The food business is growing every day, and with more kids being born, the love for snacks keeps on increasing. What’s more, adults too love snacks, especially popcorns, which are known to blend in with a movie night.
Popcorns are becoming quite the thing, especially as days go by. This brings even more profit to the people with the popcorn business. To start the business, here is a look at things and how to go about them.
Steps to start a popcorn business in Uganda
To start a successful business in Uganda, one has to do things and the necessary permits one has to acquire. Some of the steps are as below;
- The first step is to know the type of business you want to start and acquire a unique business name.
- The next step is to register your company with the Register Company and later be issued with the certificate of registration.
- Acquire all the necessary licenses from the Ministry of Health and Fire Department. This ensures the safety of your employees and yours and the consumer’s safety, especially businesses that deal with food.
- Register with the local authorities to get a trading license or operating permits.
- For Tax, purposes register with the Uganda Revenue Authority. Once you register popcorn business in Uganda, you will be given a Tax Identification Number that will be like your account number.
Tips to start a popcorn business in Uganda
- Have a business plan that you will follow to the latter. It will help you manage your finances and not overspend.
- Advertise your business using posters and even on social media platforms. Tell your friends to tell other friends so that your business can grow.
- Study the strengths and weaknesses of other businesses in the same field as yours and get to know how they work with them.
- Look for a location with the target market. Urban places near town centers and shopping malls are some of the best places to start almost any business.
How profitable is the popcorn business in Uganda?
The popcorn business is very lucrative and only takes 200,000 Ugandan cash to start. The profits are way more, especially in areas where the market is large and has a target population.
In places near shopping malls, town centers, and outside colleges and universities, the market is good, and one can make 50,000 Ugandan money.