IMAFRED SUPERMARKET

IMAFRED SUPERMARKET

Required Capital
12,000,000
Minimum commitment
1,500,000
Proposed Location
SARS ROAD, RUKPOKWU, PORT HARCOURT

This business is established and is no longer open for investment.

 

IMAFRED SUPERMARKET would be a small town supermarket to be located at SARS road, Rukpokwu, Port Harcourt. (The name IMAFRED SUPERMARKET LIMITED have been approved by CAC awaiting registration)

 

Our choice of location is based on the fact that no supermarket exists on this axis so we will be the sole community provider; SARS road is now the ideal road for vehicles avoiding the Rumuokoro trademark traffic gridlock. This area which is still developing have high growth rate and it is inhabited by mostly middle class which are the shopping class. Rukpokwu international market and SARS police station are equally located here.

 

We have secure a nice corner shop for this business at the cost of One Million Three Hundred and Twenty Thousand Naira only (N1,320,000) per year and we have paid two years rent which is Two Million, Six Hundred and Forty Thousand Naira only (N2,640,000). We are seeking for additional Nine Million Naira only (N9,000,000) through our crowd funding program, ENTERPRISE DEVELOPMENT SCHEME.

 

We thereby request 6 interested persons or organizations to contribute One Million, Five Hundred Thousand (N1,500,000) naira each for 10% equity share. In essence, we are given out 10% of this business for One Million, Five Hundred Thousand naira only, the remaining 40% is own by AFROCENTRIC. This money will be used to stock the business and carter for other start up requirement such as generator, fridge and shelf etc. From our projected sales forecast, Profit before tax for 2018, 2019 and 2020 would be N5,632,000, N7,648,000 and N7,978,000 respectively. We hope to make more than this because we used 25% margin and N100,000 sales per day for the forecast.

 

We equally have expansion plan and hope to roll out a chain of supermarkets, departmental stores and shopping malls from this business.

 

This scheme will end on 25th of September, 2017 by 12 midnight.

 

Take advantage of this great opportunity now and be part of a growing brand.