Tailoring Business Plan in Nigeria & Feasibility Study

Tailoring Business Plan in Nigeria & Feasibility Study

Our Sample tailoring business plan in Nigeria and feasibility study is up to date and can be used for proposal writing, access grants and loans in Nigeria and abroad.

Also Read: How to Start a Fabric Business in Nigeria + SAMPLE BUSINESS PLAN

To get your tailoring business plan in Nigeria, pay N10,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

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

Tailoring also known as fashion designing business is arguably one of the most worthwhile businesses in Nigeria. The Nigerian tailoring industry has grown to be a multi-billion dollar industry in less than a decade.

Every Savvy entrepreneur wants to invest in the tailoring business. But having the capital is not all that is required to set up a successful tailoring business. The desire for the design of clothing is important. Having the right set of skills and experience to achieve your goals is more vital. Being creative also plays a major role in the tailoring business. Creativity without the right technical skills and knowledge to transform these skills into a money-spinner could be wasteful.

The fact is that tailoring business is one of the oldest businesses known to mankind. Currently, this business is the rave of the moment. Tailoring business is known as a very profitable business especially in developing countries, Nigeria for an instant. The reason is simple, irrespective of the situation, people will always wear clothes.

There was a time that, if you are not a tailor then you cannot set up a tailoring business in Nigeria, all that is in the past.  Now even if you can’t put a thread into the eye of a needle, you can own successful tailoring business. All you need to do is be informed, which is what you doing right now. This means you are on the right path in building your own tailoring business empire.

Are you ready to be an elite fashion designer in Nigeria?  One who is ready to compete with the “big fish” in the industry to tap into the great opportunity in tailoring business in Nigeria.

Basically, there are 7 ways in which you can start up a tailoring business. Let take a look at it to step by step.

Types of tailoring business in Nigeria.

• Tutorial and lessons on sewing:

If you are a master in the art of sewing, who really knows the in-to-in of designing a cloth line. You can add to your income by teaching others who want you learn how to sew.  You can start up a tutorial or lesson sessions on sewing. These sessions on sewing will run for a period of time. Within this period you can teach your clients all they need to know all about sewing. You can rest assured that this type of tailoring will make you a lot of money. There are a lot of people out there who are willing to pay to become a master tailor.

• Amendment and alteration:

There is a probability that when we buy new clothes they might not fit perfectly. Thus, there is a need for adjustment to a perfect fit. The change might be huge or little, your duty is to be able to please your clients. This type of tailoring requires fewer skills and equipment. You can make lots of money from clients with amendment and alteration problems.

• Special wears and uniforms:

This type of tailoring business requires the ability to craft apparel into diverse unique style and design. You can focus your tailoring business on mass production of uniforms and special wears. Uniforms for (students, prisoners, bankers, etc.) and special wears for pros (armies, police, pilots, etc.).

This type of tailoring business is very profitable. You will be dealing with corporate bodies and organizations. You must also have it at the back of your mind that dealing with corporate bodies requires etiquette and paperwork.

• Apparel retail stores:

If you are the kind of person who wants to own his/her own clothing line, then this type of tailoring business is for you. Instead of sewing on demand, you can open a retail store for your cloth line.  This business requires you to be creative with your design. You must be able to think outside of the box. Your production must be in mass with different designs and put them up for the market in a store. If you have the capital you can give this type of tailoring business a try.

• Children’s apparel:

The market for children clothing is huge globally. Every parent loves to see their children looking good, this makes them willing and happy to spend on their clothing. This type of tailoring business requires you to have a childlike mind. Having a childlike mind will help you with your design and ideas. You can make a fortune from this niche, simply because no matter the state of the economy children’s wears still make a lot of sales.

We now have an idea of the types of tailoring business in Nigeria. Join me as we move the next phase on tips on how to start a tailoring business in Nigeria.

Tips on how to start a tailoring business in Nigeria.

• Feasibility study:

Most entrepreneurs tend to ignore this step when starting up a business. Arguably feasibility study is one of the most important steps to take when starting up any business. Starting up a tailoring business in Nigeria without carrying out a proper feasibility study reduces the chances of success of the business. What a feasibility study does is it exposes you to a lot of information about tailoring business. For an instance, the kind of services you can provide for your clients, possible challenges, business prospects, and many more.

You can get information from other entrepreneurs who have gone ahead of you. This enables you to learn from their mistakes and successes.

• Business plan:

Writing a business plan before starting a business has proved to be as effective as the intake of oxygen for survival. A business plan serves as a guide on the procedure or decision you should make, in order to achieve your dream of becoming an elite tailoring business owner in Nigeria. In case you do not have capital on ground, a well-written, detailed business plan can aid in acquiring a loan from the bank. Also, a good business plan can help you raise capital from an investor.

• Register your business:

Registering your tailoring business in Nigeria makes you eligible for certain privileges. It is almost impossible for a company to get a contract from government agencies and notable organization without being registered. During this process it is sensible you consult with an attorney before proceeding. An attorney should be able to advise you on steps you should take that will suit your business. You can visit the official website of the Corporate Affairs Commission to register your business in Nigeria. The attorney can help you with the relevant tailoring business registration process. Also, he/she will guide you on how to sign an agreement with prospective clients. Your tax and some other important issues that deal with the document can be handled by the attorney.

• Location:

Your location can be a big factor that will determine the growth of your tailoring business. Getting a good location for your business should be your top priority. Large office space in a shopping mall or center is a great idea. The reason is that of the influx of a constant crowd of people, which is good for business. Places like this are usually quite expensive, alternatively, you can get a space in a busy environment.

• Get equipment for your shop:

Once you have been able to rent a shop space in a very good location the next thing is for you to get all the necessary tailoring equipment to fill up the shop space you have secured. This equipment will help to keep the business functioning. Some of this equipment includes overlock machines, sewing machines, embroidery machines, weaving machines, needles and threads, other various sewing materials. You might not need a generator if your shop provides constant electricity.

• Select a niche:

There are several types of tailoring business, some of which are listed above. It is advisable you select the area you want to specialize in. If you know you have the ability to specialize in more than one niche go ahead, just make sure you have a good business plan to back it up. The main key to success is for you to be dedicated to your goal.

• Hire experienced staff:

You can rest assured that your tailoring business will grow fast if you have competent and experienced staff working for you. Once you have made a conclusion on how you want to run your business. The next phase you do is to seek for tailors who are tested and trusted in tailoring.

• Marketing:

This final tip should be your top most priority. You should be able to put your tailoring business in public eyes.  There are various avenues in which you can market/advertise your tailoring business. Business cards, fliers, billboards, newspapers, word of mouth, etc. You can also take advantage of the social media platform. The social media market is a huge market with over a billion users. For example Instagram, Facebook, twitter, snapchat, WhatsApp etc. You can also market your business by attending tailoring workshops and conferences. This will give you the opportunity to sell yourself to a prospective client and fellow colleague.

Cost of starting a tailoring business.

The prices of the listed items below are not fixed price. The prices can be affected by inflation, the point of purchase, etc.

 

• Registration of your business name – #10,000
• Shop space – #150,000
• Tape rule – #1,000
• Three pairs of scissors at #1,500 each – #4,500
• Thread – #1,000
• Chair and table – #20,000
• 5 sets of sewing machines at #40,000 each – #200,000
• 2 sets of mini weaving machine at #40,000 each – #80,000
• 2 sets of Embroidery machine at #40,000 each-#80,000
• A set of generator – #70,000
• Miscellaneous – #50,000

Potential total cost = #666,500

Potential profit when setting up a tailoring business in Nigeria.

You can make as much as #750,000 per month. Allow me to show you how.

If you charge #2,500 per cloth. It will take you 2-3 hours to sew one. In a day you should be able to conveniently finish sewing 3 clothes. So you alone will be making #7,500 per day. If you working Monday – Friday you will be making as much as #150,000 in a month. According to our costing, if you are working with 5 sewing machines, your monthly income would be #750,000 per monthly.

Although you would still need to pay for recurrent expenditures such as salaries, fuel for the generator, tax, miscellaneous items, etc. The good is you will still be left with a huge amount as profit.

Some tailoring business owners in Nigeria.

• Ralph Lauren
• Yomi Casual
• Gorgio Armani
• Frank Oshodi
• Duro Oluwu.

In conclusion, what discourages clients the most is tailors not keeping up with an agreement. As you step into this business ensure you keep up with your agreement with the client. Your tomorrow should be your tomorrow, it will make you stand out among your competitors. Also, try not to misplace or mishandle your clients’ fabrics.

If you work hard and remain diligent, there is nothing that can stop you from achieving your dream as a successful tailor business owner in Nigeria. Wish you luck.

Get your sample tailoring business plan in Nigeria today. To order the business plan, pay N10, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

OR

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. tailoring business plan in Nigeria pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

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