Cake Business Plan in Nigeria

Our sample cake business plan in Nigeria and feasibility study is up to date and can be used to access loans, grants and proposal writing in both Nigeria and abroad. Furthermore,this article will be answer the following questions for you:

Also Read: Popcorn Business Plan in Nigeria

Overview of cake making in Nigeria
How to start and be successful in cake business in Nigeria

To get your sample Building Materials Business Plan In Nigeria, pay N30,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, text your full name, email address and title ( cake business plan sample) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Read On!

Do you like cakes? I can guess almost 95% of people reading through this article will answer yes to that question, if not more. All over the world cakes are among the most consumed snacks. On a daily basis new ways of baking and decorating cakes keep cropping up. There are several cake types such as vanilla cake, chocolate cake, strawberry cake, red velvet cake, hazelnut cake, cheese cake, etc. Several people have their preferences and cake makers enjoy huge patronage on a daily basis.

Also Recommended: Bakery Business Plan in Nigeria

The question how to start a cake making business in Nigeria is one on the lips of several young people who already have baking skills. As you know the population of Nigeria is predominantly made up of youth, approximately 60%. The jobs available can only cater for less than half of this population, this means the rest are left to their fate on meeting their daily needs.

For a very long time baking has been associated with the female folk but we have observed in recent times that cake baking has gone beyond a gender related business. It is now a business for the old, young, male, and female. As long as you have interest in the baking and you have some free time on your hands, you can run the business. The amazing part of the business is the fact that it is one of the most lucrative businesses to run in Nigeria today and it requires very little capital.

Nigerians are known to be keen on holding occasions, from weddings to birthdays, from anniversaries to house warming ceremonies, etc. As a matter of fact no week passes without a single ceremony in every part of the country. Due to the love for cakes almost all of these occasions require the services of cake makers. In fact people see your ceremony as incomplete if they do not get to eat some cake. The love for cakes has consumed Nigerians so much that some people pay bakers to make some cake just so they could put in their refrigerators and eat between meals.

Cake making in general is a huge industry on its own and it has several sectors under it. This implies that there are several ways to be involved in the cake baking business, you do not necessarily need to be a baker. In this article we shall focus majorly on how you can be involved with the cake making business and what you need to set in place before start up, among other things. It promises to be interesting and educative so get some popcorn and relax through the read.

Why invest in cake making business in Nigeria?

This is a very important question I feel we should tackle before pressing further in this article. Before any individual puts his or her money into a business, such an individual wants to ascertain if the business is profitable or not. He or she wants to know how much patronage can be gotten from the business on the average and the potential of the business for expansion and income generation. Well there are several reasons why an individual should invest money in cake making. On the periphery it might not seem a wise investment but when you visit cake makers and ask about the business, you discover the huge profitability index. Let us take a look at a few reasons why you should invest in the cake making business in Nigeria:

There is a very high demand for cakes. As stated earlier, people eat cakes at any time of the day. Asides diabetic patients, almost every Nigerian loves cakes and would eat cakes at every opportunity given. There are several cake types and flavors and people have their preferences. This high demand for cakes means anywhere you set up the business you are likely to make good profit if you handle things rightly.
Cakes are used for a variety of occasions. Cakes are used at almost every occasion in Nigeria. Recently I saw the pictures of a burial ceremony and what amazed me was the beautiful cake that was consumed during the ceremony. I never knew cakes could be used at such ceremonies. This shows that no even is really complete without a cake. The events where cakes are mostly used include weddings, anniversaries, birthdays, burial ceremonies, house warming, valentine’s celebration, etc. People also use cakes as gifts to their loved ones. Amazing right?
Cake business is not seasonal. Cakes are consumed all year round, there are no special seasons for cake consumption. Definitely there are periods where there is peak sales, like festive seasons. However cakes can be eaten every day, at any time of the year.
Affordability. People have a notion that to get a cake you probably need to break the bank. Well that is not really true, depending on what you want the cake for. Cakes are quite affordable as long as the buyer can make a good bargain.
Return on investment. More than anything a business person looks at how much he or she will get in return for each investment made. Cake making business is one of the businesses with the best return on investment. The disparity between the capital investment and the profit made from the business is so huge most times. The baker keeps smiling to the bank.

How to start a Cake business in Nigeria

Now that you know that the cake making business is lucrative and highly profitable, you can begin to consider starting your cake making business. I believe that having read this far you are already seeing your cake business with your mind’s eye. However it is important that you do your homework before setting out to avoid unnecessary pitfalls along the way. Here are a few tips you can follow in starting your cake making business:

Get training. Cake making just every other business requires the entrepreneur to go through a training process before starting the business. There is a lot to learn in cake baking. Understanding the different kinds of cakes, the different recipes, the ingredients, the different kinds of baking pans, etc. You also need to figure the different kinds of baking techniques and cake decoration procedures. All of these will be required if you are going to deliver top notch cakes to your clients and become a household name at the end of the day. Though a lot of people recommend YouTube videos and other online training techniques, I will advise that you go for a hands on training course. Then you can learn from the experience of a professional while practicing at the same time.
Carry out a detailed feasibility study. Asides being trained you must go around to study your immediate environment. Take time to carry out surveys on the kinds of cakes your clients are likely to prefer, the kinds of occasions that are predominant in the area and how best to market to your target market. This feasibility study will help you properly channel your efforts in the cake making business as well as choose the specific market you want to satisfy. With a proper feasibility study the propensity for success is limitless.
Write a workable business plan. This is one of the most overlooked steps by business owners in Nigeria. Little do they know that business plans are the map that provide direction to their businesses. It may seem a little weird to say you should write a business plan for your cake making business but when you do you will see that it is worth the effort. Business plans carry the picture of the business in the nearest future and they ensure that the business owner follows a specific path in achieving the objectives of the business. A business plan will also help attract investors and allow the business to run itself even in your absence. Most people hire the services of a professional in writing a business plan to avoid mistakes and to save time as well.
Get a good location. The location of a business determines to a large extent how well the business with thrive. For a cake business you obviously need a place that is open to high human traffic. You cannot afford to be in a hidden place. When your cake shop is located in an open environment the aroma from the cakes will attract people, the view of the cakes will also be a source of advertisement. In setting up your cake shop ensure that the place is spacious and very attractive. It should also be customer friendly, meaning customers should be comfortable in the environment, they should be able to easily view the cakes too. Well getting a place depends on how much capital you have. If you do not have so much capital at hand you might opt for starting your business from home. This means you will need to do a lot of marketing both on and off line.
Cost of starting a cake business in Nigeria. There are several equipment you need to start your cake business. Some of these equipment include ovens, mixers, mixing bowls, spatula, rolling pin, piping bags, piping tips, baking pans, etc. You will also need to get cake raw materials or ingredients. As you know the ingredients depend on the cake you plan on making. However the most common ingredients include butter, flour, eggs, baking soda, baking powder, coloring, cake flavor, sugar, syrup, groundnut oil, etc. At least with all of these you can start your cake making business easily.
Get suppliers. Since you will need to always get supplies of cake ingredients it is wise to get suppliers that can always help in providing such ingredients. It is safer to have at least two suppliers at every point in time. These suppliers must be trustworthy and reliable. You do not want to be disappointed when you have to deliver a cake and you are not able to get ingredients. You should also ensure that the suppliers offer you very good prices else it might affect the profitability of your business. The best way to get suppliers as a startup cake maker is to find out from people who are already in the business. This way you would not have to learn from experience.
Hire workers. This part does not have to be immediately you start the business but as the business begins to expand you will definitely need to hire workers. It is usually better to get people you can train yourself so you are not spending too much on paying an established baker. This can also be a means of raising extra income for the business. Training bakers that want to startup their own businesses, while they are with you they can assist in handling jobs.
Marketing your business. If you want your cake making business to grow beyond startup you must market your business to the world. I am sure you heard the phrase “go tell it on the mountains.” That is exactly what you should do with your business. Maybe not literally though, but you will need to employ as many means of business propagation as possible to publicize the business. I do not need to tell you that there are so many bakers in the industry today. Getting jobs depend on who can blow the trumpet the loudest. The best way to publicize your business presently is the use of social media. If you feel you do not have time or are yet to understand how to use social media effectively, simply hire the services of a social media manager.

In conclusion make sure you get a very catchy name for your cake business. Make sure your choice of name is related to cakes and just catchy or big grammar. Once you can follow these steps I can assure you that you will have a very huge cake making business at the end of the day.

Get your sample cake business plan in Nigeria today. To order the business plan, pay N30, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. cake business plan sample) to 07033378184. Your business plan will be sent to your email within 15 minutes.