How profitable is popcorn business in Nigeria?

For example, you can produce 7,000 packs of popcorn every month (235 packs per day), and sell it to the retailers for N70. They will sell it for N100, therefore making the N30 profit for each pack. So, basically, 7,000 packs multiplied on N70 will bring you N490,000 of income per month as a producer!

Consequently, How do I start a popcorn business?

If you want to launch a gourmet popcorn business, follow this simple plan.

Perform In-Depth Market Research. …
Pick a Niche to Start With. …
Get the Equipment Together. …
Deal with the Regulations. …
Partner with Bulk Materials Suppliers. …
Figure Out Distribution Channels. …
Launch with Some Fanfare. …
Market to the General Populace.

Also question is, How much does it cost to start a popcorn business in Nigeria?

To start a roadside popcorn business in Nigeria you will need a minimum amount of N200,000. This money will be used to buy many materials and tools for making popcorn like a popcorn machine (gas-powered), gas cylinder, long spoon for stirring popped corns, an umbrella to protect you from the hot sun or rain and so on.

Besides Can you make money selling popcorn? If you make a quality product and provide excellent customer service, customers will always be there to support you. One last point: A mom and pop gourmet popcorn company can potentially do anywhere between $50,000 to $700,000+ in annual sales depending on the brand and marketing.

Also, Is there profit in popcorn business?

Popcorn business is one of the very lucrative business you can start with little amount of money and make it big with proper planning and good marketing. … Those popcorn you see on the streets are not made by the sellers, people process them in quantity and supply to them while they sell and make profit.

Is selling popcorn profitable?

Popcorn is a nostalgic and delicious treat for customers that can boast profit margins of 80 to 90 percent.

15 Related Questions and Answers Found

How much can I make selling popcorn?

If you make a quality product and provide excellent customer service, customers will always be there to support you. One last point: A mom and pop gourmet popcorn company can potentially do anywhere between $50,000 to $700,000+ in annual sales depending on the brand and marketing.

How high can a popcorn kernel pop?

Some varieties of popcorn have been bred so the hull shatters upon popping, making it appear to be hull-less. How high popcorn kernels can pop? Up to 3 feet in the air.

How many types of popcorn are there?

Broadly speaking there are two types of popcorn: Butterfly and Mushroom. The main distinction between the two is the shape of the popped kernel, but the differences don’t end there!

How can I increase popcorn sales?

7 Tips to Increase Your 2019 Popcorn Sales

Planning is key when it comes to the fundraiser. …
Have a popcorn kickoff party to provide quick and high-level information.
Ask Scouts to sign up for Show-n-Sell slots, and create lots of excitement around the prizes they could earn.

How do you make popcorn in a local popcorn machine?

To make popcorn using gas popcorn machine, first of all put the oil or butter which ever one you prefer, allow it to get hot or dissolved totally if it is butter, put your corn according to the quantity, see about quantities, oil in your pot then steer to mix with the oil, after like 20 seconds, add your sugar already …

How do you keep popcorn fresh to sell?

Use an Airtight Container

If left uncovered, popcorn will lose its natural moisture and get dry and stale. For an even tighter seal, cover the top of your container in a layer of plastic wrap before putting on the lid.

What is the best popcorn in the world?

So to find the best popcorn this side of the theater, I rounded up a crew of taste testers to put these 10 brands to the test:

Black Jewell.
Jolly Time.
Koepsell’s Popping Corn.
Newman’s Own.
Orville Redenbacher’s.
Pop Secret.
Quinn.
Skinny Pop.

How much does it cost to make a bag of popcorn?

A medium bag of popcorn costs just 60 cents to make but retails for $6, a whopping 900% markup. That’s enough to make « Avatar » fans turn blue. Richard McKenzie, an economics professor at University of California-Irvine, says theater owners mark up the snack so much because they don’t make a profit elsewhere.

How much should I sell popcorn for?

Suggested Retail – $1.25 to $2.00 per one-ounce serving. Another pricing practice is to know what your competitors’ prices are, as well as their quality and options (Is their popcorn cheaper? If so, is it cheaper for a reason?). Also know your customers, which will likely vary by location.

What is the profit margin on popcorn?

Popcorn is a nostalgic and delicious treat for customers that can boast profit margins of 80 to 90 percent.

Is there money in popcorn?

Gourmet popcorn has a higher profit margin than regular popcorn because of the perceived value. Regular popcorn can be sold at $2.25/serving with a profit of $1.89, while caramel corn can be sold at $3.75/serving with a profit of $3.03.

How do you keep popcorn fresh to sell?

Tips for Helping Popcorn Stay Fresh Longer

Store Out of Direct Sunlight. Avoid storing your gourmet popcorn in or near direct sunlight. …
Let the Popcorn Reach Room Temperature. The ideal moisture level for a piece of popcorn is about 14%, which is the amount a kernel needs to pop successfully. …
Use an Airtight Container.

Does soaking popcorn make it pop better?

Water content : soak it

If your corn kernels are a little old, chances are they do not pop properly. Soak them in water for 15 minutes, pat them really dry and pop them. I tried this simple experiment : I popped 1/4 cup of kernels, then I popped 1/4 cup of soaked and pat-dried kernels.

Can popcorn pop up to 3 feet?

Before stoves and microwaves, hot sand was used to provide the right kind of heat to make corn kernels pop. A single kernel pops with such force that it can be propelled up to 3 feet in the air.

Which state eats the most popcorn?

Popcorn is even the official snack of Illinois. Surprisingly, approximately 70% of the snack is eaten at home, with the remaining 30% eaten at theaters, stadiums, etc. Majority of the crop is grown in Nebraksa, with Illinois, Indiana, Kansas, Michigan, Missouri, Nebraska, and Ohio rounding out the top producing states.

Is yellow or white popcorn better?

There is almost no difference between white or yellow popcorn; although most theaters and microwavable popcorn you’d find in a grocery store are from yellow kernels because they produce a more yellow buttery looking appeal. White kernels produce smaller, lighter popcorn.