By Olumakinde Oni
The importance of food to the existence of human race cannot be overemphasised. Food must be available in the right quantity, quality and at the right time, for human beings to have meaningful existence.
It is against this background that all efforts must be made to promote food and allied productions. Bread is a major bakery product and about the most demanded all over the world.
The implication of this is that demand for bread is robust. Its consumption cuts across all ages, gender and races. It is taken virtually every minute, hour and in every country. It can be taken as breakfast, lunch or for dinner.
It is a ready-made food that does not demand further preparation except for those who want to toast it. Raw materials for bread production are readily available – wheat flour, which is heavily imported into the country.
Bakery can be managed by middle or low level manpower. The ease of set up needs not be over flogged. Bakery belongs to the small scale group; its establishment will create more jobs and employment opportunities in the society.
Other benefits include: reduction of food crisis, stemming of hunger and reduction is social vices. Establishing a bakery is profitable; judging by our investigations, percentage returns on sales is about 40 percent, while percentage returns on investment is above 200 percent.
In view of the above, bakery establishment is recommended for the serious-minded and forward-looking investors.
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Technical information
Major raw material for bread production is wheat flour. Other ingredients are sweeteners, yeast, butter flavour, printed Nylon and the raising material. But food regulatory authorities frown at the use of potassium bromade (a raising element) that has great side effect on human beings.
Equipment needed for bakery establishment include: milling machine, blending, moulds and roller, while the production process involves milling, dough mixing, rolling; cutting, dough filling and baking.
Slicing can also be done if the desire is to produce sliced bread. To be successful in bakery project, there must be good product, good packing and credit sales must be avoided.
Note: The scope can be lower or higher depending on the financial strength of the investor. The first step in project implication is preparation of feasibility study/business plan showing the technical, financial and market details of the project.
This can be provided for serious-minded investors.
Annual turnover N26 million
Annual Net Profit N10.5 m % return on sales: 40.4 percent
% return on Investment : Above 200 percent
This is no doubt a good project. Serious-minded investors can be assisted in realising this project.
Olumakinde Oni is the Managing Director/Chief Consultant, Nucleus Ventures (Nigeria) Limited. he can be reached via 08033660177 or via email: olumakindeoni@yahoo.com
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