This business idea is for making curry powder. Curry powder is a mixture of spices of widely varying composition. It adds taste to food and stimulates secretion of gastric juices.
Curry powder is an item required in every household and thus has a good market potential both in urban and rural areas. Supply to supermarket chains, grocery/retail shops, restaurants and hotels are recommended for one to enter the market.
The business idea aims at production of 2,600 kgs of curry powder per month. The revenue potential is estimated at $ 218,400 per year with a net profit of 12% and payback period of 4 months. The total capital investment for the project is US $9,270.
The profiled plant has a minimum capacity of 100 kgs of curry powder per day.
The production process involves toasting the spices, mixing the various spices, grinding the spices and packaging.
All equipments can be got in Uganda.
Scale of investment Capital Investment Requirements
Production and Operation costs
|Cost Item||Units||@||Qty/ day||Pdn Cost/ day||Pdn Cost/ mth||Prod. Cost/ Year1|
|General costs (Overheads)|
|Selling and Distribution||150||1,800|
|Depreciation (Asset write off) Expenses||79||948|
|Total Operating Costs||15,997||191,964|
- Production is assumed for 312 days per year.
- Depreciation assumes 2 year life of assets written off at 50% per year for all assets.
- A production Month is assumed to have 26 days.
Project Product costs and Price Structure in US$
|Item||Qty /day||Qty/yr||@||Pdn/yr||UPx||Total revenue|
Profitability Analysis Table
|Profitability Item||Per day||Per Month||Per Year|
|Less: Operating Costs||615||15,997||191,964|
The idea is a rural micro enterprise activity and has good demand in domestic as well as international markets. Areas of concentration would include restaurants, hotels, retail/grocery stores, tourist centers, parking yards, etc.
The government encourages agro-based investments because they add value. The tax policy is quite favorable to the industrialists; for instance if you export you enjoy reimbursement tax.
General Costs (Overheads)