Stove thread needs no introduction because over 100,000,000 families and
50,000,000 restaurants/caterers cook their daily meals with kerosene
stove which uses thread as a conductor.However, what seems to be little known is the huge profit derivable from the production of stove thread. Stove thread is made from the combination of cotton and polyester yarns in different texture and thickness all sourced locally.
The machine used in the production of stove thread is also sourced locally and come in two capacities. The first machine goes for N70,000 and produces between 100-200 dozens of thread in 24 hours while the second machine goes for N90,000 and produces 200 plus dozens of thread in 24 hours.
The machine can be ruined by one person, requires little space and does not require generator or power supply to operate. The profit derivable from the business depends on the capacity of the machine in use and the length of the thread produced.
Below is the cost and profit analysis of the different length
Smallest length {a dozen}
Production cost =N15,selling price =N35
Medium length {a dozen} production cost =N20,selling price =N50
Longest length {a dozen} production cost = N30,selling price = N70
There also exist opportunities for the production of customized stove thread for restaurants /caterers that uses special stoves. The demand for stove thread in Nigeria always surpasses the supply because less number of people know about the huge profit to be made from the business .
The product is also in hot demand in Chad, Nigeria republic and other west African countries. The market is further deepened by the fact that it can be used to reduce global warming by reducing deforestation.
This business is suitable for graduates, retirees, house wives, stove thread retailers and everybody looking for alternative source of income. It is important to both government and private institutions that are into poverty reduction schemes.
Micro-finace banks can also benefit from this seminar by training and establishing the business for there customers/clients. Churches and Non-government organization {NGO} would also benefit. We undertake special one –day intensive training covering both the theoretical and practical aspect of the business for institution/organization like Microfinance banks, NGO’S, Churches etc.
The minimum number of participant is 30 and the seminar fee is N7500 per participant. We can offer discount if more participants are registered . For training outside Lagos, the clients would have to take care of the venue, accommodation, transportation and welfare.
The seminar would cover the following areas
1. Introduction to the business of stove thread production.
2. Investment opportunity in the buying and selling of yarns
3. Market analysis of stove thread in Nigeria and the West African countries
4. Raw materials sourcing and price
5. Practical session.
Some of the advantages of establishing the business is
1. Low start-up cost
2. Requires no generator
3. Less labour requirement
4. Less space requirement
5. The product has a ready market
6. Local availability of raw material and plant