Investment is needed to rent a warehouses, bus, import the chemicals, workforce and get a permit from NAFDAC to start importation.
The project is to import industrial chemicals such as pine oil, phenol, natrosol, caboxyl methyl cellulose, menthol crystals, chloroxynol, sodium lauryl ether and titanium dioxide. They are used for the production of fast moving products, like disinfectants, soap, germicide, cosmetics, tooth paste, tooth powder and medicated powder. These chemicals are used by big manufacturing companies in large volume as well as small and medium scale industries, the demand is endless. 98% of the chemicals used in production in Nigeria are imported. The project gives a good profit margin and 90% of the money can be recovered within 4 months.
We can import between three to four times in a year. We will also supply to companies as well as distributors. Some pay immediately while some pay within 1 week, 2 weeks or in a month. We are sure to get 80% of the money back, within 2 months. The project is very viable because the chemicals are always in demand and we can launch in a month..i intend to import the chemicals from china,i have sent for quotation from some companies and they have sent me their quotation and the material safety data sheet for the chemicals.
I have contacted most of the customers that will buy the products and they are willing to buy as long as the quality is good and the price is lower than the current price they are buying. We will use marketing executives and myself to sell the chemicals.
I have a registered a business company that can import the products. All that is left is to apply to NAFDAC to get the permit to import the chemicals..
the cost and sales projection for the first two years in the business proposal submitted below.
I am looking for an investor or partnership or shareholders capital.
There is no sole importer for in industrial chemicals in Nigeria, anybody can apply to NAFDAC and if you meet the requirements, you will be given approval to import the chemicals. We are going to sell at a lower price than our competitors to win the market and we will give our suppliers flexible payment terms.
Once you have a good products and low price you will get a large share of the market. Industries are springing up daily and the demand for these chemicals is always there. Our population is growing very fast, so production will always go on.
The profit margin on the products is an average of 45%, doing that with the same fund three times in a year makes it very profitable. All the people doing the business are making good money in it. I have done marketing of industrial chemicals and I know they make good profit.
The fund is to rent a warehouses, bus, import the chemicals, workforce and permit from NAFDAC to start importation.
The investor has a great opportunity to make good profit on his investment. 90% of the fund is in the form of working capital which can be recovered within 3 months. If the investor wants to take his fund within a very short notice it can be done, because as we sell more and more, we get the fund back. Apart from the rent and bus, the rest of the investment is for buying the chemicals. The opportunity is there for us to include a wide range of other chemicals given the size of the investment.
I do not mind whether its silent or hands-on investor. The investment can be paid back within one year depending on the agreement.