Young Indian entrepreneur seeking investor for a supermarket start-up to be based in Douala, Cameroon. The funding requested will help purchase the initial items to be sold, and also cover the store rental (including renovations) for a period of 12 months.
We are looking to start a mini supermarket that will offer products such as newspapers, magazines, soft drinks, fruit juices, sport drinks, hot and cold snacks, various grocery items such as canned soups, microwaveable meals, condiments, bread, cleaning supplies, pet supplies, paper products, toothpaste, etc. We will also sell clothes, liquor, and are looking to have a delicatessen.
The expected ROI is minimum 20% per annum.
The store will be the only one of that kind in the area, located in a suburb with people from middle to high income. This is a great advantage. The closest store (competitor) is located in another area, i.e. at a 20 minute drive from us.
The store will offer quality products that will be sold at competitive prices. Food is an ever growing industry in Cameroon. It is a necessity. The country is basically self-sufficient in food. The store is strategically situated in an area with limited access to such types of stores, which guarantees high sales and therefore profit.
The investment will be used for purchase of goods, permits and licenses, store rental for a period of 12 months, resources and equipment (cash registers, refrigerators, shelves, etc.).
We are looking for investment in the form of a loan to be reimbursed fully within 24 months, with an interest rate to be discussed with the investor.