potential standouts with returns on investment and daily turnarounds for profits, which food vendors have maintained consistently from their franchise locations.
Restaurants are divided into three categories such as quick service restaurants , Casual Dining and Fast Casual. Among the players in this business are foreign and indigenous brands such as KFC, Mr Bigg’s, Sweet Sensation, The Place, Jevinik, Cilantro, Kobis, Jade Palace, Terra Kulture Food Lounge, and the more affordable Bukatarias. They have found a large market of consumers seeking patronage in food outlets stores on daily, hourly and weekly basis.
The Nigeria food industry is one of the best performing sectors in the country. Despite the economic downturns and huge decline in spending priorities, the sector has grown rapidly with vendors in different strategic locations. It is one of the fast-moving businesses.
Operators can also secure capital from bank loan or from family and friends which would be returned when the business starts generating profits. She added that investment in food business is a thing of choice. How big you want your business to be will determine the capital you need to factor it out.