How much can you use to start a provision business?

B

Bisolami

Very Familiar

Member

Sep 19, 2022

17,833

1,535

Dex

$0.000

Raw Dex

$0.078

• Jun 2, 2024

• #1

I have a provision business and I used a whopping sum of one million and five hundred thousand makes to start the business and that’s about $1000 here in Nigeria.

How about you? How much money can you use to start a wholesale provision business?

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

12,726

562

Dex

$6.000

Raw Dex

$0.252

• Jun 3, 2024

• #2

In my country l would need like $2000 for me to starting that business in the matter of fact.

 

Shavkat

Very Familiar

Member

Sep 7, 2022

13,551

947

Dex

$0.015

Raw Dex

$4.792

• Jun 3, 2024

• #3

I think the startup capital will be based on research done and it will be reflected on the business feasibility findings.

 

cherry123

Popular

Member

Sep 5, 2022

27,027

2,606

Dex

$0.005

Raw Dex

$0.263

• Jun 3, 2024

• #4

Without payment for a shop I think you can start with 800, 000 Naira. You can buy different products to sell

 

F

Fidelia

Notable

Member

Oct 28, 2023

2,030

35

Dex

$0.010

Raw Dex

$0.203

• Jun 3, 2024

• #5

@Bisolami, it means you had to compromise on a lot of things to able to set up a groceries business with that amount. I believe shop rent ain't included in that amount.

 

B

Bisolami

Very Familiar

Member

Sep 19, 2022

17,833

1,535

Dex

$0.000

Raw Dex

$0.078

• Jun 3, 2024

• Thread starter
• #6

Fidelia said:

@Bisolami, it means you had to compromise on a lot of things to able to set up a groceries business with that amount. I believe shop rent ain't included in that amount.

Click to expand...

The shop rent was not included and thanks for reminding me about that and also the kind of furnishing I’d do in the shop

 

nomad

Very Familiar

Member

Jun 22, 2022

10,544

507

Dex

$0.000

Raw Dex

$0.000

• Jun 3, 2024

• #7

I do not have first hand experience but base don what some of the people I know have done, you need around 10k USD to start this business

 

eldavis

Very Familiar

Member

Sep 4, 2022

14,542

657

Dex

$0.000

Raw Dex

$0.888

• Jun 4, 2024

• #8

To start a provision store requires lots of capital, especially now that things are on the high side. The amount you need would be determined by the size of the business.

 

Ofonime

Notable

Member

Dec 25, 2022

1,079

18

Dex

$0.009

Raw Dex

$0.210

• Jun 4, 2024

• #9

I believe you can start provision business with any amount of money but at the same time if you start up the business with good amount it's far more profitable

 

Kera

Somewhat Known

Member

Jun 18, 2024

838

8

Dex

$0.000

Raw Dex

$0.200

• Jul 15, 2024

• #10

There are people that started a small provision business with just about $400. It depends on the scale you are starting with.