How to do Cold room Business in Nigeria and Make Millions of Naira in Profit

Cold room business in Nigeria , also referred to as frozen foods business, is one of the most profitable businesses to venture into at any time, or season . While most people don’t know that this money-spinning business is lucrative, a lot of Nigerians have become multi-millionaires as a result of investing in cold room business.

It is almost impossible for people to eat a meal without accompanying it with a fish, meat, or chicken, hence the need for more cold rooms in Nigeria. This business is not as competitive as most of the businesses out there. From fish to meat, turkey and chicken, there will always be a need for frozen foods consumption every day.

If you are looking for the right business to invest in, cold room business is the right business for you. Cold room business in Nigeria is one of the most profitable businesses you can consider. While most people don’t know that this money-spinning business is lucrative, a lot of Nigerians have become multi-millionaires as a result of investing in cold room business.

How to choose the niche that is profitable in Cold room business in Nigeria?

There is a range of products you can choose from when it comes to cold room business. There are different products, including food products such as fruits, poultry, fish, meat, vegetables, etc. you can choose one or more products for a start. Here is the breakdown:

1. Fish, Meat and Poultry

If you prefer fish and poultry, you might want to go into fish farming and poultry, but it is always better and stress-free when you choose to buy frozen fish, chicken and turkey from importers, farms or producers. When you source from them, you can stock the products in your cold room and resell to retailers and wholesalers.

2. Helping other people to preserve their products

Some cold room owners don’t even sell anything; they just focus on helping other people to preserve their products and get paid for their service. You can also choose this niche.

How to Start a Cold Room Business in Lagos, or anywhere else in Nigeria?

Before choosing your cold room business niche, the most important thing is to make a cold room business plan on how to start the business and make a profit. If you really want to make it big in this business, you would have to do the following.

1. Make a proper market survey

This stage is necessary because it will help you to decide the right niche for you. You might want to research existing cold room businesses in your area or the area where you want to establish your business. You may talk to cold room owners and retailers who buy and sell fish, meat, turkey and chicken in the area.

Another thing to consider is if there is a high demand for this service in the area and if the power supply is okay in the area. It also makes sense to find out whether the competition is already high in the area or not.

2. Choose your niche

After carrying out a thorough market survey, you have to choose the niche you are sure is not too competitive. Your market survey will help you decide whether to choose, poultry and fish, or assisting other people in preserving their product.

3. Choose a site for your business

Cold room business in Nigeria, especially in Lagos, requires a location with access to an excellent road network. The site should also be close to the industrial area or market. This will make it easier for customers to locate you and transport products easily.

Depending on your niche, ¼ to 1 plot of land should be enough for your business. For more profit, it is not advisable to set it up in a residential area because you need a high power supply and you don’t want to pollute the residential area with the generator’s noise.

4. Procure the required equipment

A cold room is the most crucial equipment you need to start this cold storage business. Here are some of the equipment you need:

• Cold room
• Measuring scales
• Cutlass
• Buckets
• Refrigerator
• Knifes
• Tables
• Cartons
• Polythene bags
• Bowls
• Drum of water
• Cutting planks
• Packaging supplies
• Safety equipment
• Cooling van, and much more

5. Purchase an alternative power supply

In case you don’t have a reliable power supply in your business area, you need to have a stand-by alternative source of power ( generator). Be sure to buy a sound-proof generating set to prevent noise pollution.

6. Register your business

It is vital to choose a name for your business and register it with the Corporate Affairs Commission of Nigeria. If you are starting this business on a small scale, you might not need any license to start, but if you are beginning on a large scale with a standard cold room, you might need to incorporate your business and register with the relevant State or local government authorities.

7. Find interested distributors and retailers

Retailers and distributors are essential to the success of your cold room business, so you need to contact them. You can contact canteens, market women, schools, fast food, hotels, shopping malls, shops, supermarkets, restaurants and so on to make product distribution faster.

8. Do effective marketing

Once your business is up and running, you need to do effective marketing to broaden your chain of customers. You can explore reliable means of advertisement based on your budget. It is also important to use social media. If you are buoyant enough, you can also use handbills, flyers, television, radio and word of mouth.

How much is a Cold room in Nigeria?

A standard cold room can cost between 4 and 10 Million Naira. If your capital is low, you might want to consider buying a small cold room, or a number of industrial freezers to start with.

How lucrative is the frozen food business in Nigeria?

The frozen food business is lucrative in Nigeria. Whether you are buying and selling fish, meat, turkey and chicken or just helping other people to preserve their products with your cold room, you are going to make a massive millions of Naira in profit, depending on your scale of investment. Fortunately, not many people are into this lucrative business.

Which is the best cold room construction company in Nigeria?

There are many cold room fabrication companies in Nigeria, but you want to be sure you are buying one from a reliable indigenous manufacturer that has the technical expertise, not only to fabricate machine and sell, but also offer warranty and after-sales support – from installation to maintenance.

For instance, our company is a cold room construction company in Nigeria for over 25 years, supplying and servicing numerous cold room investors from across Nigeria; not just entrepreneurs into cold room business in Nigeria, nut also those are thinking of starting cold room business.

We offer free advisory – from the sourcing of products to linkages to poultry farms, as well as marketing tips to guarantee success in the business, DeKoolar is always available to help you.

About De Koolar Expertise on Cold room Business in Nigeria

De Koolar Nigeria is a leading cold room construction company in Nigeria, which has been around for over 25 years. With us by your side, you can get whatever you need to start a successful cold room business in Lagos, or anywhere else in Nigeria.

If you really want to venture into a cool multi-millionaire Naira profit-spinning cold room business in Nigeria within a reasonably short time, cold room business is for you. Contact De Koolar Nigeria now, to discuss your cold room investment project.