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Executive Summary ABC BLOCKS is a business involved in the manufacturing of building concrete, bricks and blocks for masonry, builders association, housing consultant, development agencies, construction workers etc.
We make block of uniform quality and sell them at a price high enough to cover costs and make a reasonable profit. Cement concrete blocks are modern construction materials and as such are use in all the construction viz: The business is owned by Moses Daniel with over 15 years experience in Block making and construction works industry.
The project set up cost is N5 million using imported machines. The project is very profitable.
With aggressive marketing strategies, good management, and the payback period would be less than 2 years. The return on investment is very encouraging at 25 per cent of profit.
The business will generate a very high gross margin and a modest net margin after year one and comfortable margin after year three. By year three the business will have developed a respectable yearly net profit.
National Bureau of Statistics, Housing and construction is one of the major drivers of growth in more than 40 allied industries, the cement block industry included. Demand for cement blocks has also risen tremendously as a result of the demand for it in the housing and construction industry.
In addition to this, there is also increasing demand of cement blocks from government and multi-national contractors for building purposes.
A potential cement block producer must have a good level of patience and must have time for the job. He must also know or be willing to know about building business, as this will help a great deal and increase his profitability in the long run.
Also, the business owner must have good networking relationship with individuals and corporate customers; he must possess the necessary skills to: There is strong competition, and the cost of preparing cement block is high.
The industry is also affected by non-availability of modern machinery in the local market at an affordable rate.
Local customs traditions, and non-availability of infrastructural facilities are also other major hurdles in the development of the sector.
The main risks associated with the business include inability of production staff to wet the blocks on the second day of production thereby preventing the blocks to command high market value, frequent rainfall to prevent blocks to congeal as at when due and inability to service vibrating machine regularly.
Volatility of the price of cement is a huge threat in the blocking making industry. However, the business owner should ensure close supervision of production staff and regular servicing of vibrating block molding machine. As a start-up business, the categories of cement blocks for production are four inches block, six inches block and nine inches block.
The business is expected to be registered with all the relevant agencies such as Corporate Affairs Commission and Concrete Blocks Manufacturer Association of Nigeria. Moses Daniel State of business: The business is a new business Opening days: Mondays — Saturdays 8am- 6pm Business Development Consultant:1.
Foreword by David Cameron, Prime Minister of the United Kingdom. Corruption is the cancer at the heart of so many of our problems in the world today. 6 Responses to How to Start a Profitable Cement Block Molding Industry in Nigeria.
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Pensions, property and more. This is why every potential business owner must take out the time to research profitable business ideas before they invest in them. To make it easier for you, we have analyzed hot small scale businesses guaranteed to bring you huge profit in Nigeria.
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