Perfume Making Business Plan In Nigeria 2024 Sample
The business of perfume making has often been restricted to those Hausamen who mix different fragrance for customers, it used to be small time thing and something you’ll probably get along the road side, however, these days when it comes to perfume making you thing think of the big fashion cities of these world, the Milan, Paris, London, New York etc, perfume making is now a big deal, and the market for products is very large and the opportunity for mass production is also encouraged.
Hurry Now! Get the Updated Perfume Making Business Plan In Nigeria feasibility study PDF (Including The Financial Projections), pay N10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Perfume Making Business Plan In Nigeria feasibility study PDF, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
Perfume can be categorized under cosmetics; hence the information you will get here will be similar with what is obtainable with cosmetic business. The sample of our perfume business plan feasibility study is up to date, as it is regularly updated to match the market demand and market prices.
The business plan can as well be used for the purposes of applying for bank loans, grants, used as academic research, also used as business proposal. Since, perfume under cosmetic business is regarded as one of the booming branches of fashion business, we will be taking a critical look at some important things you need to know about perfume production.
One of such is the estimated amount you may want to invest in perfume, and then what you need to build an all inclusive perfume making company. for the sake of emphasis perfume under cosmetics business is regarded as one of the most lucrative businesses in the Nigerian fashion industry, the reason for this can easily be deduced from the fact that perfumes is one thing everybody uses, just like bathing with soap or rubbing cream on the body after bathing, a lot of people cannot do without their perfumes, since all man or woman wants to smell nice, you see the way you smell maybe the reason for the acceptance you enjoy, you may never know but thing that is a fact is that nobody like a foul smell.
When it comes to cosmetic business, perfume which used to be relegated has now gained prominent among other cosmetic products, as much as makeup and other cosmetic products where designed to aid you outward appearance and smell, the importance and cost for perfumes can never be downplayed.
Since looking good means good business, smelling good also translates to good business, it a known fact that cosmetics is growing rapidly and what way can you benefit from this growth if not by participating through investing in the perfume making business. truth is that, there are loads of cosmetic products being made almost every day, perfume and other deodorants being one of them, the reason for this constant innovation can be traced to the importance most people place on how they look and most importantly smell, you don’t want to discomfort others who want to make use of a public place, these cosmetic products can even make people categories you as a sophisticated individual.
How Profitable Is Perfume Making In Nigeria
there are loads of business that you could thrive with, however, a business that was set up to constantly meet the demand of the people will most likely be the business that you should be investing in, cosmetics in Nigeria is a very big deal, the demand is so high that supply most times doesn’t match demand, even with the importation of these products. early investors in this sector made tons of millions, and are still making these millions, this goes to show that consistency makes you unique, Aficology is a big name in the industry, the business according to CNN business grew from a $400 a week business into a millions a month business and the business has now gone beyond the shores of African and has penetrated both Asia and Europe. This clearly signifies that late started can also make gain if they invest properly.
Estimated Start Up Financing
Every business requires some kind of financial input, perfume making business inclusive, here is an estimated cost of setting up a perfume making business in Nigeria;
Start Up Capital for the perfume making business is = N1,610,000
The capital is made up of N660,000 fixed assets and then working capital of N850,000.
The aim is ensure that the business experience exponential growth, the vision is the make the best perfume with the best quality which could be the best in the country.
The proposed turn over the years in view is;
2014 = N2,685,000
2015 = N2,953,500
2016 = N3,248,850
The profit for the years in view will be;
2014 = N831,950
2015 = N1,106,797.5
2016 = N1,404,812.375
Going by the above estimation, the market is huge and viable for investment also. also ensure to subject the project to SWOT analysis, as well as risk analysis and then ensure you have in place methods of mitigating these risk, if there is any.
How To Start Perfume Making Business
Below are the five (5) most important things you need when setting up your perfume making factory;
– Capital
– Location (nature and size)
– Choose a perfume name and register it
– Strategies on advertisement and public awareness
– Get A perfume making business plan in Nigeria.
Hurry Now! Get the Updated Perfume Making Business Plan In Nigeria feasibility study PDF (Including The Financial Projections), pay 10,000 to
GTBank (Guaranty Trust Bank)
Account Name – Okite Joseph ikenna
Account No – 0044083736
Once payment is made for the Perfume Making Business Plan In Nigeria feasibility study PDF, send the following (i) a valid email address and (ii) your payment details to any of these numbers – 07039768549.
Other Business Plans
Waste Recycling Business Plan In Nigeria
Logistics Business Plan In Nigeria
Furniture Business Plan in Nigeria
Haulage Business Plan In Nigeria
Shoe Making Business Plan In Nigeria
Travel Agency Business Plan in Nigeria
Recruitment Agency Business Plan In Nigeria
Detergent Production Business Plan In Nigeria
Cassava farming And Processing Business Plan