TABLE OF
CONTENTS
1.0 Executive
Summary
2.0 Business
Description
2.1 Vision
Statement
2.2 Mission
Statement
3.0 Industry
Overview and Market Opportunity
3.1 Overview
of the Nigerian Electrical Equipment Market
3.2 Trends
Driving the Market
3.3 Key
Competitors in Lagos
4.0 Market
Analysis
5.0 SWOT
Analysis
5.1 Strengths
5.2 Weaknesses
5.3 Opportunities
5.4 Threats
6.0 Products
and Services
6.1 Product Categories
6.2 Key Brands and Suppliers
7.0 Competitive
Advantage
7.1 Technical Advisory and
Support
7.2 Inventory Reliability
7.3 Flexible Delivery Options
7.4 Customer Incentives
8.0 Marketing
Strategy
8.1 Branding
and Identity
8.2 Advertising
Channels
8.3 Business
Development Strategy
9.0 Sales
and Revenue Generation Plan
9.1 Revenue
Streams
9.2 Sales
Projections
10.0 Operational
Plan
10.1 Location
and Store Layout
10.2 Staffing
Plan (Initial Team)
11.0 Technology
and Infrastructure
11.1 POS
and Inventory System
11.2 Ecommerce
Website
11.3 Power
Backup
11.4 Security
12.0 Financial
Plan
12.1 Startup
Capital Requirements
12.2 Monthly
Operational Cost Estimate
13.0 Risk
Management Strategy
13.1 Identified
Risks and Mitigation
14.0 Environmental
and Sustainability Practices
15.0 Appendices
Appendix A – Product Pricing Samples
Appendix B – Supplier List
Appendix C – Sample Floor Layout Plan (Textual
Overview)
Appendix D – Loan Repayment Schedule
(Simplified)
16.0 Conclusion
1.0 Executive Summary
Business Name: VoltEdge Electricals Ltd.
Business Address: No. 21 Oba Akran Avenue, Ikeja Industrial District,
Lagos
Business Type: Retail and Wholesale Sales of Electrical Equipment
Legal Structure: Limited Liability Company (Registered with CAC)
VoltEdge Electricals Ltd. is a Lagos-based startup engaged in the
procurement and sale of electrical equipment, devices, and accessories catering
to residential, commercial, and industrial consumers. We will offer a wide
range of products including circuit breakers, electrical cables, transformers,
inverters, sockets, conduit pipes, industrial switches, light fittings, fans,
solar components, and more.
With Nigeria’s expanding urban population and increasing construction
activities, the demand for high-quality electrical components has surged.
VoltEdge Electricals aims to bridge the gap between trusted international
brands and local end-users, combining retail sales with B2B contracts and
technical consultancy for industrial clients.
Startup Capital Requirement:
₦38,000,000
Target Opening Date: November
2025
Break-even Point: Within 18
months
Revenue Projection (Year 1):
₦95,000,000
Ownership: Mr. Kelechi Umeh (80%)
and Mrs. Fatima Musa (20%)
2.0 Business Description
VoltEdge Electricals Ltd. is set up to become a reliable distributor and
reseller of electrical equipment in Lagos, Nigeria. Our products will serve the
needs of:
- Electrical
contractors and engineers
- Building
developers and facility managers
- Industrial
maintenance departments
- Renewable
energy installers
- Individual
households (DIY customers)
We will operate from a physical retail store in Ikeja, a warehousing
unit in Ojota, and an e-commerce extension (VoltEdge.ng) for both customer
outreach and nationwide orders.
Our core value proposition includes:
- High-quality,
certified electrical products (SONCAP-compliant)
- Competitive
pricing due to direct sourcing from OEMs and importers
- Trained
technical support staff in-store
- After-sales
warranties and advisory for installations
- Prompt
delivery within Lagos metropolis
2.1 Vision Statement:
To be the most trusted and efficient distributor of electrical
components in Nigeria.
2.2 Mission Statement:
To supply homes, offices, and industries with durable and efficient
electrical materials at competitive prices while ensuring safety, compliance,
and sustainability.
Click “DOWNLOAD NOW” below to get the complete Business Plan
FOR QUICK HELP CHAT WITH US NOW!
+(234) 0814 780 1594
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