FEGEOSTOM provision store is a standard provision store that is located in one of the biggest residential Estate in Mowe, Ogun State. Although we are at our growth phase, we have been able to secure an ideal warehouse facility large enough to meet our future expectations. 

Besides, we are not ignorant of the fact that there are other provision stores and supermarkets in the Estate. Therefore, we took time to do adequate research before launching our business. We are careful enough to give competitive prices to stay ahead of our competitors. Also, we offer self-service alternatives and different payment options (such as payment via online bank transfer, check, and POS) to ease our customers.

The various products we deal with include beverages (Milo, Milk, Fruit juice, Wine, etc.), confectioneries (Chocolate, Candy, Coffee, etc.), snacks (Chin-Chin, Peanut, Cakes, Biscuits, etc.), Cereals (Cornflakes, Coco pops, Frutties, Golden morn etc.), Toiletries, Perfumes, Cosmetics, etc.

Our business is a promising one due to various factors which include location, choice of business, pricing, and excellent customer service.


To be the first provision store in our locality and extend beyond the Estate as time goes on.


  1. To be the leading provision store in our Estate.
  2. To establish a 95% loyal customer base. 
  3. To satisfy both retail and wholesale customers’ need.
  4. To sell affordable products.

Why we should be patronized

FEGOESTOM provision store was established with the best interest of customers at heart. We give the best prices for household commodities; we are located in an easily accessible environment and our customer service is top-notch.

Competitive Strategy for Groceries and Provision Store Business Plan In Nigeria

We are aware that provision business is a very common business, therefore, to stay ahead, we did a comprehensive research/ market survey to be able to offer the best in terms of low prices and convenience to our customers.

Our low prices cover both the wholesale and retail aspect of all our products. Therefore, our business is not just limited to consumers, but retailers are also included in our customer base. We deal with variety of goods and obtain our products in large quantities directly from manufacturers; this has been a big factor in helping us cut cost and enabling us give competitive prices.

Additionally, our customer service is second to none. Regardless of what an individual buys from us, we ensure that every customer is given a royal treatment whenever they visit our store and this strategy also has been very rewarding.

 Cost of Operation of Groceries and Provision Store Business Plan In Nigeria

Our current cost of operation is about 2.5 million. This includes the cost of setting up our facility, cost of some goods available in the store, employee’s salary, cost of POS machines, etc. It should be noted that we have been able to liaise with some of our suppliers in a bid to get goods on credit. Thankfully, this was achievable due to the good relationship built over time.   

Despite our progress, we strongly believe there is a big room for improvement. There are some of our structures that are yet to be in place, and some are not yet fully functional. We look forward to having a Customer Relationship Management (CRM) system that will enable us to manage a one-on-one relationship with our customers no matter how large our customer base is. We aspire to make our system fully automated. Hence, a need for more funds.

Our estimated cost of expansion is about 20 million. This will enable us to build and perfect all structures that are meant to be in place and improve our brand awareness. Additionally, we will be able to get the necessary tools and competent hands that will aid our work.


Expected profit

Our profit for the first year is expected to be about 15 Million after all expenses have been paid. We envisage a 20% increase in the second year and 40% increase in subsequent years.


Management experience

Mrs. Justin Amaechi, our Chief Executive Officer is responsible for increasing management’s effectiveness by recruiting and disciplining managers. She is also responsible for signing checks and documents on behalf of the company. She is a graduate of Business Management from the University of Lagos and has over 20 years’ experience in the field.

Mr Temitope Abdul, a graduate of Business administration form Tai Solarin University, is our store manager. Mr Temitope is responsible for the management of the store’s daily activities. He interfaces with our suppliers, ensures that proper records of goods are kept, and the store rack doesn’t run out of any product. He is also responsible for the supervision of the workforce in the store.

Miss Bamishe Sope, is our sales and marketing manager. A graduate of marketing from Olabisi Onabanjo University with over 8 years’ experience in sales and marketing. She supervises implementation, advocates for customer needs, and communicates with clients. She also identifies, prioritizes and reaches out to new partners and business opportunities.

Mr Chibuzor Emmanuel is our accountant, a graduate of Accounting from the prestigious University of Lagos, and a member of the association of Chartered Accountant of Nigeria. He is responsible for handling all financial transactions of the store. He also prepares financial budgets, payrolls, and statements for the organization. He also serves as an internal auditor for the store. Mr Chibuzor has over 12 years of experience in his chosen field.

Why you should invest in this business

Our business has to do with essential commodities that are used in every household daily. Hence, the promise of being successful if all strategies are put in place remains certain. Moreover, we have taken the extra step of giving low prices to customers both on retail and wholesale basis.

This strategy has increased awareness about our store even beyond the Estate in which we are currently locatedDon’t forget that our location is also a big advantage to us being a densely populated, residential district of Ogun State. We assure you that the profitability of the provision store business is underrated especially when there is an excellent plan on ground.


Please call our business plan consultants: +2348147161686,

We have a team that can help you write your specific business plans, feasibility studies, Marketing plan,  grant application,  market research, business brand story and so on.

Contact: +2348147161686 for details

Other Business Plans available:

Auto Repair Business plan in Nigeria

Block Industry Business plan in Nigeria

Sample Bread and Bakery Business Plan in Nigeria

Cassava Business plan in Nigeria 

Catering Business plan in Nigeria

Catfish Business plan in Nigeria 

Cattle rearing Business plan in Nigeria 

Chin chin Business plan in Nigeria 

Cocoa Business plan in Nigeria 

Coca-cola and Soft drinks distribution Business plan

Cooking gas Business plan in Nigeria 

Cosmetology Business plan in Nigeria 

Crèche Business plan in Nigeria

Drycleaning Business plan in Nigeria

Event management Business plan in Nigeria

Fashion Business plan in Nigeria

Feedmill Business plan in Nigeria 

Fish farming and processing Business plan in Nigeria

Frozen food Business plan in Nigeria

Furniture Business plan in Nigeria 

Ginger farming Business plan in Nigeria

Goat Business plan in Nigeria

Groceries Business plan in Nigeria

Groundnut oil Business plan in Nigeria 

Hair Salon Business plan in Nigeria

Herbal Business plan in Nigeria 

Hide and skin Business plan in Nigeria

Honey bee Business plan in Nigeria 

Honey production Business plan in Nigeria

Hotel Business plan in Nigeria

ICT Business plan in Nigeria

Integrated Agriculture Business plan in Nigeria 

Interior Deco Business plan in Nigeria 

Laboratory Business plan in Nigeria 

Leather tanning Business plan in Nigeria

Logistics Business plan in Nigeria

Maize farming Business plan in Nigeria

Medical equipment and supplies Business plan in Nigeria

Mobile Kitchen Business plan in Nigeria 

Moringa Business plan in Nigeria 

Mushroom Business plan in Nigeria

Music equipment Rentals Business plan in Nigeria 

Nylon Production Business plan in Nigeria 

Paint Production Business plan in Nigeria 

Palm oil Business plan in Nigeria 

Paper Recycling Business plan in Nigeria 

Petrol station Business plan in Nigeria 

Pharmacy Business plan in Nigeria 

Pig Farming Business plan in Nigeria 

PKO extraction Business plan in Nigeria 

Flavoured Plantain chips Business plan in Nigeria 

Plastic bottle recycling Business plan in Nigeria 

Popcorn Business plan in Nigeria 

Poultry Business Plan in Nigeria

printing and multimedia Business plan in Nigeria

Quarry Business plan in Nigeria 

Raw gold Business plan in Nigeria

Restaurant Business plan in Nigeria

Retail Business plan in Nigeria 

Rice milling Business plan in Nigeria 

School Business plan in Nigeria 

Shear butter Business plan in Nigeria

Shoe making Business plan in Nigeria

Soap making Business plan in Nigeria 

Tea and beverages Business plan in Nigeria 

Tissue paper and serviette Business plan in Nigeria 

Transportation Business plan in Nigeria

Travel and tour Business plan in Nigeria

Vegetable farming Business plan in Nigeria

Vocational Business plan in Nigeria

Water production business plan in Nigeria

Yam farming and sales Business plan in Nigeria 

Yougut production and sales Business plan in Nigeria


Let's keep you updated on latest business tools and opportunities

We will not share your data with any third party

error: Content is protected !!
%d bloggers like this: