- Production workers
- Kitchen helps.
- Counter staff.
Invest in Marketing
Bakery products like bread are one of the most popular foods in the country. Still, the market is already saturated, so you must put your business out there and ensure you attract enough customers to become successful and make profits.
Try to develop an effective marketing strategy, be it an online or offline strategy, and implement it in your bakery business. Also, for the first few months of running this business, it is essential to note your progress and what has worked best for you. This way, you will know if you should continue with your strategies or develop new ones.
The bakery business is one of the most profitable businesses in Nigeria, and the reason some people fail at it is that they either can not manage it well or hire underqualified staff. Therefore, as you have decided to start your own bakery business, do it according to your budget and hire the best staff to move your business forward.
In addition, it is not a must that you manage your bakery yourself; you can hire a qualified manager for the job to help the business grow the way it should.
So here you have it; a simple guide to starting a bakery business in Nigeria; if you find this guide helpful, leave a comment below.